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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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According to Ken Blanchard, the co-founder of Situational Leadership, “Feedback is the breakfast of champions.” McKinsey is a feedback-driven culture. Their culture has developed better consultants and made sure that there is greater client impact.… Feedback Is the Breakfast of Champions – Understanding the McKinsey Feedback Model
The most resilient and consistently successful companies have discovered that the devil is in the details of the organization. No company may ever totally master the enigma of execution. But for them organizing to execute… Organizational DNA: The 4 Building Blocks to Effective Execution
Whether the focus is a strategy, operations, tax, finance, HR, or IT, management consulting firms have become a staple of corporate life. From defining strategic directions to simply serving as an additional pair of hands… Consulting Workshop Series 101: Tools to Generating Effective and Innovative Ideas
In today’s global economy, the leading driver behind its growth is Innovation. Yet, it is the least understood. Throughout the last century, captains of industries learned to master the process of production to such extent… When Being Different Becomes the Game Plan: Let The Innovation Process Keep You on Track
The global economy is currently producing nearly 300 million tons of plastic every year, Half of these is for single use. With the population growing at a fast rate, we are requiring more resources than… The 21st Century Corporate Social Responsibility (CSR): The Shift to Circular Economy
“Selecting the right measure and measuring things right are both art and science. And KPIs influence management behavior as well as business culture.” ― Pearl Zhu, CIO Master: Unleash the Digital Potential of It The 2018 Strategic… Secrets to Becoming a Global Leader: The Art and Science of Key Performance Indicator (KPI) Strategies
When organizations go through a Post-merger Integration, often management realizes that it is never a simple undertaking. It is a highly complex process. Swift action is required as well as being able to run the… Achieving Success in Post-merger Integration (PMI): The Top 10 Tips Every Organization Must Know
Price wars have broken out in consumer industries around the world. In fact, retailers such as ALDI, Amazon, and Walmart have used price to position themselves against traditional competitors in the market, pinching margins all… Pricing Perception: Is Reducing The Price The Best Decision?
“When it comes to communicating, the CIO is both a storyteller and educator.” Chris Manriquez, VP for IT and CIO, California State University, Dominguez Hills. CIOs must be both a storyteller and an educator. Aside… Effective Communication 101 for CIOs
In the late 1990s, business strategist Michael Porter argued that clusters make business more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea and… The Growth of a Giant: The Logistics Clusters in Supply Chain Management (SCM)
“To win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.” Sun Tzu, The Art of War Many companies are… The Art (and Science) of Winning a Price War: The Price War Strategy
Factory Audits are often conducted by companies to confirm whether the supplier is delivering the supplied goods per agreed-upon terms and standards (e.g. quality, safety, ethical, environmental, etc.). This has become an important undertaking for… Why Companies Need to Take a Serious Look at Factory Audits in Supply Chain Management (SCM)