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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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One of the major necessities of this information age involves developing leadership that is capable of guiding organizations through challenging times. A vast majority of executives at most organizations are exceptional in handling routine operations;… Are Your Leaders Cognizant of the 10 Principles of Strategic Leadership?
Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models. This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic… An Effective Methodology to Avoid Disruption: The 8 Pillars of Innovation
Functional areas in an organization are often marred with ambiguities–some process related and other role related. The Responsibility Assignment Matrix or RACI Charting is a simple technique to resolve these ambiguities. It works collaboratively to… How to Conduct RACI Charting and Analysis Professionally?
Innovative technologies are sweeping away everything: organizations, work practices, offerings, hierarchies, and even business models. Those days are long past when business models used to stay static for years to no end. They are now… The Secret to Unlocking Business Model Innovation (BMI)
Financial downturns and intense competition has put a lot of strain over boards and directors to perform better. The effectiveness of the board of directors varies from organization to organization. An accomplished chairman can make… What Makes a BoD a High Performance Board?
New market entry provides potential opportunities for organizations to grow. But penetrating a market and establishing a new business is fraught with complications and failure. Attempts at entering a new market often fail, in fact,… For a Successful Market Entry, First We Must Remove Our Cognitive Biases
The problem solving approach to organizational design and management has a number of limitations. It focuses only on what’s wrong, identifying causes, brainstorming solutions, developing action plans, and not taking into account the areas that… Do You Know How To Take Advantage of the “Appreciative Inquiry” Approach for Organizational Management?
At the pinnacle of the Industrial Revolution, not many organizations realized the complex subtleties of the Financial Capital. The organizations that were able to develop innovative methodologies to administer their financial capital outsmarted the rivals… Do You Realize the Value of Developing BeCoN (Behavior, Cognitive, Network) Capital in the Digital Age?
Expanding into new markets presents lucrative opportunities, as well as risks. Potential threats in new territories include corporate corruption, malpractices, and fraud, which most firms have to face. Corruption and fraud cover a wide array… How to Counter Corporate Corruption and Fraud
While making critical decisions, not many strategists are conscious of the impact that cognitive biases have on business decisions. These biases are part of human behavior, and can be referred to as “systematic human tendencies… Building Blocks of Behavioral Strategy: How to De-Bias Your Decision Making Process
The Digital Era has brought on critical challenges for companies to meet new consumer demands for marketing. Digital Marketing is undergoing transformation at an astounding rate. There is a radical shift towards “on-demand” marketing, where… Marketing 2.0: How to Build On-demand Marketing Capabilities
Executing strategy the right way is not everyone’s business. The reported failure rates for strategy execution stand at 60% to 90%. A study of large organizations in eight industrialized countries by Bain and Company revealed… How Do You Establish a Strategic Management Office (SMO)?