Organizations turn to different sources of gaining Competitive Advantage and outperforming their rivals. In the past, leading multinationals with diverse portfolio of product or service offerings used to have assets, positions, and economies of scale serve them as sources of advantage. However, nowadays, leading industry players employ an entirely different course to attain Competitive Advantage. […]
About Mark Bridges
Mark Bridges is a Senior Director of Strategy at Flevy. Flevy is your go-to resource for best practices in business management, covering management topics from Strategic Planning to Operational Excellence to Digital Transformation (view full list here). Learn how the Fortune 100 and global consulting firms do it. Improve the growth and efficiency of your organization by leveraging Flevy's library of best practice methodologies and templates. Prior to Flevy, Mark worked as an Associate at McKinsey & Co. and holds an MBA from the Booth School of Business at the University of Chicago. You can connect with Mark on LinkedIn here.Author Archive | Mark Bridges
Internet of Things (IoT) Strategic Models
The Internet of Things (IoT) combines Innovation, outreach, and complexity. Despite the uncertainties in IoT industry, the technology offers unlimited opportunities to corporations. It encompasses an accumulation of network-based devices. IoT involves extending internet connectivity beyond standard devices. Embedded with technology, these devices can communicate and interact over the Internet. They can be remotely monitored […]
Internet of Things (IoT) Technology Stack
Internet of Things involves providing innovative digital services and delightful Customer Experiences. IoT encompasses an accumulation of network-based devices that extend internet connectivity beyond standard devices. These devices can communicate and interact over the internet, and can be remotely monitored and controlled. IoT devices run on network connections like Bluetooth, Wi-Fi, and Near-Field Communication (NFC). […]
Diversity and Inclusion: Leaders vs. Laggards
Diversity pertains to representation of races, ethnicities, and other minority groups in an entity, or in other words the make-up of an organization. Inclusion on the other hand, represents the degree of value given to inputs, existence, and viewpoints of various groups of people and the extent of their integration in a setting. A study […]
Integrative Innovation Management
When new technologies and competitors disrupt markets, numerous existing organizations struggle to remain competitive. Situations like these encourage some organizations to partner with others. Fruitful partnerships comprise of having the appropriate people, processes, and organizational backing. This calls for an Integrative approach to Managing Innovation. Various aspects of the Innovation process have to be integrated […]
Business Case for Diversity and Inclusion
Diversity and Inclusion are 2 interlocked ideas. However, they are anything, but interchangeable. Managing Diversity and Inclusion (D&I) involves actions beyond policies, programs, or headcounts. Diversity pertains to representation of races, ethnicities, and other minority groups in an entity or in other words the make-up of an organization. Inclusion represents the degree of value given […]
Scenario Planning in Crisis
Wars, downturns, calamities, pandemics, and other crises drive businesses into uncertain situations, low turnovers, stagnant growth, unemployment, and even insolvencies. These crises often arise uninformed. It is difficult to guide organizations through challenging circumstances and envisage the effects and severity of crises. Financial planners and CFOs, though, try to confront these situations, but at times […]
Global Agile Implementation and Local Culture Considerations
In today’s modern era, driven by Technology and Innovation, organizations can only survive if they are swift and agile; and have the capability of learning and adjusting rapidly. Establishing methodologies that introduce flexibility and agility to a team or business is an absolute necessity for companies to survive in today’s business environment. Organizations have become […]
3 Key Elements of Performance-driven Culture
A strong, positive Organizational Culture fosters a good feeling in employees about their work and the work environment. Nourishing such a culture demands key behaviors to be keenly managed by looking for and recurrently strengthening Bedrock Behaviors. Bedrock Behaviors is a set of acts that has the influence to initiate a domino effect, altering other […]
3 Drivers for Implementing an Innovation Culture
Achieving the status of the Most Innovative Company of the Year is what most businesses aspire to. Innovation-centric research by Boston Consulting Group (BCG) in 2014—comprising of over 750 businesses in 17 different markets—brought to light some striking insights, in addition to rating the most innovative companies of the year. The organizations that grabbed top […]
4 Vital Premises of Dual Innovation Management Systems
Conventional Innovation Management is unable to sustain itself in the face of contemporary needs. Dual Innovation has become a necessity for businesses to survive intense competition in today’s markets. Dual Innovation refers to extending current Business Models in new directions, as well as creating completely novel Business Models at the same time. Innovation Management comprises […]
Strategic Decision Making with Machine Learning (ML)
Automation has a profound role in improving Operational Excellence and Decision making. Organizations, these days, are increasingly using Machine Learning (ML) to improve the Strategic Decision making expertise of their leaders. Global research by MIT Sloan Management Review in collaboration with Google—involving 4,700 executives and a number of Key Informant Interviews—indicates that ML is gradually […]