Mergers and acquisitions (M&A) represent opportunities for businesses to grow and diversify. However, they are complex to negotiate on many levels. One of the main challenges is that of security. A blend of diverse business cultures, systems, and technology stacks, are among the factors that complicate this transition. In the current climate where data breaches […]
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KPI Management: Intellectual Property (IP) Strategy KPIs
Intellectual Property (IP) Strategy is a critical aspect of modern business management, pivotal for protecting and monetizing innovations. As companies increasingly rely on their intellectual assets to gain competitive advantage, develop new products, and enter new markets, establishing a robust IP strategy becomes essential. This strategy encompasses not just the protection of ideas and inventions […]
Crack the Consulting Code: Top 10 Digital Transformation Frameworks
Business frameworks and methodologies are structured tools to approach complex, but common business challenges. They allow us to cut through noise, zero in on the key issues, and facilitate the development of insightful recommendations. The importance and usefulness of business frameworks in the consulting world—especially among the global strategy firms—cannot be overstated. For consulting firms, […]
KPI Management: Digital Transformation Strategy KPIs
We’re living in the Digital Age. Pretty much every organization is pursuing a Digital Transformation Strategy to some degree. Digital Transformation Strategy encompasses the integration of digital technology into all areas of an organization, fundamentally changing operations and business models. This strategic pivot is essential for enhancing competitiveness, improving customer experience, and fostering innovation. As […]
KPI Library Resource: KPIs and Digital Transformation
Editor’s Note: This is a series of articles on best practices related to KPI selection and implementation. These resources are provided in support of the Flevy KPI Library, one of the largest available databases of business KPIs. Having a centralized library of KPIs saves users significant time and effort in researching and developing metrics, allowing them […]
IT4IT Reference Architecture
The IT4IT framework is a structured and standardized approach to IT management, aiming to optimize the IT value chain, refine service models, empower value streams, and align IT services with organizational objectives. IT4IT offers a roadmap to optimize IT operations, streamline processes, and ensure services align with business needs. Through real-world examples and case studies, […]
What Measures Should Businesses Take to Prevent Insider Data Breaches?
Companies often look at external threats to their assets. However, data breaches sometimes occur from the inside. For example, a disgruntled former employee gains access to sensitive files. A dishonest current worker chooses to use personal details for their own gain. How can companies keep proprietary information and customer data confidential from those who work […]
Model-Based Systems Engineering (MBSE)
Model-Based Systems Engineering (MBSE) is a formalized methodology that uses digital models to support the entire lifecycle of complex system development. It provides a single source of truth, ensuring discipline-specific views of the system are created using the same model elements. This fosters consistency and reduces defects associated with document-based approaches. MBSE encourages a systems […]
TOGAF – The Open Group Architecture Framework
The Open Group Architecture Framework or TOGAF is a comprehensive guide to enterprise architecture, offering a structured methodology for designing, planning, implementing, and governing architectures that align with organizational goals and technology landscapes. The TOGAF framework is built upon 3 interconnected pillars: Enterprise Architecture Architecture Development Method (ADM) Enterprise Continuum The Enterprise Architecture pillar is […]
An Introduction to ChatGPT and How to Use ChatGPT for Consulting
Editor’s Note: Want to directly ask an AI consultant a question? Check out Marcus. Marcus, based on MARC (Management’s Automated Real-time Consultant) technology, is Flevy’s own AI-powered consultant who will search our vast database of management topics and best practice documents to identify the most relevant to your specific, unique business situation. * * * […]
The Importance of First-Party Data
It’s clearly evident that the use of data for a business is highly effective in many ways. From understanding more about your customers to using that data for the benefit of marketing and product development purposes. The more data a business gets its hands-on, the better. With accurate data, your business has all the information […]
Double Diamond Model
Design plays a vital role in creating effective solutions. It encompasses aesthetics, functionality, and the user experience. Various models are used to guide the design process. Despite the diversity of design models, there are common foundational steps. These include understanding the problem, generating ideas, prototyping, testing, and refining the solution. These steps form the core […]
