Profitability is at the core of successful businesses. Many markets do not allow as much top-line revenue increase as the companies would like. Therefore, organizations have to focus on improving the bottom-line. Boosting the bottom-line entails raising Productivity. Productivity enhancement can be achieved by eliminating redundancies and improving processes that change the company. Process Improvement […]
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Conditions for Sustainable Change
With most Transformation initiatives people gradually revert back to their old habits of doing things. Sustainable Change Management necessitates 4 key processes: Chartering—defining the scope, rationale, and team for the change initiative. Learning—testing and refining ideas before a full-blown execution of the initiative. Mobilizing—using symbols and metaphors to engage people and gain their buy-in for […]
Lean Product Development: Talent Development
Top products are the creation of top designers and developers. Lean Product Development helps in developing expert designers and developers, who are excellent problem solvers and are adept at creating innovative solutions. Developing Key Talent for Product Management accelerates Innovation and time to market while lowering costs. Managers responsible for developing creative products and solutions need […]
Lean Product Development & Innovation
Improving Product Development competencies in designers and developers is a concern for senior leaders in the manufacturing sector. The approach most organizations take in developing Human Resources does not go beyond staffing the cream of the crop from leading global educational institutes. Talent Development to them is, typically, sending their people to attend workshops and […]
Corporate Learning Strategy
Although organizations invest heavily in Learning and Talent Development, most CEOs when interviewed complain about the shortage of learned managers, leaders, and skilled workforce. The capabilities of knowledge workers, not technology or capital, is often a key constraint for organizational growth. Research reveals that a number of managers consider employee performance to remain the same […]
5 Decision Support Tools for Strategic Decision Making
Do people always follow a rational linear process to come to a decision? Studies have suggested that a combination of Decision Making Models are used by people to reach quality decisions. Strategic Decision Making is a complex process with a lot riding on those decisions. Eliminating risk from Decision Making is unthinkable but radically enhancing […]
6 Mindset Traits of Great Problem Solvers
Problem Solving is a fundamental life skill indispensable for survival of an individual. It is honed in every person to varying degrees. It is especially a useful skill to embody Leadership Development. Problem Solving skill can be taught and learnt. MIT defines Problem Solving as: The process of identifying a problem, developing possible solution paths, […]
7 Principles of Management Education
Management is not a function nor a blend of functions. It is a practice best understood by means of experience that are set in context. All levels of education divide subject matter into definite categories, according to the means of creation of that knowledge, not by the manner in which it is used. This is […]
Best Practices Transfer Program: Its Significance in Driving Productivity and Becoming a Learning Organization
Most large organizations, nowadays, are determined to foster change and become agile. Transforming into a learning organization is what they aspire to become. To this end, they are reforming their structures, facilitating shared services operations, and enabling a streamlined core. The main role of the streamlined core is to enable knowledge transfer across departments and […]
3 Decision Making Models of Human Decision Making Process
How do people make decisions? Do they always follow a rational linear process to come to a conclusion? Studies have suggested that the traditional Decision Making model—commonly known as the Rational Decision Making Model—does not explain the whole ambit of Decision Making. People, including managers of organizations, arrive at decisions using a variety of routes. […]
Learning Organization: Leveraging Best Practices
Globalization and the resulting intense competition has forced the organizations to continually seek efficient ways to improve. They plan and undertake various initiatives to accomplish this. A potent method to drive revolutionary improvement in productivity and enhance the enterprise’s ability to become a “Learning Organization” is to implement a Best Practices Transfer program. Sharing business […]
M&A Turnaround Strategy
The impact of the global pandemic, volatile stock markets, and slowed economic outlook across the globe has hurt the performance of enterprises across the world. The scenario has forced leaders to consider undertaking Transformation of their strategy and operations significantly. The strategy to buy out troubled businesses and determining to fix the issues that upset […]
