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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Today’s business climate is characterized by rapid technological changes, evolving market demands, and unforeseen global challenges. As a result, Workforce Planning & Management has emerged as a critical strategic HR function. This discipline involves forecasting… KPI Management: Workforce Management KPIs
Michael Porter in the 1980s was a key proponent of Market-based Positioning view of achieving Strategic Competitive Advantage. However, with the advancement of technology, competition is becoming intense, work cultures are improving, and the workforce… Resource-Based View (RBV) and VRIN Framework
Talent Management encompasses a holistic approach to recruiting, developing, retaining, and promoting the most valuable asset of any organization—its people. This strategic function focuses on aligning individual goals and potential with the company’s long-term vision,… KPI Management: Talent Management KPIs
In today’s rapidly evolving work landscape, characterized by the rise of remote work, the gig economy, and other emerging trends, Compensation and Benefits have become more critical than ever in attracting, retaining, and motivating talent.… KPI Management: Compensation and Benefits KPIs
The trend towards becoming a Learning Organization reflects a strategic shift in how organizations view and invest in employee development. In today’s dynamic and competitive environment, organizations that continuously facilitate the learning and development of… KPI Management: Learning and Development (L&D) KPIs and Training KPIs
To quote Steve Jobs, “Great things in business are never done by one person. They’re done by a team of people.” Jobs, who built one of the most iconic companies (and up until January 2024,… KPI Management: Talent Acquisition and Recruiting
Increasingly so, Employee Engagement is recognized as a pivotal factor to the success of organizations. Engaged employees are more productive, provide better customer service, and are less likely to leave their jobs. The concept of… KPI Management: Employee Engagement KPIs
Popularized in the late 80s, Strategic Sourcing is one the most sure-fire ways of rapidly reducing costs across targeted procurement spend categories. Beyond mere cost reduction, strategic sourcing emphasizes building strong, collaborative relationships with key… KPI Management: Strategic Sourcing KPIs
Supply Chain Optimization focuses on enhancing the efficiency and effectiveness of the Supply Chain from end to end. It involves strategic planning, implementation of best practices, and the use of technology to streamline operations, reduce… KPI Management: Supply Chain Optimization KPIs
Supplier Relationship Management (SRM) has emerged as a strategic discipline that transcends traditional procurement practices by focusing on developing mutually beneficial relationships with suppliers. In an increasingly interconnected and volatile business environment, the ability to… KPI Management: Supplier Relationship Management (SRM) KPIs
Procurement, a critical function within the supply chain, encompasses the strategic approach to sourcing and purchasing goods and services that are essential for an organization’s operations. In today’s competitive business environment, effective Procurement Strategies are… KPI Management: Procurement KPIs
Inventory Management is a critical component of supply chain efficiency, directly impacting an organization’s ability to meet customer demand, manage costs, and navigate market volatility. Effective Inventory Management ensures that the right amount of stock… KPI Management: Inventory Management