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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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We are already living in the Age of Data. In fact, every organization operating today is essentially a data organization. However, only 1 in 12 are actually monetizing data to its full extent. Many organizations… It’s the Age of Data, Time to Incorporate a Data Monetization Strategy into Digital Transformation
Manufacturing today entails immediate yet informed decision making. However, with increasing levels of sophistication and production, senior leadership often has limited time to make optimum decisions pertaining to the number of unanticipated issues surfacing from… How to Utilize Internet of Things (IoT) System to Expedite Decison-Making in the Manufacturing Sector?
At its essence, management just seeks to answer 2 fundamental questions: Are we doing things right? Are we doing the right things? The first question is addressed through Operational Management. Operational Management frameworks include Total… How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?
Artificial Intelligence (AI) enabled organizations are an emerging reality. Transformation towards an AI-enabled organization requires the management to adopt “Change Management” and also adapt their Organizational Leadership styles in accordance with it in order to… To Take Advantage of Artificial Intelligence, We Need an AI Enabled Workforce
Changing industry ecosystems and competition today demand from the organizations to undergo strategic shifts. The purpose of a company is undergoing Business Transformation from serving the interest of shareholders to serving all stakeholders that influence… Shareholder Value Traps: How to Avoid Them and Create Value for Your Organization
In the wake of global pandemics when meeting face to face is not possible, it’s about facilitating workshops digitally, designing a formal agenda, and utilizing digital tools to ensure a productive virtual meeting. Digital Collaboration… Digital Facilitation – Learn to Embrace the Future of Work Environments
Large manufacturers are often reluctant to share knowledge with suppliers. However, supplier networks are considered a great source of gaining competitive edge by Learning Organizations. A Learning Organization is founded on innovation, free flow of… Learning Organization – Gaining Competitive Advantage through Supplier Networks
Financial crisis, adverse supply shock, technological disruption, or natural hazards and disasters significantly affect global businesses. Recessions caused by these global incidents and problems have serious outcomes on commodity prices, stock markets, economies, and even… A Robust Approach to Downturn Management and Transformation
It’s the Age of the Customer. In this day and age, becoming a Customer-centric Organization is no longer just a differentiator–it is a necessity. Customers are now more demanding. Their expectations are higher. In fact,… How Do We Create a Customer-centric Culture?
Cost-based Pricing is fast becoming a relic of the past and being substituted by the concept of Target Costing. Target Costing is referred to as an organized process to determine the cost at which a… Target Costing: An Effective Approach to Pricing Products
Price wars have broken out in consumer industries around the world. In fact, retailers such as ALDI, Amazon, and Walmart have used price to position themselves against traditional competitors in the market, pinching margins all… Pricing Perception: Is Reducing The Price The Best Decision?
“When it comes to communicating, the CIO is both a storyteller and educator.” Chris Manriquez, VP for IT and CIO, California State University, Dominguez Hills. CIOs must be both a storyteller and an educator. Aside… Effective Communication 101 for CIOs