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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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A recent report from AlixPartners posited a surprising finding in the field of Process Improvement Programs for manufacturers: Most companies engaged in Lean Management, Sigma Six, or another management philosophy are achieving a poor return… Continuous Improvement Initiatives: High ROI Delivery Through Guidelines Prescribed by Lean Experts
As the business and operating environment changes, there has been a greater demand for transparency and accountability as to the integrity of internal control. This has become very critical today as businesses drive to enhance… The COSO Framework: An Organization’s Guide to an Effective Internal Control System
Digital Transformations has set forth a change in leadership thinking, which is now changing the rules of competition. For several decades, Corporate Strategy Development has been founded upon the notion of Strategic Focus. In fact,… The Rules of Competition Are Changing – Advantages of a Pan-Industrial Strategy
The “Great Divide” as referred to by Peter Drucker is the perennial issue of disconnect between Demand and Supply side within organizations. Companies are trapped in a pattern of reacting to the whims of the… Solving the “Great Divide” – 5 Step Approach For Successful Supply Demand Integration
Survival of a business in this digital age largely depends on its ability to timely embrace Digital Transformation. Digital Transformation entails using Digital Technologies to streamline business processes, culture, and customer experiences. In order to… Digital Transformation 2.0: Creating the Next-Generation Learning Organization
We can call it the Digital Age, the Age of Automation, or the Post-COVID World, it doesn’t matter. All trends point to the same outcome — Workforce Digitization. Workforce Digitization and the powerful economics of automation… We’re in the Post-COVID World: Has Your Workforce Been Digitized?
Identifying what the market wants is a critical issue for most executives. Likewise, the decision on how much to charge for a product is also crucial for planners. This is where Market Research comes to… A Must-Have Tool for Market Research and Pricing Strategy: Conjoint Analysis
Editor’s Note: Grant Stanley is a seasoned Business Coach and a Sales & Marketing Expert with a 20+ year outstanding Sales and Marketing record. He is also an author on Flevy, where he has published… Effective Team Management Skills
The decision for pricing a product or service isn’t as simple as it seems. It is a key consideration for executives. Pricing way above the rival products risks not attracting the required customers while charging… Exploring Van Westendorp Price Sensitivity Meter (PSM)
Kearney’s 7th Annual Reshoring Index revealed a dramatic reversal of a five year trend, as domestic US manufacturing in 2019 commanded a significantly greater share versus the 14 Asian low-cost countries (LCCs), with manufacturing imports… Manufacturing Reshoring: Have You Included These 6 Key Considerations in Your Strategy?
Many Strategy frameworks are based on the premise: we can’t be everything to everyone. An organization that pursues too many strategies usually ends up stuck in the middle offering average products for average prices. Thus,… Revisiting a Strategy Classic, the Value Disciplines Model – How Are You Creating Value?
Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices to transform their businesses. They are changing customer interactions, internal business processes and even their business models to… Digital Transformation Governance: Key Principles to Catapult Your Digital Transformation Journey to Success