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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Family businesses did especially well in riding the rising tide. Family businesses were the particular beneficiaries of three decades of favorable global economics. Propelled by fast growth in the emerging world, the share of family… The 21st Century Dilemma: Preparing the Next Generation for Succession
There are plenty of statistics indicating that a high number of change initiatives fail. Any organization can turn those statistics on their head by doing one thing; USING their measures. Not just creating them; using them. When you use… Using Measures to Get the Most out of Your Change Initiative
The typical approach to improving productivity focuses on assessing variance in quality, time, rate, service, or cost, around which management systems develop incrementally or revolutionarily. Organizational Health Index, on the contrary, focuses on improving performance… Managing Performance by Leveraging the Organizational Health Index (OHI)
Running a business is hard work. That’s why many small business owners seek professional advice from consulting firms. But just like any other type of company, running a business that provides consulting services is no… Six Tips Consultants Should Consider to Generate More Clients
Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0. The focus of Empowerment 4.0 is to help managers of managers… Boost Employee Engagement – Solutions That Work!
Most Product Managers have relatively narrow roles and decision rights on product portfolios are fragmented on various functions. This creates incoherence between a company’s product and its overall Corporate Strategy. What is needed is more… When Competition Starts with an S: Step-up Using the Strong-form Product Management Model
This is probably going to sound silly but indulge me for a couple of minutes. Whether you are interested in change adoption at an individual or at an organizational level, awareness is one of the first things,… Change Adoption Takes Awareness, and That’s Not Easy
Almost every retailer regardless of industry, be it apparel, grocery, or electronics has a list of products which do not have exact matches in the market. These items are unique like private labels or new… Mission Possible: The Right Prices for Similar Products or up to 30% of Your Assortment
Enterprise Asset Management (EAM) can bring significant benefits to our company. It can translate to cost savings, operational efficiency, increased asset reliability, longer asset life, and increased safety. Implementing EAM however is a highly complex… Getting Ready for Enterprise Asset Management (EAM) Implementation
Family Capital is a true differentiator between family-owned businesses and companies with a fragmented shareholder base. Family Capital expresses itself as the organization’s culture, ethos, and network. While hard measures liking it to performance are… The Key to Strengthening Family Business: The 4 Components of Family Capital
“One picture is worth a thousand words.” How can sponsors and change practitioners create a picture of sponsorship? The sponsor holds a critical role in every change initiative. There is ample research that shows the… What Does Your Sponsorship Curve Look Like?
Companies in asset-intensive industries have long sought to manage huge investments in assets more effectively. Yet, after a significant investment of time and money in formal asset management programs, this often falls short of delivering… Enterprise Asset Management (EAM) Strategy: The Road to Managing Huge Investments in Assets