Frederick Funston, Stephen Wagner and Henry Ristuccia

Conventional risk management has focused on avoiding the risks to a business strategy, rather than understanding and managing the risks of the strategy itself. While the protection of existing assets is necessary, it is not sufficient for competitive advantage. Unfortunately, when risk is defined by an organization only as the failure to adequately protect existing assets and prevent loss (unrewarded risks), the rewards of reasoned, … [ Read more ]

Frederick Funston, Stephen Wagner and Henry Ristuccia

One of the greatest challenges for any enterprise is to discuss constructively how it might fail so that it can act to prevent such failure.

The Thought Leader Interview: Vineet Nayar

The CEO of HCL Technologies describes how he focused his company on growth by engaging staff in unprecedented ways.

Risk Intelligent Decision-Making

Conventional risk management has focused on avoiding the risks to a business strategy, rather than understanding and managing the risks of the strategy itself. While the protection of existing assets is necessary, a diet of pure risk aversion likely will lead to extinction.

More female MBAs, but little gains for equal pay

Women are heading to business school in larger numbers than ever before, and at younger ages to boot. But how much are women gaining from the degree?

What CEOs Do, and How They Can Do it Better

A CEO’s schedule is especially important to a firm’s financial success, which raises a few questions: What do they do all day? Can they be more efficient time managers? HBS professor Raffaella Sadun and colleagues set out to find some answers.

Richard Kleinert, Emily Stover DeRocco, Atanu Chaudhuri and Robert Maciejewski

High-performing companies align people management practices to the corporate culture (“cultural fit”) and to the business strategy and long-term objectives of the organization (“strategic fit”). This tight coupling of internal practices, culture and strategy remains unique for each organization and is difficult for competitors to imitate. While rivals can poach a few employees or can try to mimic some strategic moves, rarely will they be … [ Read more ]

Wise Counsel?

How to get your board back on track.

Flexible work models: How to bring sustainability to a 24/7 world

Research shows that many more employees would opt for flexible work models if the offerings better met their needs and if they saw visible success stories. For employers, the rewards can be huge: increased employee satisfaction, loyalty and retention. This Bain study investigates how to get this virtuous flywheel going.

Six Steps to Improving your Planning and Budgeting System

This paper explains how companies try to use the budgeting system to integrate everything, but that the different needs are incompatible, leading to companies having problems with their planning and budgeting systems. It goes on to suggest a series of actions to improve the planning and budgeting process.

Should Performance Reviews Be Fired?

“Performance reviews.” The words strike fear and dread in the hearts of employees everywhere. Their angst is understandable: Performance reviews typically are not done often enough and all too often are done poorly. Recently, however, the increasing number of knowledge-based companies and a new generation of employees are dramatically changing the performance review process.

Steve Joiner and Trevear Thomas

The crux of due diligence is the need to mitigate overall transaction risk through the identification , quantification and substantiation of value drivers or value inhibitors, and to recognize the differences, if any, between these and what was the basis of anticipated deal value at the beginning of the process.

For every transaction, one can define a transaction value matrix, which frames the key sources … [ Read more ]

The Right to Win

Business strategy is at an evolutionary crossroads. It’s time to resolve the long-standing tension between the inherent identity of your organization and the fleeting nature of your competitive advantage.

Global MBAs: Finding One that Fits the Bill

Whether you want to be an entrepreneur or a senior corporate manager, all budding business leaders will need a global grounding. Here’s what to look for in a global MBA program.

How Hot Is Your Next Innovation?

Choosing which innovative ideas to pursue is often an exercise in guesswork. But by using existing management tools in a new way, executives can effectively gauge an innovation’s potential along two crucial dimensions: Can it withstand market pressures from competitors? And can it deliver more economic value to customers than alternatives?

In this article for Harvard Business Review, Monitor partner Geoff Tuff outlines this distinctive approach: … [ Read more ]

David Harding and Hugh MacArthur

[In M&A] it’s essential to formulate a strong, well-articulated deal thesis in advance and to concentrate analysis on proving it from the bottom up. All deal theses should answer the question: “How will buying this business make my existing business more valuable?” If a potential transaction has strategic value, the assertion needs to be backed up with customer input, competitor insight, new industry data and … [ Read more ]

David Harding and Hugh MacArthur

Too many executives treat diligence as an audit to confirm what they think they know, rather than a solution to the problem of “I don’t know what I don’t know.”

Decision Effectiveness Quiz

Some decisions clearly stand out as important. But many organizations overlook a second category that can be equally significant: operating decisions that seem small but that are made and remade frequently and generate a lot of value over time. Most companies have a similar set of decisions made day in and day out by people close to the frontlines of the business.

These two short quizzes … [ Read more ]