11 Posts found for Author: Jim Hemerling

In a complex, fast-changing world, leadership teams are facing challenges that are bigger than ever while trying to reach goals that are sometimes seemingly at odds. A super leadership team must: 

• Guide the organization’s transformation while ensuring near-term performance.
• Shift from being a group of individual “superheroes” championing their own domains to putting the enterprise first—sometimes at the expense of team members’ individual agendas.
• Recognize the necessary behaviors

… [ Read more ]

Content: Article | Authors: Brittany Heflin, Jennifer Thomas, Jim Hemerling, Megan Lindley | Source: Boston Consulting Group (BCG) | Subjects: Corporate Governance, Leadership

The initial 100 days are a time for boldness and clarity—a time when CEOs can express the purest form of their vision for the company.

• CEOs should create an integrated narrative that lays out their ambition as well as their plans for transformation, stakeholder management, talent assessment, and communications.
• In addition to laying out their ambition and plans, they also have an opportunity to step outside their

… [ Read more ]

Content: Article | Authors: Christine Barton, Jim Hemerling, Mrin Nayak, Tuukka Seppä | Source: Boston Consulting Group (BCG) | Subjects: Corporate Governance, Leadership, Management

Each [change] leader should be assessed for past performance, current readiness, and future potential across four dimensions: knowledge, soft skills, experience, and motivation and personality traits. Leaders also must have a foundation in adaptability and change leadership. A shortcoming in any one of these can be a warning sign.

However, the right leaders will fill roles in varying ways throughout the journey, from champion of the … [ Read more ]

Content: Quotation | Authors: Jim Hemerling, Lars Faeste, Martin Reeves, Perry Keenan | Source: Boston Consulting Group (BCG) | Subjects: Change Management, Leadership

As volatility and complexity rise, transformation has become an imperative for most companies, meaning fundamental changes to the strategy, operating model, organization, people, and processes. To transform, companies must take three steps: funding the journey, winning in the medium term, and establishing the right team, organization, and culture.

Content: Article | Authors: Jim Hemerling, Lars Faeste, Martin Reeves, Perry Keenan | Source: Boston Consulting Group (BCG) | Subjects: Change Management, Management, Strategy

BCG has developed an analytical framework—the Global Advantage Diamond—for assessing a company’s current market position and devising strategies to achieve global competitive advantage. The Global Advantage Diamond differs from previous global-strategy models in its focus on all four aspects of global advantage: market access to reach new markets and segments, resource access to maximize competitive advantage, local adaptation to meet the full range of needs … [ Read more ]

Content: Article | Authors: Arindam Bhattacharya, Bernd Waltermann, Jim Hemerling | Source: Boston Consulting Group (BCG) | Subjects: International, Strategy

Companies sourcing from China are reaping huge benefits but also encountering increasingly tough challenges, both internal and external. A recent BCG study reveals the nature of the challenges and summarizes ten key practices that separate the most effective China sourcing offices from their peers: defining a clear sourcing strategy; aligning the China sourcing organization with global procurement; enabling collaboration across regional and functional boundaries; integrating … [ Read more ]

Content: Article | Authors: David Lee, Jim Hemerling | Source: Boston Consulting Group (BCG) | Subject: International – China

Most of China’s 500 million consumers still shop at small markets and local department stores. These consumers, who are reaching threshold spending levels for many products, represent China’s fastest-growing market. Yet only a fraction of Western companies have explored the traditional trade beyond the largest cities, primarily because of distribution challenges. Of the various methods for dealing with distribution, active management of the wholesale channel–an … [ Read more ]

Content: Article | Authors: Alvin Lam, Hubert Hsu, Jim Hemerling | Source: Boston Consulting Group (BCG) | Subject: International – China

Low-cost-country outsourcing has become much more sophisticated, but that doesn’t mean outsourcing is the answer for every company. Not all products – and not all portions of a product’s supply chain-should be outsourced. Lasting competitive advantage requires a nuanced approach. You must consider internal costs and organizational processes in deciding what you send, where you send it, and how you operate. Even when outsourcing is … [ Read more ]

Content: Article | Authors: Hubert Hsu, Jim Hemerling, Jonathan Cowan, Katrina Helmkamp, Michael Zinser | Source: Boston Consulting Group (BCG) | Subject: Outsourcing / BPO

Many multinationals expanding into China’s inland cities become caught in a “value trap.” Mounting losses follow initial investments. Fragmented markets and immature distribution systems confront local managers. China experts Jim Hemerling and Hubert Hsu present options for avoiding this common pitfall including: a new business model grounded in cost reduction; a better perspective on China’s non-urban consumer; and the opportunities creative partnering with local companies … [ Read more ]

Content: Article | Authors: Hubert Hsu, Jim Hemerling | Source: Boston Consulting Group (BCG) | Subject: International – China

This report sets forth the organizational practices and design principles of companies that are operating successfully in rapidly developing economies, particularly China and India. Whether global companies are currently engaged in sourcing, manufacturing, selling, or conducting R&D in these markets-or, very often, doing all four-they are finding the task of organizing their activities there a significant challenge.

Content: Article | Authors: Arindam Bhattacharya, David C. Michael, Jim Hemerling, John Wong | Source: Boston Consulting Group (BCG) | Subjects: International, International – China

Globalization is on the CEO’s agenda at virtually every major company. The recent emergence of a set of rapidly developing economies (RDEs) as highly advantageous places to do business is dramatically reshaping the global economy, forcing executives to rethink their strategies, their operations, and their organizations. Underlying this new wave of globalization are five principal currents of activity that are combining with unprecedented force. [BNET … [ Read more ]

Content: Article | Authors: Dave Young, Jim Hemerling, Thomas Bradtke | Source: Boston Consulting Group (BCG) | Subject: International