Stairway to digital excellence
Organizations that follow a progression of steps to achieve excellence in digital delivery may see improvements in effectiveness, productivity, and performance, as well as significant increases in speed.
Content: Article | Authors: Dan Gardner, Lauren McCoy, Moid Mohammed, Rishi Markenday, Santiago Comella-Dorda, Vik Sohoni | Source: McKinsey Quarterly | Subjects: IT / Technology / E-Business, Management, Organizational Behavior
Post-CrowdStrike, Six Questions to Test Your Company’s Operational Resilience
Companies unprepared for disasters put not only their competitive advantage but their very existence at risk. Hise Gibson and Anita Lynch break down what a company needs to build its operational resilience, starting with its people, processes, and technology.
Content: Article | Authors: Anita Lynch, Hise Gibson | Source: Harvard Business School (HBS) Working Knowledge | Subjects: IT / Technology / E-Business, Risk Management
Bots, algorithms, and the future of the finance function
Automation and artificial intelligence are poised to reshape the finance function. Knowing what to automate and managing the disruption can lead to a new era of productivity and performance.
Content: Article | Authors: Frank Plaschke, Ishaan Seth, Rob Whiteman | Source: McKinsey Quarterly | Subjects: Finance, IT / Technology / E-Business
Is Your ERP System Lean and Human-Centered?
Companies have reinvented their business models, IT architecture, and ways of working. So why are they taking an outdated—and largely unsuccessful—approach to ERP?
Content: Article | Authors: Albéric Noël, David Bishop, Johan Sadie, Kasem Asghar, Marc Schuuring, Remco Mol, Sherif Choudhry | Source: Boston Consulting Group (BCG) | Subject: IT / Technology / E-Business
Hyper-Personalization for Customer Engagement with Artificial Intelligence
Personalization based on customer attributes and behavior is a familiar concept among marketers, and artificial intelligence is making it increasingly effective. AI-based hyper-personalization employs both sophisticated methods and far more data than previous methods and is far more precise as a result. Thomas H. Davenport discusses the role of AI in personalization as well as the growing backlash against personalization fueled by data privacy concerns. … [ Read more ]
Content: Article | Author: Thomas H. Davenport | Source: Management and Business Review (MBR) | Subjects: Customer Related, IT / Technology / E-Business, Marketing / Sales
3 Visions of the Future of AI for Customer Engagement: 2027 Scenarios
Artificial intelligence (AI) is making deeper inroads into every aspect of business and society every day. By 2027, how will AI transform the future of customer engagement? Management and Business Review and the Association of National Advertisers’ (ANA) Global Chief Marketing Officer (CMO) Growth Council recently organized a forum to discuss three possible scenarios for the future – optimistic, pessimistic, and realistic.
Content: Article | Authors: Jerry Dischler, Jerry Wind, Margherita Pagani, Mukul Pandya | Source: Management and Business Review (MBR) | Subject: IT / Technology / E-Business
The algorithmic trade-off between accuracy and ethics
In The Ethical Algorithm, two University of Pennsylvania professors explain how social values such as fairness and privacy can be designed into machines.
Content: Article | Author: Theodore Kinni | Source: strategy+business | Subjects: Ethics, IT / Technology / E-Business, Organizational Behavior, Social Responsibility (ESG)
Managing the forces of fragmentation: How IT can balance local needs and global efficiency in a multipolar world
The forces of fragmentation require a new global IT architecture and operating model that is modular, standardized, and configurable to support local differentiation.
Content: Article | Authors: Andreas Kopper, Mathis Friesdorf, Oliver Bossert, Wolf Richter | Source: McKinsey Quarterly | Subject: IT / Technology / E-Business
Web3 beyond the hype
While buffeted by the recent market downturn and bankruptcies, digital assets and the technologies underlying them still have the potential to transform business models across sectors.
Content: Article | Authors: Anutosh Banerjee, Ian De Bode, Matt Higginson, Robert Byrne | Source: McKinsey Quarterly | Subject: IT / Technology / E-Business
Digital Operations: Autonomous Automation and the Smart Execution of Work
By digitizing operations, companies may replace manual work with increased automation, but they may also augment human work through smarter execution. Robert Boute and Jan Van Mieghem present a conceptual framework that distinguishes the different levels of digitization, automation, and intelligence. This framework can serve as an audit, helping companies to assess where they are now and where they could be in the future.
Content: Article | Authors: Jan A. Van Mieghem, Robert N. Boute | Source: Management and Business Review (MBR) | Subject: IT / Technology / E-Business
10 principles for modernizing your company’s technology
Today’s technology platforms are not just new versions of legacy systems. They allow you to design a completely new digital enterprise — as long as you follow these guidelines.
Content: Article | Authors: Leon Cooper, Milan Vyas | Source: strategy+business | Subject: IT / Technology / E-Business
How effective boards approach technology governance
As technology’s strategic importance to the business expands, management needs stronger board guidance. Four engagement models have proven useful.
Content: Article | Authors: Isabelle Tamburro, Sidney Li, Steve Van Kuiken, William Forrest | Source: McKinsey Quarterly | Subjects: Corporate Governance, IT / Technology / E-Business
How the Metaverse Will Remake Your Strategy
As digital technologies move to the next stage of advancement—the metaverse—there are two questions companies should ask: How will the metaverse change our business? And how can we get ahead of the change and shape it to our advantage? This is our perspective on both.
Content: Article | Authors: Alexey Timashkov, Christy Liu, Edwardo Sackey, Guy Gilliland, Rob Trollinger, Rony Abovitz, Sumit Banerjee | Source: Boston Consulting Group (BCG) | Subject: IT / Technology / E-Business
Can Blockchain Manage Trust in Organizations
David De Cremer and Yan Pang illuminate both the limitations and the potential of blockchain technology as the new currency of trust in organizational life. They have found that building trust within organizations requires leaving room for vulnerability, which makes blockchain unsuitable. For building trust between organizations, however, blockchain technology shows more promise because it acts as a regulatory middleman.
Content: Article | Authors: David De Cremer, Yan Pang | Source: Management and Business Review (MBR) | Subjects: IT / Technology / E-Business, Organizational Behavior, Trust
How Can Managers Use AI to Find the Right People?
Eight recommendations to help firms win the war for talent.
Content: Article | Authors: J. Stewart Black, Patrick van Esch | Source: INSEAD Knowledge | Subjects: Hiring, Human Resources, IT / Technology / E-Business
The Five Layers of the Modern Martech Stack
Martech stacks provide the tools organizations need to determine marketing success at every potential touchpoint.
A well-built stack increases marketing effectiveness and generates tangible value. A convoluted stack increases complexity. But what makes martech stack creation so difficult is that so many solutions are available and no one tool or platform can handle every marketer’s need.
The key is knowing what other marketing functions can be digitized … [ Read more ]
Content: Article | Author: Ritu Kapoor | Source: MarketingProfs | Subjects: IT / Technology / E-Business, Marketing / Sales
Introducing the Periodic Table of Community Strategy
Here are the most important considerations in online community strategy distilled into a quick reference visual – the Periodic Table of Community Strategy.
The table is structured around 10 categories: community strategy, community types, community management techniques, social media platforms, community platforms, community goals, community management roles, community membership roles, community governance, community checklists, and community member motivations.
Content: Article | Author: Michelle Goodall | Source: Guild | Subjects: IT / Technology / E-Business, Marketing / Sales
The Most Important KPIs to Track the Effectiveness of Your Email Marketing Strategy
For capturing and retaining customers, the importance of a successful email marketing strategy is paramount. In fact, 81% of small and midsize businesses (SMBs) rely on email marketing as their primary customer acquisition channel, and 80% for customer retention.
But to make the most out of your email marketing goals, you need to align them with those of your business. How can you do that, and … [ Read more ]
Content: Article | Author: Jo Bell | Source: MarketingProfs | Subjects: IT / Technology / E-Business, Marketing / Sales
Keep It Real: How to Not Over-Automate Email Sequences
Email automation was sent from Marketing Heaven. Without it, drip campaigns and email sequencing would be nigh impossible, no matter what you are trying to achieve with it. Whether you’re a marketer, a lead-nurturer, or a sales pitcher, you know the value of email automation.
However, you can have too much of a good thing. In your quest for an easier working day, the steady drip-drip-drip … [ Read more ]
Content: Article | Author: George Rowlands | Source: MarketingProfs | Subjects: Customer Related, IT / Technology / E-Business, Marketing / Sales
The Strategy-Analytics Revolution
It’s time to bring advanced analytics into the strategy room—here’s why.
Content: Article | Authors: Chris Mulligan, Nicholas Northcote, Sasha Vesuvala, Tido Röder | Source: McKinsey Quarterly | Subjects: IT / Technology / E-Business, Strategy