417 Posts found for Source: Ivey Business Journal

When making a decision, two heads can be better than one, but two – or even more – perspectives are definitely better than one, especially in today’s dynamic and widely different global markets. These authors call it ensemble decision making and they describe four patterns and three steps for making it work.

Content: Article | Authors: Claudy Jules, Joshua B. Bellin, Nandani Lynton, Robert J. Thomas | Source: Ivey Business Journal | Subjects: International, Management, Organizational Behavior

Maybe it’s time to have a look behind the generally accepted rules for successful, sustained performance. As readers will learn, and as these authors write, the rules that really drive companies to superior performance are quite different than what many of us have been led to believe.

Editor’s Note: an especially good read for the authors’ critical look at the flaws of most popular business … [ Read more ]

Content: Article | Authors: Michael E. Raynor, Mumtaz Ahmed | Source: Ivey Business Journal | Subjects: Best Practices, Management

When it comes to selecting and assessing CEOs, other C-suite level executives or board members, the most important criteria for boards to consider are competencies, commitment and character. This article focuses on the most difficult of these criteria to assess – leadership character – and suggests the eleven key dimensions of character that directors should consider in their governance roles.

Content: Article | Authors: Gerard H. Seijts, Jeffrey Gandz, Mark Reno, Mary Crossan | Source: Ivey Business Journal | Subjects: Corporate Governance, Human Resources, Leadership, Organizational Behavior

It seems that almost every organization is on the “big data” bandwagon. But, as this author writes, rallying around the newest, new thing is one thing. Understanding what big data is and how it can move your organization forward to lead the pack is quite another.

Content: Article | Author: Peter Bell | Source: Ivey Business Journal | Subject: IT / Technology / E-Business

Any business today, whether a sole proprietorship or a multi-national, needs to build relationships. Which is why knowing how to leverage the value that social networks can contribute to establishing and sustaining relationships is crucial. This author offers several key suggestions for doing so effectively.

Content: Article | Author: Harold Schroeder | Source: Ivey Business Journal | Subjects: Management, Organizational Behavior

When properly planned and thoughtfully executed, CEO succession offers a company far more than just the transitioning of its top leader. It enables organizations to envision new opportunities for growth, and realign and strengthen processes and systems throughout the enterprise. Readers will learn how to manage the succession process to achieve the best possible outcomes.

Content: Article | Author: Thomas J. Saporito | Source: Ivey Business Journal | Subject: Corporate Governance

In most cases it takes good people to grow a business, and for an entrepreneur, this means delegating and trusting others to deliver the results that will grow the firm. Hiring the right people, engaging them in the pursuit of their dreams and giving meaning to the employees who are building the business requires different skills than those needed to launch a business. Readers will … [ Read more ]

Content: Article | Author: Edward Hess | Source: Ivey Business Journal | Subject: Entrepreneurship

As these authors write, “Analytics does not have to be a whip used to increase the stroke count associated with extracting more from individuals. Rather, it can provide the opportunity to build a more effective, empowered and engaged workforce that increases the value of the larger organization.” They identify and describe six steps for achieving this in the article that follows.

Content: Article | Authors: Carl Hoffman, Eric Lesser | Source: Ivey Business Journal | Subjects: Human Resources, Management, Organizational Behavior

Companies that effectively create and implement big data strategies stand to gain a competitive advantage.

Content: Article | Authors: Bala Iyer, Dan Vesset, Salvatore Parise | Source: Ivey Business Journal | Subjects: IT / Technology / E-Business, Management, Strategy

One-liners are very short statements that purport to capture the essence of a situation. At their best, they can bring clarity and precision to complexity and confusion. They can also focus decision-making. The knock on them is that they can oversimplify and create only an illusion of an understanding. Regardless, one-liners are part of every executive’s world. Here are 15 of the … [ Read more ]

Content: Article | Author: John McCallum | Source: Ivey Business Journal | Subjects: Leadership, Management, Organizational Behavior

When a product that has been in development for one year can be copied and brought to market in days, first mover advantage has lost its…well, advantage. Once stigmatized, imitation is now acceptable. In fact, this author says that to stay in the game and not fall behind, firms must imitate. In this article, he describes why imitation is as valuable as innovation, and why … [ Read more ]

Content: Article | Author: Oded Shenkar | Source: Ivey Business Journal | Subjects: Innovation, Management, Strategy

This management thinker and author writes that “the central challenge in the Western World now is not to make existing organizations more efficient and to allocate resources. That struggle has moved to the East. The challenge here is to reinvent our economies, to innovate and create wealth.” Readers will learn which tactics and tools they can use to achieve these extremely important goals.

Content: Article | Author: David K. Hurst | Source: Ivey Business Journal | Subjects: Leadership, Management

Ansoff’s Matrix, Porter’s Five Forces competitive analyses and Drucker’s Management By Objectives are 3 of the best known and most frequently applied management concepts. But are these vaunted concepts, incubated and given meaning in a relatively calm and predictable economic environment, valid in today’s much harsher and turbulent climate. Readers will find the answer in this article.

Content: Article | Author: M.S.S. el Namaki | Source: Ivey Business Journal | Subject: Management

As Guy Claxton, author of the book Live and Learn noted, one of the biggest barriers to learning is our resistance to let go of the 4C’s–the desire to be consistent, comfortable, competent and confident. We add a fifth to the list–the desire for control. Protecting and preserving these five C’s is a huge barrier to individual growth and development.

Content: Quotation | Source: Ivey Business Journal | Subjects: Education, Learning, Organizational Behavior, Personal Development, Personality / Behavior

Just as a company should always be inventing new concepts, products and services, it should also be inventing the customer of the future. Company leaders who play it safe ask themselves, “What do we know how to make?” Company leaders who are a little bolder ask, “What does the customer demand right now?” And the most successful innovators of all ask, “What will the customer … [ Read more ]

Content: Quotation | Source: Ivey Business Journal | Subjects: Customer Related, Innovation

In the first few months of a business, an entrepreneur is likely to face challenges that, if not managed properly, may well sabotage the new venture. Imagine the confidence of that entrepreneur, however, if he or she could have the advice of others who have already met those challenges on the road to their own success. Readers and would-be entrepreneurs will find that advice in … [ Read more ]

Content: Article | Author: Dennis Fortnum | Source: Ivey Business Journal | Subject: Entrepreneurship

Many established global companies discount the need to innovate when competing in emerging markets. After all, innovation is expensive and risky. So, how can it make sense to spend heavily on an innovation for a market in which customers have so little money? Readers will find out just why it does make a lot of sense.

Content: Article | Author: Chris Trimble | Source: Ivey Business Journal | Subjects: Innovation, International

While lying in the workplace is prevalent, it simply doesn’t work, according to this author, who has conducted several studies on the the topic. In fact, the greatest risk is in turning a blind eye and making dishonesty acceptable. As the author writes, the potential damage unleashed by an ethically permissive workplace may far exceed the lost labor of an employee taking a short nap … [ Read more ]

Content: Article | Author: John Carlson | Source: Ivey Business Journal | Subject: Organizational Behavior

The sum of virtues, values and traits equals good character, which, in addition to competence and commitment, is one of the 3 ingredients that make a leader effective and respected. For many, however, virtues, values and traits remain indefinable, even elusive. These authors not only define them, they also de-construct them, in the process demonstrating how character fuels people in their personal journeys to become … [ Read more ]

Content: Article | Authors: Gerard H. Seijts, Jeffrey Gandz, Mary Crossan | Source: Ivey Business Journal | Subject: Leadership

Management can be defined as a way of achieving goals that add the most value. It’s about being sufficiently organized to identify the right goals and the best means for achieving them. Prioritizing means deciding which activities are most likely to achieve a specific goal and which tasks are the most urgent or important. Management is thus like investing, a process of allocating resources to … [ Read more ]

Content: Quotation | Author: Mitch McCrimmon, Ph.D. | Source: Ivey Business Journal | Subject: Management