417 Posts found for Source: Ivey Business Journal

When it comes to promoting from within, the right individual might well get the job. But what about the demoralized managers who did not get the job and still others who, seeing no immediate opportunity to move up, decide to move on and out. This author suggests another way to promote, a way that will leave just about everyone feeling good.

Content: Article | Author: Shripad Pendse | Source: Ivey Business Journal | Subjects: Human Resources, Management, Organizational Behavior

Every executive team that I know struggles with getting the tension right between managing the running of the business, while changing the business. And every executive team I know generally spends far too much time and energy in running the business and not enough attention on changing the business.

Content: Quotation | Author: Brian Brittain | Source: Ivey Business Journal | Subject: Management

The greatest difference between entrepreneurs and corporate managers lies in the difference of a single belief about the future. Professional managers assume the future can be predicted; they create goals and plans and then attempt to control how things will unfold. The fundamental assumption, therefore, is that personal assumptions and learning happens primarily in the beginning of the process. Serial entrepreneurs, on … [ Read more ]

Content: Quotation | Author: Soren Kaplan | Source: Ivey Business Journal | Subjects: Entrepreneurship, Innovation, Management

Is it because people are not widgets, and out of respect for their free will and humanity it’s unfair or wrong to use the same logic for workforce decisions as we use for decisions about more inanimate objectives like inventories and machines? No. In fact, it’s arguably more unfair and disrespectful to employees and job applicants to make important decisions about where to invest in … [ Read more ]

Content: Quotation | Author: John Boudreau | Source: Ivey Business Journal | Subjects: Human Resources, Management, Trends / Analysis

Marketers habitually find it hard to quantify the value of what they do, and their use of social networks is the latest manifestation of this difficulty. Why is it so hard to determine the business value of social networks? This article explores the slippery slope of coming up with a useful ‘social media ROI’ and offers new ways to understand social networking’s value … [ Read more ]

Content: Article | Authors: Joseph Sexsmith, Robert Angel | Source: Ivey Business Journal | Subject: Marketing / Sales

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In the July/August 2010 issue of IBJ, these co-authors described the “caste system” and other secrets of venture capital (VC) firms in America. In this article, they summarize their interviews with VCs in Europe. While firms in Europe and America share similarities, the authors note that there are important differences that may explain why European VC firms perform poorly in comparison to those in America. … [ Read more ]

Content: Article | Authors: Hatim Tyabji, Vijay Sathe | Source: Ivey Business Journal | Subjects: Industry Specific, International, Venture Capital

A comprehensive look at the evidence will show, to the surprise of many, that the economic return to innovation is quite meager and that it has been progressively declining over time, as an extensive review of the literature has shown.

Content: Quotation | Author: Oded Shenkar | Source: Ivey Business Journal | Subject: Innovation

To cognitive scholars, the correspondence problem is the central scientific puzzle in imitation. This challenge of converting the imitation target into a copy that will preserve the favorable outcome observed in the original is as relevant for business as it is for the sciences, and no company can hope to become strategically agile without being able to decipher it. For instance, many firms copied General … [ Read more ]

Content: Quotation | Author: Oded Shenkar | Source: Ivey Business Journal | Subject: Best Practices

We now know that the shareholders and the financial industry won that battle for corporate control. In the business schools, the finance function emerged as top dog and the economists began to apply the teachings of their discipline to the firm via organizational economics (agency theory and transaction cost economics). The resulting shareholder value model of the firm has dominated for the last thirty years … [ Read more ]

Content: Quotation | Author: David K. Hurst | Source: Ivey Business Journal | Subjects: Economics, Finance, Leadership, MBA Related

Many companies have embraced open innovation, only to discover that it is not for them. In fact a good number of those companies are not right for open innovation, mainly because they lack the capabilities needed to promote and leverage collaboration – within the company and with external partners. These authors identify and describe three strategies for open innovation, and explain what an organization must … [ Read more ]

Content: Article | Authors: Barry Jaruzelski, Richard Holman | Source: Ivey Business Journal | Subject: Innovation

The most dangerous thing is not having the wrong answer, it is asking the wrong question.

Content: Quotation | Author: Peter F. Drucker | Source: Ivey Business Journal | Subjects: Decision Making, Trends / Analysis

When loyalty conflicts with honesty, when fairness conflicts with pragmatism, or when social responsibility conflicts with obligation to shareholders, people become conflicted. And when their actions are inconsistent with their values, they either experience guilt, anger and embarrassment. People try to minimize such cognitive dissonance by rationalizing or even denying their behavior, discounting the consequences of it or simply blaming others.

Content: Quotation | Authors: Gerard H. Seijts, Jeffrey Gandz, Mary Crossan | Source: Ivey Business Journal | Subjects: Organizational Behavior, Personality / Behavior, Values

The leader never lies to himself, especially about himself, knows his flaws as well as his assets, and deals with them directly. You are your own raw material. When you know what you consist of and what you want to make of it, then you can invent yourself.

Content: Quotation | Author: Warren Bennis | Source: Ivey Business Journal | Subjects: Leadership, Personal Development

Thinking in terms of time and attention will quickly start to change the way you think about products and services, customer behavior, even business models. This is the great frontier for innovation for the next decade, this author believes. Companies that master time and attention innovation will find lots of market traction. Readers will learn how to get that traction in this article.

Content: Article | Author: Adrian C. Ott | Source: Ivey Business Journal | Subjects: Innovation, Marketing / Sales, Strategy

The vast majority of participants in Hay Group’s recent global Best Companies for Leadership survey indicated that their organizations have become flatter and more matrixed. Individuals may be assigned to work on different project teams and report to multiple managers. The advantages can be huge — new innovations, increased sharing of information and better capacity to solve complex problems. And yet the more … [ Read more ]

Content: Quotation | Author: Rick Lash | Source: Ivey Business Journal | Subjects: Innovation, Organizational Behavior

Why has the development of collaborative leadership skills lagged the evolution of organizational structures? Organizations usually get the kind of behaviour they reward, and they have historically rewarded achievement-oriented leaders who drive short-term results. As a result, companies have ended up with leaders who excel at the achievement orientation, teamwork and organizational awareness competencies that are associated with strong functional leadership.

The problem is that … [ Read more ]

Content: Quotation | Author: Rick Lash | Source: Ivey Business Journal | Subjects: Leadership, Management, Organizational Behavior

In a dynamic environment, strategy is seen a means of choosing between the innumerable options a company has for developing products, customers, and business partners; it provides a lens for making tough decisions, but it does not create a compass pointing in one fixed direction.

Content: Quotation | Author: Stephen Wunker | Source: Ivey Business Journal | Subject: Strategy

Large corporations are outsourcing a wider variety of components and services, relying on smaller supplier firms. Large corporations are also placing greater decision-making responsibility on individual units within the firm, flattening the traditional hierarchical pyramid. The academic literature has begun to address these transformations. In the 21st century, we expect to see an increase in the importance of this subject, with more attention … [ Read more ]

Content: Article | Authors: David Conklin, Larry Tapp | Source: Ivey Business Journal | Subjects: Management, Organizational Behavior, Strategy

[Restructuring] allows senior management to cover up ineffective management activities by changing the structure of the company and to then terminate a group of employees without fear of wrongful dismissal lawsuits. This practice allows a company to cover up shortcomings and ultimately, unfairly, to pin the tails on the wrong donkeys.

Content: Quotation | Source: Ivey Business Journal | Subjects: Human Resources, Management, Reorganization