Mike Jakeman
We … tend to regulate to prevent a repeat of the previous crisis rather than look in an unbiased manner at points of future vulnerability.
Content: Quotation | Author: Mike Jakeman | Source: strategy+business | Subjects: Economics, Risk Management
Mike Jakeman
For the economy to grow, we need banks to accept the risk of lending, but we also need them to take the right amount of risk. Too little, and no one can borrow. Too much, and the system blows up. The rub: figuring out what that right amount is. Doing so has proven extremely difficult, even as the increasingly necessary role that banks perform has … [ Read more ]
Content: Quotation | Author: Mike Jakeman | Source: strategy+business | Subject: Economics
Ten questions for a winning climate-transition business strategy
The move to a low-carbon economy will create opportunities for innovation and growth. To make the most of them, leaders must understand the challenges they could face along the way.
Content: Article | Author: George Serafeim | Source: strategy+business | Subjects: Social Responsibility (ESG), Strategy
Miles Everson, John Sviokla, Kelly Barnes
The Corporate Gini Index is a barometer of a competitive landscape. In other words, it measures the strength of the all-or-nothing force in an industry. The higher an industry’s index score, the more dominant a few players are within it.
In those industries in which digitization has had the greatest effect, the Gini Index tends to be high. The correlation is related to the widely observed … [ Read more ]
Content: Quotation | Authors: John Sviokla, Kelly Barnes, Miles Everson | Source: strategy+business | Subject: Economics
From stagnation to innovation: Make business model reinvention real
A practical guide for reimagining how your company creates, delivers, and captures value.
Content: Article | Authors: Matthew Duffey, Venky Jayaraman, Veronique Roos-Emonds | Source: strategy+business | Subjects: Business Model, Strategy
Natarajan Chandrasekaran
We need to recognize that business is all about data-centricity right now. This represents a change in the way most businesspeople think about operations. For the past 30 or 40 years, we have all been focused on process reengineering. Every management consultant wrote a book on process engineering. Now, as I tell people in our companies, process maturity is no longer your day job. If … [ Read more ]
Content: Quotation | Author: Natarajan Chandrasekaran | Source: strategy+business | Subjects: IT / Technology / E-Business, Operations
Roger Martin
The truth about culture is that the only way you can change it is by changing the way individuals work with one another. If you can change that, then you will find the culture has changed.
Content: Quotation | Author: Roger L. Martin | Source: strategy+business | Subjects: Culture, Organizational Behavior
The big power of small goals
Employees who are disciplined about setting daily goals not only accomplish more but also feel better about their work. Here are three ways that managers can make daily goal-setting a habit.
Content: Article | Author: Nele Van Buggenhout | Source: strategy+business | Subjects: Human Resources, Management, Organizational Behavior, Personal Development, Training & Development
Adam Bryant, Kevin Sharer
The strategy, purpose, and values discussions—what Kevin Sharer, the former CEO of Amgen, calls a company’s “social architecture”—have often felt like separate exercises, but they now need to work in concert. “If you don’t have a social architecture that’s solid, well-accepted, and can be operationalized against the most important decisions you make, that’s leadership’s fault,” said Sharer.
Content: Quotation | Authors: Adam Bryant, Kevin Sharer | Source: strategy+business | Subjects: Decision Making, Goals, Leadership, Management, Organizational Behavior, Strategy, Values
Meet the four forces shaping your workforce strategy
Specialization. Scarcity. Rivalry. Humanity. Companies that understand—and harness—these forces will have an edge in creating vibrant workforces capable of achieving sustained, positive outcomes.
Content: Article | Authors: Bhushan Sethi, Blair Sheppard, Nicole Wakefield | Source: strategy+business | Subject: Human Resources
The smart moves your supply chain needs now
To navigate global supply shocks, companies must build resiliency while repositioning for growth.
Content: Article | Authors: Brian Houck, Harald Dutzler, John Livingstone | Source: strategy+business | Subject: Operations
Linking executive pay to ESG goals
Public pressure and changing norms are paving the way for business leaders to be paid based on a new set of criteria.
Content: Article | Authors: Lawrence Harris, Phillippa O’Connor, Tom Gosling | Source: strategy+business | Subject: Social Responsibility (ESG)
Pia Lauritzen
The key to changing the culture of an organization is not to tell people what to do, but to make it easy for them to ask the questions that make them consider their current behavior. Only by making room for their colleagues, employees, and other stakeholders to ask their own questions and activate their own experience and insights can leaders ensure that people’s buy-in to … [ Read more ]
Content: Quotation | Author: Pia Lauritzen | Source: strategy+business | Subjects: Culture, Organizational Behavior
Sally Helgesen
Overconfidence should actually be viewed as a warning sign that someone will turn out to be a poor leader — immune to feedback, resistant to change, and unlikely to consult others when making key decisions.
Content: Quotation | Author: Sally Helgesen | Source: strategy+business | Subjects: Human Resources, Leadership, Organizational Behavior
Sally Helgesen
Studies confirm that both men and women tend to equate confidence with competence because they assume that those who do not question their own ability and who view themselves as destined for greatness must have good reason for doing so. In fact, inept individuals tend to be less accurate in evaluating their own talents for the simple reason that they lack the expertise to know … [ Read more ]
Content: Quotation | Author: Sally Helgesen | Source: strategy+business | Subject: Organizational Behavior
Can you master the inner game of leadership?
Conflicting demands and challenges must be managed. Here’s how to do it.
Content: Article | Authors: Adam Bryant, Kevin Sharer | Source: strategy+business | Subject: Leadership
Creating the office of the future
In a remodeled world, it is vital for companies to reinvent ways of working.
Content: Article | Authors: Deniz Caglar, Edward Faccio, Erika Ryback | Source: strategy+business | Subjects: Human Resources, Management, Organizational Behavior
Mariana Mazzucato
Dysfunctions … occur when we don’t debate value — when [value is] just presented as “this is how the economy works.” So it becomes very easy for some actors in the economy to present themselves as value creators, and in the process extract value, because the difference — what’s value creation, what’s value extraction — is no longer part of the way we think about … [ Read more ]
Content: Quotation | Author: Mariana Mazzucato | Source: strategy+business | Subject: Economics
Mariana Mazzucato
The twin problems I see in modern-day capitalism are the fact that the financial sector is financing itself and industry itself has become financialized, obsessed with short-term quarterly returns. To change that system, you need to debunk the pillars on which those behaviors are based. The problem with the maximization of shareholder value approach is that it has dismissed the role of other actors in … [ Read more ]
Content: Quotation | Author: Mariana Mazzucato | Source: strategy+business | Subjects: Capitalism, Economics
Mariana Mazzucato
Value in capitalism has fundamentally been created collectively through different types of actors coming together to solve problems. Workers have contributed. The state has contributed. Of course managers and people on the ground have contributed, but we need a body of thought within economics that really captures that collective value creation.
Maximization of shareholder value is a very narrow approach to understanding value. Indeed, it is … [ Read more ]
Content: Quotation | Author: Mariana Mazzucato | Source: strategy+business | Subjects: Capitalism, Economics