Bersin Research recently stated that the #1 high impact talent practice gap at most companies isperformance management/coach. #3 is workforce planning (future talent gaps), and #4 wascompetency maintenance (understanding job capabilities). Is your company’s performance management meant to give feedback on the previous year, or to provide coaching and development for the future? If you did not answer…
Enterprise Resource Planning (ERP) systems are a comprehensive and complicated technology initiative implemented by companies in order to receive system-wide efficiencies by sharing common data across all business functions. These systems (Oracle and SAP are the largest 2) change the way people work/think/act by challenging the way they have previously done things. Employees are naturally…
A corporate strategy is what you are going to do…as well as what you are not going to do. Resources are scarce, and a leader must make decisions on trade-offs between competing priorities. In order to do this effectively, a leader must evaluate business unit performance in a systematic manner. Afterwards, one must adjust resource allocations (capital…
An executive survey found that strategy decisions were made when: 44% at regular planning cycle, 35% issues arise, 18% none, 3% don’t know (McKinsey). Executives need to: Increase the time spent regularly creating, reviewing and updating strategy; Consider both a) internal corporate aspirations, and b) directional changes required due to external global forces; Limit the…
The traditional geographic, national and time zone boundaries that created divisive silos are becoming smaller obstacles. Yet, this requires global Standard Operating Procedures (SOP’s) that account for regional dissimilarities. These accomplish: Compliance – protect your company and people Consistency – improve efficiency and mobility…as well as cut costs Capability – improve workforce performance Does your…
The average office worker spends 650 hours/year (28%) reading and writing emails. This results in about 41,400 words…or a 166 page novel. Wouldn’t it be better if this worker was writing in a company’s internal knowledge management / social media tool so that this time spent is not lost in an email inbox/ trash?The Democratic…
Case for Off-Shoring The Alliance for American Manufacturing equipped its Washington headquarters with US-made products only. The cheapest domestically manufactured microwave was $550, 10 times Walmart Asia’s offering at $55 (The National Journal). Case for Home-Shoring Oil prices are three times higher than they were in 2000, resulting in higher fuel costs for cargo ships….
The CIO role is increasing in business performance, as more and more business core competencies are dependent on the hardware and software utilized. Today’s CIO must stay up-to-date on technology differentiators, as the rate of change is only increasing.Here are 4 C’s your CIO must consider today:Cloud Mobile disruptions are the largest (10x PCs) Access…
I recently heard Gary Burnison, CEO of Korn/Ferry, as a conference keynote speaker. In his role, he consults with Fortune 500 CEO’s regularly. His aggregation and analysis of these CEO conversations includes:FOUR CORPORATE PRIORITIES1. Fight for growth and relevancy in a tough economy2. Hoard cash and reduce capital expenditures3. Innovate4. Ask more of the company,…
Chief Executive magazine identified that the CEOs of leading public companies (P&G, IBM, GE, 3M, Southwest Airlines) commit a higher priority to leadership development. This is in spite of more complex and distracting environments, as well as added pressures for short-term financial results. Some key findings: Hire on attitude; Install a systematic processes for leadership development;…