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Becoming a Data-Driven Organization: What You Need to Know

Epicflow

At the same time, the talent component shouldn’t be left aside: data alone cannot lead companies to success without human expertise to use in an efficient way. . Apart from leveraging data for more efficient decision making, what other characteristics are peculiar to data-driven organizations? What should they focus on at this stage?

Data 96
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Change Management Is Becoming Increasingly Data-Driven. Companies Aren’t Ready

Harvard Business

Data science is becoming a reality for change management, and although it may not have arrived yet, it is time for organizations to get ready. The companies best positioned to change in the next decade will be the ones that set themselves up well now, by collecting the right kind of data and investing in their analytics capacity.

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Changing Company Culture Requires a Movement, Not a Mandate

Harvard Business

Innovation demands new behaviors from leaders and employees that are often antithetical to corporate cultures, which are historically focused on operational excellence and efficiency. But culture change can’t be achieved through top-down mandate. His leadership team began with a search for purpose. Frame the issue.

Culture 53
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5 Behaviors of Leaders Who Embrace Change

Harvard Business

And, the merger or acquisition won’t be the last change they are facing. CEB reports that the average organization has undergone five enterprise-wide changes in the past three years and 73% expect change to accelerate (URL: [link] ). They are shifts that need to be made at all levels of leadership.

Agile 53
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Health Systems Need to Completely Reassess How They Manage Costs

Harvard Business

An investor-owned hospital executive whose company had acquired major nonprofit health care enterprises compared the proliferation of contracts to the growth of barnacles on the bottom of a freighter. However, doing this with blanket eliminations of layers carries a risk: inadvertently pruning away the next generation of leadership talent.

System 37
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How to Become a Future-Ready Business - SPONSOR CONTENT FROM ACCENTURE STRATEGY

Harvard Business

Today, digital competitors are using new business models to win, attracting and retaining consumers by reimagining products and services to meet consumers’ changing needs. Market leadership requires companies to create distinctive insight about the consumers they serve, insight drawn from data that only consumers themselves can provide.

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Product Portfolio Management: What It Is and Why It Matters for Business Leaders

Epicflow

Efficient product portfolio management allows a company to be agile and respond to arising market demands. Uncertainty poses another threat to efficient product portfolio management. . Read more: Change Management Best Practices: Overcoming Pitfalls of Change Implementation .