Transforming risk efficiency and effectiveness

McKinsey

An enterprise-wide risk transformation can substantially improve risk management while also sustainably trimming costs. Risk Insights

Why corporate-center efficiency matters

McKinsey

The latest research points to new ways to help a center get more efficient. Getting the most out of a corporate center has never been so important or complex. Insights on Operations

Efficiency vs Fairness

Tom Spencer

On Thursday 23rd of June, the British people voted by a majority of 52% to 48% to leave the EU. This is a monumental event, and it is worth trying to piece together what happened, and what some of the implications might be. The voter turnout was strong with around 72% of voters casting a ballot. However, the results showed significant division within the UK, with different regions and demographics supporting different sides of the argument.

How to turn marketing efficiency into growth

McKinsey

At Western Union, fueling growth starts with taking a hard look at how effective current marketing programs are. Chief Strategy, Product and Marketing Officer Libby Chambers explains how it’s done. Our Insights

Why Highly Efficient Leaders Fail

Harvard Business

If focusing on your to-do list means you aren’t focusing on your employees, that’s a problem. Productivity Digital Article

Sustainable compliance: Seven steps toward effectiveness and efficiency

McKinsey

Banks do not control the demand for compliance, but they can optimize the effectiveness and efficiency of their response. Our Insights

Great Companies Obsess Over Productivity, Not Efficiency

Harvard Business

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin. When it comes to strategy, however, efficiency and productivity are very different. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth.

Building efficient IT organizations: Insights from our benchmarks

McKinsey

A focus on five high-level capabilities may help IT organizations reduce costs, improve productivity, and successfully pursue digital innovation. Our Insights

Using analytics to increase satisfaction, efficiency, and revenue in customer service

McKinsey

Payments providers that adopt advanced analytics to develop integrated approaches to customer service are seeing significant improvements. Insights on Financial Services

HR Metrics: How to Calculate Cost Per Hire

The Clever Consultant

Metrics HR Efficiency human resources Recruiting CostsCost Per Hire (CPH) is one of the most common HR metrics used to measure recruiting effectiveness.

Government Efficiency: State Dept Gives 75-Year Estimate to Release Clinton Aides’ Emails ‘Not Outlandish’

MishTalk

Some people raised eyebrows when in response to a freedom of information request the state department said it would take … Continue reading → Economics

How Managers Can Make Group Projects More Efficient

Harvard Business

We may have hit a saturation point when it comes to collaboration. Consider the following: Research out of the University of Pennsylvania’s Wharton School and the University of Virginia’s McIntire School of Commerce shows that time spent by managers and employees in collaborative activities has ballooned by 50% or more over the last two decades.

Technology That Improves the Customer Experience and Boosts Efficiency

1 to 1

Over the years, there have been quite a few technologies that have emerged that offer the double threat of strengthening the customer experience while improving operational efficiency. These include self-service tools, mobile field service applications, and systems used to support crowdservice forums. Add inContact''s new outbound predictive dialing system to the mix. There’s more… To read the rest of this blog posting click here or visit www.1to1Media.com/weblog.

How Companies Are Using Machine Learning to Get Faster and More Efficient

Harvard Business

Although machine-reengineering is new, companies are already seeing striking results with it, particularly in boosts to speed and efficiency. Workers can become more efficient and effective, which improves workflows as well as the bottom line.

Rolling Back Fuel Efficiency Is a Bad Deal for Everyone — Including U.S. Carmakers

Harvard Business

” Let’s explore the impacts of one of the most prominent examples of regulatory retrenchment in the works: the rollback of auto fuel efficiency standards. Department of Transportation review the previously agreed-to fuel efficiency marks. ” A weakening of efficiency standards may save the automakers some money in the short-run, and the press is certainly calling it a “victory” for the auto giants.

How to Win with Automation (Hint: It’s Not Chasing Efficiency)

Harvard Business

” So the key to winning in the era of automation, where robots do jobs formerly performed by humans, is not simply more efficiency, but to explore and identify how greater efficiency creates demand for new jobs to be done. In 1900, 30 million people in the United States were farmers. By 1990 that number had fallen to under 3 million even as the population more than tripled.

Consultant Ninja: Information Visualization Irony: Management.

Consultant Ninja

It lacks functionality and an efficient UI, and is overpriced." - Andy Holaday "Its a cascading hierarchy of awfulness, which almost makes it challenging to critique!" - Tim Wilson "But it’s not just the people with the purse strings who will buy something because its a) pretty, b) expensive and c) they’ve heard of it." - N Barrett. skip to main | skip to sidebar. Consultant Ninja.

The Art of the Transition

Strategy+Business

How to navigate from task to task with greater efficiency

The Art of the Transition

Strategy+Business

How to navigate from task to task with greater efficiency

Continuous Improvement for Nonprofits

The Nonprofit Consultant

In any economy, non-profits need to run efficiently. Tags: continuous improvement processes Nonprofit management efficiency From Guest Blogger: Brian Leitten. Mr. Leitten is an experienced non-profit leader and consultant, chief executive and attorney. He provides consulting services nationally to non-profit leaders from his office in Port Orange, Florida. He can be reached at Leitten Consulting - consulting.leitten.com.

Productivity transformation for US regional banks

McKinsey

Scale advantages are emerging for the largest US banks; their regional peers need to build highly efficient delivery models in order to compete. Insights on Financial Services

United Air Lines: Five Lines, Two Lines, No Lines?

The Crazy Lives of Consultants

And these lines tended to spill out across the terminal, blocking annoying-electric-carts and business-people-with-somewhere-to-go with equal efficiency. Although all airlines suck, you still have to pick one. So I picked United.

Spending reviews: A more powerful approach to ensuring value in public finances

McKinsey

Spending reviews have the potential to provide significant insight into budget allocations, enabling higher productivity and greater operational efficiency.

How governments in emerging economies can help boost and sustain growth

McKinsey

A focus on public-sector efficiency and competitive dynamics for companies are keys to outperformance. Public Sector Insights

The decoupling of GDP and energy growth: A CEO guide

McKinsey

Energy intensity is decreasing, renewables are gaining, and new efficiencies are on the way. Here’s how to build the resilience you need to navigate rapid change. Insights on Electric Power & Natural Gas

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How private equity is tackling operational complexity

McKinsey

General partners are improving their efficiency and scalability through digital and analytical tools. Insights on Private Equity & Principal Investors

Why the Construction Industry May Be Robot-Proof

Strategy+Business

There is something unique about building houses that inherently eschews efficiency and automation

Digitization, automation, and online testing: The future of pharma quality control

McKinsey

Emerging technologies can make quality control (QC) faster and more efficient. What do pharma companies need to do to become QC leaders? Insights on Pharmaceuticals & Medical Products

The Imperfect Job Market

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

The Labor Market Needs Visible Hands

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

Transforming IT infrastructure organizations using agile

McKinsey

Agile methods can be used to boost efficiency, speed, and quality. Traditional ways of managing IT infrastructure can impede the fast-paced delivery of digital solutions. Digital Insights

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How Much Does It Cost to Run a Small Business?

MBO Partners

Efficiently running an independent business involves significant time and effort. This infographic summarizes common tasks and solutions

The compliance function at an inflection point

McKinsey

McKinsey’s benchmarking survey of leading banks helped identify five steps toward transforming the efficiency and effectiveness of the compliance function. Risk Insights

MECE Framework: Case Interview Example

Management Consulted

The Mutually Exhaustive Collectively Exhaustive (MECE) framework is an important problem structuring principle that consultants use to organize data efficiently and comprehensively. In this article, we will cover how to utilize MECE in a case interview setting. To watch a video … Continue Reading. The post MECE Framework: Case Interview Example appeared first on Management Consulted. Case Interview case interviews consulting interviews

How to Spend Way Less Time on Email Every Day

Harvard Business

Research shows how to make messaging more efficient. Time management Digital Article

Capital project value improvement in the 21st century: Trillions of dollars in the offing

McKinsey

A holistic and practical approach can increase project value by making capital spending more efficient. Insights on Capital Projects & Infrastructure

What’s behind the pharmaceutical sector’s M&A push

McKinsey

There are lessons for other industries in the way pharma companies use mergers to innovate, work more efficiently, and bolster product portfolios. Strategy & Corporate Finance Insights

#10: Here's a Quick Way to Overcome Resistance to Change

Consulting Matters

Changes that impact workflow and organizational structure affect more than process efficiency and the bottom-line. Download Episode Transcript. One of the biggest lies we all believe in is that "It's nothing personal - it's just business."

Achieve Workforce Agility by Engaging Independent Contractors

MBO Partners

An increasing number of businesses are relying on independent professional talent to become more agile, increase supply chain control, and boost overall efficiency—here’s why

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Back Office Management for Independent Contractors

MBO Partners

How to manage your back office so your business runs efficiently and effectively