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The Transformative Power of AI in Business

Tom Spencer

For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior. These systems can suggest relevant products that customers are likely to enjoy.

Data 147
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How to Win Your Consulting Case Competition

Tom Spencer

For example, if a case is related to business, it is likely to involve questions about finance and accounting, strategy, and marketing. You might choose a finance major, a marketing major, and a sociology major. For example, you may want to define roles early on, such as team lead, notetaker, and source validation.

How To 88
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Accountability: Context and Boundaries of Cross Functional Work

Effective Managers

As most other processes within the organization, it all depends on how your organization works and whether you know how to implement it efficiently. For example, let us say that a person in the finance department has a quarterly report that is dependent on the operations department to gather information. Conflict soon ensues!

Finance 52
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How to Use Flow Metrics to See if Your Economies of Scale Offer Value, Part 3

Johanna Rothman

Flow Efficiency In How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1, I discussed how removing support staff for departments and managers created longer cycle times. Now, it's time for Economies of Scale and how that ties into resource efficiency thinking. See the Wikipedia article.

Metrics 63
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The Role of Consultants in an AI-Driven World

Tom Spencer

While AI will be able to perform many tasks more efficiently and accurately than humans, there are certain areas where machines will always fall short. For example, in a recent consulting engagement, I worked with a company that was struggling with low employee morale. One of the key areas in which we excel is emotional intelligence.

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

The Power of Project Management Software: Project Management software is engineered to assist teams in organizing, tracking, and completing projects efficiently. When to Use: Ideal for businesses aiming to enhance operational efficiency, manage multiple projects simultaneously, and foster team collaboration.

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How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1

Johanna Rothman

You know who that “overhead” is: the people who support the business, such as finance and HR. The musical chairs game focuses on resource efficiency. It disregards flow efficiency , management experience, and how the best managers support their teams. And, the managers. Unless you were female. I certainly noticed.)