Strategic Planning and Management Insights

MARCH 6, 2023

For instance, in Marketing, data is being used to calculate ROI on marketing campaigns, or come up with new pricing strategies based on A/B testing of campaigns which helps marketing and managers bring in more revenue, and stay ahead of the competition. However, it's crucial to have a consistent and efficient method for tracking progress.

Report 98

Report Data Strategy Strategy 98

Johanna Rothman

MARCH 18, 2024

That's why Part 1 of this series discusses your value and what managers want and need. That part discusses why managers see agile coaches and Scrum Masters as staff positions, not line jobs. For example, if your entire team mobs/ensembles every day, every member of your team probably has both kinds of expertise.

Agile 81

Agile How To Metrics Productivity 81

Epicflow

SEPTEMBER 19, 2022

Do you know your organization’s project management maturity level? If not, it’s high time to change the situation: project management maturity has a direct impact on a company’s competitiveness and business success. . What is project management maturity exactly, and how to define its level?

Management 52

Management Metrics Efficiency Resources 52

Johanna Rothman

MARCH 30, 2020

Are you a manager accustomed to Management by Walking Around and Listening (MBWAL) ? You have an opportunity to work differently as a manager. See the Flow Efficiency series.) As a manager, you can ask teams to collaborate. Here are some examples: Demos, even of partially working product.

Management 92

Management Agile Metrics Video 92

Tom Spencer

MAY 18, 2015

Nigel is the author of The Long Term Starts Tomorrow , a must have book “for any manager, leader or Minister.” Tom: Do you think that short term financial metrics are part of the problem in developing long term strategy? Nokia is a very good example of a company [that was dominated by this kind of myopia].

Metrics 60

Metrics Financial Cash Flow Process Improvement 60

Johanna Rothman

MARCH 30, 2020

Are you a manager accustomed to Management by Walking Around and Listening (MBWAL) ? You have an opportunity to work differently as a manager. See the Flow Efficiency series.) As a manager, you can ask teams to collaborate. Here are some examples: Demos, even of partially working product.

Management 52

Management Agile Metrics Video 52

Asamby Consulting

JANUARY 20, 2022

The goal trap for small businesses Small businesses realize as they grow that they need goals and goal setting to manage their company but often fail to adopt them. Goal setting refers to how these goals are defined, tracked and managed. These goals can be tracked through metrics that gives continuous feedback such as OKR, MBO, etc.

Small Business 52

Small Business Metrics Video Sales 52

Harvard Business

SEPTEMBER 23, 2016

Many business leaders are fond of the spurious Peter Drucker quote that “you can’t manage what you can’t measure.” While effective metrics are essential for focusing attention and achieving results, they can also overpower better sense. But these metrics can become tyrants.

Metrics 28

Metrics Retail Sales Automotive 28

Johanna Rothman

FEBRUARY 18, 2022

The managers want to know when the teams will finish certain features in the short term.). The managers promised certain customers/the market/investors certain deliverables.). And, they want metrics. See Schedule Game #11: The Schedule Tool is Always Right as an example.). How can they plan for six months at a time?

Tools 110

Tools Agile Metrics Data 110

Kates Kesler

APRIL 7, 2022

Agility” is the management word of the decade for sure. HR leaders are often asked: Where should work be managed in the organization? Efficiencies are lost in the cost of overhead. Translating content into local languages or adhering to local regulations are some classic examples. An Example.

Agile 65

Agile Enterprise Metrics Talent 65

Harvard Business

APRIL 5, 2017

However, firms can efficiently increase margin growth without much revenue growth by managing to squeeze out their fixed costs to service the same level of output. So this measure may mislabel efficient companies as myopic. Incentivizing managers for growth routinely leads to expansion through overvalued acquisitions.

Metrics 28

Metrics Study Cash Flow McKinsey 28

LSA Global

MAY 23, 2022

If you are a manager who is constantly besieged by questions and pleas for help or advice from your direct reports, we feel your pain. What Needs to Change to Empower Team Decision Making Beyond establishing a culture of practicing what we call attention management, you need to coach and empower your team to take on more decisions.

How To 36

How To Training Training Culture 36

Kates Kesler

JULY 17, 2016

We see 10 common pitfalls to avoid or manage for effective project outcomes: Pitfalls. 5. Structure solution only. • Changes do not stick as processes, metrics, and reward mechanisms still reinforce old ways of work. • Sub-optimized results as employees struggle to deliver on new expectations. Consequence.

Metrics 50

Metrics Enterprise Resources Efficiency 50

Harvard Business

OCTOBER 23, 2017

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. Although predictive models for change management are still a ways off, organizations can get themselves on the right path by adopting the right tools and capturing the right data.

Change Management 28

Change Management Data Company Management 28

Asamby Consulting

JANUARY 6, 2022

It streamlines these processes and makes searching for viable candidates much more efficient. Talk to the manager of the team that needs new talents and the person in charge of recruiting to specify the qualifications and requirements of the ideal candidate. Use a formalized onboarding plan. You can unsubscribe at any time.

Recruiting 52

Recruiting Recruitment How To Advertising 52

Management Consulted

NOVEMBER 20, 2013

In their purest form, brainteasers are uncommon in management consulting interviews , but we include them for 2 reasons. However, in business, decisions can be effectively and efficiently made based on near-perfect data/calculations. Here are some sample brainteaser questions: How many golf balls can fit in a football stadium?

Case Interview 236

Case Interview Interviews Study Cover Letters 236

Tom Spencer

AUGUST 15, 2020

For example, if the CMO of a company knows that sales will go up $10m for every $1m he spends on a particular advertising campaign, he can quickly determine if additional advertising investment makes economic sense. Often, some combination of the two methods is the most efficient. Both methods are sound, and both have their place.

Marketing 88

Marketing Advertising Sales Media 88

Harvard Business

APRIL 6, 2016

Not long ago, a manager asked me to name the most important work-life benefit for employees. Too many managers resort to measuring face time instead of actual work performance, but they rarely admit it. When managers do so, they free employees to arrange their work lives so that they can be the most effective.

Management 28

Management Metrics How To Construction 28

Harvard Business

APRIL 13, 2017

When I read the piece, it reminded me of a question executives often ask me when I talk to them about the benefits of behavioral economics or give them examples of how they could use it in their own organizations: “Aren’t you afraid it will be used with ill intent?” The result? The implication?

Efficiency 50

Efficiency Airlines Study Operations 50

Harvard Business

JULY 19, 2018

One of the biggest challenges facing management scientists has been the struggle to produce knowledge that is both academically rigorous and applicable to practicing managers. In an Academy of Management Journal editorial, we described two problems that contribute to this challenge. spiderstock/Getty Images.

Research 31

Research Journal Metrics Ethics 31

Harvard Business

OCTOBER 10, 2017

Precision made it easy for managers to oversee their employees. Every spot on every line was visible to managers. Every step of the process was measured, and real-time metrics were easily accessible. A great salesperson will operate much more efficiently with a defined process for reaching out to prospects.

Metrics 33

Metrics Engineering Operations Sales 33

Harvard Business

NOVEMBER 29, 2018

A core challenge of management is to ensure that the organization’s priorities, strategies, and metrics are consistently embraced and that any impediments are identified and addressed quickly. Metrics that are reported daily, such as “units at capacity.” CAPTION TEXT HERE/Getty Images.

System 30

System Healthcare Metrics Operations 30

Harvard Business

JUNE 16, 2017

Managing HR-related data is critical to any organization’s success. On the “push” side, HR leaders can do a better job of presenting human capital metrics to the rest of the organization using the LAMP framework: Logic. Vincent Tsui for HBR. And yet progress in HR analytics has been glacially slow.

Metrics 31

Metrics Analysis Data Talent 31

Harvard Business

JANUARY 2, 2018

Later, marketers found themselves working backward to connect their social strategy to business strategy, as managers demanded greater proof of ROI. For example, research has found that 93% of Pinterest users plan purchases on the platform and 87% have made a purchase after seeing a product they liked.

Media 34

Media ROI Company Metrics 34

Harvard Business

DECEMBER 7, 2017

All investment practices will consider environmental, social, and governance (ESG) metrics because some of those metrics are financially material, meaning decision-useful pieces of information. In both cases, social and environmental metrics matter for the business’s financial success.

Chemicals 28

Chemicals Industry Metrics Financial 28

Harvard Business

JUNE 28, 2017

Fung gives a simple example: the size of the subscribe button on your website. In this case, let’s say your metric is the number of visitors who click on the button. For example, it may be that those on a mobile device are more likely to click on a certain size button, while those on desktop are drawn to a different size. .”

Metrics 28

Metrics Software Data Examples 28

Harvard Business

AUGUST 24, 2016

For all the emphasis placed on customer relationships these days, very few large organizations really understand how to manage them. This isn’t the fault of the technology or the CTO, who usually manages it. Relationships aren’t numbers, though, and CRM isn’t an efficiency tool.

Metrics 28

Metrics Software Sales Tools 28

Johanna Rothman

JANUARY 31, 2024

In Effective Agility Requires Cultural Changes: Part 1 , I said that real agile approaches require cultural change to focus on flow efficiency, where we focus on watching the work, not the people. See Flow Metrics and Why They Matter to Teams and Managers for more information. You can use the flow metrics, too.

Agile 70

Agile Metrics Efficiency Culture 70

Harvard Business

AUGUST 3, 2018

This example illustrates that investors consider information beyond just earnings as value-relevant. The level and trend of a company’s top-line metric is an advance indicator of the success of its business model. Many of these metrics are disclosed in Facebook’s financial statements. What caused this slump?

Financial 28

Financial Report Company Metrics 28

Harvard Business

SEPTEMBER 19, 2018

To date, 19 CEOs of S&P 500 companies — such as Becton Dickinson, AETNA, 3M, PG&E, and Unilever — have presented their plans to institutional investors representing in excess of $25 trillion in assets under management. For example, plans for Becton Dickinson and Medtronic score at the top of the distribution.

Metrics 29

Metrics Financial Marketing Trends 29

Harvard Business

NOVEMBER 9, 2016

These high-performing health systems offered a key insight: To sustain change, you need a strong strategy for engaging and standardizing the work of frontline managers. Most organizations standardize work for managers by testing it on a small scale in one pilot unit. Standardizing work processes is a concept from lean management.).

Healthcare 29

Healthcare System Operations Metrics 29

1 to 1

DECEMBER 22, 2021

We see that investing up front in talent is the most efficient way to simultaneously improve your customer experience and your bottom line. The need for rapid information on vaccinations, employment, and government mandates has skyrocketed the need for self-service and deflection to help manage volume surge. and elsewhere.

Strategy 26

Strategy Strategy Strategy& Talent 26

Epicflow

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Risk Analysis 52

Risk Analysis Data Management Analysis 52

Harvard Business

OCTOBER 6, 2016

Organizations are continuously promoting people into management, and those new leaders struggle with the transition. How talent management is changing. We mapped this data against dozens of financial and leadership metrics, clustering companies into four groups (ranging from low- to high-performing). Insight Center.

Leadership 33

Leadership Deloitte Culture Pharmaceuticals 33

Harvard Business

AUGUST 10, 2018

Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking. Data scientists, risk managers, and business development leads are among the types of employees that can bring significant value to the supply chain.

System 28

System Engineering Accenture Efficiency 28

Harvard Business

NOVEMBER 14, 2016

More than two-thirds of large businesses now offer disease-management programs , but most of these are bricks-and-mortar services that can be converted to better-studied, cheaper, and more effective digital therapeutics. One example is Omada Health , which modeled its product after the landmark Diabetes Prevention Program study.

Metrics 28

Metrics ROI Journal Study 28

LSA Global

FEBRUARY 13, 2019

Agree upon the decision making criteria and the metrics for both success and failure. Separate the decision into manageable “chunks”. An example is the launch of a new product. In order for low risk decisions to be made efficiently and effectively, it is necessary to establish clear processes and responsibility.

Leadership 28

Leadership How To McKinsey Metrics 28