Remove Efficiency Remove Finance Remove Sales Remove Sports
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COVID-19: Local vs. Global Optimization

CaseInterview.com

If the VP of sales maximizes sales without considering what the finance team needs for profitability, collections, or cash management, overall company performance suffers. In quasi-mathematical terms, the VP of sales tries to achieve a “local” optimization. You also see this phenomenon in team sports.

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Block & Tackle Better And Hit Harder

Martinka Consulting

Regular readers know that I like to make analogies between sports and business. If you read the sports page (paper and screen) you know this. I hear it’s huge on sports talk radio, which I don’t listen to. Maybe it’s time to bring in a process expert to improve efficiencies.

Sports 40
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

A great salesperson will operate much more efficiently with a defined process for reaching out to prospects. Three finance professors once asked more than 400 executives what they would do if their quarterly earnings targets were at risk. Previously, working in the call center was a solo sport. Every high performer needs both.

Metrics 44
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There Are 4 Futures for CMOs (Some Better Than Others)

Harvard Business

These efforts have enabled operational efficiencies, cost reductions, and greater agility, preparing companies for the next phase of digital transformation: driving growth. At Dick’s Sporting Goods, Lauren Hobart was promoted from CMO to President, while at KFC, CMO Kevin Hochman became President and Chief Concept Officer.

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In Product Development, Let Your Customers Define Perfection

Harvard Business

The first company is Porsche, which in the early 2000s launched the Cayenne sports utility vehicle — a vehicle very different from the high-performance sports cars for which it was famous. In the late 1990s, Porsche avoided bankruptcy by making its manufacturing more efficient and its sports cars more reliable.

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Case Study: Is Holacracy for Us?

Harvard Business

And although senior managers’ remuneration was tied to Contect’s overall sales and operating profits, the head office had relatively little control over the 30,000 projects the company had underway at any given time. It hits our collective reputation and our finances.” Decentralization is the norm in this industry.

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6 Things Every Mentor Should Do

Harvard Business

This is perhaps even more the case in the world of management outside of academic medicine — whether it is finance, consulting, or technology — as the path from professional to senior executive requires more than individual success. A mentee should be curious, organized, efficient, responsible, and engaged.