Transforming operations management for a digital world

McKinsey

When combined, digital innovation and operations-management discipline boost organizations’ performance higher, faster, and to greater scale than has previously been possible.

Using Advanced Analytics to Improve Operational Decisions

BCG

Operations leaders routinely make critical decisions across the entire value chain. Although such decisions typically involve complex tradeoffs, managers have often made them using rules of thumb or basic data analysis. Article Thursday, December 15, 2016.

Strategic and Operational Planning

Gina Abudi

Many organizations leave planning to the executives and other high level management. The post Strategic and Operational Planning appeared first on Gina Abudi. Leadership engaging employees operational planning strategic planning strategic plans strategy planningEngaging Employees to Contribute to the Plans. It’s business planning time again – especially if your fiscal year follows the calendar.

Scientist, Engineer and Operations Manager

Seth Godin Blog

The Operations Manager takes the handbook and executes on it. The operations manager makes it run on time. Operations managers shouldn't do experiments. A career is often based on one of these three stances: The Scientist does experiments.

The Five Practices That Set Operational Risk Leaders Apart

BCG

Bank operating models continue to evolve in response to new regulations, digitization, a volatile economic and risk environment, external threats, and advances by nontraditional competitors. Article Tuesday, October 11, 2016.

7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business

The culmination was an incident at an insecticide plant in LaPorte, Texas, where, as a result of a basic process safety management failure , an extremely toxic chemical—methyl mercaptan—was released and two workers were overcome. To get management’s attention, I issued a statement declaring that “these four preventable workplace deaths and the very serious hazards we uncovered at this facility are evidence of a failed safety program.”

How Do Management Consultants Quickly Come Up To Speed On Projects?

Steve Shu Consulting

Engagement manager – The engagement manager has responsibility for the client problem statement and the problem-solving structure (i.e., Management reports – Consultants often get reports normally directly accessible by the management teams.

Driving value from postcrisis operational risk management

McKinsey

Banks and other financial institutions can generate important improvements in their operating model if they focus more on areas that have previously been viewed as relatively basic. Operational Risk is often at the heart of major events that can lead to significant loss of value. The authors argue that there are some common challenges facing banks wanting a more effective operational risk management approach, and then explain how these can be approached.

Selling $7 Million In Consulting Services Within 12 Months with Shannon Adkins: Podcast #61

Consulting Success

a management consulting firm that brings change management and operational transformation expertise to global enterprises in the life sciences, healthcare and technology industries.

The Upgraded Leadership Operating System

Cheryl Cran

Traditional training modules on leadership skills, communication skills, change management skills, emotional intelligence are useful tools to elevate leadership ability. What does it mean to ‘upgrade the leadership operating system’?

Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. For IT to operate in the data and analytics space often takes realigning roles and responsibilities. Analytics Operations IT Digital Articl

Health Systems Need to Completely Reassess How They Manage Costs

Harvard Business

hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. Cost reduction requires an honest and thorough reassessment of everything the health system does and ultimately, a change in the organization’s operating culture.

Coping With the Transition from Management Consulting to a Startup

Steve Shu Consulting

I wrote the following post (edited slightly here) in response to someone on Quora who indicated that they were having a hard time coping with the transition from management consulting to a startup in terms of the more experimental nature of the startup world and feeling like they were not using their past skills and knowledge. When I first left a traditional management consulting firm, I went to a startup. in operations or product management).

Getting an Intricate Operation Back in Sync

Harvard Business

Before I became general manager of The Beverly Hills Hotel, I held the same position at another luxury hotel up the coast. Facing interconnected operational issues, members of the eight-person senior leadership team were turning against one another. Operations in a Connected World.

Driverless Trucks to Hit Alberta’s Oilsands Region Replacing $200,000/yr Operators; Big Layoffs Coming

MishTalk

Above: Komatsu heavy earthmoving truck at the Tom Price iron ore mine, operated by Rio Tinto Group, near Perth, Australia. the Japanese manufacturer of earthmoving and construction machines, to purchase new heavy haulers for its mining operations north of Fort McMurray.

Bain & Co: Management tool and trends 2011 survey

Consultants Mind

Bain & Co conducts a survey every few years on how executives use management tools. Unsurprisingly, these are the exact tools that management consultants often use when coaching, prodding, and helping executive think about their business. If you want to … Continue reading → Consultant bain Best Practices Consulting Executives Operations Resources Strategy Survey Tools

Bain 131

Due Diligence by Management Consulting Firms

Tom Spencer

It was a very interesting experience, so in this post I will share what I learned, as well as talk about the role played by management consulting firms. Table 1 – Framework for validating an M&A deal from a strategic and operational perspective.

The Dirty Little Secret About Digitally Transforming Operations

Harvard Business

Operations in a Connected World. A major train operator, for example, designed an advanced analytics solution in order to better understand the failure behavior of a major battery pack in one of its train models. Change management Project management Analytics IT Digital Article

New Manager: Meenakshi Shukla

Tom Spencer

We are delighted to welcome Meenakshi to join the Consulting Blog as a Manager for 2014/15. She is providing crucial strategic and operational guidance, and we believe that she has a bright future ahead working for a top consultancy – if they manage to hire her.

The Upgraded Leadership Operating System

Cheryl Cran

Traditional training modules on leadership skills, communication skills, change management skills, emotional intelligence are useful tools to elevate leadership ability. However the bigger learning and training opportunity is to arm leaders and their teams with new models and systems that will help them to upgrade their leadership operating system. What does it mean to ‘upgrade the leadership operating system’?

The Upgraded Leadership Operating System

Cheryl Cran

Traditional training modules on leadership skills, communication skills, change management skills, emotional intelligence are useful tools to elevate leadership ability. However the bigger learning and training opportunity is to arm leaders and their teams with new models and systems that will help them to upgrade their leadership operating system. What does it mean to ‘upgrade the leadership operating system’?

Getting Smart About Change Management

BCG

One industry that has been a huge beneficiary of all this turbulence is the change management industry. The traditional approach to change management is itself in need of change. In a broad cross-industry comparison, change management remains near the bottom of the performance table.

Bank of Canada Admits Recession: Shades of Voldemort; The Solution: More Bubbles; Operation Twist Canadian Style?

MishTalk

Operation Twist, Canada Style I smell an " Operation Twist " type move by the Canadian central bank to rectify this horrific " recession-signaling " condition. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

50 Foreign Companies Operating in France Sound the Alarm

MishTalk

Via translation from Les Echos , please consider 50 Foreign Companies Operating in France Sound the Alarm. We contribute 29% of French investment and provide 29% of the R & D companies operating in France. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Kiev Effectively Cedes East Ukraine to Separatists; Poroshenko Withdraws Hospital and School Funding, Bank Card Operations

MishTalk

It also says Ukraine''s central bank is to close down all banking services - including card operations - in some areas within a month. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Great Businesses Scale Their Learning, Not Just Their Operations

Harvard Business

What if we went further, redesigning our work environments (physical, virtual, and management systems) to help accelerate learning and performance improvement on the job? For example, Intuit has deployed experimentation platforms throughout the company to encourage employees to try and test new approaches to deliver more value while managing the risk associated with these experiments.

Move Your Analytics Operation from Artisanal to Autonomous

Harvard Business

Many organizations today are wondering how to get into machine learning, and what it means for their existing analytics operation. Turning your current analytics operation into a machine-learning-savvy “model factory” requires some changes, of course. Managers must learn to trust models that they don’t fully understand. There are many different types of machine learning, and a variety of definitions of the term.

2015 Management Consulting Salaries – Undergraduate, MBA, Interns and More

Management Consulted

As you’ve been busy popping bottles of champagne, watching the ball drop while fireworks shoot up in the background, or just flat-out ambitiously working through the New Year holiday, we here at Management Consulted have had our version of fun.

Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business

In September 2016 we undertook a survey of nearly 300 endowment and foundation managers. Large investors rely on an assortment of intermediaries to help them with their investment activities, including asset managers, such as hedge funds, investment banks, and consultants. Consequently, giant funds are often hamstrung by proportionally tiny operating budgets, which have historically forced them into the all-too-happy hands of intermediaries.

4 Steps to Improve New Manager Training

LSA Global

Do You Need to Improve New Manager Training? It is not easy to find an organization that does not want to improve new manager training. Why are so many leaders disappointed in the impact of their new manager training? Managers are Being Asked to do More.

Mining for leadership with lean management

McKinsey

Three executives at one of the world’s most unusual mining operations describe how even in a highly unpredictable context, lean management improves not just productivity, but also how people lead.

China Manufacturing PMI in Contraction: New Orders and Operating Conditions Decline at Strongest Rate in a Year

MishTalk

More signs of a global slowdown surface in the latest China Manufacturing PMI where operating conditions and new orders decline at fastest pace in a year. Mike "Mish" Shedlock [link] Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Management Consulting versus Investment Banking

Management Consulted

Bankers do some for roadshows, due diligence, etc but spend 90% of their time in one office until you’re partner-level (this is investment banking; you can expect more travel in private equity and investment management). Relationship with coworkers, managers, and firm.

Management Is All in the Timing

Strategy+Business

Operating with speed and urgency, although a necessary attribute of leadership, is not sufficient.

Consultant Ninja: Whither art thou Marakon: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Can anyone from Marakon weigh in and explain whats happening inside its "operating subsidiaries"? NEW YORK -- Marakon, the international management consultancy and Integrated Finance Limited (IFL), a financial advisory firm, are merging. Management Consulting. skip to main | skip to sidebar. Consultant Ninja.

All Management Is Change Management

Harvard Business

Change management is having its moment. But many of these indicate that change management is some occult subspecialty of management, something that’s distinct from “managing” itself. This is curious given that, when you think about it, all management is the management of change. If sales need to be increased, that’s change management. If a merger needs to be implemented, that’s change management.

Reflecting on David Garvin’s Imprint on Management

Harvard Business

Garvin was a generalist more than a specialist, perhaps because he came of age at HBS during the 1980s, when the school’s primary focus was the development of skilled general managers. But he gave us something just as important, I think: curiosity about — and great insight into — the gnarly, complicated work that general managers do. The bottom line was that teams with good managers perform far better than teams with average managers.

Managing Change in the Oil and Gas Industry

BCG

Through its vertically integrated operations, the company controls all aspects of the value chain—from exploration, extraction, and production to refining and distribution—and employs more than 106,000 people worldwide. Video Tuesday, November 01, 2016.

The Role of Portfolio Management in Value Creation

BCG

Ever since BCG introduced the growth share matrix, in the 1960s, executives have understood that portfolio management is a critical component of any strategy for superior value creation. Article Tuesday, October 25, 2016.

Are Your New Managers Ready to Lead?

LSA Global

Are Your New Managers Ready to Lead? There is much you can, and should, do to prepare for your role as a new manager. Taking on a management position is a wonderful opportunity to grow and to have a real impact on your company’s success. Get Ready to be a New Manager.