Body of Knowledge

  • Body of Knowledge

    The Risks that go with Globalization

    - by Joseph Paris

    It is undoubtedly and incontrovertibly true that global extreme poverty has declined as capitalism has driven globalization – the trade between and among nations – to increase over time.  Certainly, there are arguments to be made that the growth in wealth has also been increasingly concentrated in the hands of fewer people, but the world as a whole has benefited. The charts below from Our World in Data, showing the number of people living in extreme poverty from 1820 to present, clearly demonstrate that the economic benefit of globalization has been as positive as it has been apparent. And the…

  • Body of Knowledge

    6 habits of digital transformation leaders

    - by EY.com

    Companies investing more in new technology make more money. Here’s why, and how you can accelerate your digital transformation. Our latest research finds that companies that excel at digital transformation share six habits. Digital transformation leaders that exhibit these six habits enjoy better financial performance than companies that have yet to adopt them. To catch up, the rest of the pack should learn from the digital transformation leaders who are: Focusing on customers first and foremost Accelerating AI to drive growth Driving innovation through ecosystems and partnerships Nurturing talent with new incentives and strategies Activating governance plans for emerging tech…

  • Body of Knowledge

    To weather a crisis, build a network of teams

    - by McKinsey & Company

    Imagine you are a tenured CEO of a company. You have led your organization through many adverse events.  You have followed a playbook, and moved to a “command and control” style to address the cascading effects of various perils. But now you’re dealing with a crisis unlike anything you’ve ever experienced. There is no playbook from which to pull past experiences. In this rapidly changing environment, your people need to respond with urgency, without senior executives and traditional governance slowing things down. Waiting to decide, or even waiting for approval, is the worst thing they can do. Yet some level…

  • Body of Knowledge

    The Government Needs Technology

    - by ted.com

    What if the government ran more like Silicon Valley? Engineer Matt Cutts shares why he decided to leave Google (where he worked for nearly 17 years) for a career in the US government — and makes the case that if you really want to make an impact, go where your help is needed most. See the video here…

  • Body of Knowledge

    Lean Busy vs Ignorant Overload Bliss

    - by Philip Holt

    One of the biggest challenges of a Lean Transformation is to create the ‘Vision of Excellence’; what should we aim to achieve over the coming years, what is possible? This is often problematic because the majority of people in the organisation ‘don’t know what they don’t know’; that is, they haven’t seen what truly Operationally excellent companies look like, and hence cannot envision what the size of their opportunity really is. A great way of seeing what world class looks like is through the attendance of best practice visits to operationally excellent companies on what are called Kaikaku experiences. The…

  • Body of Knowledge

    Never let a serious crisis go to waste

    - by Joseph Paris

    In an interview with the Wall Street Journal on November 19,2008, Rahm Emanuel was quoted as saying; “You never want a serious crisis to go to waste.  And what I mean by that it’s an opportunity to do things that you think you could not before.” He was referring to the crisis that was to become known as the “Great Recession” that gripped much of the world, hitting hardest from 2007-2008.  It was a period when millions of people lost their homes to foreclosure, nearly countless businesses declared bankruptcy; many being household names such as General Motors and Chrysler…

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