In management it has been said that business transformation involves making fundamental changes in how business is conducted in order to help cope with shifts in market environment. However this is a relatively narrow definition that overlooks other reasons and ignores other rationales.
Achieving sustainable growth in any business can often be challenging. A recent study of growth, published in the Harvard Business Review, of 10,897 publicly held companies over a 43-year period showed only the upper quartile of firms achieved an inflation-adjusted growth of 11.8 % per annum. Of the top quartile of firms, only 15% were…
Now that we know Why Projects Fail, let’s talk about the practical steps and behaviors Project Manager must adopt in order to deliver a project successfully. The three root causes of project success are: LEAN CEO In the knowledge economy, with continuously growing competition, accelerating product lifecycles, and shrinking lifespan of businesses, managing by project becomes the…
“Why do projects fail?” Whether you are a certified professional or just an accidental project manager – you’ve heard and answered this question before. Indeed, for as long as I remember myself, this subject has been so dear to the public at large that every business magazine and website would offer their recommendations. Google for…
I was the Chairman at a three-day conference on Operational Excellence and Business Transformation recently and was really impressed by the number of people in attendance and the caliber of the speakers. Some of the speakers discussed technology, and their vision of the future. But most of the speakers focused on softer skills; leadership, innovation,…
ByEY
A survey of supply chain leaders shows the need for visibility on sustainability performance and a holistic business case to drive results. In brief EY teams surveyed 525 executives about their sustainable supply chain practices. Many have long-term strategies but struggle to measure their progress. Business case initiatives for sustainability stretch beyond cost savings to…
Too many companies equate strategy with hitting financial goals. They underestimate the difficulty—and the value—of the real thing. The word “strategy” means an approach to dealing with a difficult challenge, especially that of competing with a clever opponent. To have a strategy is to have an approach to overcoming critical obstacles and difficulties. However, through many…
