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Younger organizations realize certain advantages through their approaches to organization design, leadership development, and data-driven decision-making.
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In the spirit of the resolution season, here is an incomplete list of my commitments to my organization, the people who compose it, and to you, our audience, without whom we do not exist.
Strategic leadership can be learned, says Stanford Business School’s Jesper Sørensen, and strategy itself should be demystified. Building a strategic organization requires paying attention to organizational culture and aligning people around a coherent plan that makes sense to them.
Certain kinds of product or process creations involve not just one player but many to ensure success. Organizations working toward this kind of innovation need to think about the project’s innovation ecosystem, which includes identifying co-innovators, structuring project leadership, and potentially modifying how success is defined. “All these things need to be negotiated within the coalition” notes Ron Adner of the Tuck School of Business — a process that’s often under-appreciated or ignored.
The MIT Leadership Center’s video series highlights different styles of leadership among senior executives and leaders.
Debates about assigning responsibility and meting out punishment rarely address the bigger issue: how to prevent major failures from happening in the first place. Indeed, when we focus primarily on punishment, without addressing the precipitating factors—both technological and organizational — we are inadvertently exposing ourselves to risk of recurrence.
As digital technology transforms the way we do business, too many executives aren’t recognizing how business is changing at a fundamental level. “I think there’s a tendency to look at digital technology and think about it more as an opportunity, a choice,” says Deloitte Center for the Edge Innovation co-founder John Hagel III. “The mounting pressure turns this from an opportunity and choice into an imperative. The longer you wait, the more marginalized you’re going to become.”
With the emergence of a digital economy over the course of the past two decades, leading companies have learned that they must act faster to respond to customer needs and competitive dynamics. The fourth annual Big Data Executive Survey confirms that Fortune 1000 firms recognize that faster time-to-insight correlates with success and will be the driving force behind Big Data investment for the years ahead.
The Aspen Institute’s Business and Society Program is focused on developing business leaders for a sustainable society. One of its fundamental founding questions was, “If we want business to operate in a way that’s attentive to long-term value creation and an array of stakeholders, what kind of leadership do we need?” The solution: Aspen’s “First Movers” program, cultivating creative intrapreneurs dedicated to products and management practices that enhance profitability without negative social and environmental impacts.
If there’s one thing that’s certain about undertaking complex projects, it’s that not everything will work out exactly the way you planned. The Spring 2015 issue of MIT Sloan Management Review highlights project management, in “Reducing Unwelcome Surprises in Project Management,” “How Executive Sponsors Influence Project Success,” “What Successful Project Managers Do” and “Accelerating Projects by Encouraging Help.” In a nutshell, managers must expect the unexpected in projects.
In each stage of a project’s life cycle, two or three behaviors have significant impact on the project’s likelihood for success. These behaviors, by the executive who is sponsoring the project, ensure effective partnerships with project managers and require a great deal of informal dialogue. They include setting performance goals, establishing priorities, ensuring quality and capturing lessons learned.
Successful project managers often combine elements of traditional and agile approaches to project management. They cope with uncertainty, for instance, by developing detailed short-term plans along with firm commitments and tentative longer term plans. The authors draw from experiential data from more than 150 successful project managers affiliated with over 20 organizations, and provide a detailed look at the success factors behind NASA’s Mars Pathfinder project.
For recruiters, the technological developments of the past 3 years have been transformational, says Tuck Rickards of Russell Reynolds. With the transformation of business to a more real-time, connected, data-driven focus, the type of talent companies seek — even the type of organizational structure they’re building — has undergone a quantum shift. But the changes aren’t yet done: “The next five years are huge for companies to reorient themselves from a leadership and team perspective,” warns Rickards.
In part two of two, Gregory Unruh talks to Emma Stewart, Autodesk’s head of sustainability, about how social intelligence helps CSR advocates in the company to win colleagues’ buy-in. The use of such intelligence supports CSR managers’ ability to create a sustainability business case.
Emma Stewart, Autodesk’s head of sustainability, says that social intelligence helps CSR advocates in the company win colleagues’ buy-in. “In order to be a legitimized contributor to the business, you have to be as smart or smarter about your customers or other stakeholders as other business units,” Stewart says. The use of social intelligence, such as systematically calling on leading customers and “market-shapers” such as regulators, supports CSR managers’ ability to create a sustainability business case.
A new study finds that executives at large companies are unhappy with their digital strategies and ability to make decisions on technology. The problem? Lack of cohesion and coordination among departments. Having all C-level executives engage with technology and digital business strategy might be the answer.
Companies want digital transformation, but achieving it is hard. Executives from two transformative businesses, Kim Stevenson, Intel’s CIO, and Mark Norman, the president of Zipcar, discuss how they do it, with Andy McAfee of MIT’s Center for Digital Business and Didier Bonnet of Capgemini Consulting’s digital transformation practice.
Some companies have a counting problem when it comes to data. Revenues, customers and leads can be counted the same way by all managers…or not. Director of MIT’s Center for Information System Research discusses the growing interest in data analytics and how one company that was in the red dealt with business unit heads all of whom were reporting profits.
In his tenure as president and CEO of the Campbell Soup Company, Doug Conant first helped steer the company to financial stability, and then set the stage for aggressive sustainability goals. The notion of corporate social responsibility and sustainability has been part of the fabric of the Campbell Soup Company since its inception. By 2006, Conant was ready to kick it up a notch. As president and CEO (he retired last fall), Conant led the company in exploring “how we could bring what I call our DNA, our natural inclination to corporate social responsibility, to a new level.”
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