Business Strategy

Posts Tagged Business Strategy

Having a chief human resource officer (CHRO) in the executive suite appears to be good for the bottom line.

Fortune 500 companies with a senior HR leader in the C-suite are, on average, 105 percent more profitable than their industry peers that don’t have an HR person in the top executive ranks, according to a recent analysis by SuccessFactors, a SAP AG company.

The findings illustrate the importance of HR executives in strategic planning and the need for strong company HR operations, SuccessFactors reports.

News Updates
December 4, 2013

When the Forrester Research on groundswells came out a few years ago, many in the social media business saw an opportunity to have real conversations about advocacy marketing. That conversation was limited to marketers, and only just now are we seeing the groundswell concept reaching talent management.

November 5, 2013

Human Resources has an important role in an organization when it comes to decreasing expenses and maximizing revenue, and finding the right technology is key to increasing productivity, efficiency and effectiveness.

When looking to implement new HR technology, it’s necessary to understand current processes, identify organizational goals and determine future needs.  These initial surveys will help to streamline the selection process and mitigate costly mistakes.

October 15, 2013

Organizational silos are fueled by a cocktail of culture, attitude and burdensome process design, and can plague businesses ranging from Fortune 500 leaders to 10-man start-ups. They also create an environment in which sharing and collaborating for anything other than the interest of the silo is nearly impossible.

September 27, 2013

Most of you have heard the saying, “Don’t throw the baby out with the bathwater,” or something to that effect. Basically, the idiom advises us not to discard something valuable in our eagerness to get rid of some useless thing associated with it. If you are not careful, this can happen to businesses going through a rough patch.
 

September 26, 2013

There’s a regular conversation in the human resources community about the profession being a strategic business partner. In thinking about becoming more strategic, it occurred to me there’s a difference between creating a strategy and being strategic.  Just because we can create a strategy doesn’t mean we can think strategically.

September 24, 2013

My occupation allows me to swim in many waters. I work with Marketing, Sales and HR Leaders across the Globe. While we want to believe we live in a time of organizational alignment, we simply do not!! Marketing wants Big Data, Sales wants to see the ROI and HR wants to be accepted for their Leadership contributions. We say our mission, vision and values align us; but far too often they are swept under the rug in difference to our more immediate goals.

September 18, 2013

Technology tools are helpful, but they aren’t a substitute for human creativity. I read this from the HR Bartender blog authored by Sharlyn Lauby, one of my favorite HR thought leaders. She was talking about the best way to innovate today! Read it here!
 
As she mentioned, the best way to innovate is to leverage the people and corporate culture that you already have in place.
 

September 11, 2013

It is no secret that strategic leadership is critically important for today’s executives, and even more so for HR professionals charged with delivering HR services effectively and developing adaptive leaders who drive the business forward.

News Updates
September 5, 2013

Talent is the most critical ingredient to success for most businesses. We’ve progressed to where we don’t even have to argue this point with most executives. The lights have been turned on. But, the practice of talent management is still struggling to meet the needs and expectations that an enlightened organization requires.

September 5, 2013

The Next Blog was created to help facilitate a conversation between practicing HR pros and non-HR audiences about the strategic importance of the HR profession. Next Official Bloggers create and contribute meaningful posts that explore the latest trends and best practices for the HR profession.

We compiled a list of Next Official Bloggers as a resource for our readers. You can find them below with the links to their individual author pages on the Next Blog, to their Twitter profiles and to their personal blogs, as well.

Enjoy!

August 29, 2013

The multitude of new HR systems and solutions currently on the market all promise to bring greater efficiencies to the way we conduct our talent management processes.  And as HR technology continues to evolve, so has the way these solutions are implemented.  Long gone are the days of on-premise implementations and heavy involvement from the IT department; as SaaS-delivered solutions have become the norm, organizations can simply implement a new system with the press of a button.

August 26, 2013
More than half of HR leaders responding to a recent survey strongly agreed that their role has required them to manage increasing levels of complexity in recent years, and that they feel ill-equipped to cope, according to results released July 18, 2013, by global talent management firm Lumesse.
 
News Updates
August 13, 2013
The definitive guide for using social media to build more effective organizations.
 
August 6, 2013
Strategy has to be one of the most misused words in business. The word is tossed around boardrooms and customer meetings with reckless abandon. You’ve likely heard this: “Our strategy is to become the biggest and the best.” Deciding to become a global corporation, to diversify, or to increase sales by x dollars per annum is not strategy. Such aspirations are goals or objectives. Articulating how to become the biggest and the best is the strategy. That strategy can be good or bad.
July 1, 2013

Every day we see or read about superb acts of leadership. The ones that occupy an indelible place in our minds are often characterized by unexpected high-pressure, traumatic conditions and courageous acts taken within a very limited amount of time – a cabbie delivering a baby, a mayor calming a city after one of the worst terrorist attack in the history of mankind, a pilot making the call to land a powerless 65 ton piece of steel on a river in the middle of a major metropolis, a primary school teacher protecting her class from a gun-wielding madman.

May 30, 2013

Smart companies engage in succession planning. Exceptional companies focus on legacy creating.

Bank of America and Citigroup

When Bank of America CEO Ken Lewis and Citigroup CEO Vikram Pandit announced their departures unexpectedly and with little warning in 2009 and 2012, respectively, each organization scrambled to identify a replacement. As a result of such unpreparedness, stock prices fell, the executive team became unnecessary distracted, initiatives stalled, growth stagnated, and employees felt uneasy and uncertain.

May 29, 2013

I embolden job seekers on a daily basis to make sure they have a tailored job search strategy. Rather than just go about their job search randomly, I preach the importance of a strategy that is targeted, reviewed and adjusted on a daily basis. Ironically, those on the other side of the hiring line do not always seem to have the same focus.

May 13, 2013

On April 3, @weknownext chatted with Joey Price (@JVPSaid) about "HR, What's the ROI on your RBI?"

In case you missed it, here are all the great tweets from the chat ...

April 3, 2013
Most companies don’t have the business intelligence they need to execute their business strategies successfully, according to a global survey sponsored by BTS, a strategy-implementation consulting firm.
News Updates
April 3, 2013