Posts Tagged Business Strategy
Without leadership, a business enterprise will eventually fail. Survival is possible without a strategy, but seldom over the long haul. Great strategy with lousy execution isn’t worth the piece of paper it is written on. The consequence of these proclamations is rather obvious; get it right, bring it all together and you have the commercial magic every enterprise seeks.
As the workforce grows more complex, organizations are tapping into new trends to recruit and retain the best talent. With today’s four-generation workforce and the increasing globalization of business, #workflex is an imperative for today’s 21st century workplace. Employers that do not implement workplace flexibility programs run the risk of missing out on a huge talent pool.
A chief human resource officer (CHRO) plays a significant role in getting executives to work as an effective team, according to a recent survey.
The 2012 Cornell/Center for Advanced Human Resource Studies Chief HR Officer Survey of senior HR leaders examined the positive and negative dynamics of a company’s executive leadership team (ELT) and described the ways in which CHROs help these teams to function more effectively.
The CHRO and the Executive Leadership Team
We all know that a strategic human resources function is critical in today’s competitive global market, but many top-level executives still believe that HR is ineffective and consistently fails to provide value. You can read all about HR’s continued woes in a new report from The Economist Intelligence Unit/KPMG. They obviously didn’t interview your CEO, who would have told them about all the amazing things you’re doing at your organization.
Senior executives say they understand that a strategic human resources function is crucial in today’s competitive global market. At the same time, however, the C-suite believes that HR is ineffective and consistently fails to provide value to the organization, a new report found.
You’re introducing a new software solution for…performance management, rewards and recognition, time and attendance management…your choice. The solution will impact every employee. You’re heading up the change management project. What’s next? Check out this post before you join us on the next #NextChat: http://chinagorman.com/2012/11/20/competence-enemy-of-change
Change management model? What’s your favorite?
Organizations with established employee recognition programs seek to improve employee engagement and morale, a new Society for Human Resource Management (SHRM) survey finds. The majority of employers contended that they are achieving that goal.
It’s that time of year again. The annual opportunity to plan, scheme, and build a budget. Generally, this is the time of year when we think about what new programs or technologies we could add in the upcoming year. We dream of slick technology or powerful new programs that we could implement if we are lucky enough to be given the budget to do it. It’s a fun time of year. Planning and thinking big thoughts is important.
But, this year, while you plan and dream and budget, set aside a little time for another powerful exercise that we often overlook.
If an adversary or threat can exploit a vulnerability to harm an asset, then you have risk.
With the increase in advanced, multidimensional threats, some organizations are considering the services of a corporate threat intelligence program, or developing an in-house program—dedicating staff and other resources to deep inspection and analysis of data to avoid the sorts of attacks, crises and events that can cost a company millions, endanger personnel and damage its reputation.
Change is hard especially at work and studies now show that because we are reluctant to change we are also programmed to fail. In 1995, seventy percent of all major changes in an organization failed. In 2008, we are still sitting at a thirty percent rate of success. The rise of importance and use of change management as well as tactics, strategies, and theory hasn’t changed a thing.
One of my new go-to resources is the IBM’s Global CEO Study. It surveys over 1,500 global business leaders about the business and work on topics of concern and trends for the future. You can download this year’s survey here.
Last year, I was very impressed that IBM’s research included for the first time a companion study from students about their views on inheriting this complex world we’re living in. Very cool!
I admit it, I am a total mark for Business Insider.
A superb mix of business, tech, culture, politics, economics, sports, celebrity gossip - all delivered with bludgeon-like ridiculous volume probably running upwards of 100 posts each day.
Now in its eighth year, the SHRM Strategy Conference is one of the most exclusive senior-level HR conferences in the world. Held this year in beautiful Palm Springs, this must-attend event will give you proven, practical tools and resources to help you implement the most effective strategic HR practices in your organization.
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.
A changing workforce, global competition, advances in information technology, new knowledge, the 2008 global recession and demands for sustainable performance have forced corporate leaders to examine and re-evaluate how they manage and operate.
In response, they are utilizing new technologies, changing their organizations' structures, redesigning work, relocating workforces and improving work processes. These changes have significant implications for how their human capital should be managed and how their HR functions should operate.
From the next economy, to the next generation, the Society for Human Resource Management helps get the most out of business by getting the best out of people. Find out more on becoming a SHRM member here.
Should the Strategic Plan Rest in Peace?
At one time, business executives believed that strategic planning was the answer to all of their problems. The process that started in the 1950’s evolved through various strategic analyses including SWOT (Strengths, Weaknesses, Opportunities, and Threats), Michael Porter’s competitive strategy model, core competencies, strategic intent and business transformation. Today, many are questioning the strategic plan's usefulness.
There are many reasons for this. I'll give three: