Lead Story
Fast-Expanding Markets: Where New Growth Can Be Found!
By Terence Tse, Mark Esposito & Khaled Soufani
This article is dedicated to provide a working definition of these markets, which we call “Fast-Expanding Markets” (FEMs). The need to coin a new term for such markets is increasingly urgent, as commonly used terms are deficient. For instance, “emerging economies” or “developed markets”, whilst popular, focus only [...]
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Why Should Managers Be Socially Responsible?
By Antonio Argandoña
Why should managers put Corporate Social Responsibility (CSR) into practice? The so-called legal, ethical, social and business cases provide several reasons. In this paper we discuss these arguments, and we add new reasons that make up the ‘management case.’ By exploring why CSR is good management, this paper explains why CSR make the [...]
Making Corporate Learning Work
By Shlomo Ben-Hur & Nik Kinley
Corporate Learning functions are under pressure to deliver like never before. Yet studies have repeatedly shown that business leaders’ satisfaction with the work of their learning functions has remained as low as 20% for the past decade. For an industry worth over $200 billion per year globally, that is a [...]
Structuring Your Organization to Meet Global Aspirations
By Suzanne Heywood & Roni Katz
The matrix structure is here to stay, but its complexity can be minimized, and companies can get more value from it
The way a company organizes itself—how it allocates responsibilities, how it organizes support services, and how it groups products, brands, or services—can have a substantial impact on its effectiveness. Global [...]
DAFZA Offers Highly Developed Infrastructure and Quality Services to European Companies
Feature
Established in 1996 as a part of the Dubai Government’s strategic plan to be an investment driven economy, DAFZA is one of the fastest growing premium free zones in the region. The free zone is currently home to over 1,600 companies from various industry sectors, including aviation, freight and logistics, IT and telecommunications, pharmaceuticals, engineering, [...]
Feature
By Nikos Avlonas
2012 introduced several significant developments in sustainability, most notably around the issues of climate change, risk management, and supply chain ethics.
June’s Rio+20 United Nations Conference for Sustainable Development dominated the year’s discussion, reinforcing the need for corporations to play a larger role in attaining sustainable development goals. PricewaterhouseCoopers’ Low Carbon Economy Index publication1 [...]
Flexibility to Improve Forecast Accuracy
Feature
By Karin Bursa
To succeed in a business economy shaped by uncertain demand and rapid market changes, companies must be able to sense and adapt quickly. Today, the supply chain is seen as a key enabler of this flexibility. To face this challenge your supply chain must forecast correctly and then modify the plan as new [...]
Unlocking Innovation Through Business Experimentation
By Stefan Thomke
There is a downside to businesses that focus heavily on standardization, optimization, and driving out variability: Such organizations leave themselves vulnerable to underinvesting in experimentation and variation, which are the lifeblood of innovation. Good experimentation helps firms better manage myriad sources of uncertainty (such as, does the product work as intended and does [...]
Predictive Analytics: New-generation Strategic Decision Support
By Tobias Klatt & Klaus Moeller
Environmental turbulence has be- come a key challenge for companies’ strategic planning. Planning results remain arbitrary and risky, and lack deep knowledge of relevant factors and trends. Traditional instruments such as key performance indicator concepts, strategy maps, and balanced scorecards become increasingly opaque under these conditions, especially owing to their [...]
By Andrew Campbell, Sven Kunisch & Günter Müller-Stewens
The corporate office consists of the CEO and the corporate functions. It is the main vehicle for delivering corporate added value. Yet corporate functions often underperform and corporate offices often fail to add value. We argue that this is because CEOs focus most of their attention on portfolio [...]
Why Our Decisions Get Derailed and How to Get Back on Track
By Francesca Gino
The Ducati motorcycle racing team, Ducati Corse, decided to compete in a motorcycle racing circuit, the MotoGP, for the first time in 2003. The team had accumulated years of experience and success in other motorcycle racing circuits, but the MotoGP had different rules and required a different type of motorcycle. Consequently, team members [...]
A ‘Sigh of Relief’ at Davos: Confidence and Caution Shared Center Stage
By Michael Useem
“Wharton management professor Michael Useem, returning from his 11th trip to the World Economic Forum in Davos, reports that confidence in the global economy is back “in the world’s inner circles of business and policy.” But he also suggests that the challenge ahead lies in efforts to avoid the arrogance and excesses responsible [...]
Building Ethical Business Cultures: BRIC by BRIC
By Alexandre Ardichvili, Douglas Jondle, Jack Wiley, Edgard Cornacchione, Jessica Li & Thomas Thakadipuram
As the economies of Brazil, Russia, India, and China (BRICs) continue to grow both in size and clout, and their resident multinational corporations become major players in global markets, questions pertaining to trust and integrity, and of universally shared standards for ethical [...]
Fast-Expanding Markets: Where New Growth Can Be Found!
By Terence Tse, Mark Esposito & Khaled Soufani
This article is dedicated to provide a working definition of these markets, which we call “Fast-Expanding Markets” (FEMs). The need to coin a new term for such markets is increasingly urgent, as commonly used terms are deficient. For instance, “emerging economies” or “developed markets”, whilst popular, focus only [...]
Performance Management Systems in Mexico: The Dual Logics of Evaluating Performance
By Anabella Davila & Marta M. Elvira
Understanding Performance Management systems implementation is critical for multinationals operating in countries with contrasting cultures. For firms interested in Mexico, we share our findings on how successful companies tackle the problematic nature of performance management in practice. First, problems derive from difficulties in defining the content of what [...]
Demand Chain Management: Enhancing Customer Value Proposition
By Pankaj M. Madhani
DCM creates strategic assets for the firm in terms of the overall value creation as it enables the firm to implement and integrate marketing and SCM strategies that improve its overall performance.
The supply chain comprises all the supply processes necessary to fulfil customer demand and is managed within supply chain management (SCM). [...]
Global Recessions: A Survivor’s Manual
By Irv Rothman
The article is an excerpt from the book “Out-Executing the Competition: Building and Growing a Financial Services Company in Any Economy”, by Irv Rothman.
Over my career, I’ve endured recessions of varying size, depth, and duration. Three of those recessions – in the early 1990s, at the start of the new century, and this [...]
Board of Directors Oversight of Leadership Risk
Feature
By Patrick R. Dailey and Charles H. Bishop
The practice of Enterprise Risk Management [ERM] was born as a consequence of the Enron collapse in 2001. Regulatory safeguards were enacted with the passage of Sarbanes-Oxley legislation in 2002. More recently, the U.S. financial sector meltdown beginning in 2008 which triggered global recession and yet more [...]
‘Big Data’ vs. Quality Information: The Peculiarities of Information Markets
By Miklos Sarvary
Big data versus quality information
‘Big Data’ is the new buzzword of today’s business world. Management consultants, corporate strategists and IT executives all ask the question: what to do differently in this new era of data abundance? As in the case of all buzzwords, there is a grain of underlying truth in the hype. [...]
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