Fri.May 24, 2024

article thumbnail

3 Ways to Clearly Communicate Your Company’s Strategy

Harvard Business Review

For all the communication around strategy, we know that leaders at many companies don’t provide the necessary context for employees to understand what the words and sentences in a strategy statement actually mean. What can leaders do to help employees understand enough context to understand a strategy? In this article, the authors offer three recommendations: 1) Present the alternatives considered and explain why they were not adopted. 2) Explain how each choice is linked to the organization’s p

Strategy 145
article thumbnail

Great People Are the Reason Companies Become Great

Innovation Excellence

GUEST POST from Mike Shipulski You can look at people’s salaries as a cost that must be reduced. Or, you can look at their salaries as a way for them to provide for their families. With one, you cut, cut, cut.

Company 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Marketers Can Adapt to LLM-Powered Search

Harvard Business Review

Large language models (LLMs) provide a search experience that’s dramatically different from the web-browser experience. The biggest difference is this: LLMs promise to answer queries not with links, as web browsers do, but with answers. Increasingly, using apps such as ChatGPT or Perplexity, or search portals such as Google’s Search Generative Experience (now AI Overviews) or Bing’s Copilot, customers will learn about products and brands through natural-language outputs.

article thumbnail

How to Design and Resolve Effective Business Ecosystem Governance.

Ecosystems4Innovating

Building Effective Business Governance has multiple challenges. We must emphasise the importance of ecosystem governance, providing a comprehensive structure for designing a practical framework. The robustness and depth of Governance understanding make or break Business Ecosystems. Building a robust governance framework clarifies that managing business ecosystems is not for the faint-hearted or light-of-pocket in all the aspects that need to be considered.

Design 64
article thumbnail

15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

article thumbnail

Linking Culture and Mindset to Organizational Performance and Growth

Innovators Alliance

Research has shown that an organization’s culture is linked to its performance. James Heskett and John Kotter, in their book, Corporate Culture and Performance, make a compelling case. They demonstrate that organizational cultures that facilitate adaptation to a changing, disruptive world are associated with stronger financial performance than those that don’t.

Culture 52
article thumbnail

Why We Might Keep Hunting for More Data Despite The Costs

Michael Roberto

Michalis Mamakos and Galen Bodenhausen have published an interesting new paper in the journal Cognition titled “Motivational Drivers of Costly Information Search.” These two scholars examined whether our search for additional information may hinge on how we frame a problem. They hypothesize that our tendency to gather more data and conduct additional analysis may depend on whether we frame the issue in terms of gains vs. losses.

Data 37