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IT organizations typically set metrics and KPIs for activities they can directly control, such as service uptime, help desk responsiveness, and the time it takes to update a system or fix a bug. “These are all valuable and important indicators of efficiency,” Haddad notes. But because efficiency is a bare minimum for the business, it's never a good idea to try to hide subpar KPIs. “IT leaders need to be held accountable to and share the same metrics as business leaders,” he advises. Conversely, IT should be able to leverage business metrics to evaluate how well they are supporting critical…
The world is at a critical crossroads. Will the decisions and actions taken now put us on track to limit climate change and meet the goals of the Paris Agreement, or will we continue on a business-as-usual path with rising and accelerating emissions? You can either continue. Climate effects. Fortunately, we have the science, innovation, tools and expertise to take action on climate change, but it will require a significant increase in ambition and action from all stakeholders. To address the climate emergency, our ambitions and actions will need to become bolder. That's why a global coalition of United Nations…
If you love love and have stellar organizational skills, you may have considered starting a business in the wedding industry. When it comes to how to start a wedding planning business, it pays to keep calm and carry on. In fact, these very qualities have helped generate a growing income stream for Eileen Kaden Dean, owner of a successful wedding planning business in the New York City and New Jersey area.“To be successful in this business, you have to stay calm and realize that a wedding emergency isn’t your emergency. You can’t make the stress about you because it’s not…
If your business is at least 51% owned by women, you may qualify for economic resources and federal contracts. — Getty Images/Fiskes If your business is at least 51% owned and operated by women, you may be eligible for certification as a women-owned business. The federal government aims to award at least 5% of all contract value to women-owned businesses each year, and sets aside certain contracts for economically disadvantaged women-owned businesses.Earning the Women-Owned Business Certification gives you access to federal contracts and financial resources to help your company grow. Here's how to get certified as a women-owned business.[Read: How…
In this episode of the McKinsey Podcast, Simon London speaks with McKinsey partners Vaibhav Gujral and Ido Segev about business building. An edited transcript of their conversation follows. Diane Brady: Hello, welcome to the McKinsey Podcast. I’m Diane Brady. With COVID-19, we’re hearing a lot about how companies need to reinvent themselves, or disrupt. But how do you build a new business within a business? It could be a new product or service, or maybe it’s the germ of an idea that could transform the entire company. Simon London speaks with Vaibhav Gujral, a partner in McKinsey’s New York office,…
Another “Vision Workshop'' is also being held.getty A vision defines the long-term impact an organization wants to make on the world. This is important because a key attribute of a high-performance culture is a high level of team buy-in to the vision. To develop and maintain motivation, people need to feel connected to a sense of a future that is appealing to them. Organizations are accustomed to investing time and money into defining their “vision.” Vacations, workshops, executive retreats, consulting projects: all of these (and more) are often deployed to articulate and agree on what feels like a very elusive…
Brad Abel says he plans to bring a “blue-collar worker” perspective to the Flathead County Commission if elected. Abel, a Republican, is seeking to replace retiring District 1 Commissioner Phil Mitchell. Abel has worked as a heavy equipment operator for Plum Creek/Weyerhaeuser for over 30 years. He told Interlake that in Flathead County, “there are a lot of people who are struggling to make a living here.” He added that he wants to do everything he can to promote business in Flathead County and “ensure that our children and grandchildren live here and can afford to buy a home.” Abel…
By Richard D. Harroch, David A. Lipkin, and Richard V. Smith The coronavirus (COVID-19) crisis is having and will continue to have a material global impact on mergers and acquisitions (“M&A”). On a massive scale and in a very short period of time, hundreds of thousands of businesses have shuttered or cut back their operations significantly, millions of workers have been laid off or furloughed, consumer spending has been drastically reduced, supply chains have been disrupted, and demand for oil and other energy sources has plummeted. The M&A world has endured and recovered from past economic crises, including the burst…
Across the world, governments and health authorities are working together to find solutions to the COVID-19 pandemic to protect people and get society functioning again. Software developers are contributing by creating technological tools that help fight the virus and save lives. In this spirit of collaboration, Google and Apple are announcing a joint effort to enable governments and health organizations to use Bluetooth technology to help reduce the spread of the virus, with user privacy and security at the core of their design. Because COVID-19 can be transmitted through close contact with an infected person, public health officials have identified…
Related news organizations One day the coronavirus crisis will end. The “shockwave” will weaken. However, the situation in brand business is different. People's behavior will also change. However, the basic universal needs remain the same. Karl Albrecht states in his 1994 book: The train heading north is He says successful leaders will be “shockwave riders” who have the intuition to see big waves on the horizon and position their business to ride those waves. In other words, look at the big waves on the horizon for your brand. Look far ahead. What do you see? What is your brand vision?…