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How to Ensure Your Organization’s Digital Transformation Succeeds

Michael McKinney

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 In 2013, Nokia’s mobile phone business was sold to Microsoft. These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology.

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CEO Succession Planning: Your 2024 Comprehensive Guide (+Free Template)

AIHR

A CEO’s untimely departure or poorly orchestrated handover can have a significant negative impact, including decreased investor confidence, operational inefficiencies, and even a decline in market share. Finally, you must help plan a smooth leadership transition to ensure minimal disruption to your organization’s operations.

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Ask for the Cash: Convince Your Customers to Pay You in Advance

Growth Institute

In fact, in most years the membership fees Costco collects cover about two-thirds of their operating profit. By collecting the funds in advance to cover most of their operating costs, and by turning their inventory faster than they pay their suppliers, Costco can run the business on gross profit margins much lower than its competitors can.

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Rebecca Ellis, PhD, Demonstrates Excellence in Organizational Development

AlignOrg

In her current position since 2024, she contributes to the leadership of the firm, oversees commercial and sales operations, and maintains a connection to human resources functions. She served as the manager of change consulting at Ameren Services between 2013 and 2015 and as a senior organization consultant at Edward Jones from 2011 to 2013.

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Talking About Promotions (with Very Ambitious People)

Ed Batista

Some of them are already operating at an elite level, and their ambition is entirely justified. 2] For more on social comparison, see the following: Social: Why Our Brains Are Wired to Connect , pages 33-34 (Matthew Lieberman, 2013). But their talents and capabilities can differ substantially, of course.

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Company Rigor: The Discipline Of Growth

Chief Executive

Most founders did not grow up thinking about company operations, nor do they have the skills or the interest in becoming an effective operator. At this pivotal point in the company’s growth, it is incumbent upon the founder to layer in more financial and operational rigor in order to achieve more sustainable growth.

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5 Must-Read Books For Business Leaders For Summer 2013

Eric Jacobsen Blog

In his book, he explains that to be successful you need to know more than your industry and just the basic concepts of leadership, management and operations. Author Bill McBean has spent nearly 40 years as a successful business owner. His advice? Planning is about preparing for the future, not predicting it.