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Think about the image of the corporate board of directors Hollywood has given us. The actors playing board members are WASPy, middleaged males in wellcut suits. The set is a mahoganypaneled conference room containing a very large, highly polished table. Most of the lines belong to another white...
Intellectual capital management ICM attempts to grow, extract, and measure a firm's intangible assets through assessments of systems, processes, procedures, and other organizational wealth not typically quantified under standard management and accounting practices. ICM is based on the assumption...
Big, complicated social systems such as the company where you work don't get changed from the topnot unless they're already on the verge of collapse. To understand why, take a minute and imagine the traditional corporate pyramid, with senior management at the top and the minionssorry, I mean the...
One of the more contentious areas of corporate governance today is how active a company's board of directors should be in the development and execution of corporate strategy. While the spotlight is on public companies, private ones and even notforprofits would do well to pay attention. Even...
In the continuation of a growing trend, last year more than 60 companies divided up their assets and sent a business unit out on its own into the world of freestanding, publicly traded companies. These spinoffs represented more than 170 billion in new market capitalization. Some of them emerged...
What's the secret sauce of top business performance Clearly, it's not just having a brilliant business strategy. It's also the successful execution of the strategy that counts. And execution requires that people understand the strategy, know how they fit in, commit to what they must do to add...
The era of the passive, rubberstamping, oldboynetwork corporate board is over.
The supply chain can and should be a strategic differentiator, but too many companies are missing the strategic opportunities it offers.
Because companies are creating value in new ways, they need new business models that accurately reflect 21st century business realities.
Keeping track of the revenue stream is important, but it's equally important to track the flow of knowledge and intangibles.
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