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The theory of the business
Peter F. Drucker argues that what underlies the current malaise of so many large and successful organizations worldwide is that their theory of the business no longer works. The story is a familiar one: a company that was a superstar only yesterday finds itself stagnating and frustrated, in trouble and, often, in a seemingly unmanageable crisis. The root cause of nearly every one of these crises is not that things are being done poorly. It is not even that the wrong things are being done. Indeed, in most cases, the right things are being done--but fruitlessly. What accounts for this apparent paradox? The assumptions on which the organization has been built and is being run no longer fit reality. These are the assumptions that shape any organization's behavior, dictate its decisions about what to do and what not to do, and define what an organization considers meaningful results. These assumptions are what Drucker calls a company's theory of the business.-- Provided by publisher
Book
The Impact of Data Strategy and Emerging Technologies on Business Performance
This study investigates the intricate relationship between data strategy implementation, the adoption of emerging technologies, and business performance across diverse sectors. This comprehensive analysis of 228 cases reveals significant positive correlations between data strategy implementation and business performance, emphasizing the crucial role of data strategy in enhancing operational efficiency and gaining a competitive edge. However, the impact of adopting emerging technologies on business performance varies by sector, highlighting the need for a tailored approach to technology integration. Thematic analysis uncovers common challenges in data strategy implementation and technology adoption, offering valuable insights applicable to organizations across industries. This study provides a holistic perspective on data-driven transformations, yielding practical implications for organizations striving to navigate the complexities of modernization, and enhance their performance in an evolving business landscape.
Journal Article
The regenerative business : redesign work, cultivate human potential, and achieve extraordinary outcomes
\"What if leaders stripped away all preconceptions about how business operates, allowing the organization to go back to its core and build itself back up to become something new--something so responsive, so innovative and resilient, it becomes virtually non-displaceable in the market? The Regenerative Business sets the stage for what is now only dreamt of by most of today's forward-thinking leaders and paves the path to make it possible.\"--Amazon.com.
Book
Know Your Own Strength
Heichler discusses the importance of understanding and leveraging strengths in order to achieve success. She emphasizes the need for companies to go beyond quantifying their strengths and instead gain insight into which strengths are meaningful to specific customers and what they are worth in terms of various benefits. She tackles the significance of identifying core capabilities and modularizing them to capitalize on new opportunities and respond to changing business conditions. Additionally, she explores how a sense of collective strengths can help organizations persevere and grow in difficult times, including after traumatic events. She suggests ways in which leaders can facilitate post-traumatic growth in their organizations.
Journal Article
Strategic Alignment Reconciles Purpose and Profitability
The long-running debate about whether a company’s purpose should be a values-based goal or simply the goal of turning a profit presents a false choice. Strategic alignment requires both: Chasing profit alone won’t yield a sustainable enterprise, and a noble purpose that is out of step with market realities is destined to fail. Successful long-term strategies align both purpose and profit.
Journal Article
Enterprise resource planning, corporate governance and internal auditing : an institutional perspective
This book investigates how corporate governance is directing the internal audit function (IAF) adaptation as a response to enterprise resource planning (ERP) systems. To date, there is insufficient knowledge about the adaptations of the IAF, which are required if it is to maintain its essential role as a governance mechanism. This book extends the reader's knowledge by exploring and theorising the adaptation of the IAF after ERP introduction and points towards future trends. Adopting an institutional approach, it analyses how the IAF responds to the external governance pressures and the internal pressures of the control logic following the introduction of an ERP system. Featuring data from two listed companies in the food and beverage sector and two large banks operating in Egypt, this volume will be of interest to researchers and academics in the field of financing and ERP systems in particular.
Book
Tap Employee-Creators to Transform Your Social Media Strategy
Dinin discusses the value of employee-creators, employees who produce content on their personal social media accounts that reflects positively on their employers. He provides examples of successful employee-creators and outlines seven steps for businesses to cultivate employee-creators within their organizations, including creator training, setting clear content expectations, providing production resources, nurturing a supportive community, defining clear value metrics, establishing compelling incentives, and preparing for success. He also emphasizes the power of employee-creators in reaching large audiences and championing brand values.
Journal Article