It’s not about the size of the process. It’s all about management capacity.
“How big is a process?” The very insightful comments that answer the question bring forth many interesting perspectives on the size of a process. Ranging from the length of a string to single “value chain” process, the debate is very enlightening.
Benjamin Franklin was a man of action. Over his lifetime, his curiosity and passion fueled a diverse range of interests. He was a writer (often using a pseudonym), publisher, diplomat, inventor and one of the Founding Fathers of the United States.
His inventions included the lightning rod, bifocals and the Franklin stove. Franklin was responsible for establishing the first public library, organizing fire fighters in Philadelphia, was one of the early supporters of mutual insurance and crossed the Atlantic eight times. Self-development was a constant endeavor throughout his incredible life.
Benjamin Franklin was clearly a man who knew how to get things done.
We have heard some representatives of big companies saying that it is easy to change small companies, but changing a big one is difficult to do. Still there are several big companies like Best Buy, Apple, Microsoft, Google and IBM that are huge and still succeeding well. One thing that is common to them is…
Recall your worst day at work. [It’s probably not hard to do.] What made it so bad? Was it the workload, the number of meetings, the cafeteria food that day?
Probably not. Probably it was your manager. Something she did, or something he said.
Do you want to learn more about how YOU can be aspire to be an even worse boss? Then read on, dear friend.
Sometimes we tend to confuse managing business processes withbusiness process management (BPM). But really, what’s the difference?
A recent congressional hearing caught my attention. It focused on the subject of miserable employees — more specifically, the record-low engagement of employees in the U.S. Department of Homeland Security (DHS).
DHS was advised to spend time and money “training” managers and supervisors. The problem, the agencies were told, stems from poor work-life balance, benefits, pay freezes — that sort of thing.
This is completely misguided.
Before establishing a business process in a complex organization can be successful, we will have to overcome many obstacles. Especially if our intention is to initiate or adopt a BPM solution in a company where there is no BPM culture.
But, what’s the biggest hurdle?
The traditional way of measuring value and business performance of a company is changing. For an increasing number of stakeholders, financial statements and balance sheet information just isn’t enough. Emphasis is now on sustainability, especially related to reputational risk and corporate image. A sustainability incident, like discovering child labor in the global supply chain, can be extremely harmful to brand value and thus revenue and profits.
To: CFO Research Services From: Senior finance executives Date: Fall 2011 Re: Growth prospects Dear CFO Research Services: You may think from our recent response to your survey questionnaire, entitled “Strategies for Better Business Insight,” that we see bright growth prospects ahead. You’d be wrong. The real picture is more complicated. Although a majority…
All too often, finance departments face the same challenges at the end of every reporting period—whether it’s monthend, quarter-end, or year-end. The department must prepare financial reports and statements such as balance sheets, cash flow statements, income statements, and increasingly, management reports, as well as provide information about key performance indicators. On top of that,…