article thumbnail

Compliance vs. Commitment (On Behavior Change)

Ed Batista

Broadly speaking, there are two very different ways to accomplish such behavior change: enforce compliance or build commitment. Enforcing compliance is easy at first, but it becomes more difficult with time. Even more fundamentally, enforcing compliance fails to address any resistance to the leader's expectations.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Future-Proof Your Strategy: Capabilities Analysis

UVA Darden

Decide what needs to be done in-house and what can be outsourced to streamline operations and execute your strategy more efficiently. He consults with several top financial services companies on the topics of strategic management, ethics and compliance. Pinpoint areas that are strong and a source of competitive differentiation.

article thumbnail

Future-Proof Your Strategy: Environmental Analysis

UVA Darden

These are leaders that constantly and consistently analyze their own strategies and the competitive context in which they operate. This step-by-step framework empowers you to: Identify and decipher the forces that could influence your business model, operations and demand for your products and services.

article thumbnail

Future-Proof Your Strategy: Environmental Analysis

UVA Darden

These are leaders that constantly and consistently analyze their own strategies and the competitive context in which they operate. This step-by-step framework empowers you to: Identify and decipher the forces that could influence your business model, operations and demand for your products and services.

article thumbnail

Future-Proof Your Strategy: Competitor Analysis

UVA Darden

Think about two things: First, what are the objectives and operating assumptions driving your competitors? He consults with several top financial services companies on the topics of strategic management, ethics and compliance. In 2013, Lenox co-authored The Strategist’s Toolkit with Darden Professor Jared Harris.

Cash Flow 111
article thumbnail

Shared Services Get Strategic

Chief Executive

This is the work that Barani did back at Salesforce in 2013. His remit at the time was to deliver operational excellence to the company’s diverse functions, at scale. Last to migrate over were legal and compliance. One Step at a Time. He began this journey by forming the GBS center to process the transactional tasks in finance.