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Michael Eugene Porter—a Professor at the Institute for Strategy and Competitiveness, Harvard Business School—is widely acclaimed for his unmatched prowess in competitive strategy, strategic planning, global economic development, and the application of competitive principles and strategic approaches.  Renowned as the father of modern day strategy, Dr. Porter is an author of 18 books and a number of articles.

His scholarly writings on management and competitiveness are ranked as the most influentia

There can be many benefits when it comes to going into partnership for a business. Two minds means more ideas for your business and the potential to grow even more. If the partner is a close friend, it can also be fun to work with them. Partnerships tend to be quite popular in corporate and professional service businesses.

Unfortunately, there can also be downfalls when getting into partnerships. Even if the partner is someone that you trust highly, disputes can be rather unexpected in business p

Creating a culture that measures productivity objectively is a sensitive matter. Key Performance Indicators (KPIs) are being employed extensively by organizations across the globe to monitor and track performance.  KPIs provide valuable metadata to improve top-down and bottom-up vertical efficiency.

Analytics-driven firms are aware that KPIs are much more than a tool to evaluate performance.  Utilizing KPIs, they gather valuable insights, create enterprise-wide accountability, and develop a goal-

Every firm will eventually reach the point when it has to professionalize the way it operates. This is done by instituting more rigorous processes, establishing clear governance, and recruiting skills from outside. Family Business is no different.

In the Family Business Survey, 43% of the companies believe that the need to professionalize the business is a key priority over the next 5 years. But the family firm has another dimension which other companies have to tackle: the family itself.

The issu

Family businesses are an overlooked form of ownership. Yet, they are all around us. One-third of companies in the S&P 500 index and 40% of the 250 largest companies in France and Germany are defined as a family business. A family business means that a family owns a significant share and can influence important decisions.

As family businesses expand their entrepreneurial beginnings, unique performance and governance challenges are encountered. The generations that follow the founder may insist on

Sustainable, superior returns accrue to companies that focus on what they do best. It is that simple. Yet it is incredibly hard to internalize. It is a rare company that focuses on what we do better than anyone in making every operating decision across every business unit and product line. Rarer still is the company that has aligned its differentiating internal capabilities with the right external market position.

These companies are called coherent.

Most companies do not pass the coherence test b

As Western companies are being put under increasing pressure to cut expenses and improve return on assets, the dilemma of whether to keep key functions in-house or outsource them has taken center stage.

Manufacturing units are being identified with Make-or-Buy Decisions as third-party suppliers in Eastern Europe, China, and other low-cost regions hold out a promise of significant advantage that companies in developed countries can’t offer.

The Make-or-Buy Decision extends beyond manufacturing. It

In today’s exponentially disrupted business environment, incremental improvement is not enough. It is not enough to win today. We have to be able to continue to evolve today and in the future.
In the world of unprecedented disruption and market turbulence, Business Transformation today revolves around the need to generate new value. We need to unlock new opportunities, to drive new growth, and to deliver new efficiencies.

Yet, the reported failure rate of large-scale change programs has hovered a

Effective Succession Planning in Family Business has been redefined in the 21^st century.

The Family Business sector continues to be vibrant, successful, and ambitious. This, despite tough economic conditions and accelerating pace of change.  Family firms are vital to all economies.  It offers stability, a commitment for the long term, and a responsibility to their communities and employees.

However, despite the extraordinary longevity of individual family firms, the average life span across the se

In an era of digital business and rapid technology change, virtually no company can ignore the imperative to innovate. Failing to do so is an invitation to lose business.

To learn how companies are responding to this mandate, PwC conducted a major global study in 44 countries. The goal was to understand how leaders view innovation and what is being done to reap its rewards. Findings showed that companies are struggling with aligning innovation efforts with business strategy. Companies across a wi

Digital-savvy startups are disrupting markets and threatening conventional businesses.  They are doing this by utilizing technology to offer new products and services and providing tailored yet uncomplicated experiences for their customers.

Likewise, large traditionally-run firms will have to keep evolving their Customer Experience approaches to secure additional avenues of revenue and to stay competitive.  To accomplish this, they will need to develop capabilities to effectively utilize insights

Entrepreneurs some day or other are fraught with difficulties of investing their activities heavily. In total, the fact of how quickly it solved affects both the further development of the business and its success. We make an all-out effort, maximum means to get the money supply. It is not infrequent that the loans are used for this purpose. Few of us have the opportunity to borrow large sums of money from family or acquaintances.

Therefore, the most popular and correct solution is using a person

Application transformation market is growing with cloud and big data technologies, which has raised up the transformation process to the very next level. The enterprises attempt in achieving a competitive edge, which helps in achieving the application transformation process. This application needs to be updated constantly with new technologies and progress the return on investment (ROI), which involves an agile methodology and also a scientific approach for removing the key risks and challenges

The in-store analytics market is gaining immense popularity across the globe. From ordinary functionality to the market strategies, a complete structure can be transformed with the incorporation of In-store analytics. For example, smart carts with site beacons, store surrounded with internet and cameras that deliver the retailers with a broad view of their customers’ requirements, latest shopping styles, and purchasing patterns, etc. These processes impart major data such as customers’ gender, a

A large majority of organizations rarely focus on gathering and utilizing customer-centric knowledge. So much so that they even introduce a product without having vital insights on the customer and their unmet needs, and they are often clueless about them. Consequently, many product development initiatives fall flat as managers struggle to filter and evaluate ideas.

Most organizations, today, are developing initiatives around Customer Experience Strategy and Customer Journey Mapping. Customer-cen

Organizations need to persistently improve the way they do business to stay ahead of the curve. New ideas trigger organizational improvement and build the foundation of a Learning Organization.

Scholars have defined a Learning Organization in many different ways. Some suggest it as an organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights. Marlene Fiol and Marjorie A. Lyles describe organizational learning as “t

Bacteria have a reputation for spreading disease, so the idea of throwing down several billion per day for your health might seem literally and figuratively difficult to swallow. However, more scientific evidence suggests that certain food and diseases that contain certain types of live bacteria can be treated or even prevented. Europeans consume these kinds of advantageous microorganisms, called probiotics (from pro and biota, meaning "for life"), and mostly because of their tradition of eating

Customers, these days, demand ever-higher levels of personalized products and services to suit their needs. Their demand is grounded on technological disruption and access to up-to-date information. They believe that in an economy characterized by disruption and operational innovation—that makes customization possible—they have an excellent chance of getting customized offerings from the suppliers.

Thus, Product Strategy needs to evolve and become more robust, accordingly, to keep up with changin

It gets too overwhelming a process of private limited company registration or LLP registration while staring a new business. It may leave you in doubts, anxiety and a ton of other legitimate issues. One of the major areas that businesses need to stay aware of is Intellectual Property Rights. Once the fundamentals of deciding the right business structure are cleared, IPR helps to differentiate your business from the competitors. IPR yields you the following advantages.

- Can sell or license for cr