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Editor's Note:  If you are interested in becoming an expert on Change Management, take a look at Flevy's Change Management Frameworks offering here.  This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts.  By learning and applying these concepts, you can stay ahead of the curve.  Full details here.

In its lifespan, every organization must confront radical Change.  In this Digital Age

In this week's blog post, we're sharing insights on our interview with David Asermely. David is a global Model Risk Management Lead at SAS driving strategic conversations with global institutions and influencing the SAS model risk management solution roadmap. He is passionate about translating data into actionable intelligence, and he focuses on combining the best technologies and design principles to improve modelling efficiency and quality. Based on that, we invited David Asermely to talk abo

In this week's blog post, we're sharing insights on our interview with Terisa Roberts. She is a Director and Global Solution lead for Risk Modeling and Decisioning at SAS. She has extensive experience in quantitative risk management, and advanced analytics. She has worked in a variety of industries, including financial services, telecommunications, energy, retail and government. She advises banks and regulators around the world on best practices, topics in risk Modeling, Decisioning, and the r

Supply chain management across industries is being revolutionized at a rapid pace by technology.  By implementing technology systems, supply chain organizations aspire to eliminate waste, meet customers’ needs at reasonable costs, and ensure profitability.   Enterprise Resource Planning systems facilitate in processing unstructured data at an aggregated level.  However, at workflow or micro level the data produced through ERPs needs to be further refined to understand costs.

Supply chain experts

Mediocre people occupying senior leadership positions is one of the chief reasons for the fiasco and humiliation that organizations like Enron and WorldCom faced.  The practice of recruiting average people at the top is omnipresent and often goes unnoticed until the results begin to surface, which is typically too late for any intervention.

Smart people decisions matter a lot in achieving profitability.  Research indicates that a return on average human asset of 5% is typical in many industries. 

Here’s why Telecom billing & Revenue Management making trend in the Industry. In this era of digitalization, telecom businesses are facing several challenges. The augmented demand for Telecom Billing & Revenue Management is largely due to the accelerated growth of the telecommunication sector. As there is a growing customer base, as well as the implementation of advanced services, is generating a huge burden on the present debit charging system.  This may result in a drop in the quality of servi

Traditional Talent Management practices fail to meet the high-potential talent requirements imperative to compete in the digital world today.  In fact, they disappoint the key talent available in the market.

A 2016 Digital Business research by MIT Sloan Management Review and Deloitte on 3700+ executives reveals attracting and retaining talent as the most pressing concern for organizations large or small.  The study indicates that organizations that are still using traditional approaches to manage

AI in Asset Management is trending and making a Wave in the Industry. Here is what You Need to Know About artificial intelligence and its application in asset management. The artificial intelligence finds its applications in various fields of industries. Presently, the main areas where AI is gaining more attraction is financial assets management that include investment banking, personal financial management, and fraud detection. With the advancement in technology, application of machine learning

In the wake of global pandemics when meeting face to face is not possible, it’s about facilitating workshops digitally, designing a formal agenda, and utilizing digital tools to ensure a productive virtual meeting.  Digital Collaboration Platforms have been pivotal in the current scenario.

As a matter of fact, Digital Collaboration platforms have become a new norm and have forever transformed business work environment.  Digital Facilitation tools are extensively used by facilitators, Change Manag

Changing industry ecosystems and competition today demand from the organizations to undergo strategic shifts.  The purpose of a company is undergoing Business Transformation from serving the interest of shareholders to serving all stakeholders that influence the organization.

Shareholders are often considered the only stakeholders that invest in a business.  Senior management needs to be cognizant of the importance of shareholders as well other stakeholders who create value for the organization. 

A wound happens when the skin, the largest organ of the human body, is broken because of some accident or injury. There are various types of wounds but generally, serious injuries, bleeding wounds, and infectious wounds ought to be dealt with. Management of wound and its recovery is a perplexing and cooperative process that incorporates pre-cleaning, germ treatment, wound healing, infection prevention, and treatment technique.

This cycle is typically done with the aggregate involvement of special

Large manufacturers are often reluctant to share knowledge with suppliers.  However, supplier networks are considered a great source of gaining competitive edge by Learning Organizations.

A Learning Organization is founded on innovation, free flow of ideas, and a consistent focus on transforming the ways of doing business in order to achieve the desired results.  For instance, Toyota out-performed its competitors in the 2000s era by incorporating the principles of Learning Organization in its cul

Financial crisis, adverse supply shock, technological disruption, or natural hazards and disasters significantly affect global businesses.  Recessions caused by these global incidents and problems have serious outcomes on commodity prices, stock markets, economies, and even countries.

A Downturn can be described as a contracted business cycle with a significant decline in economic activity across markets with subsequent drop in spending, GDP, real income, employment, and manufacturing.  Downturns

In the modern age, organizations are striving to form a sustainable Supply Chain system to cope with the challenges that are arising. Such issues include the emission of hazardous substances, excessive resource consumption, Supply Chain risks, and complex procedures.

Through Strategic Planning, organizations around the globe are adopting strategies to become a sustainable organization.  In fact, there is an increasing trend towards organizations adopting sustainable Supply Chain Management practi

Supply chain thinking used to be limited to the managers of a few global companies—companies that were struggling to coordinate internal information and materials. This, however, led to an exciting boom in cross-business coordination based on Supply Chain Management concepts.

Today, the field has broadened and shifted over time. Current supply chain trends—differentiation, outsourcing, compression, and collaboration—are being used to restructure supply networks and improve coordination. As more c

A commonly quoted statistic is that 80% to 95% of the cost of a product is determined by its design and is therefore set before the item enters manufacturing. This assumption suggests that the dominant focus of Cost Management should be during Product Development and not during Manufacturing.

However, contrary to a widely held assumption, companies can integrate a variety of Cost Management techniques not only in the design phase but throughout the product life cycle.  This is to ensure that ther

Supply Chain Resiliency is the capability of the Supply Chain to be prepared for unexpected risk events. It is the Supply Chain’s ability to respond and recover quickly to potential disruptions. It can return to its original situation or grow by moving to a new, more desirable state in order to increase customer service, market share, and financial performance.

Resilience is currently an increasing concern in the Supply Chain caused by globalization. The Supply Chain is globally being subject to

There is a general belief among organizations that a large percentage of a product’s costs are locked in by design.  It is assumed that little can be done once the design is set.  This assumption has influenced cost management programs across diverse products’ life cycles. As a result, the focus during the design phase is Cost Reduction and Cost Containment during the manufacturing phase.

Yet, organizations that operated in a highly competitive market and demanded aggressive cost management showe