When COVID-19 began rampaging across the U.S., every business — no matter the sector or industry — had to examine and/or rethink its strategy. In short, the pandemic highlighted the value of preparing for the unexpected through risk analysis and management. Risk analysis is the strategic process of assessing the likelihood of an adverse event and working to minimize future negative unforeseen effects.

While risk analysis may not be able to avert natural disasters or preclude catastrophic events,

Transformation from a product-based model to a platform model is a dream for many executives.  More and more product companies are now shifting into a platform model.  The drive behind such a shift is the huge success of platform companies—e.g., Amazon, Google, and Apple.  These organizations started out as a retailer, search engine, and iPod manufacturer respectively, but later transformed into platform models.

However, bringing this transformative vision into reality is anything but straightfor

Scalability is defined as possible meaningful changes in magnitude or capacity.  In business terms, it’s the capability of a system to enhance productivity upon resource augmentation.  Scalability provides an organization the capabilities to develop compelling value propositions—that are hard to imitate by the rivals—and achieve profitable growth even in the wake of external threats, cut-throat competition, stringent laws, or financial downturns.

Today’s challenging business ecosystems and econ

Performance evaluation serves as a health check on operations and individuals’ work.  The organizational maturity notion signifies the progress of an organization in terms of developing its people, processes, technology, and capability by implementing quality practices.  Organizations aiming to achieve the highest maturity levels in performance need to take care of the intricacies involved in deploying a Performance Management system and the relationships it has with the other key organizational

Organizations are continually searching for innovative ways of enhancing competitiveness. This is brought about by evolving external factors such as changing demographics, globalization, and technology. Because of changing dynamics, it has required managers to rapidly rethink and retool their organizational management strategies.

Coming up with the appropriate strategies calls for an increasing need for organizational diagnosis in developing and maintaining a competitive advantage. Researchers be

Lean Management plays a significant role in putting in place processes, capabilities, and tools to improve how businesses operate. But, the Digital Age has increased both the opportunities for businesses who know how to react and the difficulty of getting it right.

Tasks performed by humans are now more complex be it accessing information in multiple formats from multiple sources or responding to changing market and customer dynamics at an ever-increasing speed. As an increasing number of tasks b

As the last decisive step in customer service, a warehouse ensures cost effective distribution.  Latest technological innovation has turned warehousing into a competitive advantage.  It offers untapped potential for improvement. However, warehousing is a hugely neglected part of global supply chains.  There is inconsistency in picking, packing and shipping orders, storing receipts, and managing inventory and logistics operations.

These and the following roadblocks in the way of smooth warehousing

Functional organizations are facing dramatic changes. Businesses are becoming more focused around capabilities and demand leaders of functions to play a more strategic role. With a less stable environment and more intense competition, a premium is put on agility and flexibility with an increased emphasis on performance results. In effect, functions are pressured to boost operation excellence while reducing costs.

But given the day-to-day transactional needs of business and the long-range in-depth

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

One of the most exciting things in general about home theatre and audio is that it always evolves. Back in the 1980s, when the home theatre was introduced, Laserdisc was the best technology available to consumers with two channels of audio. The technology is continually being moved forward into new areas these days with 4K Ultra HD content and receivers that can accommodate up to 13.2 channels with Dolby Atmos. Companies are always striving to stay on top of the existing trends and also look to

Forming a team takes time. Companies cannot expect a new team to perform well when it first comes together. Members often go through stages as they change from being a collection of strangers to a united group with common goals.

“Coming together is a beginning. Keeping together is progress. Working together is success. – Henry Ford”

Team formation needs to take recognizable stages of development. A team’s internal processes usually change over time. Team functioning generally improves after the te

All about Subscription Model

A subscription model is based on the idea of selling a product or service to obtain monthly or yearly subscription revenue. The model primarily focuses on customer retention rather than customer acquisition. Essentially, subscription models pay attention to the way revenue is made, i.e., they look for ways in which a single customer pays multiple payments for prolonged access to a good or service.

Market research subscription services provide a one-off value by offerin

Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models. This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic and organizational practices required to organize and inspire creativity.

Large firms are, generally, better at implementation rather than innovation due to their long-established ways of doing business and other cultural elements. Their success is owing to optimiza

Not many people have heard about the ADKAR MODEL!

Developed by Jeff Hiatt—the Founder of Prosci (a Change Management research and advisory)—the ADKAR Change Management Model is a potent tool for professionals and leaders responsible to manage and sustain successful change. ADKAR stands for 5 sequential building blocks that are essential to drive successful change at both the people as well as the business dimension:

• Awareness: All employees must be aware of the business reasons for change.
• Desire:

Complimentary Financial Risk and Regulation Publication – Written by the Industry, for the Industry…

Risk Insights Magazine, Issue Eight (70+ pages of articles, interviews and video insights).

Issue Eight features insights on:

Technology Innovation | Regulatory challenges | Vendor & third-party risk | Operational risk | IFRS 17 | Liquidity risk.

With authors from the industry’s leading Financial Institutions, including:

Prudential | UBS | HSBC | Nordea | Barclays | National Fraud Intelligence Bure

marcus evans will host the 12^th Edition Model Risk Conference on June 25-27, 2018 in New York. This conference will provide firms with practical tools to enhance infrastructure capabilities and improve model lifecycle management, in order to foster faster responses to changing regulatory demands. Attendees will explore best practices for employing advanced analytics and improving quantitative capabilities to help further optimize model validation techniques. Finally attendees will evaluate the C

Challenges to the Not-for-Profit Organizations: Lessons from the Delta Model.

Singapore's Case-study

Click on the link below to see the entire PP presentations:

Part 1: The Delta Model as Applied to Not-for-Profit Organizations

DeltaModel_NonProfit_1.pdf

Part 2: Singapore Fundamentals and the Role of the Economic Development Board (EDB) in Making Singapore one of the most Advanced Economies in the world

Singapore_EDB_64.pdf

Upon request, I will send you the complete training program (electronic and non

GFMI will host the 11^th Edition Model Risk Conference on January 24-26, 2018 in San Francisco, CA. This 11th installment will bring together leading professionals in model risk, model validation, model governance, and in other related roles to help financial firms produce high quality models that are compliant with the regulations. By attending this conference attendees will learn how to enhance model risk management in an evolving inter-agency framework and how other firms are implementing diff

Getting Funded: How to calculate your total addressable market and make a great TAM slide for investors

By: Jared Sleeper

Source: For ENTREPRENEURS

I’ve seen hundreds of startup pitch decks in my time at Matrix, and have found total addressable market (TAM) slides to be among the most frequently mis-executed. I get the sense they are often included as a formality in an attempt to get VCs to check a mental box and continue on hearing about other important things: the product, the team, the progress,