The Real PPE: Profit, Purpose, and Empathy.

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The PPE (Philosophy, Politics, and Economics) degree is probably the most sought-after to get you places – at least in the UK, and particularly if you want to get into politics. PPE at Oxford University has been preparing people for important jobs for decades, or at least that’s how it’s seen. The list of those who studied it includes David Cameron, William Hague, Jeremy Hunt, and Philip Hammond. The list goes on with notables like Tony Abbott (former Prime Minister of Australia), Ian Davis (former Global MD of McKinsey), Antony Jenkins (former CEO of Barclays Group), Stephen Hester (for CEO of RBS Group), Liaquat Ali Khan (first Prime Minister of Pakistan), and Abhisit Vejjajiva (former Prime Minister…
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With or Without Us: Strategic Management in the Age of Cognitive Technology.

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Let’s talk strategy. The history of strategic management began when companies had to deal with strategic choices, products and service scope, geographic choices, positioning on the market place, and organization design. It all began in B-schools, and was known as Business Policy when it was first taught at HBS in the 60s, designed to integrate all other courses in the second year. A number of scholars had influenced the topic of strategic management, including the following:

Taylor’s principles of scientific management Robinson and Chamberlin’s economic theories of imperfect competition Schumpeter’s creative destruction Cyert and March’s behavioral theory of the firm

The birth of strategic management can probably be credited to the following three scholars who collectively…
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The Real Battle Of Virtual Reality: Who Will Be The Winner For Round One?

 

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There are a few big tech trends making a sea change in the next three years, including driverless personal transportation, intelligent homes, and, of course, virtual reality. While none of these concepts are new, they are now a reality – and on a trajectory to become as commonplace as a smartphone.

Engineers and designers have been playing around with virtual reality, a technology that immerses users in an artificial world, for almost 30 years. Last year, we’ve finally seen their achievements through the Oculus and Vive launches, but this is the year it will finally take off. Electric cars, for example, have been promised for more than a century, and now that Tesla nailed it,…
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The 5 Year Plan Is The New Long-Term Plan.

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The most common complaint among senior executives is that the short-termism of capital markets and the board, along with the need to meet or beat quarterly earnings, is limiting a company to invest in riskier innovation – but many supposedly game-changing innovation projects that align with long-term business strategies are not getting board level approval. The short-term performance pressures result in an excessive focus on quarterly earnings, with less attention paid to strategic fundamentals and long-term value creation. Many executives respond to these pressures by cutting research and development and foregoing innovation investment opportunities.

It’s important to manage earnings, but companies must avoid short-termism. By optimizing for the current quarter, can this really impact the strategic health of an organization over time? Believe it or not, it’s…
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Stop Blaming The Culture. Check If Your Business Models Have Long Expired.

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I walked into an event last week in San Francisco to a panel discussing how culture is everything when it comes to innovation. I had to interrupt, because they didn’t really know what they were talking about. Everyone puts an emphasis on culture – understandable, as it’s an easy target to blame as the biggest and single root cause of a company’s inability to reinvent themselves.

I’ve talked to many strategists in my company, telling them that no one should be writing any whitepapers on cultural change, as they have no idea what it means. It’s easy to say that something is a culture problem, and that transformation is needed. But no one knows the “how” – and the “how” is not that simple. At the core of that is…
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Corporate Turnaround? Here’s What You Should Do To Get Your Organization Out From A Crisis.

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If you look around, you’ll notice many once high-flying companies get stuck. They are either in a downward spiral or simply experiencing a slow death. Instead of looking for creative ways to break out, many choose the safest paths of cost cutting and settling in order to fix yesterday’s problems – but they aren’t taking advantage of tomorrow’s opportunities for a bounce back. Boards and C-suite executives need to start a new dialogue about the complex and wicked challenges ahead of them. This takes strategic foresight and resilience.

Resilience, says psychologist Robert Wicks, is “the ability to learn from and rebound from challenges, adversity, and stress.” When you’re resilient, you’re able to keep going mentally and physically in spite of the…
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The End Of Strategic Planning And The Rise Of Strategic Foresight.

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Strategic planning has long become less tenable to structural change. As the pace of change accelerates, the false belief that planning can support this is becoming an impediment to, rather than a tool for, attaining corporate objectives. Strategy development is often the least understood. It’s also a frustrating undertaking for many, and doing calendar-based forecasting is the easy part – as long as you ignore key strategic issues. Once these strategic issues are surfaced, however, it becomes very difficult as discussions switch to potential disruptions and even the survivability of the business.

What happens most often is that, at the end of this expensive, painful, and time-consuming process, many executives are still frustrated by its lack of actionable conclusions on either their…
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How Do You Make Managerial Decisions? Must Read For First Time Managers.

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Manages and executives make decisions on an hourly basis, addressing everything from operational issues to strategic issues. The decision-making process of a manager can be broken down different styles and not mutually exclusive and some are more calculated, intuitive, and even irrational. From the moment we get up every morning our decisions skills (born and adopted) are being tested. What are the key decisions that can shape the company’s future? Or for some, what decisions I need to avoid making today?

Classic economist theory tells us that rational human beings should make decisions that have a positive long-term effect on their wellbeing. You know how true that is? And of course, anyone who has ever bought anything luxury…
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5 Most Common Myths About Digital Transformation You Should Know About.

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C-suites are finally coming around to the realization that digital is not just technology, and it’s not a channel either. There are many definitions of what digital transformation really means, as well as the speed, scale, and scope. The messages are nothing new, but the implications and bets are high. Most of the energy and resources invested over the last five years in digital (which already sounds dated) were on the outer layer of the digital onion. But the more you peel away, the more you realize that transformation needs to go all the way to the core. Most companies are digitally equipped, but powered by an analogue core. It’s like playing at Wimbledon with wooden tennis racquets while…
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Idea Couture Announces New Management Structure.

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FOR IMMEDIATE RELEASE

San Francisco / Toronto / London – April 1, 2016

Idris Mootee, Idea Couture’s CEO who co-founded the design thinking strategic consultancy with Scott Friedmann and Cheesan Chew with the mission to bring “Design Thinking and Advancing the Human Experience to Business Strategy,” is announcing a new management structure.

Today, the company announced new additions to the executive leadership team, who the board has chosen to lead the organization into the next phase of its growth and success. The new team balances continuity in key positions with the elevation of the next generation of emerging leaders from within the company, as well as world-class non-human talent from outside of Idea Couture, making the company the world’s first to admit…
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