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Industry Disruption: Sequence and Timing of Responses Are the Key to Survival

Idea posted: March 2018
  • Strategy

In the case of major industry disruption, successful companies survive through a well-orchestrated series of strategic moves. New research shows that the sequence and timing of those moves can make the difference between failure and success. 

Idea #698
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FAEF conference room, Fairport, NY (Source: Wikimedia Commons)

Supervising Projects Despite Limited Time and Expertise

Idea posted: June 2017
  • Strategy
  • Leadership & Change

Time and expertise limitations can cause steering committees (SCs) in charge of major and complex strategic projects to make errors in judgement and decision-making. The result: such common but serious problems as being late and over-budget. Proactive steps and awareness can help SCs avoid the traps.

Idea #661
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An Indian Maharaja in a religious procession, about 1825-1830, (Courtesy: V&A Museum, London)

How Corporate Governance Impacts Human Resources

Idea posted: April 2016
  • CSR & Governance

Through the use of four archetypes, a team of researchers describes the impact of different corporate governance systems on company decisions involving human resources. The team also argues that a corporate sustainability mental frame can overcome the inherent contradictions and challenges in each archetype.

Idea #595
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Stoughton Wisconsin Tornado of 18 August 2005 (Source: NWS/NOAA, Wikimedia Commons)

The Connection Between Disasters and Less Risk-Averse CEOs

Idea posted: October 2015
  • CSR & Governance
  • Finance
  • Leadership & Change

CEOs who have lived through disasters resulting in significant loss of life are likely to be risk-averse executives. Those, on the contrary, who live through disaster that did not result in significant loss of life tend to be less sensitive to the consequences of risk — and thus more risk-tolerant than the norm.

Idea #561
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Cyber-Attack Catastrophe: Lessons from a Plausible Risk Scenario

Idea posted: February 2015
  • Strategy
  • Finance
  • Leadership & Change
  • Operations

The Centre for Risk Studies at Cambridge University has developed a detailed risk scenario describing a slow-burning cyber attack on a fictional software developer that has global consequences. The improbable but plausible scenario, based on a variety of real (but smaller) cases, is intended as a ‘stress test’ for organizations and public policy bodies and offers lessons in how to mitigate the impact of such attacks.

Idea #491
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High CEO Pay Leads to Overconfidence and Poor Results

Idea posted: December 2014
  • CSR & Governance
  • Finance
  • Leadership & Change

A new study shows a negative correlation between high executive incentive pay and company performance: the higher the pay, the worse the future results. This study also pinpoints the culprit behind the negative correlation: CEO overconfidence. The overconfidence of higher-paid CEOs leads to poor investment decisions and unsuccessful M&A initiatives. 

Idea #469
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Wrestler Frank Leavitt, Chicago, 1924 (Source: Wikimedia Commons)

How CEOs Strong-Arm Their Compensation Consultants to Get What They Want

Idea posted: November 2014
  • CSR & Governance
  • Leadership & Change

While previous research has never shown a direct link between the hiring of compensation consultants and increased CEO pay, a new SEC requirement allows academics to test more rigorously for a link: and they find it. According to the research, compensation consultants are used by CEOs as the means to justify higher pay.

Idea #457
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La Asociación Cultural de Aficionados a LEGO® de España, 2012 (Source: Wikimedia Commons)

How LEGO® Helps Strategic Thinking and Idea Generation

Idea posted: February 2014
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change

People tend to think of intense brainstorming sessions in a conference room when they imagine idea generation and problem-solving within an organization. In this Idea, an entirely different and much more novel way of developing innovative new strategies and solutions is presented: playing with Lego bricks! Read on to find out more about how Lego® Serious Play® can help you.

Idea #321
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Martin Luther King, Jr. gives a speech during his MSU visit, 1965 (Source: Michigan State University archives)

Leaders' Charisma, Team Performance and Organizational Change

Idea posted: January 2014
  • Leadership & Change
  • Learning & Behaviour

If a leader has charisma, he/she is said to be more likely to achieve better team performance. But what exactly is it that makes a leader seem charismatic, and why does this have an effect on performance outcomes? In this Idea, these questions are explored, and the behaviours that enhance the perception of charisma are outlined.

Idea #303
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Avoiding the Acceleration Trap

Idea posted: October 2013
  • Leadership & Change
  • Learning & Behaviour

Is your organization stuck in an ‘acceleration trap’? If you demand that your employees constantly give you the same level of accelerated effort, however committed they are, eventually their energy will burn out and the company’s performance will suffer. This Idea explains how to spot this trap, break free from it, and avoid getting stuck in this harmful position in future.

Idea #231
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Embrace infant warmer used to prevent hypothermia in newborns (Photo courtesy of http://embraceglobal.org)

Jugaad Innovation: Lessons for the West

Idea posted: June 2013
  • Innovation & Entrepreneurship

There are many books on to how to inspire creativity and innovation in organizations. But what do you do when there is no shortage of great ideas and the problem is not finding them, but limited capital and other budgetary barriers standing in the way of making them a reality? Give up, or consider a new, frugal approach to innovation? In this idea, the principles of Jugaad innovation are explored, offering companies a new way to innovate when budgets are tight. 

Idea #152
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DIANA, the first computer built by Norwegian pioneer  Jens Glad Balchen at the Department of Engineering Cybernetics, NTNU in mid 1950s (Source: NTNU)

Human Judgement Vs Computer Aided Forecasting

Idea posted: May 2013
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
  • Operations

Is your company about to launch a new product or service into the market? If so, you know how crucial it is to predict as accurately as possible how it will be received; otherwise, you are putting at risk precious time and resources engaged. According to this Idea, there is a way to make an intelligent forecast that involves a combination of human and computer judgement. Faculty from Judge Business School and IE Business School explain how.

Idea #139
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Idea of the Ancient Via Appia and Ardeatina, Giovanni Battista Piranesi 1720-1778 (Source: Wikipaintings)

Organizational Capabilities Fit for the Future

Idea posted: April 2013
  • Strategy
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour

In the past bureaucratic hierarchies were at the core of most organizational structures. Now, things have changed; from established notions of leadership to operating environments, businesses are going through revolutionary times. In this Idea, a new leadership style for this new environment is put forward - one that combines the best of bureaucratic and ‘post-bureaucratic’ experiences to develop capabilities fit for the future.

Idea #132
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Principles of Competitive Global Talent Management

Idea posted: February 2013
  • Strategy
  • CSR & Governance
  • Leadership & Change
  • Learning & Behaviour

Companies must use talent management to build and sustain a talented workforce. Recruit, develop, deploy and retain the right people; these are the core aims of a successful global talent management strategy. Rather than follow untailored ‘best practices’ to do that, a company can subscribe to six outline principles that are consistent with the organization’s overall strategy and culture.

Idea #018
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