Strategic agility: challenging value creation

What do Airbnb, Uber and Netflix have in common? They are all proficient at recreating value in markets where the competition has been intense for decades, forcing prices down. What can we learn from these so-called «disruptive» companies that leverage innovative business models to uncover new growth drivers? The success of some of the most…

Read more… 0

Managerial innovation, the key to the successful transformation of OCP

Managerial innovation was the theme of the conference organized on April 7 by EMLYON, Mérieux Université and Business Digest, illustrated by the example of the transformation of OCP (Morocco), with speakers including Amar Drissi, executive vice-president of the OCP group. Amar Drissi is in no doubt that management is about overall leadership. In 2006 OCP…

Read more… 0

Encouraging without coercing: Start nudging!

Do you agree that command & control is simply no longer the way to go? Then how about trying gentle encouragement? In the previous issue of Business Digest, we highlighted the notion of the nudge, which co-authors Richard Thaler and Cass Sunstein present as a means to subtly direct individuals’ decisions toward the collective good…

Read more… 0

Change goes through communities

What is the essence of a company? It’s sum of all the company communities in which individuals share ideas and collaborate beyond the boundaries of management, geography and role. Rather than looking for personal success, employees are in constant pursuit of social relations, fulfillment and a sense of belonging to a group. The ability of…

Read more… 0

What can you do when change is exhausting your teams?

The increasingly transitory nature of competitive advantage is forcing companies to reinvent themselves continually just to keep their heads above water. But perpetual change doesn’t necessarily guarantee success. How can companies find an effective balance between flexibility and stability? How can leaders limit the risk of exhaustion within their teams? The roots of organizational fatigue…

Read more… 0

Turnaround: Third World Lessons For First World Growth

By Peter Blair Henry (Basic Books, March 2013) Our selection: What economic lessons are there in the emergence of China, Brazil, and Mexico—countries considered “Third World” up until recently? How can we make sense of the opposite trend, or the downward slide of “developed” countries, now teetering on the edge of doom? According to Peter…

Read more… 0

The stress-free approach to adopting a corporate language!

Based on: “Global Business Speaks English” by Tsedal Neeley (Harvard Business Review, May 2012). Hiroshi Mikitani, CEO of the e-commerce giant Rakuten, made a bombshell announcement in March 2010: the Japanese company’s 7,100 employees had two years to become competent in English! With fewer than ten per cent of the group’s employees able to speak…

Read more… 0

To Maintain Trust in the Workplace, Recognize the Need to Grieve

The departure of a manager, the abandonment of a project, the closing of a site … each of these events is a loss that has to be dealt with in the open during a suitable grieving period. Otherwise, the silent accumulation of these “little deaths” will damage employees’ trust in management. It’s clear: major shifts…

Read more… 0

Identifying Beliefs That Get in the Way of Change

To change an organization’s culture, working on employees’ beliefs is indispensable. It starts with a cultural diagnosis ! Acting on the beliefs that reign within an organization is the key to change. A company’s performance depends on its ability to adapt to the changing needs of its clients and employees—which requires knowing how to bring…

Read more… 0

Implementing Culture Change

Once you ave diagnosed the company culture, how do you implement change? The answer can be found in a practical, five-step guide designed to mobilize leaders, managers, and line employees. The main challenge is getting employees to be committed for the long term, because culture change does not occur overnight. It usually takes several months…

Read more… 0