Blue Ocean Strategy vs Red Ocean Strategy

Don’t you just hate when people make up terminology to suit their purpose? You may think that Chan Kim and Renee Mauborgne may fall into the category of trying to coin new words to set their concepts apart, but there is method to the madness.

FIVE WAYS TO ENGAGE EMPLOYEES IN CHANGE

Change is constant in most organizations—and it is an essential component of growth. Typically, when organizations undergo change initiatives, leaders tend to focus on laying out the procedural steps they must take, but they often ignore the human component of change: steering their team toward the new vision, transforming culture, encouraging learning and growth, and communicating.

FRESH START

They are the once-and-future CFOs, finance executives who may have thought they’d left the position behind but find themselves back in the saddle — and loving it.

10 CUSTOMER TYPES TO FEAR AND LOVE

You know them. You fear them. You love them. Now learn to deal with them: The Haggler, The Worry Wart, The Expert, The Evangelist and more are customers who can either help or hurt your business.

STARTING UP AS CFO

Given the magnitude of what CFOs may be required to do, it is no surprise that the first 100 to 200 days can be taxing. Yet those who have passed through this transition suggest several useful tactics. Some would be applicable to any major corporate leadership role but are nevertheless highly relevant for new CFOs—in particular, those who come from functional roles.

NEW SUPPLY CHAIN JOBS ARE EMERGING AS AI TAKES HOLD

Companies are cutting supply chain complexity and accelerating responsiveness using the tools of artificial intelligence. Through AI, machine learning, robotics, and advanced analytics, firms are augmenting knowledge-intensive areas such as supply chain planning, customer order management, and inventory tracking.

THESE 4 TRENDS ARE SHAPING THE FUTURE OF YOUR JOB

Whether you’re an optimist pointing to predictions of job creation or you’ve been worrying that a robot might be after your job, one thing is for certain.

CEOS SHOULD THINK LIKE FOUNDERS, NOT JUST MANAGERS

In 2001 the list of companies with the highest market caps was dominated by blue chips. General Electric, Microsoft, ExxonMobil, Walmart, and CitiGroup — all were businesses led by managers who were experts in efficiency and optimization and who grew their businesses by making them work better than they had previously.

CULTURE IN SMALL BUSINESSES

Corporate culture refers to the shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature. Corporate culture is rooted in an organization's goals, strategies, structure, and approaches to labor, customers, investors, and the greater community. As such, it is an essential component in any business's ultimate success or failure.

BEING AN INTROVERT IS A STRENGTH

When Cindy Robbins was tasked with leading Salesforce's human resources division, she felt "uncomfortable" with the new role. A self-described introvert, Robbins says she has learned to become "comfortable with being uncomfortable."

TO BE A SUCCESSFUL ENTREPRENEUR, FIRST MASTER THIS 1 BASIC SKILL

Every entrepreneur needs to have countless skills, from creative brainstorming to logical analysis and decision-making. And these skills range in complexity and specificity, with basic ones like time management permeating your day, and more complex ones that are exclusive to your industry and are acquired only through experience.