“Procurement staff understand they need to apply different levels of sourcing discipline in different circumstances, but the way they’re doing so is too limited—to the point of rendering it ineffective.” This was the lead-in to a recent CEB Procurement Leadership Council post, Applying Sourcing Discipline: The Problem with Procurement’s Approach. In the article, the author seeks to understand [...]
“Trying to get involved earlier is not going to help Procurement increase sourcing discipline. Instead, the function should help the #Business apply greater sourcing discipline.” This is the lead-in to a recent CEB blog post, Rating Business Partners’ Sourcing Discipline. In this article, the Procurement Strategy Council discusses the steps required to enable your #Business#Sustainability stakeholders [...]
Stakeholder engagement within the supply chain has always been a critical component to maintain a successful business. These two-way conversations provide an opportunity to immediately define risk and potential #Business#Sustainability value opportunities. Building upon this fact, our #Sustainability consulting practice continuously reviews stakeholder engagement and new supplier on boarding practices. In the CEB Procurement Leadership Council post, [...]
“Effective onboarding for new suppliers can save time, improve alignment of goals and expectations, reduce risks, and strengthen your relationships with them. Getting off on the right foot with new vendors can mean the difference between a true partnership and a transactional, or even adversarial, sourcing relationship.” This quote was captured in the CEB Procurement Strategy Council post, [...]
“The best procurement organizations deploy tools and processes that make it easy for category managers to assess required strategy depth, make better strategic judgments, and ensure alignment between resulting strategies and #Business priorities.” This quote was captured in the CEB Procurement Leadership Council post, Develop and Deploy Category Strategies. In this text, our #Sustainability consulting practice finds a discussion [...]
Implementing #Business#Sustainability in today's #Environment can be a delicate balance between planning for today and planning for the future. While many organizations are taking more conservative action, our #Sustainability consulting finds leading companies are reevaluating and retooling for the future. A #Business#Sustainability plan can be the framework that brings it all together. So where should your company focus its efforts in 2015?
"The demand to drive #growth has never been greater…Unfortunately, current plans for #growth have less than a 60% success rate unless companies can crack the code on strategy execution. To achieve this, senior #Leaders must figure out project prioritization and unlock capacity within their organizations."
For many #Management teams, it is that time of year when the #Business begins its planning for the coming year. Companies, large and small, are laying out budgets, strategies and work plans that they feel will help their businesses prosper in 2015. Generally, most companies aspire to grow in size and increase profitability each year. In some cases, through divestitures or restructuring, a company may also choose to decrease in size based on its annual #Business strategies. Either way, ...
"There are three challenges that stand in the way of #innovation and growth: lack of available talent, the need for #Business models more accommodating to innovation, and protectionist reflexes. Executives agree that greater efforts at collaboration can make a difference." -Smart Planet
The most successful transitioning #Leaders are not shy about making changes in their new organizations and have the skills required to successfully drive that change. In fact, possessing #Change#Management skills increases the likelihood of transition success by almost 50%." -CEB Views
As we all evaluate the range of possible futures in these #economic times, there is little debate that #Business#Sustainability is on the leading edge of strategic thinking. Every day we find more and more leading businesses taking proactive action to prepare for uncertainties in the future. However, there are still challenges for which every #Business should be aware and for which they should be prepared. One of the common killers may be your current stagnate #Business plan.
Servicing the customer is not a new concept to #Business sustainability; however, incorporating consumer insights directly into product and service development is a growing #Business trend. The Corporate Executive Board recently released its own perspective on the value of incorporating stakeholder engagement into all aspects of a business.
In the #Corporate world, most #Business#Leaders agree that achieving real #Bottom Line improvements, whether through reduction in operating cost or enhanced revenue, is critical to #Business sustainability. Our #Sustainability consulting practice stresses that the ability to effectively engage the outside world in the process is fundamental to this success. Through collaborative stakeholder engagement, a #Business can stimulate interaction, create alignment, and ensure the most effective results. A key ...
"Open #innovation initiatives can help further your company's competitive advantage, and improve R&D efficiency and performance…But should you have a separate team dedicated to managing the efforts? The majority of our members do not, according to a recent snap poll."
Interacting with companies in the midst of recovery, our #Sustainability consulting practice has observed first-hand how #Business#Sustainability risk can affect a company and its stakeholders. While many traditional risks appear obvious in retrospect, some hidden and intangible threats may still be hiding in the weeds. The key question we explore today: Has your company turned the corner, and are you set-up for future growth?
"Tipping points often occur when something intended for use by one group of people gets adopted by another. When people think about social media, and in particular Twitter, they do not normally connect it with besuited financiers. But that connection is changing. Good evidence of this #Change comes from the growing numbers of #Finance and strategy executives in our networks that want to discuss Twitter and a host of other social media channels."
"The perception of Procurement's capabilities is often limited to savings. Procurement leadership at Clorox created a simple and memorable framework that expands both how #Business partners view Procurement and how Procurement staff engage with the function."
The forecasts for the coming years continue to indicate a much better future than the recent past. Looking to the immediate horizon and the current job market, the data projects an increasing demand for a new kind of #Business#Sustainability minded contributor. Our #Sustainability consulting practice asks: Is your company focused on the right things to attract and retain key talent?
Business #Sustainability in today's dynamic and fast changing market requires an equally flexible organizational response. Often taking the lead away from larger corporations, progressive small businesses are now defining their own marks of #Business#Sustainability progress and success. These nimble organizations are often more intimately connected with their employees, investors, suppliers, and customers.
The ability to remain open to test new ideas and innovative frameworks has already proven to be a successful business sustainability strategy. Organizations that continuously assess and reassess the needs of their internal and external stakeholders are often more adaptive to the dynamic landscape of today's business. The question ultimately becomes: Is your company enabling creativity to become tangible innovation?
Within our business #Sustainability programs we find that those who excel are those who step outside the traditional #Business structures to add collaboration strategies to their long-term #Sustainability strategies. We further believe that #Sustainability concepts often brining diverging forces into alignment. An open #innovation approach fosters an #Environment for creative ideas and inspired actions from both internal and external stakeholders.
"When it comes to choosing what company to work for, many R&D workers are looking for work-life balance. In fact, when R&D workers rank their five most important job attributes work-life balance is second only to compensation (39% of the total R&D workforce rank work-life in their top five, while 45.1% place compensation in their top five), according to the latest findings in CEB's Global Labor Market Survey."
The shift in consumer expectations over the past few years has changed the landscape of new product development. Executives now realize the growing need to engage a broader set of stakeholders in their product development and design. However, many questions still remain. Today we examine the question: Does sustainable development end once a product is introduced to the market?
Having the right people in place has always been a critical component to #Business#Sustainability success; however, a recovering job market has made it increasingly important to protect the valuable knowledge and required skills to respond to an increasingly dynamic #Business environment. To meet growing #Business#Sustainability demands and maintain a competitive advantage over the competition, businesses are encouraged to take a hard look at their talent pool. For this reason, our #Sustainability consulting ...
Implementing #Business#Sustainability in today's #Environment can be a delicate balance between planning for today and planning for the future. While many organizations are taking more conservative action, our #Sustainability consulting practice finds leading companies are reevaluating and retooling for the future. By anticipating and taking proactive steps to address #Change in the #Business world, your #Business will not only capture immediate value but define itself as a #Business#Sustainability leader in its industry.
The ability to define, implement and manage future #Business opportunities depends largely on the availability and quality of information. Knowledge Management is a process that extends beyond the flow of traditional #Business process. It focuses on the dissemination of information, engagement of key resources, and ultimately the adoption rate of best practices across the entire value chain. With #Business#Sustainability increasing the need for active information, our #Sustainability consulting explores new ...
With the shift in consumer preferences over the past few years, executives are beginning to realize the growing need to engage a broader set of stakeholders in their product development and design. However, many questions still remain once the products are in the hands of the consumer.
"Healthy employee engagement not only minimizes attrition but also boosts employee effort and performance. In fact, highly engaged employees perform up to 20 percentile points better and are 87% less likely to leave their organizations than employees with low levels of engagement."
In a recent CEB Research & Development Leadership Council post, How Effective Is Your R&D Organization at Collaboration, our #Sustainability consulting practice finds some helpful tips for enhancing an existing #Business#Sustainability focused culture. In this article, the author leads a discussion on the importance of aligned stakeholder interests, particularly around employee collaboration. Examining these needs and corresponding opportunities of #Business#Sustainability collaboration, the post identifies several ...
"Managers have a large part to play in making sure workers understand the #Change and how it will affect their day-to-day work. In fact, managers who communicate #Change effectively can improve their direct reports' performance by as much as 29.2%."