Guide to Management Ideas and Gurus (The Economist) by Tim Hindle PDF

By Tim Hindle

ISBN-10: 1846681081

ISBN-13: 9781846681080

Strong administration is a worthy commodity within the company international, and strong principles are much more infrequent. advisor to administration principles and authorities gathers the main influential rules and thinkers that experience outlined smooth administration into one compact consultant. This new e-book builds on advisor to administration rules (2003) and provides entries at the such a lot influential enterprise suggestion leaders of the prior and current. themes coated variety from energetic Inertia and Disruptive know-how to Triple final analysis and the lengthy Tail, whereas the administration specialists coated comprise Jim Collins, Peter Drucker, Philip Kotler, Michael Porter, Tom Peters, etc.

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Extra info for Guide to Management Ideas and Gurus (The Economist)

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Sometimes it refers to activities or sets of activities that cut across organisational units. In any case, however, the essential notion is the same – both strategic and operational issues are best understood at the activity level. bpr promised a novel approach to corporate change, and was described by its inventors as a “fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service and speed”.

Service industries are particularly vulnerable. It is more difficult for them to measure the profitability of individual customers and customer segments. So they are never quite sure which they want to keep and which they want to get rid of. Successful cherry-pickers leave an industry’s incumbents with the least profitable customers. They also push up the price to those consumers who are not attractive to them. In car insurance, for example, cherry-picking in the UK pushed up the price prohibitively for young male drivers, the highest-risk group.

The two business academics wrote: Core competencies are the collective learning in the organisation, especially how to co-ordinate diverse production skills and integrate multiple streams of technologies … core competence is communication, involvement and a deep commitment to working across organisational boundaries … core competence does not diminish with use. Unlike physical assets, which do deteriorate over time, competencies are enhanced as they are applied and shared. Prahalad and Hamel went on to outline three tests to be applied to determine whether something is a core competence: First, a core competence provides potential access to a wide variety of markets.

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Guide to Management Ideas and Gurus (The Economist) by Tim Hindle

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