MANAGING in the

NEW WORLD

At the start of one’s career, having the right network from an MBA or from a previous experience, helps an individual. But as one grows at work, it has often been noticed that the same proficiency at developing contacts, that had once propelled up his/ her career, is now limiting the person. This is because in larger roles, especially at larger companies, the focus is often on balancing the poles and maintaining the status quo. Individual ties however do matter, so the network density has to be increased, even if the organization isn’t too comfortable in it. Letting one use the network, also helps the firm in spreading out its talent recruitment process across informal chains. Even if the present business is not related, eventually there may be a requirement for the diverse chores.

Source:https://knowledge.insead.edu/leadership-organisations/rethinking-network-ties-5551

Uploaded Date:15 May 2019

In the USA, it is the middle- market companies that are growing the fastest. This includes firms whose revenues clock between ten million and a billion dollars. The Middle Market Indicator (MMI) clearly shows how this segment has grown by 6.5%, in stark contrast to the average for S&P 500 listed firms, of a mere 3.6%. There are some aspects in which these middle market players are exceeding the national average. One of them is market expansion. Another is investment and innovation. Financial management and maintaining efficiency of cost are two other factors. Talent recruitment and retention are aspects that these middle- market players do extremely well at. These firms have also put in place a formal growth strategy. And finally, they are good at staff development, through the deployment of several corporate training workshops. These fast- growing companies can further bee categorized under three headlines. These are the Innovators, Investors and the Efficiency Experts.

Source:https://www.strategy-business.com/article/Masters-of-the-middle-market-universe?gko=a24ac

Uploaded Date:15 May 2019

Family owned firms have a disproportionate sense of power in Latin America. This is because such firms make up about three- fifths of the GDP of these countries and about three- fourths of the list of companies whose turnover exceeds a billion dollars. A new report has been published titled The Institutionalization of Family Firms in Latin America. This study has been developed by the Global Private Equity Initiative (GPEI), which is the business consulting arm of the INSEAD along with the Wendel International Centre for Family Enterprise (WICFE). Due to this institutionalization mentioned, these family owned firms escaped some of the trappings typically associated with third- generation companies. They outdid their rivals in growth capabilities by twenty- eight percent. The organizational design has been mapped highly intricately. There is abundant access to capital. Among the family assets, there are also intangible pieces. The family ownership and succession has been planned better here in the Latin America region than in Asia- Pacific or the MENA.

Source:https://knowledge.insead.edu/economics-finance/latin-american-family-firms-and-the-path-to-longevity-11331

Uploaded Date:13 May 2019

Consumers’ taste towards music has now been reshaped by the advent of influencers and through curated playlists. Back in the era when physical music stores dominated, customers would buy their record labels depending on taste of music. But now, the differentiation has reduced thanks to the uniformity attained via the internet. Thus, the music industry can now be reconfigured with the new players and stakeholders in mind. Selection of music is now determined by a cycle involving Production, Appropriation, Consumption and Classification, in that order. There is a now real conflict between the Monetary Space and the Evaluative Space. It is this conflict where music industry players will need to tweak their business innovations around. Several other conflicts can also then be given legitimacy. One of them will be philosophical between selling out versus merely making a living.

Source:https://knowledge.insead.edu/leadership-organisations/how-authenticity-shapes-your-playlist-11056

Uploaded Date:11 May 2019

Higher education as it was, is on the decline. A lot of that has been self- effected. The MBA in particular and the business schools imparting these courses, have come under particular fire. The lure of business degrees and applications to graduate school admissions are well on decline. This is true for Harvard, Wharton and Stamford. The percentage of employees at leading firms with business degrees has also gone down. Instead a graduate with a master’s in data or business analytics is far more likely to curry favor during the recruitment phase. Business degree holders are also a comparative rarity now at the CEO level. People end up going to the top schools nonetheless to boost up their credibility, prestige and to confirm to the existing cognitive biases. Apprenticeships, startup accelerators and business practicums have come into vogue now. Mentorship and the so- called ‘strike force’ model are gaining popularity among budding entrepreneurs.

Source:https://singularityhub.com/2019/03/22/traditional-higher-education-is-losing-relevance-heres-whats-replacing-it/#sm.000o9tjn9z2td6011gc2qf0cqthbg

Uploaded Date: 26/03/2019

A very good book written way back in 1912, but still highly relevant to the modern times is The Financier. This was written by Theodore Dreiser, as part of a trilogy. The books, based primarily in Philadelphia, are about human nature and its downfall, in relation to the capital accumulation. They also speak about the inherent nature of human greed. This greed has not been all criticized, because it is ultimately this greed that brought humans out from the caves into the modern industrial world. The books also present a key tenet on talent management. When the chips are down, it is only the person himself/ herself who will make all efforts to recover from the said reversal.

Source:https://www.strategy-business.com/blog/Finance-Disaster-and-You?gko=7657a

Uploaded Date: 26/03/2019

Being digitally comfortable, at least to the point of being conversant, is fast becoming top currency for business leaders. Boards must also support this tendency, to even arrange some special management training sessions for the CEOs to get more digitally attuned. Those companies towards the higher echelons of corporate success, have more digitally savvy boards. It helps in tracking key metrics such as revenue growth, cybersecurity, market cap growth and return on assets. Privacy issues are also better understood by such bosses. This extensive research was conducted on US- listed businesses using directors bios, interviews, surveys and by analyzing official company communication.

Source:https://sloanreview.mit.edu/article/it-pays-to-have-a-digitally-savvy-board/

Uploaded Date:26/03/2019

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