MANAGING in the

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While some management thinkers believe that corporate strategy must be devised by individual experts, others believe such ideas must be as a result of crowd-sourcing. In order to test these theories, a study was conducted by leading business publication – the Harvard Business Review. The study included 884 participants who had to suggest business strategies. Some strategies suggested were repeated, some of them several times over. These were termed the popular strategies. Others were unique ideas suggested by only single persons. They were termed as loner ones. These ideas were then put to the test. It was realized that the popular strategies generally did better than loner ones. However, the very best of the lot were also loner ideas. Thus while group think works on most occasions, for the breakthrough moments, individual expertise counts best. To do this critical thinking needs to be embraced. Also the decision- making framework needs to be broadened so as to pool a wide variety of ideas and information.

Source:https://hbr.org/2016/10/how-the-very-best-strategists-decide

Business research conducted by Oxford University presents some startling community views. More than 90% of respondents feel that number of accounting, auditing and tax preparation jobs will get completely automated thus phasing out numerous positions. Professional services firms have long been run on the imported Japanese model of Kaizen but now something new needs to be developed to stem the flow of automation. The disruption is going to be speedy over the next couple of decades. The industry needs to be clear about what products or services must best be served to clients. Also the core model for talent recruitment needs to be understood. The convergence between various industries needs to be leveraged as a competitive advantage. 

When we think of sustainability, the first thought in the minds of many, is products within a category which are devised with a primary moral and social inclination. However, the giants who operate in sustainability are those who excel at business innovation and have indeed disrupted the market. Perfect case would be that of Tesla. On the other side exists the case of Kodak who were industry leaders but have slid off primarily because they ignored the more sustainable business model of digital photography and instead continued to be loyal to print and films leading to eventual downfall. Apple seems to have taken a huge slice off that industry through their i-Photo application.

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