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Cross-Functional Expertise
If you build broad
cross-functional expertise, no idea will be wasted! Your
mind can accept only
those ideas that have a frame of reference with your existing knowledge. It
rejects everything else. If your knowledge is functionally focused, you'll
be open to new ideas related to your functional expertise only and will miss
all other learning and innovation opportunities. If you develop a broad
cross-functional expertise, no new idea will be wasted. It will immediately
connect with the existing knowledge and will inspire you, energize
you, and encourage your
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entrepreneurial creativity.
The broader your net, the more fish you catch...
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Master of Business
Synergies (MBS)
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Synergy
is the energy or force created by the working together of various parts or
processes. Synergy in business is the benefit derived from
combining two or more elements (or businesses) so that the performance of
the combination is higher than that of the sum of the individual elements
(or businesses).
Being good in separated functions
is
not enough
anymore. If you want
to be a
market leader, you must be
able to build innovative synergies. You must
synergize diversities,
innovations,
business processes, functions,
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radical and
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incremental
improvements,
value chain,
marketing and
selling methods...
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Sustainable Business Models
Sustainable business success is based not on
great ideas, guts, or instinct alone – but on your ability to create an
master your
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business model.
In the
new era of unrelenting change and competition, your face a daunting
challenge: how to sustain the business model of your firm. "The fact is, no
matter how bulletproof your firm's current business model, it will be
challenged by
new business models."4
The new reality is that business models have shorter shelf life. You must
constantly attempt to discover new business models if you hope to survive
and
grow...
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Yin-Yang of Business Success
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Yin-Yang of Business Success
helps you achieve much more with much less effort. It gives you advice that
imparts perspective and
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balance.
It applies equally well to the managing of a large corporation or the
running of a
small business...
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Working ON Your Business
Most businesspeople are so busy working for
their business or in their business that they never find time to
work on their business.
Thus they fail to
anticipate what might happen or what they might be able to make happen.1
Unless you regularly schedule time (one-day out-of-the-office meeting a
month at least) to work on your business and answer
critical questions,
you'll never achieve your
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stretch goals...
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Cross-functional Management
(CFM)
Cross-functional management (CFM)
manages business processes across the traditional boundaries of the
functional areas. CFM relates to coordinating and
synergizing the activities of
different units for realizing the superordinate cross-functional goals and
policy deployment. It is concerned with
building a better system for achieving such cross-functional goals as
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innovation,
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quality,
cost, and delivery...
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Flat Organizational Structure
When organizations get large,
they become slow, awkward, unmanageable, inflexible, and difficult to
focus. They distance people from each other, and consume more energy
than they release. Innovation-friendly organizations are
flat and participative. They
divisionalize to
sustain
innovation, flexibility and
customer intimacy. Division is a
business unit having a clear set of customers and
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competitors. A division can be independently planned for within the
organization and has profit and loss responsibility...
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Balance Your
Business System
The primary goal of any business is to increase
stakeholder value. It is
achieved through a dynamic balancing of competing values.
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Balanced
Business System
In order for a business to maximize economic value, it must
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balance
customer satisfaction and competitive market forces with internal cost
and
growth consideration.
Balance also the
10 major tensions
within your firm.
Corporate Culture
In six words,
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corporate culture is "How we do things
around here." Corporate culture is the collective behavior of
people using common
Corporate vision, goals,
shared values,
beliefs, habits, working language, systems, and symbols. It is interwoven with
processes, technologies, learning and significant events. In addition,
different individuals bring to the workplace their own uniqueness,
knowledge, and ethnic culture. So
corporate culture encompasses moral, social, and behavioral norms of your
organization based on the values, beliefs, attitudes, and priorities of its
members...
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Extended Enterprise
The term "extended enterprise" represents a new
concept that a company is made up not just of its employees, its board
members, and executives, but also its business partners, its suppliers, and
its customers.
The notion of
extended enterprise includes many different arrangements such as
virtual integration,
outsourcing, distribution agreements, collaborative
marketing, R&D program partnerships,
alliances, joint ventures, preferred
suppliers, and
customer
partnership...
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