In a world first, Australian researchers at global management consulting firm VCI have uncovered the direct relationship between innovation strategies and total shareholder return in the mining industry, the results of which have been published in the global report – State of Play: Delivering strategy and innovation. Through interviews, survey and deep analysis of 399…
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Scenario Planning is an unique method to add to your strategic planning tool kit. It’s a process of developing various alternative futures and devising ways to help manage uncertainties. Scenario Planning directly contributes to both visioning and strategic planning by providing a broader view of the world now and into the future. Scenarios tend to…
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Last month, we referenced the importance of the Executive setting clear strategic imperatives as the driver of Digital Transformation. This approach is essential for the company to realize true achievements in digitization, and not succumb to a bottom-up approach full of technical specs and schedules. For the past 3+ years, VCI has been working closely…
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Digital transformation often stalls or fails because executives get misguided regarding the metrics of activities. Digital transformation from a technical perspective covers topics like data management, data integrity, cost of SCADA, deployment of SCADA, networks, cyber security, dashboards, mobile distribution, cloud, equipment automation, work schedule optimization, resource deployment, customer experience, and so on. None of…
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Company structures, in this digital age, cannot resemble a structure designed during the industrial, analog era. What is there to understand?
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Earlier this month, Chevron offered to purchase Anadarko for $33 billion (a 39% premium). Last week, Occidental stepped up to the plate and offered Anadarko $38 billion (a 20% premium to the Chevron agreement). While each offer varies in its bundle of cash and stock, both offers have to do with companies wanting to improve…
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One of the most seismic financial trends over the past decade has been the rapid growth of global pension and superannuation funds, estimated to be worth $54 trillion. Australia’s alone are worth over $2 trillion with expectations that it will reach around $10 trillion in the next 15 years.
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Before you can solve the ambiguity of your current digital transformation, make sure you have an objective assessment performed by a third party. Management is not a science but an art.
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As organizations grow and mature, increase in headcount, I see the construction of too many layers. In an effort to create a flat organizational structure, I see too few layers. Most organizations follow a military protocol and misunderstand layers as reporting relationships.
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After every major decision, CEOs always say, “Why did it take us so long?” So there’s something to be said for seeing through the noise and moving at double the speed you think possible, separating the wheat from the chaff.
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