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cover story
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PLOT Your Course to Change |
"70 percent of change initiatives still
fail--and the world is getting more complicated. By analyzing in great
detail more than a dozen major change programs across industries and
geographies, we've identified the common principles and core elements
that leaders use to mobilize successful change programs, keep them on
track, and ultimately deliver fully against their financial and
strategic goals." Collectively known as PLOT, these core elements are:
- Plan: "Define point of departure and
arrival; spell out key action imperatives and initiatives."
- Lead: "Fire up the troops; find your
champions; build a culture that supports change."
- Operate: "Launch initiatives; rack
up quick wins; celebrate; hold people accountable; make tough
decisions; put explicit cues in place."
- Track: "Measure performance; act on
results; raise the bar."
Read more.
Bain (PDF)
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flash file
(hot topics in today's business news)
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employee benefits |
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Will You Be Forced Overseas for Surgery? |
"Blue Cross...would like to see more
policyholders traveling abroad for medical care...[It] has signed
alliances with seven overseas hospitals and hopes to add five more
by yearend."
Read more. BusinessWeek
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world economy |
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A World of Customers Want Your Product |
"95 percent of the world's consumers
reside outside the United States. Some of those people have holes in
their lives the exact size and shape of your product."
Read more.
INC
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"Dynamos" Conquer Their Domestic Markets |
"Dynamos" (all rapidly developing
economy-based companies), have "six key success factors [that]
distinguish [them] from their less successful competitors."
Read more.
Boston Consulting Group (PDF)
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profitability |
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Hidden Profits Revealed
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"Companies sabotage their
profitability by measuring the wrong things and managing to the
short term." Find "ways to mine hidden cash lodes."
Read more.
BusinessFinance
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tax |
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Audit Focus Turns from Large Biz to Small
|
By concentrating on smaller companies
that take less time to audit, the IRS increased the overall number
of corporate audits, while the number of larger company audits
sharply decreased.
Read more.
TRAC
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Internal Audit Tames Tax Risk |
"[T]eaming internal audit and
tax can help businesses get a better handle on their tax risks."
Read more.
BusinessFinance
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technology |
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Traveling? Keep Your Information Safe |
"[B]e aware of the limitless and
ever-adapting abilities of hackers who conduct 'commercial
espionage' to obtain...business information."
Read more.
Forbes
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professional development
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Strategic Risk Management: Aligning Strategy and Performance with
ERM
|
May 13 Indianapolis, IN
May 15 Chicago, IL
June 05 Houston, TX
June 06 Dallas, TX
One of the major challenges facing management teams today is how to
link business strategy and performance measured with ERM. Learn a
process for assessing and evaluating strategic risk using best
practices from high performance companies and from risk assessment
tools.
Get more information and register.
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Volume
8 No. 8
