1. Articles from harvardbiz

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    1. Severe Weather Threatens Businesses. It’s Time to Measure and Disclose the Risks

      Severe Weather Threatens Businesses. It’s Time to Measure and Disclose the Risks

      The weather affects consumers’ behavior in terms of what products they buy, where they buy them, and in what quantity. Even if a business knows how normal weather affects its earnings, unexpected abnormal weather present their own risks. Today, weather risk management is still in its early days. The majority of businesses do not hedge against weather risks, nor do they have an accurate view on how much is at risk.

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    2. Google’s Secret Formula for Management? Doing the Basics Well

      Google’s Secret Formula for Management? Doing the Basics Well

      Google has opened its trove of management processes to one and all, for free. It might not feel that surprising – after all, Google has created plenty of other free tools for the world to use. And it also follows Google’s many years of work in people analytics. But in fact, there is something surprising in the details of what they revealed: Their management tools focus on some pretty basic stuff like how to run meetings, have conversations, and set goals.

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    3. It’s Time to Tie Executive Compensation to Sustainability

      It’s Time to Tie Executive Compensation to Sustainability

      In the 1980s, when quality became a significant issue for manufacturers, many of them added quality metrics to their executive compensation plans. Over the next decade, quality levels improved substantially. It’s time for companies to start doing the same thing for sustainability. Companies should tailor their sustainability efforts to their commercial priorities. For example, Coca-Cola devotes many resources to creating cleaner water supplies in developing countries.

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    4. Analytics Training Isn’t Enough to Create a Data-Driven Workforce

      Analytics Training Isn’t Enough to Create a Data-Driven Workforce

      When it comes to creating a more data-and-analytics-driven workforce, many companies make the mistake of conflating analytics training with data adoption. While training is indeed critical, having an adoption plan in place is even more essential. Any good adoption plan requires online or recorded refresher sessions; mentors; online resources for questions, feedback, and new ideas; and a certification process.

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    5. How Small Businesses Can Increase Their Digital Capabilities

      How Small Businesses Can Increase Their Digital Capabilities

      Paying for a cup of coffee on an iPad is mainstream in big cities, but the majority of small businesses — the backbone of our local economies — have not yet fully come online. And as e-commerce outfits increasingly follow Amazon’s lead in adopting a purely data-driven model to provide greater value in the face of squeezed margins, retailers and service providers that don’t embrace technology will be at a major disadvantage.

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    6. How to Set More Realistic Growth Targets

      How to Set More Realistic Growth Targets

      Many companies eventually face a gap between their growth goals and what their base business can deliver. Filling the gap requires either innovative new offerings or acquisitions. That’s where the trouble starts — executives are easily fooled by rosy assumptions that, when analyzed in a disciplined way, turn out not to be practical.

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    7. Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters

      Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters

      Worker misclassification — when employees are classified erroneously as independent contractors — has been widely discussed when it comes to Uber and other platforms. But Uber is not unique. The misclassification of employees pervades the modern economy and can be devastating to workers in the form of lost wages and little bargaining power. While the Obama administration issued guidelines for companies about how to interpret existing law, the Trump administration recently rescinded them.

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    8. Changing Company Culture Requires a Movement, Not a Mandate

      Changing Company Culture Requires a Movement, Not a Mandate

      Culture is like the wind. It is invisible, yet its effect can be seen and felt. When it is blowing in your direction it makes for smooth sailing. When it is blowing against you, everything is more difficult. For organizations seeking to become more adaptive and innovative, culture change is often the most challenging part of the transformation. But culture change can’t be achieved through top-down mandate.

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    9. What Health Systems, Hospitals, and Physicians Need to Know About Implementing Electronic Health Records

      What Health Systems, Hospitals, and Physicians Need to Know About Implementing Electronic Health Records

      A decade ago, Kaiser Permanente installed the nation’s most comprehensive Electronic Health Record (EHR). Implementation was challenging and expensive – the process took two years and the cost at the time was estimated to be around $4 billion. But it has allowed physicians to treat patients in offices, hospitals, and emergency departments more rapidly than in the past. The lessons from their success?

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    10. Does Your Company Know What to Do with All Its Data?

      Does Your Company Know What to Do with All Its Data?

      There are many ways to put data to work, and companies — especially their leaders — are well-advised to explore as many of them as they can. Each presents distinct opportunities for profit and competitive advantage — from product improvements to new revenue streams to possible industry game-changers. At the same time, each presents challenges that must be experienced to be appreciated.

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    11. 11 Things the Health Care Sector Must Do to Improve Cybersecurity

      11 Things the Health Care Sector Must Do to Improve Cybersecurity

      No industry or sector is immune to hacking. That reality was made painfully clear in mid-May, when a cyberattacker using WannaCry ransomware crippled health care institutions and many other kinds of organizations around the world. Some of the most well-known examples of cyberattacks in the last decade have included the mass theft of millions of credit and debit cards numbers, the penetration of sensitive bank systems, and the manipulation of stock trading and other capital markets-related violations. This turmoil led to huge operational shifts in the financial services sector, where there’s more focus than ever on consumer education, industry ...

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    12. The Comprehensive Business Case for Sustainability

      The Comprehensive Business Case for Sustainability

      Today’s executives are dealing with a complex and unprecedented brew of social, environmental, market, and technological trends. These require sophisticated, sustainability-based management. Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. On the contrary, academic research and business experience point to quite the opposite.

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    13. 3 Health Care Trends That Don’t Hinge on the ACA

      3 Health Care Trends That Don’t Hinge on the ACA

      While the fate of the U.S health care bill is in flux, there are three immutable trends in the US healthcare system that won’t change. The first trend is demographic: The US population is continuing to age. Second, technology has become a pervasive element across health care system, with a major impact on diagnosis, treatment and communications. Third, discoveries in the life sciences that enhance the quality and extend the length of life will continue to flow from research laboratories.

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    14. How to Improve Your Finance Skills (Even If You Hate Numbers)

      How to Improve Your Finance Skills (Even If You Hate Numbers)

      If you’re not a numbers person, finance is a daunting subject. But understanding concepts like EBITDA and net present value are important no matter where you sit on the org chart. Here are some strategies for boosting your financial acumen. Get acquainted with your company’s income statement. Reproduce the numbers in a spreadsheet then group them into categories of profit and loss. Your goal is to understand how much your company spends and where it makes money. Play with the numbers.

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    15. The Rise of AI Makes Emotional Intelligence More Important

      The Rise of AI Makes Emotional Intelligence More Important

      The booming growth of machine learning and artificial intelligence (AI), like most transformational technologies, is both exciting and scary. It’s exciting to consider all the ways our lives may improve, from managing our calendars to making medical diagnoses, but it’s scary to consider the social and personal implications — and particularly the implications for our careers. As machine learning continues to grow, we all need to develop new skills in order to differentiate ourselves.

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    16. Redesigning Care for High-Cost, High-Risk Patients

      Redesigning Care for High-Cost, High-Risk Patients

      Amid the political uncertainties that continue to cloud the future of U.S. health care, one thing hasn’t changed: Patients, clinicians, health plans, payers, and policy makers are still striving to achieve better outcomes at lower costs. Given the heavy financial burden that health care is imposing on the country, the top priority should be fundamentally changing the way we care for high-cost, high-risk patients.

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    17. A 5-Step Process for Reorganizing After a Merger

      A 5-Step Process for Reorganizing After a Merger

      Reorganizations can be a useful management tool for finding new value and are often essential as part of a merger or acquisition integration. Getting this type of reorganization right allows business units from the merging companies to be brought together smoothly, corporate activities to be standardized and streamlined, people to be aligned behind desired outcomes, and integration synergies to be delivered quickly.

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    18. Why Is Micromanagement So Infectious?

      Why Is Micromanagement So Infectious?

      Part of the draw of self-managing organizations, like those we explore in our recent HBR article, is their promise to free us from the disease of micromanagement. But they’re not the only cure. Before we get to what works, let’s consider what micromanaging really is and what puts you at risk of doing it. It’s not just a personality or leadership trait that can be blamed on genetic makeup or bad training, as some arguments say. Rather, it’s a breakdown in the fundamentals of delegation.

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    19. “Leadership Qualities” vs. Competence: Which Matters More?

      “Leadership Qualities” vs. Competence: Which Matters More?

      There’s sometimes a disconnect between how we talk about leadership qualities (we tend to use words like authority, power, and emotional intelligence) and what we actually require from the people leading teams and other working groups (arguably, competence and a deep knowledge of the specific work that needs to get done). In a forthcoming Journal of Applied Psychology article, researchers from Stanford and Erasmus University explore which set of qualities matters most to team performance.

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