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It is evident that many organisations are in need of renovation, innovation and reinvigoration. Longstanding business paradigms and underpinning practices require critical reflection in the light of fundamental societal and business developments. Some companies are addressing these challenges, many companies are not. New functional requirements often seem to be in conflict, such as transparency, stock market performance, sustainability, innovation, responsibility, time to market, stakeholders, business rationalisation and many others. These requirements force business to revise its management model. The time is right to demonstrate how the business enterprise can be re-conceptualised, and what the challenges are of fundamental strategic choices in organising a sustainable business proposition. This book presents ten cases of organisations which have developed a management model that leads the organisation into the future.
What fuels long-term business success? Not operational excellence, technology breakthroughs, or new business models, but management innovation—new ways of mobilizing talent, allocating resources, and formulating strategies. Through history, management innovation has enabled companies to cross new performance thresholds and build enduring advantages. In The Future of Management, Gary Hamel argues that organizations need management innovation now more than ever. Why? The management paradigm of the last century—centered on control and efficiency—no longer suffices in a world where adaptability and creativity drive business success. To thrive in the future, companies must reinvent management. Hamel explains how to turn your company into a serial management innovator, revealing: The make-or-break challenges that will determine competitive success in an age of relentless, head-snapping change. The toxic effects of traditional management beliefs. The unconventional management practices generating breakthrough results in “modern management pioneers.” The radical principles that will need to become part of every company’s “management DNA.” The steps your company can take now to build your “management advantage.” Practical and profound, The Future of Management features examples from Google, W.L. Gore, Whole Foods, IBM, Samsung, Best Buy, and other blue-ribbon management innovators.
How legacy firms can combine their traditional strengths with the power of data and digital ecosystems to forge a new competitive strategy for the digital era. How can legacy firms remain relevant in the digital era? In The Future of Competitive Strategy, strategic management expert Mohan Subramaniam explains how firms can leverage both their traditional strengths and the modern-day power of data and digital ecosystems to forge a new competitive strategy. Drawing on the experiences of a range of companies, including Caterpillar, Sleep Number, and Whirlpool, he explains how firms can benefit from data’s enlarged role in modern business, develop digital ecosystems tailored to their unique business needs, and use new frameworks to harness the power of data for competitive advantage. Subramaniam presents digital ecosystems as a combination of production and consumption ecosystems, which can be used by legacy firms to unlock the value of data at various levels—from improving operational efficiencies to creating new data-driven services and transforming traditional products into digital platforms. He explores the ways sensors and the Internet of Things provide new kinds of customer data; presents the concept of digital competitors—other firms that have access to similar data; discusses the new digital capabilities that firms need to develop; and addresses privacy and security issues associated with data sharing. Who needs this book? Any firm that wants to revitalize traditional business models, offer a richer customer experience, and expand its competitive arena into new digital ecosystems.
Modern geoscience research informs many important decisions and projects, such as geological disaster preparation, natural resource extraction, and global development. This critical research relies on technology and collaboration at state-of-the-art seismological and geodetic facilities. Currently, these facilities provide a wide variety of observation systems that support scientists' understanding of Earth and its changing environmental systems. As emerging technologies develop rapidly, seismological and geodetic facilities have new capabilities and more complex management and research communication systems. This requires a reevaluation of management structures and best practices within these facilities. The National Academies convened a 1.5-day workshop to discuss management models of theoretical seismological and geodetic facilities of the future. Initial discussions built upon a 2015 Incorporated Research Institutions for Seismology community workshop report, which identified current and future capabilities of these research facilities. Management models from other types of scientific facilities were used as a springboard for further discussions about management and decision-making models that could be applied to seismological and geodetic facilities. Workshop participants also emphasized the importance of distributing capabilities among multiple facilities. Lastly, this workshop explored complex management topics in these facilities including instrumentation, user support services, data management, education and outreach, and workforce development capabilities. This publication summarizes the presentations and discussions from the workshop.
For graduate-level courses in Information Technology Management. Uniquely forward looking in approach, this collection of readings by a wide range of researchers and practitioners at the forefront of information technology management at all levels urges managers to look to emerging and prospective key IT issues and to consider what to expect and how to approach management of IT in the new millennium. The readings are innovative and contemplative not empirical studies or summaries of the literature.
Family-owned and family-run firms, which are mostly small and medium-sized enterprises, are important when it comes to tourist destinations. It is therefore essential to understand how family firms address future risks and the challenges they face as part of the tourism industry. Since family businesses play such an important role for the entire tourism industry, it is worthwhile to analyze this business type when it comes to organizational resilience. Further, the development of practical solutions from field or case studies are beneficial for creating valuable learning effects for both firms and destinations alike. The examination of one risk scenario and its successful or missing management might be beneficial to create useful learning effects for the future. Therefore, it is essential to understand contemporary issues and future challenges of family firms in the hospitality/service industry and to examine different perspectives at an individual, firm, and destination management level. Resiliency Models and Addressing Future Risks for Family Firms in the Tourism Industry provides an in-depth examination of tourism family firms, since these firms are essential for supplying solutions for challenges such as dealing with uncertainty, becoming or remaining resilient, and creating sustainable tourism destinations. The chapters address the challenges of sustainability and resilience in an uncertain world and connects knowledge from family business research to tourism research, focusing on hospitality. Highlighted topics include organization ambidexterity, pandemic risk, firm management and leadership, and technology use in firm operations. This book is essential for family firms, hotel management, entrepreneurs, restaurateurs, tourism professionals, academicians, researchers, and students seeking the most advanced research on family firm’s resilience and risk management within the tourism industry.
"Strategic Mental Models: Shaping the Future of Business in Complexity" In an era characterized by rapid change, unprecedented complexity, and global interconnectedness, businesses face challenges that demand more than just traditional management techniques. The ability to navigate through this multifaceted landscape requires a new kind of leadership—one that understands the power of mental models in shaping not only decisions but also the very fabric of organizational strategy and culture. "Strategic Mental Models: Shaping the Future of Business in Complexity" is a groundbreaking text that offers this insight, providing executives, managers, and leaders with the tools they need to thrive in today's dynamic business environment. This book is not just a theoretical exploration; it is a practical guide that translates complex concepts into actionable strategies. It dives deep into the role of mental models—those cognitive frameworks that influence how we perceive the world, make decisions, and solve problems. By understanding and leveraging these models, leaders can drive their organizations toward innovation, resilience, and sustained success. Key Advantages of the Book A Comprehensive Framework for Modern Leadership: "Strategic Mental Models" provides a holistic approach to understanding how mental models impact every facet of business, from decision-making to organizational culture. It equips leaders with the knowledge to recognize, evaluate, and refine these models to align with the ever-evolving demands of the marketplace. Practical Application in Organizational Management: The book is rich with real-world examples, case studies, and strategic insights that demonstrate the application of mental models in various industries. It guides leaders in applying these concepts to their specific organizational contexts, ensuring that the strategies discussed are not only relevant but also immediately implementable. Enhancing Organizational Resilience and Adaptability: In a world where change is the only constant, the ability to adapt quickly and effectively is crucial. This book shows how to cultivate mental models that foster organizational resilience, enabling companies to not only survive but also thrive amidst uncertainty and disruption. Driving Innovation through Mental Flexibility: Innovation is at the heart of business growth, and this book highlights how flexible mental models can spur creativity and out-of-the-box thinking. It encourages leaders to break free from outdated paradigms and to develop new ways of thinking that drive innovation and competitive advantage. Fostering Collaborative and Inclusive Cultures: Understanding the diversity of mental models within teams is key to building cohesive, collaborative, and inclusive organizational cultures. This text provides strategies for aligning these diverse models, ensuring that every team member's unique perspective contributes to the organization's overall success. A Forward-Looking Approach: The book doesn't just address current challenges but also looks ahead to future trends and disruptions. It prepares leaders to anticipate and shape the future of their businesses, positioning them to stay ahead of the curve in an increasingly complex world. Contribution to Organizational Management "Strategic Mental Models" is more than a book; it is a roadmap for leading in complexity. It empowers leaders to: Reframe Problems: By understanding how mental models shape perception, leaders can approach challenges from new angles, leading to more effective solutions. Enhance Decision-Making: The book provides tools to refine mental models, leading to more informed, strategic, and timely decisions. Cultivate a Learning Organization: It promotes a culture of continuous learning and mental agility, essential for adapting to change and driving ongoing improvement. Align Strategy with Execution: By aligning mental models across the organization, leaders can ensure that strategy is effectively translated into action, enhancing overall performance. In a business landscape where complexity reigns, "Strategic Mental Models: Shaping the Future of Business in Complexity" is an indispensable resource for leaders who are committed to not just navigating but mastering the complexities of modern business. This book offers the strategic foresight, practical tools, and innovative thinking required to lead with confidence into the future. It is an essential read for anyone looking to elevate their leadership and ensure their organization's long-term success in an increasingly complex world.
"The way we manage organizations seems increasingly out of date. Deep inside, we sense that more is possible. We long for soulful workplaces, for authenticity, community, passion, and purpose. In this groundbreaking book, the author shows that every time, in the past, when humanity has shifted to a new stage of consciousness, it has achieved extraordinary breakthroughs in collaboration. A new shift in consciousness is currently underway. Could it help us invent a more soulful and purposeful way to run our businesses and nonprofits, schools and hospitals? A few pioneers have already cracked the code and they show us, in practical detail, how it can be done. Leaders, founders, coaches, and consultants will find this work a joyful handbook, full of insights, examples, and inspiring stories."--Page [4] of cover.
In a highly competitive market, digital transformation with internet of things, artificial intelligence, and other innovative technological trends are elements of differentiations and are important milestones in business development and consumer interaction, particularly in services. As a result, there are several new business models anchored in these digital and technological environments and new experiences provided to services consumers and firms that need to be examined. Impact of Digital Transformation on the Development of New Business Models and Consumer Experience provides relevant theoretical and empirical research findings and innovative and multifaceted perspectives on how digital transformation and other innovative technologies can drive new business models and create valued experiences for consumers and firms. Covering topics such as business models, consumer behavior, and gamification, this publication is ideal for industry professionals, managers, business owners, practitioners, researchers, professors, academicians, and students.
This book presents research tested models, methods and tools that can make the work of the facilities manager more robust and sustainable, help long-term strategic planning and support students and practitioners in FM to improve the way they approach and deal with challenges in practice. The 34 models, methods and tools are presented in relation to five typical challenges for facilities managers: Strategy development Organisational design Space planning Building projects Optimisation The chapters are short and concise, presenting a central illustration of one model, method or tool with explanatory text and short, exemplary case studies. Each chapter includes references to further reading, and the book includes a keyword index. Essential reading for all involved in the management of built assets, this book bridges the gap between robust academic research and practical industry tools. It can also be used as a handy student reference.