Introduction Why is there such a dichotomy among Fortune500 companies on the value of a proactive and sustaining innovation workplace? Nowadays, COVID-19 changing market dynamics coupled with continual economic disruption, business disintermediation, and revolutionary technology introduction should be compelling grounds for business leaders to champion a robust corporate innovation culture Read more…
Introduction Over the last few months, the news media has continually bombarded us with coronavirus reports that focused on business shutdowns, layoffs, unemployment insurance and benefits, and our future financial prospects. Most people, during this challenging time, changed existing or created personal or family financial budgets and livelihood plans to Read more…
Introduction Information Technology (IT) investments have become one of the more critical and expensive items in a company’s investment portfolio. Best-in-class organizations ensure that these investments are helping to provide real business value with the use of the strategic alignment model. The Strategic Alignment Model (SAM) provides an organization with a robust Read more…
Introduction Profitable long-term customer relationships are the lifeblood of a successful company! This truism supports that effective customer interactions, in the current economy, are carried out in a professional, and problem-free manner. Today’s smart consumers expect more value from their providers with a dedicated focus on relevance, product availability, ease Read more…
Introduction In the current environment, a successful business must quickly respond and adapt to changing customer conditions and regulatory edicts in competitive industry-specific segments. Today this challenge is being tested with incessant customer demands for high quality, cost-effective, and customized mass-produced products and receptive supporting services. The Eight Disciplines (8Ds) Read more…
Introduction Six Sigma is a set of approaches, techniques, and tools to improve the capability of business processes. This increase in performance and decrease in process variation helps lead to defect reduction and improvement in profits, employee morale, and quality of products or services. A Six Sigma process is one Read more…
Introduction Creating a successful corporate strategy is a constant struggle in today’s business environment of complexity, ever-changing priorities, and conflicting agendas. When executives invest the required time and effort and resources to develop and advance a purposeful approach to strategic decision-making, they not only increase the potential of building a Read more…
Introduction Today, it is a reality that Artificial Intelligence (AI) – Cognitive Technologies can successfully emulate and supplement the power and processing of the human brain. This is a significant and valuable development for both the private and public sectors which have new and innovative opportunities to leverage and exploit Read more…
Introduction Leveraging knowledge is a key competitive advantage for success in the current economy. The success of knowledge management (KM) programs involves an almost total change in the manner employees, business processes and technology interact with each other and is influenced by corporate culture and personality. The first steps to Read more…
This article is one of a series of Knowledge Compass presentations that highlight insightful and pointed quotations of influential authors, thinkers, philosophers, and others that have influenced culture, business, and world events over the years in both modern and ancient times. A Quotation is the repetition of someone else’s statement Read more…