Leadership, Human Resources, Leadership Development, Staff Training & Development
One of the biggest challenges that CEOs face is developing next-generation leaders. If you have top talent, you must be able to identify them, invest in their development, and challenge them to keep them. In this article, we outline the skills that make a great leader in today’s complex and rapidly changing business environment and tactics companies can employ to make and shape their future leaders and create a sustainable leadership pipeline.
Growth & Innovation, Research & Development, Engineering, Operations, Manufacturing
Collaborative engineering tools are transformational for many organizations. In addition to reducing time to market, they reduce cost, eliminate errors, and create an environment of information sharing that is resulting in better products. The future will not only see greater improvements in cycle times but will also see a greater expansion of data analytics tools and larger teams to include suppliers and others in the organization, having an overall impact on the bottom line.
Environmental, social, and governance (ESG) investors were once perceived as an element of activist communities working to influence distinct aspects of company behavior. Over time, the focus of ESG investors has broadened as institutional investors have identified ESG topics as issues that impact company performance and value. In fact, according to the Global Sustainable Investment Alliance, there has been a 25% increase in assets managed under responsible investment strategies for a total pot of $22.89 trillion since 2014.
Risk & Compliance, Risk Management, Business Continuity Planning
Building resilience into the business is important. Whether it is creating business continuity plans or assessing risks to the business or its employees, it is imperative that companies prepare to weather bumps in the road. At the same time, companies should also pay attention to the infrastructure surrounding their companies and the changes that can affect them as well.
In today's business landscape, data and computer controls are at the center of how organizations operate. Your enterprise resource planning (ERP) system, manufacturing execution system (MES), financial planning system, human resources platform, customer relationship management (CRM) system, and payroll system are just a few of the key systems running your business. Every one of these systems is vulnerable and needs to be protected from cybersecurity threats.
To achieve profitability targets over the next 12 months, nearly 80% of industrial manufacturing CEOs plan to focus on organic growth rather than cost reductions or M&A. While marketing isn’t entirely responsible for delivering organic growth, it plays a critical role in key growth enablers like innovation, pricing, and customer experience.
While technology advancements surrounding connected devices and data analysis hurtle forward – and costs and barriers to entry generally are falling – some companies still feel as if they’re missing out on something, scrambling to get on the cutting edge.
Republicans plan to unveil their long-awaited tax reform package on November 1. Although the nine-page tax reform framework released in September was short on details, the plan highlights key changes to the tax code intended to reduce the tax burden on both individuals and companies, spark economic growth in the U.S., and make the tax laws more globally competitive.
It’s safe to say that the Industrial Internet of Things (IIoT) has crossed into the mainstream. In part 1 of this blog series on monetizing IIoT, we shared some findings from MAPI’s recent white paper, developed with PwC, which focused on where U.S. manufacturers currently stand in their adoption and development of IIoT technologies. One finding in particular said it all: nearly nine in ten survey respondents said they are currently offering or are in the process of developing IIoT products or services.