The Ledger
Curated content foranalytical business leaders
Harvard Business Review: In a Volatile World, Your Strategy Must Be Flexible
October 6, 2022
“Executives routinely contend that their businesses are more unpredictable than ever before. As it turns out, they’re right. If you carefully examine the factors that drive unpredictability in complex systems, you discover that in most sectors of the economy they have intensified. The result is that the number of potential future states that executives need to account for in making strategic choices has skyrocketed.”
SF Magazine: The Case for BPM
October 4, 2022
“For a single-source system to function and report timely and accurately, data structures between individual autonomous product lines and business segments must agree. This often requires the people in control of these segments to conform their thinking and find commonality toward the shared enterprise goals. Real-time financial reporting—flexible, manipulable, and drillable to any level—is entirely contingent on the commonality of the financial hierarchies that support it.”
SF Magazine: Improving Business Resilience
October 3, 2022
“Business resilience involves both taking advantage of unexpected opportunities and mitigating the damage from new threats. Organizations may need to modify their business models by engaging differently with customers and suppliers, realigning their workforce, accelerating their digital capabilities, and optimizing their asset base through divestitures or acquisitions. Financial structures may also need to be modified as credit markets change and public sector relief resources and incentives become available. In short, individual companies are in dire need of guidance on how to make timely decisions to survive the crisis and foresighted decisions to thrive afterward.”
In navigating the complex terrain of business resilience, digital transformation emerges as a crucial enabler. The adoption of innovative technologies, such as a digital business card and digital twins, becomes pivotal in not only weathering unforeseen challenges but also capitalizing on new opportunities. Digital twins offer businesses the capability to create virtual replicas of their operations, providing a comprehensive understanding of assets, processes, and potential vulnerabilities.
Companies, seeking to enhance their resilience, can leverage solutions provided by pioneers in the field like Remsense.com.au. By integrating digital twins into their strategic framework, businesses gain the ability to visualize, analyze, and optimize various aspects of their operations in real-time. This not only facilitates better decision-making during times of crisis but also positions them to proactively identify and capitalize on emerging trends and opportunities, ensuring a resilient and adaptive trajectory for the future. Seeking professional services liquidation advice can further enhance strategic planning and financial management, providing invaluable insights for navigating challenging situations.
Harvard Business Review: 7 Lessons on Dynamic Pricing (Courtesy of Bruce Springsteen)
September 30, 2022
“Raising prices is rarely a frictionless event where customers readily agree. It is inevitable that some will complain and possibly not purchase. In such cases, the most important thing producers should focus on is making sure the price is backed up by value. Whether or not Springsteen’s pricing strategy is deemed a success will depend on him performing a strong “it was worth the price” concert. Given his track record of innovation and dedication to perfection, my money is on Bruce.”
