Businesses have a one-in-three chance of not making it through the next five years. As Boston Consulting Group astutely points out, this falls within the typical tenure of a Chief Executive as well as a standard time horizon for investors. 50 years ago, this same risk would have been only 5 percent. Beyond the obvious, what…
As the pace of innovation accelerates, customer needs change and industries converge, many companies find it challenging for their information technology to support the rapidly changing needs of the business. To maintain relevance and drive growth, companies must innovate through new products, new lines of business, new customer-enabling and supply chain capabilities. Many companies are…
In the past decade, companies have increasingly been opening factories and offices in China, India and other countries in an endless chase for lowest-cost, high quality labor and to enter new markets. The result has been mergers, acquisitions, consolidations and new subsidiaries. In the midst of this global expansion, enterprises have turned their focus to global efficiency,…
Managing your company’s financials is the backbone of your business and is vital to the long-term health and viability of your company. Yet attention to your bottom line often takes a back seat during times of increasing revenues and growth. To continue applying the necessary financial rigor to support rapid growth, the accounting department needs the…
When was the last time you upgraded your ERP system? Not just patched, fixed or tinkered with it—but implemented a substantive upgrade that enabled real business innovation, generated excitement and unleashed a wave of ideas and productivity from your users? You know—the same kinds of enthusiasm that greets web or iPhone apps like Instagram, Spotify,…
Correctly identifying student loans as a burden that hinders young graduates’ insertion in the job market, four Stanford graduates developed SoFi, a marketplace lender that provides low-interest credit primarily to early stage professionals. Besides student loan refinancing, SoFi also offers mortgages, personal and parent loans, all at lower rates than traditional creditors. SoFi’s CEO Mike Cagney…
There is no longer even a question. Modern business requires a cloud-based platform to stay out in front of the competition you know and the innovative disruptor you might not know yet. It is a world of pivoting these days. Bold leaders fully grasp that to win they must compete on customer experience. This requires their companies…
We are living in an age of unprecedented industry change, as industries as diverse as retail, media and manufacturing are undergoing rapid, and often unpredictable, transformation. This accelerating rate of industry disruption is driving companies to adapt far more quickly to the changing business environment in order to survive. The “Kodak moment” has evolved from…
If you want to achieve and sustain a competitive edge in today’s global, digital economy, Enterprise Resource Planning (ERP) can be an important tool in your arsenal. If you define ERP as Mint Jutras does, as an integrated suite of modules that forms the operational and transactional system of record for your business, every business…
In a world of pervasive digitization, real-time demands and global competition, businesses of all types must run as efficiently and effectively as possible. Despite that common objective, it may seem that organizations in different industry sectors have few things in common. Do the operational challenges faced by an online retailer compare to those faced by…
