How Digital Transformation Can Improve Hospitals’ Operational Decisions
Harvard Business
JANUARY 18, 2022
It can help with patient flow, staffing, scheduling, and supply-chain management.
Article Information Technology Operations 
How Smaller Manufacturers Can Upgrade Their Tech
Harvard Business
SEPTEMBER 21, 2023
It is an opportune time for SME manufacturers to upgrade their operations by investing in new software and manufacturing innovations. The reasons include pressures on OEMs to build more resilient supply chains and to regionalize production and the falling cost and increasing ease of use of new technologies.
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How to Implement AI — Responsibly
Harvard Business
MAY 10, 2024
They identified four key moves — translate, integrate, calibrate, and proliferate — that leaders can make to ensure that responsible AI practices are fully integrated into broader operational standards.
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Why Physicians Resist Using Algorithm-Based Apps
Harvard Business
MARCH 19, 2024
This article suggests ways their resistance can be overcome. A limited study of physicians in the United Kingdom’s National Health Service found that they are resistant to using algorithm-based tools, including AI-based applications. The research, which consisted of interviews with 32 physicians, identified four reasons for their reluctance.
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Health Systems Need to Completely Reassess How They Manage Costs
Harvard Business
NOVEMBER 15, 2018
hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. Cost reduction requires an honest and thorough reassessment of everything the health system does and ultimately, a change in the organization’s operating culture. PM Images/Getty Images. ” Clearly, more is needed.
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Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
After building a successful model in financial services, Oliver Wyman expanded to offer pure strategy consulting services to non-financial services groups and now has 2 internal divisions that operate relatively independently. Strategic Information Technology and Operations. Oliver Wyman became own firm again.
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IBM Consulting Interviews: Navigating the IBM GBS Maze
Management Consulted
OCTOBER 18, 2013
It should be no surprise since they have been the birthplace of many technological advances, were one of the founders of the entire personal computer industrial revolution, and now are leaders in new software platforms, hardware infrastructure and workplace equality. These services focused on business management and information technology.
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How Cloud Computing Is Changing Management
Harvard Business
FEBRUARY 8, 2018
Theories and practices of management often spring from the opportunities created by new technologies. The complex calculations of the field known as Operations Research were enabled by mainframe computing. That modifies his job from solely capital expenditure to operating expense, and effectively a collaborator on growth.
What Could Amazon’s Approach to Health Care Look Like?
Harvard Business
FEBRUARY 6, 2018
For existing health care companies, the operative words in that mandate have been “health care”; for Amazon, the operative words likely are “service that needs to be delivered to a customer.” At its root, health care is a service that needs to be delivered to a customer. So where is the link to health care?
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Limit Cyberattacks with a System-Wide Safe Mode
Harvard Business
MAY 17, 2017
As a result, when companies are hacked, it can take days for information technology teams to isolate infected systems, remove malicious code, and restore business continuity. But they continue to operate and communicate with other systems until information technology teams shut them down and correct the malfunction.
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BearingPoint Interview Preparation – Mystery or History?
Management Consulted
JANUARY 20, 2014
However, today BearingPoint is emerging as a player in the operations and technology scene, especially in Europe, and has re-established an impressive growth trajectory. Now, BearingPoint is operated as a Netherlands-based partnership which consisted of 120 partners in 14 countries throughout Europe. Information Technology.
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Bank Profitability: Decoding the Income Statement
Tom Spencer
OCTOBER 6, 2023
For the sake of simplicity, we will present the information in a consolidated manner. Operating expenses Operating or non-interest expenses will be affected by many moving parts such as wages, benefits, infrastructure, and information technology. Image 3: Illustrative example of a bank’s operating expenses 4.
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88 Management Consulting Salary Guide for 2019
CaseInterview.com
MARCH 5, 2019
Their emphasis on technology, cost-cutting, and effectively managing operations has led to better consultant pay over time. Project leaders and partners mainly oversee these operations and interpret the data to provide solutions to clients. Information Technology Consulting. Total MBA Salary: $201,900. Conclusion.
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Management Consulting
CaseInterview.com
MAY 26, 2023
Rather than addressing the operational angle of how to do it, we address the bigger question of what to do. This may involve traveling to the client’s site to collect data, interview employees, and examine daily operations. There’s an article in Bloomberg Business Week that outlines how the strategy consulting industry began.
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Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
Early on, he wrote many articles about his real passion of “taking the measure” on business problems. The firm sold a majority stake in the US government business for $2.45B to the Carlyle Group (Booz Allen Hamilton) and Booz & Company, owned and operated as a partnership, assumed the commercial strategy role. Program Management.
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What Foundations Are Missing About Capacity Building
Harvard Business
JULY 4, 2016
These include administration, facilities, information technology, employee training, equipment, human resources and sometimes – just sometimes – fundraising. Because no one likes to fund fundraising. It’s sales.
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Business Ecosystems: Building Stronger Connections
Tom Spencer
SEPTEMBER 15, 2023
If you are an iPhone user, can you imagine moving to a mobile phone than runs on an Android operating system? Getting used to the new operating system would take weeks. The most seminal literature on ecosystems is McKinsey’s ‘ The Ecosystem Economy ‘, a book which also inspired this article. Not likely.
Can AI Address Health Care’s Red-Tape Problem?
Harvard Business
NOVEMBER 5, 2018
Administrative and operational inefficiencies account for nearly one third of the U.S. Labor is the industry’s single largest operating expense, with six out of every 10 people who work in health care never interacting with patients. health care system’s $3 trillion in annual costs.
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Why Are We Still Classifying Companies by Industry?
Harvard Business
AUGUST 18, 2016
They have expanded far beyond the “Information Technology” tag attached to them by GICS. Today, technology is just a standard part of corporate infrastructure, like operations or marketing. But Information Technology doesn’t seem like the right category to group them into.
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AI Adds a New Layer to Cyber Risk
Harvard Business
APRIL 13, 2017
From self-driving cars to drones to automated business operations, this technology has the potential to enhance productivity, direct human talent on critical issues, accelerate innovation, and lower operating costs. In addition, there are unique and new cyber risks associated with cognitive and AI technology.
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How Machine Learning Is Helping Us Predict Heart Disease and Diabetes
Harvard Business
MAY 30, 2017
In response, hospitals are increasingly making analytics and new technologies an integral part of hospital operations. Business analytics widely used in the transportation industry by airlines and shipping companies are beginning to be employed to schedule operating rooms and staffing.
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Data Quality Should Be Everyone’s Job
Harvard Business
MAY 20, 2016
In an earlier article I called out “data revolutionaries,” those individuals who disrupt companies by advancing data quality agendas. So she reached out to Stephanie Fetchen, head of operations, who plotted monthly errors on a control chart. That required measurement.
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129 Companies Are Turning Drones into a Competitive Advantage
Harvard Business
JUNE 29, 2016
Soon, it might be worthwhile for many companies to check whether drone-based data could add value – either to optimize current operations or offer new avenues for growth. As an example, French railway operator SNCF is using an internal drone program to enhance safety and maintenance through network surveillance.
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125 The Secret History of Agile Innovation
Harvard Business
APRIL 20, 2016
In 1986, one of us (Takeuchi) and coauthor Ikujiro Nonaka published an article in Harvard Business Review called “The New New Product Development Game.” One came from a Bell Labs article on the Borland Quattro Pro team , suggesting that short daily team meetings increased group productivity dramatically.
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A Study of 16 Countries Shows That the Most Productive Firms (and Their Employees) Are Pulling Away from Everyone Else
Harvard Business
JULY 13, 2017
One of them has clearly been information technology. In Capital in the Twenty-First Century , Thomas Piketty wrote that to study wage inequality, “We must introduce other factors, such as the institutions and rules that govern the operation of the labor market in each society.” .” How Trade and IT Fit In.
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How to Make Sure Good Ideas Don’t Get Lost in the Shuffle
Harvard Business
JUNE 6, 2018
As an experienced manager, he knew that his manufacturing and operation division’s success depended on getting creative ideas from his employees. Justin Tierney/EyeEm/Getty Images. In 2007 Joseph Golan, a division leader at Elop, an Israeli electro-optics company, faced a challenge.
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A.T. Kearney Interview & Culture
Management Consulted
JANUARY 18, 2015
Now known to be THE best sourcing, procurement and operations consulting firm in the world, A.T. Kearney becomes a wholly owned subsidiary of EDS in September, nearly doubling in size and vastly expanding its industry expertise and information technology capabilities. Operations. MC Articles. 1995 – A.T.
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Why Hospitals Need Better Data Science
Harvard Business
OCTOBER 19, 2017
Southwest Airlines, for example, has figured out how to do well the two operational things that matter most: Keep more planes in the sky more often, and fill each of them up more, and more often, than anyone else. First, hospital operations are in many ways like airline and airport operations and transportation services.
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71 What the Companies on the Right Side of the Digital Business Divide Have in Common
Harvard Business
JANUARY 31, 2017
While some have invested significantly in technology, operational, and cultural changes, others are lagging behind. Other financial and operating indicators showed similar disparities. The broad deployment of digital technology requires rethinking both business and operating models. for leaders and 3.2%
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Success with the Internet of Things Requires More Than Chasing the Cool Factor
Harvard Business
AUGUST 7, 2017
With data analytics provided by Microsoft Azure and an informational infrastructure developed collaboratively by Industrial Scientific and Cisco, operators now have a dashboard to remotely monitor the people, equipment, and air quality in the mine in real time. The reason? These groups must work together. Not so cool.
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More Training Won’t Reduce Your Cyber Risk
Harvard Business
NOVEMBER 24, 2017
An entire industry now exists to train us humans to be smarter in how we operate computers, and yet the number of cybersecurity incidents continues to rise. There are simply too many chances for us to accidentally hurt ourselves or the networks on which we operate regardless of how much training we receive. naqiewei/Getty Images.
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119 The Fight of The Two R’s: Robots v Redundancy
Tom Spencer
NOVEMBER 2, 2019
This has not only reduced the need for checkout operators but who now packs the bags? This begs the question, why do we favour productivity and efficiency if the new technology is simultaneously kicking workers out of jobs and diminishing the user experience? Artificial intelligence is already having an impact in our daily lives.
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60 How P&G and American Express Are Approaching AI
Harvard Business
MARCH 31, 2017
Ash Gupta is President of Global Credit Risk and Information Management at American Express, and Guy Peri is Chief Data Officer and Vice President of Information Technology at P&G. Both are addressing cognitive applications that benefit customers and bring operational business value to their own organizations.
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70 A Tool for Balancing Your Company’s Digital Investments
Harvard Business
OCTOBER 18, 2016
With this model, an investment can be defined as strategic, key operational, support, or high potential. Note that whether the technology used is “leading edge” is secondary. Key operational investments sustain existing business operations, helping to avoid any disadvantage. Selecting project managers.
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Types of Consultants - Free Management Library
Consulting and Organizational Management
NOVEMBER 15, 2010
Some people assert that these consultants focus mostly on “soft” skills regarding peoples’ beliefs, feelings and perceptions, and less on “hard” skills regarding organizational structures, processes and operations. — Look for the articles in this series, including: What Do Consultants Do? Types of Consulting Can Overlap.
The 4 Tiers of Digital Transformation
Harvard Business
SEPTEMBER 21, 2021
A framework to ensure your digital investments are driven by strategic objectives.
Why CIOs Make Great Board Directors
Harvard Business
MARCH 15, 2017
“Traditionally, boards have tended to stay out of operational functions, but technology is so pervasive that the best practice is to have direct board engagement in technology through active committees, just as they would with audit, compensation, and other key areas.”
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Why Process Is U.S. Health Care’s Biggest Problem
Harvard Business
MARCH 19, 2018
A lot of money has been spent on information technology in health care with little to show for it. ilbusca/Getty Images. To understand why we must pay a visit to the hospital.
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How the EMR Is Increasing Innovation and Creativity in Health Care
Harvard Business
OCTOBER 10, 2017
Fifty-eight percent of patients referred to Virginia Mason, our medical center in Seattle, for back surgery would be more appropriately treated without an operation. Information technology has come late to health care delivery. Electronic medical records can help correct these systemic defects.
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The Promise of Blockchain Is a World Without Middlemen
Harvard Business
MARCH 6, 2017
As we outline in “ The Internet of Agreements ,” our paper for the World Government Summit in Dubai, “the incidental complexity involved in business operations could go down by a very large factor, into a domain where a much more complex, contingent and interwoven business environment will emerge.
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Why Financial Statements Don’t Work for Digital Companies
Harvard Business
FEBRUARY 26, 2018
As digital companies become more prominent in the economy, and physical companies become more digital in their operations, income statements too become less meaningful in investors’ decisions. In a previous HBR article , we argued that, in contrast to physical assets that depreciate with use, intangible assets might enhance with use.
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71 How the Big Data Explosion Has Changed Decision Making
Harvard Business
AUGUST 25, 2016
Organizations I work with increasingly struggle to straddle two painfully polarizing operating principles. The digitally networked enterprise — whether Slacked, Chattered, Skyped, Google Doc-ed — sharply exacerbates tensions and pain points: More stakeholders can instantly access, and share, actionable information.
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To Survive, Health Care Data Providers Need to Stop Selling Data
Harvard Business
JUNE 14, 2017
The bulk of HCIT investment supports startups that sell data — clinical or operational information that is otherwise difficult for clients to obtain or to organize. How the most innovative providers are creating value. Yet too many HCIT providers are still pursuing that data-centric advantage.
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Fighting Chronic Disease Starts with Better Pediatric Care
Harvard Business
OCTOBER 17, 2017
Health information and other technology. Achieving these essential features will be more easily accomplished with the aid of health information technology (IT), including electronic medical records (EMRs) and population-health-management software. whether someone is employed and his or her earnings over time).
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