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R.J. Reynolds' growth plan: Where there's smoke there's opportunity
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Planning was not always a major consideration at R. J. Reynolds. Ten years ago RJR, like most companies, had very little formal planning. However, since we first opened our doors as a small tobacco business in 1875, we've grown dramatically, becoming a somewhat curious assortment of related and unrelated businesses.
Time: The next strategic frontier
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Paul J.Stonich
In order to build a time‐based organization a firm should: outline a time‐based strategy, assess the feasibility of the strategy, and plan the changes. The implementation stage requires drastic changes in company culture, structure, systems, and the way work is accomplished.
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A Practical guide for implementing reengineering
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The only true gauge of successful reengineering is whether the reengineered process delivered results that increased the competitive advantage of the organization. Therefore, success lies not only in executing a well‐defined methodology, or in developing leading‐edge technology or a set of human‐resource enablers, but in effectively implementing the changes.
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A large dairy stopped endlessly battling competitors for market share and instead concentrated on making the retailer and distributor the target of its operation. This change in focus uncovered new opportunities to create customer‐valued differentiation of its products. Case 2: At a time when most insurance companies were debating whether their customer was the policy holder or the beneficiary, th... hiện toàn bộ
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Many managers wrongly think of business process reengineering only in terms of automating paperwork to cut costs and headcount. But the methodology can also be used to create sets of superior business processes that together produce unique goods and services their customers value highly. In the following cases the companies have achieved important competitive advantage because their customer‐servi... hiện toàn bộ
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SRI International (SRI) is a tax‐exempt, not‐for‐profit, applied‐research organization incorporated in the state of California. Founded by Stanford Uni‐versity in cooperation with a group of West Coast business leaders in 1946, SRI separated from Stanford in 1970 and now has a self‐perpetuating board of directors. Operating income is derived from contracts with clients: SRI has no endowment, and r... hiện toàn bộ
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In theory, the annual budget for a company should not be formulated until after the long term strategic plan has been developed, and goals, objectives and business strategies have been defined for the company as well as for its individual business units. Specifically, the budget should be consistent with the financial plan of the first year of the strategic plan. Unfortunately, in all too many org... hiện toàn bộ
A six‐step guide to process reengineering
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This model integrates proven management tools such as Total Quality Management, benchmarking, customer‐satisfaction measurement, and cross‐functional team building into an innovative process reengineering program.
Reassessing technology management
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The latest buzz word heard in boardrooms, business schools, seminars, executive conferences, lectures, and in management consultants' proposals is “technology management.” In this context, technology is not simply science applied, nor is it simply research and development activity. Technology has become a synthetic term for a number of techno‐socioeconomic forces at play in our material world. And... hiện toàn bộ