Over the past 30 years, most companies have added new C-level roles in response to changing business environments. The chief financial officer role, which didn't exist at a majority of companies in the mid-1980s, rose to prominence as pressures for value management and more transparent investor relations gained traction. Adding a chief marketing officer became crucial as new channels and media raised the complexity of brand building and customer engagement. Chief strategy officers joined top teams to help companies address increasingly complex and fast-changing global markets. Today, the power of data and analytics is profoundly altering the business landscape, and once again companies may need more top-management muscle.
Mark Preston, global lean leader with Lean Applications LLC, outlines the key factors to be considered in fostering a "culture of excellence" within companies.
Procrastinating is out this year when it comes to holiday shopping, with 62 percent of consumers surveyed planning to finish their gift buying on or before Dec. 16, according to the International Council of Shopping Centers.
Companies will face next year emerging threats in cloud data storage that will demand security measures that go far beyond what is offered by service providers, a university report says.
One of the new buzzwords in the demand planning arena is demand sensing. Developed around 2003, demand sensing has slowly been grabbing the interest of the CPG, energy, food, beverage, and chemical industries. Often viewed as an alternative to demand management, demand sensing is anything but. Let's compare the two.
Despite the shortest shopping season since 2002, Adobe Systems predicts record growth for online sales on Thanksgiving with $1.1bn and Black Friday with $1.6bn, increases of 21 and 17 percent, respectively.
TNT Express, one of the world's largest express delivery companies, has opened a new warehouse in Doha to support and sustain its business growth in the country.