In today’s volatile marketplace, as an individual and as a business, you’re only as good as your last success – and recipes of success from the past may prove inadequate to guide us. New information technologies – including high speed internet, low cost devices and intuitive social media platforms – are opening up new communications channels, driving market changes and shifting consumer patterns. The rulebooks of business are being rewritten and market-slayers can be tiny niche players who take on the corporate big beasts and win. Even the very notion of sustainable competitive advantage is questionable today – as firms like Microsoft, Nokia and Blackberry bear [...]
In a KPMG survey of over 300 business students from leading universities and business schools in 27 different countries, conducted in conjunction with the KPMG International Case Competition (KICC), 89 percent of students said they were prepared to move countries regularly for the right job, demonstrating that today’s business students are coming into the workforce with a global mindset.
A majority of leading business students (60 percent) are worried that another Global Financial Crisis would significantly impact their career prospects when they enter the workforce. Just under half (46%) of those surveyed also think that current global instability will make it harder [...]
In 2005, when Lenovo took on the challenge of acquiring IBM’s personal computer (PC) division and its iconic ThinkPad product line, we knew we had a lot of learning to do, and we had to do it quickly. The marketplace was not going to wait for us to figure out how to integrate our eastern and western cultures. We had to jump in head-first and find ways to leverage our diversity in order to produce relevant products and stay financially successful.
We grew from a $3 billion China-based company to a $39 billion global company and became the #1 PC+ company in the world by leveraging our diversity. Today, we have more than 54,000 employees, who speak over 40 different languages in [...]
Chief Human Resource Officers (CHRO) oversee one of the most critical components of the organization: its people. What makes one organization more successful than another? Often, the largest differential is the workforce, which is made ever more complex and challenging than other business functions because of its human factor. In the cost cutting environment we recently emerged from, human resource (HR) executives had to mitigate fallout from layoffs and hiring freezes, work tirelessly to align the overall business strategy with the needs of the company and counteract low employee morale in order to remain competitive and above water. Since early 2013 and to date, with falling [...]