Are You Ready to Reinvent Your Company?

Is your company designed like a car with a large dashboard and small windows? Many companies are: focused on internal operations and efficiency, their views of the outside world are limited. But while that may have worked very well in the past, it likely won’t be enough in the future. “We have organizations that are like cars. They have huge dashboards but they have very tiny windows,” says professor Antonio Dávila. “Why is that? It’s because for the last 100 years, the… Read More

Planning an Orderly Return to Work

With governments around the world easing COVID-19 restrictions on movement, companies are tentatively preparing to return to work. But planning that return isn’t easy. There are enormous questions about how COVID-19 will evolve in the coming months. Governments are still defining the policies under which businesses can allow their employees back in the office, and all decisions are contingent on the data. It’s a bit like planning for a trip without knowing exactly where you’re going, when you leave, or how long… Read More

Preparing Your Strategy for When the Storm Ends

COVID-19 is testing the leadership of executives across the globe, who are scrambling to limit the damage caused by the sudden drop in revenue and operations; to reorganize their teams in confinement; and to ensure that the operational nerve center of the company continues to function. For professor Miquel Lladó, this is a time when true leaders will be measured by their ability to breathe energy into their teams, to manage their feelings and to respond under pressure. But while these are… Read More

Integrating Design Thinking: 6 Key Factors

“We can’t solve problems by using the same kind of thinking we used when we created them.” – Albert Einstein While the world’s most famous physicist wasn’t an expert in design thinking, he certainly made a good case for it! More than a process, design thinking is an approach that helps organizations address complex, human-centered problems and better serve their end-users by challenging prevailing assumptions, identifying novel concepts and delivering superior solutions. To this end, design thinking leverages a robust set of… Read More

6 Strategies for Maximizing the Matrix

Matrix structures have fallen in and out of favor since they first emerged in the 1960s yet have increasingly gained traction over the last 20 years amid the mounting pressures of globalization and competition. Sharing functions across the organization, matrix structures have separate chains of command, one for permanent function-based roles and another for short-term strategic projects. For employees, this means that they have at least one boss, a system which has its pros and cons. On the plus side, matrices allow… Read More

Bridging Cultural Divides at the Negotiating Table

Despite painstaking preparations and the best intentions to reach win-win results, negotiations sometimes derail. Build rapport, practice active listening and explore options instead of immediately making offers, advise the experts. This is hard enough as it is, so what happens when cultural differences are added into the mix? “When we negotiate with people from other cultures, we sometimes make assumptions on their intentions and aspirations that may or may not be true,” says Prof. Kandarp Mehta of IESE’s Entrepreneurship Department and Negotiation… Read More

How to Avoid Planning Pitfalls

It’s true that even the most brilliant moves can backfire, but here’s how to sidestep common planning errors — and carefully follow through on your ideas. IESE Professor Albert Fernández shares the most common strategic planning mistakes, so that you won’t make them. He also gives tips for following up after your plans are set in motion. Top Six Strategic Planning Mistakes Not planning enough, or at all. You might not feel you have time. You might not have procedures in place…. Read More