Online articles
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Displaying 1-30 of 854 results
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Drive your innovation with improved decision-making
- Article
- 01 Dec 2023
- Linda A.Hill, Taran Swan, Emily Tedards
Despite their embrace of agile methods, many firms striving to innovate are struggling to produce breakthrough ideas. A key culprit, according to the authors, is an outdated, inefficient approach to decision-making. To align their decision-making processes with agile approaches, businesses need to include diverse points of view, clarify decision rights and encourage constructive conflict in the pursuit of a better experience for the end customer. The article suggests best practices for these interventions, drawing on the story of the transformation at Pfizer’s Global Clinical Supply, which pl...
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Why diverse teams reduce errors
- Article
- 01 Dec 2023
- Heidi Grant, David Rock
Recent studies, including mock juries and simulated markets, reveal that diverse teams improve discussion, reduce errors, and excel in decision-making. Diverse teams promote constant re-examination of facts,
objectivity, and careful information processing, preventing biases and errors. Gender and cultural diversity in leadership also correlate with increased innovation and new product development.
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How to deal with a dishonest negotiator
- Article
- 01 Dec 2023
- Leslie K.John
People, including negotiators, lie every day, so when you’re trying to make a deal, it’s important to defend against deception. The best strategy, says the author, is to focus not on detecting lies but on preventing them. She outlines five tactics that research has shown to be effective.
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Women trust employers less than men
- Article
- 01 Dec 2023
- Wenny Katzenstein, Ashley Reichheld, Emily Werner
The article discusses the reasons that women employees tend to trust the company they work for less than their male counterparts. The authors relate various ways in which women are treated differently than their male colleagues, even when it comes to equity and inclusion programs designed to redress such inequities. They outline three strategies that may help increase trust in female employees.
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Hunt plans UK pension revamp to unlock billions for investment
- Article
- 16 Nov 2023
- Merryn Somerset Webb
Chancellor Jeremy Hunt is set to unveil a package of growth reforms that will allow British companies to release billions of pounds from pension funds for investment. The Pension Protection Fund will also be given new powers to consolidate small retirement plans, with the aim of enabling funds to make larger investments in the UK. The government hopes that these measures will close the UK's investment gap with Europe and boost the country's growth rate.
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How to keep remote workers connected to company culture
- Article
- 09 Nov 2023
- Matthew Finnegan
Companies that don't proactively move to keep remote employees aligned with corporate goals and culture run the risk of turning them into 'gig' workers. The article covers steps businesses can take to ensure that remote workers are better aligned with company goals, culture and their colleagues.
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Reframing employee health: Moving beyond burnout to holistic health
- Article
- 02 Nov 2023
- Jacqueline Brassey, Brad Herbig, Barbara Jeffery, Drew Ungerman
A survey conducted by the McKinsey Health Institute across 30 countries provides insights into how organizations can prioritize the holistic health of their employees. Positive work experiences are associated with better holistic health, increased innovation, and improved job performance. The article suggests that organizations should prioritize employee health as a strategic imperative and align it with their broader environmental, social, and governance framework.
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Investment and career insights from women in asset management
- Article
- 01 Nov 2023
- Erin Allen, Samantha Cleyn, Shannon Lewis, Bonnie Li, Asma Panjwani
Five women from BMO's Global Asset Management team provide insights from their paths into a career in asset management. Although they come from different career backgrounds, they have a mutual love of the pace, excitement and learning opportunities the industry offers. Here they share their top tips for success in asset management.
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No longer lonely at the top
- Article
- 01 Nov 2023
- Ben Gose
The hiring of co-CEOs is becoming more common in non-profit organizations due to trends such as a desire for work-life balance and the need for diverse leadership. Shared leadership allows organizations to tap into different skill sets and create a stronger leadership model. While there are potential drawbacks to the co-CEO model, such as slower decision-making and confusion among staff and stakeholders, advocates argue that it promotes better decision-making and demonstrates a commitment to equity and inclusion.
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Leading remote or hybrid teams
- Article
- 01 Nov 2023
- David J.Elrod
Leaders need to take special care to communicate effectively with remote or hybrid team members, says David J.Elrod. The article runs
through useful methods of communication and emphasises the need to provide clarity on strategic plans and priorities and give regular feedback.
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Microaggressions in the Accounting Academy: The Black experience
- Article
- 01 Nov 2023
- Phebian L.Davis, Denise Dickins, Julia L.Higgs, Joseph Reid
Black Americans are underrepresented members of the US accounting academy. By interviewing Black accounting faculty about their experiences during their doctoral education and institutional hiring and promotion processes, the authors have discovered stories of degradation, stereotyping, and exclusion (i.e., microaggressions) that participants report negatively impact their views of the academic accounting profession and increase their turnover intentions.
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Reimagine how you recruit and train managers
- Article
- 01 Nov 2023
Traditionally companies focus on skill and development programs to help prepare their managers, but a Gartner study suggests that a fundamental shift in the managerial pipeline is crucial. The study recommends a better selection process, where employees can nominate themselves for managerial roles, preventing biases and diversifying the pipeline. Training programs should prepare aspiring managers for the complexities of the role, focusing on issues like pay equity, remote work and redundancies.
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Cultivating virtual management skills for the hybrid world
- Article
- 16 Oct 2023
- Alicia Morris
Today’s managers often need to engage and motivate their teams across multiple locations; yet it’s likely many have had no formal training
specific to virtual management. The article highlights key areas of focus for improving virtual team management skills, including accountability, hybrid meeting facilitation, communication methods and network mapping.
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Year after LDI crisis, UK funds doing better
- Article
- 09 Oct 2023
- Sophie Baker
One year on from the UK's liability driven investment (LDI) crisis - when the announcement of a set of unfunded tax cuts sparked a dramatic period in the UK pension fund world and the gilt market - retirement plans are largely in a better place than they were. Money managers have highlighted changes to pension funds made in response to the gilts upheaval, with funds largely having lower liabilities and improved governance around hedging portfolios.
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JPMorgan exec says 'Wall Street 2.0' will be better for women
- Article
- 04 Oct 2023
- Kyle Campbell
Mary Callahan Erdoes, CEO of asset and wealth management at JPMorgan, delivered a keynote speech reflecting on her career in finance at American Banker's 'Most Powerful Women in Banking' Conference 2023. The article gives quotes from her talk, which discussed the advantages of remote working for women in the workplace, as well as the importance of being curious and becoming a subject matter expert.
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Tailored flexibility
- Article
- 01 Oct 2023
- Danielle Lee
There is no one blueprint for cultivating a female-friendly workplace, as the top firms on Accounting Today's 2023 Best Firms for Women list emphasize, but as accounting practices attempt to sketch out a better culture for attracting, retaining and advancing women, lessons can be learned from the list's winners. The article features quotes from the top three ranked firms from the 2023 Best Firms for Women list, providing insights into how they are successfully fostering an inclusive workplace for women.
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Fortune's Most Powerful Women in business (MPW) 2023
- Article
- 01 Oct 2023
- Maria Aspan
Article celebrating the top 100 women in business in 2023. The list's new global scope and bigger scale recognize the international nature of top executives' work - as well as the near-record number of women who are leading companies in the US Fortune 500 and the Fortune Global 500, the largest companies in the world.
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Strategic storytelling: How to amplify your impact and drive better risk management discussions
- Article
- 01 Oct 2023
- John P.Angkaw
The article underscores the transformation of risk professionals into trusted strategic business partners. As part of this shift, the author believes risk professionals need to expand their skillset to communicating complex information well to a diverse set of stakeholders. He outlines a strategic storytelling framework that can be tailored to meet the unique needs of any risk professional, detailing a range of potential engagement scenarios.
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Embracing the Flexible Staffing Model
- Article
- 01 Oct 2023
- Steve Saah
How flexible staffing can help organizations gain access to specialized skills, save costs, and reduce burnout. If you’re considering bringing in highly skilled contract talent to work alongside your permanent staff, here’s a look at some of the top advantages you can realize from this move. These include increased access to in-demand talent and specialized skills, improved competitive position, and avoiding costly bad hires.
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The state of DEI: A Q&A with Crystal Cooke
- Article
- 01 Oct 2023
- Jeff Drew
Crystal Cooke, director of Diversity and Inclusion at AICPA & CIMA, assesses the state of Diversity, Equity, and Inclusion (DEI) initiatives and attitudes in accounting. She discusses challenges faced in the US accounting industry, including setbacks in legislation and job losses in DEI roles, and gives advice on how accounting firms and finance departments can create a positive DEI culture.
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Innovative processes in finance and accounting
- Article
- 01 Oct 2023
- Vineet Jain
Adopting innovative technologies can lead to streamlined processes, real-time insights, and increased focus on strategic planning, says Vineet Jain CA. The article looks at innovation in the record-to-report (R2R), accounts payable and procure-to-pay processes and the potential for automated tools to assist with these tasks. Finally, important challenges associated with AI and other innovative technologies and skill sets which forward-thinking finance and accounting professionals should develop are covered.
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When I grow up, I want to be...
- Article
- 01 Oct 2023
- Susan Muldowney
A look at the challenges faced by the accounting profession in attracting young talent, as enrolments in accounting-related university degrees decline. Topics include the need to change the perception of the profession among young people, showcase the diversity of roles within accounting, and address outdated stereotypes of brown cardigans.
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Can women have it all? Yes, but not all at once
- Article
- 11 Sep 2023
- Cheyenne Ligon, Arleen Jacobius
Quotes from influential women in institutional investing, who have successfully navigated challenges in balancing billion-dollar portfolios, family responsibilities, and self-care. While their success may appear effortless, these women acknowledge the real challenges they face. They highlight the need for openness about the challenges of maintaining work-life balance, even after reaching high levels of success.
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China enhances tax incentives for employment stabilisation
- Article
- 04 Sep 2023
- Lewis Lu
Lewis Lu of KPMG China discusses enhanced tax benefits for employers, designed to revitalise the country's post-pandemic employment market.
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Return-to-office is a $1.3 trillion problem few have figured out
- Article
- 04 Sep 2023
- Matthew Boyle
In these post-pandemic times, companies are still working out how to adapt to lasting changes to corporate working life. Stark differences have emerged across continents and cultures, with Asian and European workers largely returning to offices at a faster pace than their counterparts in the Americas. However, European working practices vary widely - the UK has one of the highest rates of remote work, and France one of the lowest. The disparities within countries and cities have upended the commercial real estate market, leading to a debt crisis among some landlords.
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Helping employees through mental-health challenges
- Article
- 01 Sep 2023
- Kiran Bhatti, Thomas Roulet
Few managers receive any training for dealing with mental health crises that may arise among employees. Amid heightened external stressors, including the after-effects of the pandemic and economic uncertainty, more employees than ever are experiencing anxiety and depression at work. This article introduces the basic principles of cognitive behavioural therapy (CBT) as a mental-health first-aid tool to help employees address emotional distress and negative behavioural patterns. Recommendations are made for how managers can support employees experiencing mental health issues.
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Do you overprepare? Here are 4 ways to curb this perfectionist tendency
- Article
- 01 Sep 2023
- Ellen Taaffe
Perfectionism can become a liability, says Ellen Taaffe, a clinical associate professor of management and organizations and director of women’s leadership programs at the Kellogg School. In this article she emphasizes the need for individuals - especially women - to let go of perfectionism and embrace progress over perfection at work. In an excerpt from her new book, 'The Mirrored Door: Break Through the Hidden Barrier that Locks Successful Women in Place', she offers four tips for moving forward more comfortably with uncertainty and imperfection.
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Advancing women in leadership
- Article
- 01 Sep 2023
- Theresa Agovino
An interview with Linkage CEO Jennifer McCollum, who has spent nearly three decades helping women in leadership overcome hurdles. She discusses the major obstacles that keep women from leadership roles, and how they can overcome them.
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Rest, reflect, recharge - experts share how to do sabbaticals right
- Article
- 01 Sep 2023
- Emily Haynes
Many of us dream of taking a sabbatical and leaving work behind for a few months, but that's not as simple as it sounds. Experts say sabbaticals are not just a break from work. They demand deep introspection and significant planning to schedule time for rest, reflection, and sometimes adventure. The article gives advice on how to get the most out of the sabbatical experience, and looks at some common types of sabbaticals - 'passion projects', 'quests' and 'free dives'.
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Stories from the front lines: Leadership accounts from the globe's top supply chain executives
- Article
- 01 Sep 2023
- Brian Straight
The article highlights the book 'From Source to Sold: Stories of Leadership in Supply Chain', by Radu Palamariu and Knut Alicke, which offers insights from 26 top global supply chain executives on leadership skills and decision-making. One of the questions the book attempts to answer is why relatively few supply chain professionals have become CEOs. The article includes a diagram showing the attributes of the ideal supply chain leader.
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