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June 11, 2017 at 11:14AM
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 11:17AM. Show all posts
Showing posts with label 2017 at 11:17AM. Show all posts
Sunday, June 11, 2017
EPFO to invest Rs 22,500 crore in ETFs this fiscal
Sunday, June 4, 2017
15th Meeting of the GST Council to be held on 3rd June, 2017
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15th Meeting of the GST Council to be held tomorrow, 3rd June, 2017 – Approval of amendments to the draft GST Rules and related forms and Finalization of the rates of tax and cess on the remaining commodities are on the Agenda among others for tomorrow’s meeting.
June 04, 2017 at 11:00AM
from Editor
SEBI on Formation of Committee on Corporate Governance
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The Committee shall make recommendations to SEBI on the following issues with the aim of improving standards of corporate governance of listed companies in India: 1. Ensuring independence in spirit of Independent Directors and their active participation in functioning of the company;
June 04, 2017 at 10:49AM
from Editor
Monday, May 29, 2017
Refugees find entering German job market tough, but not impossible
Newcomers to Germany face a variety of challenges when searching for a job. Several refugees told InfoMigrants about their struggles finding employment in Germany. “By 2020, half of the newcomers to Germany will have found a job,” Detlef Scheele, the head of the German Federal Employment Agency, … Read full article »
May 29, 2017 at 11:09AM
from Nora Nassif
Digital BoD’s Digital Inquiries
Due to the “VUCA” characteristics – complexity, uncertainty, ambiguity and velocity of the Digital Era, today’s BoDs need to have sufficient knowledge to understand the business ecosystem, with the “outside-in,” whole-of-extended enterprise perspective. The digital directorship needs to steer their organizations toward uncharted water and blurred business territories. The goal of the digital paradigm shift should look beyond immediate symptom fixing, the focus should focus on mind shift and actions designed to solve real problems, sustain performance improvement and anchor change as a new opportunity. Therefore, today’s BODs should be insightful, influential, strategic, and highly effective. They should be able to make effective strategic decisions, as well as have the discernment to assess business competency objectively. Here are a set of digital BoD’s digital inquiries.Do we know how to assess for the core business competency we need? Digital transformation makes a significant impact on every aspect of the business from people, process to technology both horizontally and vertically. Many organizations are at the inflection point of digital transformation journey. The dynamic digital organizations need to get away from letting things fall through and start creating “integrated wholes.”The Board has to have an in-depth understanding of the organization’s strategic direction and its implementation alternatives: They need to be engaged at the most senior levels to help influence and shape the business of the future. They should help to make an objective assessment of the business strength & competency, or the weakest link via “SWOT” or other comprehensive business analysis. It is important to identify and fill the business competency gaps because statistically, the capability-based strategy has much higher success rate than the other style of strategy management. The board should help the top executive team pinpoint the possible blind spots or potential pitfalls on the way to achieve strategy. The digital board should more focus on performance progress toward the strategic goals, objectives, schedules, resources.,etc, of the value maximization planning. And the deep boardroom discussions around the business progress should be the process to facilitate high-level management accountability.
Do we know how to find the talent we need? Besides strategy oversight and performance monitoring, the board also sets the digital leadership tone and makes policy for talent management. People are the center of any business. However, people are often the weakest link in both strategy management and change management. “Hiring the right person with the right capability for the right position to solve the right problems at the right time,” is the mantra for any forward-looking organization at the digital era. Because there are so many dilemmas to manage today’s digital workforce, with the speed of change and volatility of the economy, businesses become so dynamic, and talent also flows around more frequently. Digital organizations should leverage the latest digital technologies and platforms, explore the alternative digital channels for recruiting, developing and managing their talent effectively and innovatively. The right mindset is utmost quality for being a right fit because the power of the mind is the force to change for the more prosperous business. One of the classic debates reflects the talent management paradox: “Shall you train your people?” What happens if you invest in developing the people and then they leave? What happens if you don’t invest and they stay? Should you train your people and how to do it just right? The corporate board can advise and brainstorm talent management/solutions with the business executive wisely, with the goal to strengthen the people link and accelerate digital transformation.
What leadership development and training do we need? Leadership is all about future. Leadership development is about change. Training isn’t going to make you, but it will certainly help you become more knowledgeable, and think about what you are currently doing. Often organizations rely too heavily on the sporadic one-day training to develop and equip managers and directors and leaders. Leadership is both nature and nurtured. Everyone is different, so the ‘classroom’ alone is not enough to make lasting changes and get a good RoI. Leadership training approaches need to be vertical and developmental moving forward, not horizontal and behavioral like the old days. Digital leaders today not only need to show solid conventional intelligence such as “IQ” and “EQ,” but also have to present a set of unconventional intelligence and multidimensional thinking capabilities for dealing with over-complexity and hyper-competition of the digital new normal, and handling unprecedented uncertainty and ambiguity seamlessly. In essence, leadership training is not just for managers only, leaders also need to engage their people so that this improves company performance and everyone knows that they have an impact/stake in the business in making it grow. They all lead in the different level to unleash collective human potential and achieve high-performance business result.
The digital board provides an “outside-in” view of the business and multi-dimensional lenses to oversee and advise business strategy and execution and steer business toward the right direction. Their objective assessment of business competency and strategy oversights help the top management to close blindspots, bridge gaps, and provide the new perspectives for driving changes and making a leap of digital transformation.
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May 29, 2017 at 11:14AM
from Pearl Zhu
Sunday, May 21, 2017
The Monthly “IT Innovation” Book Tuning: Rejuvenating IT to get Digital Ready May 2017
Within abundant information and emergent digital technologies, IT is a key component of holistic business mindset to re-imagine “what is possible” – unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity. The art of possible to reinvent IT for the digital age is to deliver the value of information in helping businesses grow, delight customers and doing more with innovation.Rejuvenating IT to get Digital Ready
Three Factors to Accelerate Digital Innovation? There is no doubt innovation is becoming more important whereas technology becomes more advanced in the digital era. In fact, the speed of change is expedited, so does the speed of innovation. Innovation is the core activity of human evolution, to change the environment for advancement; to reach performance for profit, to improve efficiency for saving of resources, to sell products/services for the satisfaction of customers. And digital innovation has much broader spectrum which includes both hard innovations such as products/services/processes/business model innovations, or soft innovations such as leadership/management/culture/communication innovation. Here are three factors to accelerate the pace of digital innovation. ?
Running an “I” driven Digital IT Organization Digital means the rapidly change, with an unprecedented level of unrepeatability and unpredictability. The ability of companies to consume and make sense of the information that is available to make good decisions or capture business insight for enforcing innovation within today’s digital dynamic is becoming a nearly insurmountable challenge. IT as the information steward, how to manage information well and unleash the full digital potential of the business?.
How to Rejuvenate IT via Overcoming IT Identity Crisis? It is the dawn of the digital era with an abundance of information and lightweight digital technologies. Information is penetrating into every core process of the organization. IT plays a pivotal role in such a paradigm shift, However, most of the business users or consumers lack a comprehensive understanding of IT. They either think IT as the shining technology toys /gadgets, or the help desk & maintenance center; they also perceive IT leaders as stereotypical technology geeks or arrogant IT nerds. To rejuvenate the shadowed IT image and fragile IT reputation, how can IT clarify its vision & mission, convey a clear & cohesive brand message, overcome IT identity crisis, and build a reputable brand to improve its own and the overall business maturity??
The Multi-Color of Digital IT? IT is in the middle of a sea change, traditional IT organization is monolithic, monocolored, stereotypical, and slow to change. In order to improve the tarnished image of IT, digital CIOs must set principles and guidelines, but not overly restrictive rules to run digital IT with the enriched color of IT leadership, empowered IT talent teams and enhanced IT-business partnership to make a leap in digital transformation.
Setting Principles to Run an Innovative IT: Creativity is becoming increasingly crucial in today’s business environment because it breeds innovation. But it’s common that many IT companies tend to focus more on their core competencies and often forget about the value of innovation management. Without innovation, organizations would be upstaged by the competitors that are creative because disruptive innovation will happen no matter you prepare well or not. IT needs to become a business’s innovation engine because the intersection of IT and people is where innovation happens. So how to set principles to encourage creativity and run an innovative IT in a systematic wayThe blog is a dynamic book flowing with your thought; growing through your dedication; sharing your knowledge; conveying your wisdom, and making influence through touching the hearts and connecting the minds across the globe. The “Future of CIO” Blog has reached 1.8 million page views with about #3600 blog posting. Among 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes the time to attract the “hungry minds” and the “deep souls.” It’s the journey to amplify diverse voices and deepen digital footprints, and it’s the way to harness your innovative spirit.
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May 21, 2017 at 11:12AM
from Pearl Zhu
Setting Principles for Managing Digital Innovation
The blurring border of the digital organization and its business ecosystem make the world hyper-connected, but also over-complex. Organizations today can no longer rely on a single individual or team to drive innovation, or still think innovation as a serendipity. Digital is the age of innovation, and innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. But it’s also important to set principles and manage innovation in a structured way across the organizational scope and digital ecosystem.
“Dissatisfaction with status quo is the psychology behind creative disruptions: Innovation management shapes bigger box, but the traditional type of management cannot look outside the box. When people get stuck at “we always do things like that” mentality, businesses will run in the mechanical mode; or most of the time, the company executives’ nervousness stems from the fear of failure and to some extent loss of control. But from the long term perspective, the innovative management make more profit than those that weren’t. So leaders need to understand that as they try to desperately cling to the conventional norms of “command and control” leadership that they are actually stifling the very creativity that their company depends upon for success and ultimately corporate survival in the long run. Hence, today’s digital leaders and professionals should keep learning and adapting, thinking out of the box, making plans, but be dynamic to make an adjustment, and they are just the one who can see things differently and do things alternatively.
“Innovation has to become the philosophy, and part of DNA in an organization: To test for how ‘creative’ or accepting of ‘creativity’ a company is by asking – How does learning occur? How is success defined? And how is failure defined? However, most of the traditional organizations are “busyness” to focus only on transactional effort. The challenge is to provide the most desirable environment to spur creativity or to build the culture of innovation. The best way to foster creativity is to help people to communicate in a way that instills confidence, not fear. Creating a culture of creativity is, by nature, a cultural change. Some innovative organizations provide “play time” to encourage creative thinking and experimenting. As businesses get more cut-throat in the hyper-connected digital environment, innovation has to become the part of DNA in an organization for delivering unique products/services, and improving employee engagement and customer satisfaction.
“Prioritization provides a framework for focusing on creativity: Creativity can be in the form of an idea, a solution, or an approach. Prioritization is about managing constraints, you can’t do everything; so which projects will you do to maximize the business value? Prioritization enables businesses to manage innovation with a focus, not for stifling innovation. Prioritization brings transparency to the organization. Prioritization forces people to be more creative, creating internal competition among new ideas and projects, to come up with better ideas, because now they know that their ideas will be discussed at the board level, and if chosen, they will be followed closely and manage more effectively to achieve business goals. So in company cultures where creativity not always valued, to involve everyone in creativity and to provide a focused approach to real business problems, companies could benefit from a structured approach.
The purpose of Innovation Management is not to promote innovation, but to manage innovation as a process. Innovation Management nowadays is more science than art. Most companies fail at innovation execution because they have no clear processes, nor understand the linkage required to work horizontally across departments, or a holistic approach to managing innovation. Starting with the end in mind – what you want to see or do or have, and then think backward from to what the next simpler step is, then back to what are the next simpler components, back to what you have at hand. In practice, managing innovation as a process involves the bulk of data, methods, and approaches, the complexity of processes encountered speaks in favor of scientific approach. What defines science from chance is the ability to repeat a process with the same resultant solution every time. Innovation processes need to be rigorous, not too rigid; innovation is the change, change management needs to be an integral part of innovation management.
Innovations succeed when failure is seen as a learning step to great success: Innovation and risk often go hand-in-hand. With creativity, “change” is made.” With every “change,” the risk is involved. Innovations fail because folks fear innovation. Innovation fails because there are too many disconnects that occur between the birth of a vision/concept and the process of turning it into a reality. The more dramatic and powerful the innovation is, the greater the risk would be. Innovations succeed when failure is seen as a learning step to great success. An overall framework for innovation with periodic reviews will help to sustain progresses and minimize the risk of idea flops.Setting principles and applying disciplines to innovation is to better align innovation management with strategy, to justify the initial investment in the program and the initial results for innovation management and measurement. Digital paradigm shift also includes the perspective of building a scalable innovation environment or innovation ecosystem. It is crucial to fine tune innovation processes, capabilities, and develop a set of practices to manage innovation portfolio more effectively.
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May 21, 2017 at 11:08AM
from Pearl Zhu
Monday, May 8, 2017
Asian Trading Update: Rally Extends – Live Trading News
Live Trading News |
Asian Trading Update: Rally Extends
Live Trading News Markets had been given a positive lead from New York, where all three main indexes ended with healthy gains, with the Nasdaq posting yet another record, following a better-than-expected jobs reading. The economy added an estimated 211,000 net new … |
May 08, 2017 at 11:09AM
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Friday, May 5, 2017
Sell Hindalco Industries, target Rs 178: Siddharth Bhamre
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Sell Hindalco Industries Ltd. at a price target of Rs 178.0 and a stop loss at Rs 199.0 from entry point
May 05, 2017 at 11:11AM
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Buy Voltas Ltd. target Rs 440: Kunal Bothra
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Buy Voltas Ltd. at a price target of Rs 440.0 and a stop loss at Rs 410.0 from entry point
May 05, 2017 at 11:11AM
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Buy Godrej Industries, target Rs 575.0 : Dr CK Narayan
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Buy Godrej Industries Ltd. at a price target of Rs 575.0 and a stop loss at Rs 550.0 from entry point
May 05, 2017 at 11:11AM
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Buy State Bank of India, target Rs 312: Kunal Bothra
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Buy State Bank of India at a price target of Rs 312.0 and a stop loss at Rs 293.5 from entry point
May 05, 2017 at 11:11AM
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Monday, May 1, 2017
NZD/USD supported above 0.6850 amid risk-on, US data eyed
The NZD/USD pair extends its bearish consolidation phase into a fourth day this Monday, with the bears now targeting a break below ten-month lows struck last week at 0.6845. Over the last hour, the Kiwi is seen making tepid-recovery attempts as broad USD … Go to Source Author:
The post NZD/USD supported above 0.6850 amid risk-on, US data eyed appeared first on ForexTV.
May 01, 2017 at 11:06AM
from NZD Editor
GBP on yearly highs, NZD on yearly lows
GBP was definitely a silent hero of this week. We were all focused on the EUR from the very beginning but behind their back, we got beautiful upswings on the GBP and it looks like this sentiment will continue. GBPUSD ended the flat correction that they … Go to Source Author:
The post GBP on yearly highs, NZD on yearly lows appeared first on ForexTV.
May 01, 2017 at 11:06AM
from NZD Editor
GBP/CHF Cruising To Correct Lower In The Near-Term
Consolidation phase should lead to a reversal shortly. Losses could extend to the 1.2465 mark. Keep an eye on the fundamentals for any upsets. The GBP/CHF has been experiencing some strong sentiment swings recently which comes as little surprise given the …
The post GBP/CHF Cruising To Correct Lower In The Near-Term appeared first on ForexTV.
May 01, 2017 at 11:06AM
from CHF Editor
USD/CHF: below the balance line
EUR. The ECB also saved interest rates and incentive measures unchanged. “The incoming data reinforce our confidence that the observed economic growth will continue to strengthen and expand,” however, “the risks … are still shifted downward, and …
The post USD/CHF: below the balance line appeared first on ForexTV.
May 01, 2017 at 11:06AM
from CHF Editor
Chart Art: More Gains for AUD/CHF and GBP/CHF?
Bounce or break? AUD/CHF is hovering right at the very bottom of its long-term ascending channel visible on the daily time frame, still deciding whether to resume its climb or push for a breakdown. The 100 SMA is above the longer-term 200 SMA, which …
The post Chart Art: More Gains for AUD/CHF and GBP/CHF? appeared first on ForexTV.
May 01, 2017 at 11:06AM
from CHF Editor
Sunday, April 30, 2017
Bitcoin hits all-time high in trading against the dollar
April 28 (UPI) –For a second consecutive day, the cryptocurrency bitcoin hit an all-time high before slipping some in afternoon trading. At its high point Friday morning, the virtual currency was trading at $1,343.59, though it has since dropped by about … Read Full Story
The post Bitcoin hits all-time high in trading against the dollar appeared first on ForexTV.
April 30, 2017 at 10:56AM
from Bitcoin News Editor
Saturday, April 29, 2017
Artificial Intelligence – Reality or a New Fad? – The Cross Timbers Gazette
The Cross Timbers Gazette |
Artificial Intelligence – Reality or a New Fad?
The Cross Timbers Gazette Artificial intelligence is going to touch most of the verticals and industries including: banking; automotive; manufacturing; E-commerce; professional services; shipping; airline; logistics; and, more. What will be the impact on job market? This shift … |
April 29, 2017 at 11:09AM
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Friday, April 28, 2017
Amazon faces ‘content spending war’
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CNBC’s Arjun Kharpal discusses Amazon’s business strategy, saying that the company is facing a “content spending war” with Apple, Netflix and the like.
April 28, 2017 at 11:16AM
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