IN Practice

In this episode of "IN Practice Podcast" we will discuss why it is important for a company of any size to have a risk management plan in place and the importance of developing such a plan. In addition, we will discuss the three primary types of risks an organization will be exposed to, factoring that no one can predict the future. Still, with proper risk management, your company can be better prepared for whatever might happen. This can help your business stay financially stable and ensure it will be around for a long time.

In this episode of "IN Practice Podcast" we will explore how cultures influence any form of change, even if the two firms have a number of similar characteristics. We will also discuss the six steps that, when followed, may ensure that any merger or acquisition results in a successful transformation and integration of cultures. These six steps processes are only effective if they are performed in the correct order.

Many companies find it challenging to bridge the gap between the Business Case and the Realization of Benefits. A recent survey indicates that over 70% of organizations worldwide have suffered at least one project failure in the past 12 months. While companies that made decisions after adopting the business case as a transparent and evidence-based mechanism managed to reduce the number of unsuccessful strategic initiatives and projects by 30%, resulting in a remarkable improvement in productivity, attracting and retaining talented employees, and improving customer satisfaction.

In this episode of "IN Practice Podcast", we will understand how to bridge the gap between the business case and the realization of benefits, how business cases are developed, and why benefits realization is an important mechanism to help organizations get the expected return on investment.

Many businesses struggle with strategy execution, but what are the root causes of this problem? A recent study looked at this question in detail and found that four main factors are responsible for businesses' difficulty in implementing their plans.

In this episode of “IN Practice Podcast”, we will understand how difficult strategy execution may be. We'll learn about eight actions that, if properly performed, can provide executives a clearer sense of how difficult it is to get strategy implementation right.