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James B. Rice Jr. and Tim Rowell
For PepsiCo, entering the natural beverage market meant developing new risk management practices.
Clayton M. Christensen et al.
Successful business model innovation requires an understanding of how business models evolve.
Mary C. Lacity and Leslie P. Willcocks
Instead of replacing human workers, software robots are an opportunity to augment their skills.
September 13, 2016 | Thomas H. Davenport and Stephan Kudyba
The combination of new analytical capabilities and burgeoning data assets are being used to form value-added “data products.” Such products have powered rapid growth in the value and success of online companies, but the expansion of analytics means the standard model for developing these products needs to evolve. An updated model needs to reflect new “time to market” expectations and input from a variety of stakeholders.
How will your company achieve the types of innovation necessary for continued growth and success? Open access to these three MIT Sloan Management Review articles about strategies for achieving innovation is provided courtesy of PwC.
Joseph V. Sinfield and Freddy Solis
High-impact innovations have built-in uncertainty — but careful strategizing can reduce the risk.
Joshua S. Gans
Businesses are averting disruption by beating their new competition, joining them, or waiting them out.
By Alan MacCormack et al.
Companies are increasingly turning to contests to generate many diverse ideas.
Robert D. Austin
Digital technology makes the creative process faster — and cheaper. And that’s great for business.
Joseph V. Sinfield et al.
Managers can’t afford to rely on haphazard, hit-or-miss approaches to idea generation.
Hari Kumar and Satish Raghavendran
Team-based contests that draw on creativity and collaboration skills can build motivation in employees.
Carlo Ratti (MIT Senseable City Lab)
In this webinar, MIT professor Carlo Ratti discusses how new digital tools will shape the workplace of the future.
August 3, 2016 | Dave Rochlin
Effectively communicating the innovation journey and output to executives requires translation. While innovation processes are becoming more widely used across organizations, they are not always fully embraced at the executive level. Innovationists need to become bilingual — able to present in the style that strategy consulting firms use when making formal recommendations and updates. When speaking to executives, innovation leaders should make sure they are not only heard, but understood.
Kristian J. Sund et al.
Staying competitive may mean exploring new business models — but watch out for internal tensions.
Peter Weill and Stephanie L. Woerner
To prepare for digital disruption, companies need to consider which of four business models to adapt.
Raphael Amit and Christoph Zott
Here are six questions for executives to consider when thinking about business model innovation.
Kurt Matzler et al.
New strategies are helping companies embrace “collaborative consumption” and the “sharing economy.”
June 13, 2016 | Joseph Byrum and Alpheus Bingham
Analytics capabilities can greatly expand a company’s ability to innovate — but what do you do when the talent you need just isn’t available? Agribusiness giant Syngenta, faced with an insurmountable analytics talent bottleneck, turned to crowdsourcing. Using a series of contests, it outsourced the development of a set of award-winning analytics tools to improve its decision making — and learned, in the process, some key factors supporting successful crowdsourcing.
By Andrew King and Karim R. Lakhani
Which parts of your innovation processes should you open up to the wider world?
Julian Birkinshaw et al.
Increasingly, innovation is being applied to the development of new service offerings, business models, pricing plans and management practices.