Cost Control

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Randy Bean
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Big Data Fatigue?

Some people suggest that the concept of “big data” is nearing the end of its fifteen minutes of fame. They couldn’t be more wrong — because big data isn’t just about managing social media, unstructured data or massive data sets. It is an approach to data and analytics that finds new ways of looking at information — and it’s here to stay.

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Innovating during a downturn

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In the last 12 months, “innovation has become more important, not less,” according to innovation expert Vijay Govindarajan.

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New and noteworthy

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Two news items that capture some of the spirit of the times:

 

In a New York Times column, Thomas Friedman raises the question of whether this downturn may signal the end of an era of unsustainable growth.

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Lowering the cost of innovation

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Michael Schrage of the MIT Center for Digital Business sees inexpensive digital business experiments as a form of “innovation risk management.”

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Cutting costs strategically

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Need to lower costs? Think about “re-featuring” your product, suggests Scott D. Anthony of Innosight.

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Innovating During a Recession

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Looking for ideas about how to help your organization thrive during the downturn? Andrew Razeghi, a lecturer at the Kellogg School of Management at Northwestern, has posted a thoughtful essay on innovating in a recession.  Razeghi combines useful tips with examples of companies that prospered during past downturns, including the Great Depression.

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More companies seek creative alternatives to layoffs

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In this downturn, some companies are trying cost-cutting measures such as reducing workweeks, offering or requiring unpaid time off, or cutting executive compensation.

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Creative responses to the downturn

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While layoffs make headlines, some companies are finding creative ways to respond to the recession.

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Does Corporate Governance Matter?

There comes a time when corporate governance has little influence over performance, because competitive forces cut away at management fat. That’s according to researchers at New York University’s Leonard N. Stern School of Business, who studied the performance of companies before and after 30 anti-takeover laws were passed in different states between 1985 and 1991.

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Designing the Right Product Offerings

Companies create product versions from multiple components. The big challenge is how to take the available components and combine them into the product versions and product lines that will maximize profits.

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