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In the B2B platform economy, companies are looking beyond just selling products and are building platforms that enable others — customers, suppliers, and partners — to create value.
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It’s tempting to look at high-profile business ecosystems and assume that the model is a reliable formula for success. In fact, many ecosystems never earn a significant market share, and only about 15% dominate their markets over time. An analysis shows that most share a common life cycle, with several critical windows along the way. For management, the key is understanding these windows and adjusting the company’s strategy over time to meet the unique requirements of each.
Because of its sharp focus on measurable outcomes, the study of sports analytics brings many of the most critical issues in management into high relief. Through the lens of sports, there is a great deal to learn about leadership, performance management, decision-making, innovation, and, most of all, managing with data. MIT SMR’s sports analytics podcast, Counterpoints, is a great entry point to the playing field of data-driven management practice.
The worlds of venture capitalism and corporate investing are not always easy to combine. Research has identified three simple rules, focused on adapting traditional VC rules, creating effective incentives, and building communication, that may increase corporate venture capital success.
Though the QB gets most of the spotlight, a new analysis from ESPN shows that every NFL team lives and dies by the skills and teamwork of players at the tackle, guard, and center positions in the offensive line. Counterpoints looks at the burgeoning field of O-Line analytics with ESPN’s Seth Walder.
This month’s MIT SMR Strategy Forum poll looks at the global race to deploy 5G — next-generation internet connectivity — which has several countries pitted against each other. We asked our panel of strategy experts to examine the competitive scenario if China were to achieve a 5G rollout first.
Elite soccer is a multibillion-dollar business, and top clubs are constantly looking for the next promising young player that they can develop into a superstar. Youth academies are one way for clubs to do this, but they have to find the players with potential before they can work with them. Counterpoints talks with Chelsea Football Club’s head of research and innovation, Ben Smith, who is on an analytics-driven hunt for star material.
When teams perform consistently, it’s easy to ascribe their winning (or losing) ways to the coaching staff. But the data sometimes tells a different story. So just how much credit — or blame — for team performance should coaches get? Counterpoints looks at the evidence.
The rise of ecosystems requires a new way of thinking about business: the ecosystems perspective. If we can describe this unique perspective, and clear up the myths and confusions surrounding the use of the term, we position ourselves to design strategy effectively in ecosystems.
In the digital age, the competitive landscape can be transformed in the blink of an eye. Companies can use weak digital signals to help redefine their offerings and the scale and scope of how they compete. Companies that can’t do this in a timely manner put themselves at a competitive disadvantage because they must invest in additional resources to catch up.
Digital newcomers who understand their consumers can change the economic status quo. This has been true in China and its banking industry in recent years. The financial arms of Alibaba have used powerful consumer experience insights from their digital ecosystems — and altered the nature of competition for incumbents in the process.
This episode of Counterpoints examines the strategic value of data analytics — and more to the point, whether the data scientists creating the analysis are being rewarded appropriately for their contribution to strategy.
Platform companies with the largest user networks offer significant value for consumers. Yet total network size isn’t the only key to competitive advantage; platform users may place equal or greater weight on having access to specific, local, or higher-quality platform users or information about the network or its participants.
While many businesses have embraced the idea that analytics can help improve performance, there are plenty of skeptics. Can analytics really show business leaders something old-fashioned intuition can’t? In this podcast episode, analytics expert Ben Alamar seeks proof that analytics really do lead to improved results.
Just a few years back, IBM was betting the farm on artificial intelligence with Watson. But with its recent acquisition of Red Hat, IBM has now turned its attention to cloud computing and infrastructure in a strategic move that may have long-term impact in the software industry.
The value of big data is being captured by large companies, but many small businesses are being left behind. One reason: Investors get more data from larger companies, so that’s where they place their bets. Startup and small business owners must think about their data as a new class of economic asset and understand their data helps investors assess them—which affects their ability to raise capital.
In this episode of the sports analytics podcast, Counterpoints looks at the unusual case of Larry Murphy, a right-handed hockey defenseman whose support for Hall of Fame lefthanders helped two teams win the Stanley Cup in the 1990s. Was this outcome due to a unique quality Murphy brought to the game, or does a more general strategy of finding complementary talents improve team performance?
This episode of the sports analytics podcast Counterpoints shows that the greatest legal advantage in sports is a good night’s sleep. Using wearable devices to monitor athletes’ sleep, physiologists have shown that at least 8 hours of sleep can greatly improve performance — with implications not just for sports, but all areas of business and daily life.
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