Innovation

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Four Profiles of Successful Digital Executives

  • Frontiers

  • Research Highlight
  • Read Time: 10 min 

Hoping a jack-of-all-trades can lead your organization’s digital transition is unrealistic. We found four distinct types of successful digital executives who can best provide vision and purpose for digital. Crucially, each type has unique strengths and performs best in different contexts.

The Only Way Manufacturers Can Survive

Although most manufacturers are beginning to flirt with digital technologies, not one has successfully pulled off a digital transformation. CEOs still have to figure out its art — and science — forcing them to draw up their game plans on the fly, which inevitably leads to tension and trauma. But they are learning. Here’s how GE has navigated its own digital transformation process.

When Patients Become Innovators

Patients are increasingly developing sophisticated medical devices and services to meet their own needs — often without help from companies that produce or sell medical products. In this way they are able to benefit from advances that aren’t commercially available. Here, we’ll look at two examples — a solution for managing Type 1 diabetes and one for managing Crohn’s disease — and consider them within the context of the free innovation movement that’s gaining momentum across industries.

How Innovative Partnerships Are Changing Health Care Delivery

  • Interview
  • Read Time: 13 min 

Innovation is transforming the health care industry, with unlikely collaborators teaming up to provide higher-quality, lower-cost services. In this interview with MIT SMR, Harvard Business School professor Regina Herzlinger, an expert in health care delivery and innovation, discusses recent collaborations between retailers and insurers, such as CVS’s partnership with Aetna and Walmart’s with Humana, and explains why hospitals and other providers must be more innovative, too.

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The 20 Most Popular MIT Sloan Management Review Articles of 2017

  • Blog
  • Read Time: 4 min 

The impact of artificial intelligence on the future of work and organizations was an especially popular topic on MIT Sloan Management Review’s website in 2017. But AI wasn’t the only subject on readers’ minds. Other widely read pieces of new content addressed timely issues like digital transformation and design thinking — as well as perennially important topics such as innovation, strategy execution, problem formulation, and negative emotions in the workplace.

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Research Findings: Analytics as a Source of Business Innovation

Sam Ransbotham and David Kiron, co-authors of the 2017 MIT SMR Data & Analytics Research Report, “Analytics as a Source of Business Innovation,” shared the findings and insights from their research into the changing landscape for companies looking to embed data and analytics into their strategies, processes, and operations.

Navigating the Patent Minefield Through Consortia

Bringing high-tech inventions built on patented technologies to market can be complicated and risky. The threat of added costs from patent infringement lawsuits has led technology companies to pool their talents — and patents — in technology consortia. Joining a tech consortium requires managers to weigh intellectual property value against the value of future collaborations and assess the consortium’s pros and cons for innovation, competition, and market creation.

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Will the Internet of Trees Be the Next Game Changer?

  • Interview
  • Read Time: 9 min 

Unlike agriculture, where cutting-edge technologies are being aggressively adopted, forestry and its related industries are something of a technology laggard. But the prospect of the industry using sensors in the field, both in sawmills and even embedded within trees themselves, is emerging. Eric Hansen and Scott Leavengood, both professors at Oregon State University’s Wood Science and Engineering department, discuss how the Internet of Things could help drive efficiency and improve quality in the forestry sector.

Avoiding Analytical Myopia

Analytics offers managers a great way to fine-tune processes, but too many executives focus on metrics at the expense of the bigger picture. The blinders and focus that work well to optimize the details of a problem may prevent managers from seeing other options, and intense focus on a narrow measure can address only the well-specified puzzle — resulting in a myopic view of the problem. Executives who desire bigger breakthroughs need to encourage exploration.

Strategic Sustainability Uses of Life-Cycle Analysis

At its roots, life-cycle assessment (LCA) is a method to quantify total sustainability impacts — like resource use and environmental damage — over the entire life of a product, from “cradle to grave.” While there is informational value in the basic exercise, the real utility of LCA is comparison — that is, comparing one product’s sustainability impacts with another’s. Given the effort and cost involved, what are the strategic benefits of LCA? And should you be employing such a process?

Accelerated Innovation: The New Challenge From China

Chinese companies are opening up a new front in global competition. It centers on what the authors call accelerated innovation — that is, reengineering research and development and innovation processes to make new product development dramatically faster and less costly. The new emphasis is unlikely to generate stunning technological breakthroughs, but it allows Chinese competitors to reduce the time it takes to bring innovative products and services to mainstream markets. It also represents a different way of deploying Chinese cost and volume advantages in global competition.

Showing 1-20 of 112