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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. This underinvestment has a real cost to U.S.

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The First Wave of Corporate AI Is Doomed to Fail

Harvard Business Review

Already, evidence suggests that early AI pilots are unlikely to produce the dramatic results that technology enthusiasts predict. Recent research from McKinsey Global Institute found that 45% of work activities could potentially be automated by today’s technologies, and 80% of that is enabled by machine learning.

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Get Ready for the New Era of Global Manufacturing

Harvard Business Review

First we see major shifts in demand: developing economies such as China and India are morphing from the world's source of low-cost manufacturing capacity to the world's best market opportunities. McKinsey has identified more than 20 distinct submarkets in China, for example. Innovations Are Changing The Way We Design Products.

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Prepare for the New Permanent Temp

Harvard Business Review

Technology makes reviewing, refining, redesigning and revising both jobs and job descriptions as dynamic as a commodities trading desk. A recent McKinsey & Co. The profound difference between today [2010] and 2005 is that good hires looked like better investments than great tweaks back then. Have people been commoditized?

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The Comprehensive Business Case for Sustainability

Harvard Business Review

Today’s executives are dealing with a complex and unprecedented brew of social, environmental, market, and technological trends. Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. Fostering innovation.

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Improving Innovation in Africa

Harvard Business Review

New research , funded by the Tony Elumelu Foundation and conducted by my team at the African Institution of Technology , shows that within Africa, innovation is accelerating and the continent is finding better ways of solving local problems, even as it attracts top technology global brands.

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Is Your Company Ready for the Circular Economy?

Harvard Business Review

So in 2010, I started this foundation and coined the "circular economy" term to help frame the concept. The whole circular concept sounds daunting — there's quite a bit involved with an approach like that: reverse logistics, cost incursions, consumer awareness. Energy costs are a huge concern for car manufacturers.