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3 Steps to Break Out in a Tired Industry

Harvard Business Review

The topic of conversation was the hotel industry. Both men thought that the industry was stale and too homogeneous relative to the diversity of customers it sought to serve. The industry had largely been unaltered since the onset of hotel chains over half a century ago. ” They two men were plotting to change that.

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Elon Musk’s Patent Decision Reflects Three Strategic Truths

Harvard Business Review

A long-term view towards driving down costs from electric vehicle parts suppliers, spurring the development of more widespread EV infrastructure, and thereby making EVs more appealing and affordable – all of which would ultimately benefit Tesla. Traditional automakers define themselves by their role within the automotive industry.

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Three Unexpected Ways to Help with Disaster Recovery

Harvard Business Review

When the devastating earthquake struck Haiti in January 2010 , killing more than 250,000 and injuring countless more, donors and governments sent billions in aid and in-kind support. It's an approach we call creating shared value ( my coauthor Mark Kramer and FSG cofounder Michael Porter wrote about this in Harvard Business Review ).

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Can Companies Both Do Well and Do Good?

Harvard Business Review

Porter and Mark R. Carlucci and Riboud have both confronted the key social or environmental issue in their industry (in Danone's case, obesity and unhealthful food consumption; in Natura's, deforestation and poverty) and redirected their company's strategy to tackle it. See, for example, " Creating Shared Value ," by Michael E.

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The Changing Role of Global Leaders

Harvard Business Review

In November 2010, to big fanfare at Unilever's London headquarters, chief executive Paul Polman boldly articulated a new strategy. Witness Chris Lazslo's work on sustainable value , and Michael Porter's theorizing about shared value. The change has not gone unremarked by management's leading thinkers. And that requires a real skill.

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The Comprehensive Business Case for Sustainability

Harvard Business Review

Michel Porter and Mark Kramer pioneered the idea of “creating shared value,” arguing that businesses can generate economic value by identifying and addressing social problems that intersect with their business. billion in mining projects since 2010. This can disrupt a firm’s ability to operate on schedule and budget.

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18 of the Top 20 Tech Companies Are in the Western U.S. and Eastern China. Can Anywhere Else Catch Up?

Harvard Business Review

But as the digital revolution continues to spark widespread disruption in other industries — automotive, financial services, health care, and retail — who will win? The contest is now shifting toward more-traditional industries, like transportation (Lyft and Uber, for example) and hospitality (Airbnb). Insight Center.