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How Innovation Boosts Profitability

The Horizons Tracker

The impact of innovation to improve the profitability of companies is something that has always been assumed, but nonetheless, it’s nice to have some tangible evidence to show it’s the case. They found that the most innovative firms achieved 1.95% higher growth in profitability each year than their less innovative peers.

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The Vital Secondary Market For Innovation

The Horizons Tracker

Despite concerns that the pace of innovation has been slowing in recent decades, 2020 saw over 1,000 patents registered per day in the United States alone. Most of the research on innovation examines how something new gets produced, not how the idea itself moves about. The secondary market for innovation.

Marketing 124
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Airbnb’s Pricing Algorithm Has Unintentionally Made The Racial Revenue Gap Worse

The Horizons Tracker

Airbnb has notably developed an AI-based smart-pricing tool that allows hosts to set the price of their property each day automatically. “Our results show that a smart-pricing algorithm can be effective in mitigating racial disparities, but that effectiveness is limited by the extent to which the tool is adopted.”

Price 121
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Strategies to Integrate Artificial Intelligence Into Sales Processes

Strategy Driven

It helps companies decide which markets to enter, which products to develop, and how to allocate resources most effectively. Optimizing Pricing Strategies With AI Price optimization is another realm where AI can significantly impact businesses.

Process 106
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Research Reveals How Quickly Gentrification Occurs

The Horizons Tracker

One senses that cities have an uneasy relationship with the gentrification of districts, as while the improvement in these areas is almost certainly welcome, there are also obvious concerns that the rising house prices that accompany the changes will be pricing poorer residents out of the region. ” Greater openness.

Price 127
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6 Factors That Can Impact Your Commercial Business

Strategy Driven

Understanding market trends requires thorough market research and analysis. It can involve studying consumer behavior, monitoring competitors, and staying informed about industry developments. It could involve investing in new product development, exploring new market segments, or adopting innovative marketing strategies.

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Unlocking the Potential of Less Than Truckload (LTL) Freight Shipping: Strategies for Efficiency and Cost Management

Strategy Driven

The challenges with LTL shipping range from understanding complex pricing structures to effectively coordinating multiple shipments. These classes, determined by density, stowability, handling, and liability, affect prices and must be accurately assigned to keep shipping expenses in line with budget expectations.