Remove Analysis Remove GDP Remove Management Remove Operations
article thumbnail

The Factors That Influence Acceptance Of AI In Hospitality

The Horizons Tracker

In recent years, artificial intelligence (AI) has made significant strides in enhancing hotel operations and streamlining efficiency. Notably, the research asserts that the most substantial economic gains from AI are projected to occur in China, with a predicted 26% boost to GDP by 2030, followed by North America, expected to experience a 14.5%

Hotels 120
article thumbnail

How Managerial Quality Affects Energy Usage In Manufacturing Firms

The Horizons Tracker

In many ways, it seems like something of a no brainer for the sector to target emissions, as making their operations more efficient has productivity benefits as well as environmental ones. This narrative was further explored in a recent study that also set to take into account things like energy prices alongside the quality of management.

Energy 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What If Companies Managed People as Carefully as They Manage Money?

Harvard Business Review

Today’s executives spend a lot of time managing the balance sheet, despite the fact that it doesn’t represent their company’s scarcest resource. According to Bain’s Macro Trends Group, the global supply of capital stands at nearly 10 times global GDP. How can we manage human capital better? Measure it.

article thumbnail

Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. According to our analysis of occupational data provided by the U.S. million managers, first-line supervisors, and administrators in the American workforce in 2014. That works out to one manager and administrator for every 4.7

Cost 8
article thumbnail

How Cloud Computing Is Changing Management

Harvard Business Review

Theories and practices of management often spring from the opportunities created by new technologies. The complex calculations of the field known as Operations Research were enabled by mainframe computing. Key to the new system are rapid data collection and analysis, followed by over the air changes to product software.

article thumbnail

Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. The returns to society and the overall economy were equally impressive.

article thumbnail

China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Foreign investors have flocked to the country’s shores as many of the world’s largest manufacturers have established operations there. percentage points of GDP growth in 1979-1989, 0.5

GDP 9