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Everything You Need to Know About Oilfield Services

Strategy Driven

These include seismic testing, directional services for drillers, transport services, and more. They also offer specialized expertise in engineering, procurement and construction. From project management to technical support, these firms can help their clients manage the risks and costs of drilling operations.

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6 Ways Technology Can Help Companies Innovate Out of the Coronavirus Downturn

Strategy Driven

In my book, “The Innovation Ultimatum: How Six Strategic Technologies Will Reshape Every Business in the 2020s,” I outline the technologies that will drive unprecedented innovation into products and services in the 2020s, creating entirely new business models. These technologies are: Artificial intelligence (AI).

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To Understand the Future of Tesla, Look to the History of GM

Harvard Business Review

That year, as management tried to coordinate all the operating details across all the divisions, the company almost went bankrupt when poor planning led to excess inventory, with unsold cars piling up at dealers and the company running out of cash. What Does GM Have to Do with Tesla and Elon Musk?

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To Go Digital, Leaders Have to Change Some Core Beliefs

Harvard Business Review

Digital transformation halts, or fails, for many reasons—but most often it’s because minor changes at the surface level do nothing to affect the fundamental operations of a company. ” In order to get there, he plans to “evolve our business model accordingly.” We need to be more like Oracle.

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How GE Stays Young

Harvard Business Review

Under CEO Jack Welch in the 1980s and 1990s, they adopted operational efficiency approaches (“ Workout ,” “Six Sigma,” and “Lean”) that reinforced their success and that many companies emulated. In 2009, GE’s transportation unit developed a new sodium battery for a hybrid engine for locomotives.

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How Industrial Systems Are Turning into Digital Services

Harvard Business Review

Those systems can now transmit real-time data about the performance of industrial machines as well as the components of energy and transportation systems. Railway operators and wind farm owners were among the first to deploy the concept. The race toward new industrial business models.

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Most On-Demand Businesses Aren’t Actually Disruptive

Harvard Business Review

Namely, more and more of the on-demand businesses we see on a daily basis are being founded atop increasingly weaker value propositions; convenience without any sort of sustainable cost advantage. When Uber and Airbnb burst on the scene, they were tackling major inefficiencies in the markets for transportation and housing.