article thumbnail

Let Algorithms Decide – and Act – for Your Company

Harvard Business Review

If you needed a hammer, for example, someone would manually produce one for you. The industrial revolution enabled the mass production of hammers with consistent quality and lower cost. Centuries ago everything was manufactured by hand. Certainly, some customization and personal touches were lost.

Hammer 9
article thumbnail

Let Algorithms Decide – and Act – for Your Company

Harvard Business Review

If you needed a hammer, for example, someone would manually produce one for you. The industrial revolution enabled the mass production of hammers with consistent quality and lower cost. Centuries ago everything was manufactured by hand. Certainly, some customization and personal touches were lost.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is America Losing Its Edge in Clean-Energy Tech?

Harvard Business Review

American companies have had to slash their margins to compete, and their share prices have been hammered as a consequence. Carbon constraints and energy policy: The United States has failed to create effective incentives for reducing the climate impact of its energy infrastructure and lessening its costly dependence on foreign energy.

Energy 12
article thumbnail

Designing the Machines That Will Design Strategy

Harvard Business Review

If all you have is a hammer, then everything will look like a nail. Business leaders must pay attention to what can feasibly be achieved within organizational constraints — or have a clear path to removing them. To design such an integrated strategy machine, we believe there are six requirements: Relevant, specific strategic aim.

article thumbnail

Why We Need To Disseminate Innovation To Overcome The Productivity Paradox

The Horizons Tracker

It’s a challenge dialysis technology startup Advitos, a member of the EIT Health accelerator, have been struggling with, as resource constraints mean they have to focus their efforts on larger municipalities, and indeed in markets that they know well. years old by the time they go public, compared to an average of 2.8

article thumbnail

Lean Doesn’t Always Create the Best Products

Harvard Business Review

They expect quality, and use it both as a selection criteria for purchase and as a constraint for sustained use. When process is a hammer, the risk is that everything becomes a nail. The benefit is in producing emotionally sound products: products that people love, not just products people use.

article thumbnail

Yes, Short-Termism Really Is a Problem

Harvard Business Review

But they believe the capital markets place unrealistic and unproductive constraints on them. Then the markets hammer their companies for low top-line growth, telling executives that they won’t be able to maintain profit growth without revenue growth.

Hedge 8