Harvard Business Review

FEBRUARY 17, 2016

This kind of innovation is almost a textbook example of frugal innovation. It removes a major source of cost/effort to both supplier and customer and relies on simply being smart with what you already have. Here are some striking examples of how these digital innovators are shaping the frugal economy worldwide: Healthcare.

Cost 8

Cost Globalization Innovation Banking 8

Harvard Business Review

SEPTEMBER 5, 2016

Yet there’s compelling evidence that bureaucracy creates a significant drag on productivity and organizational resilience and innovation. By our reckoning, the cost of excess bureaucracy in the U.S. economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. Here’s the arithmetic.

Cost 8

Cost Bureaucracy GDP Management 8

Harvard Business Review

NOVEMBER 18, 2013

Historically, multinationals innovated in rich countries and sold those products in poor countries. Reverse innovation is doing exactly the opposite. It is about innovating in poor countries and selling those products in rich countries. Reverse innovation is also a significant learning opportunity for students in engineering.

Education 8

Education Innovation Engineering Constraint 8

Harvard Business Review

OCTOBER 25, 2018

To analyze the superstar dynamics of firms, our metric was economic profit, a measure of a firm’s profit above and beyond opportunity cost. (To To do this, we take the firm’s returns, deduct the cost of capital, and multiply by the firm’s total invested capital.) counties, which account for 90% of GDP in that sector.

Industry 11

Industry Company GDP Bottom-up 11

Harvard Business Review

JANUARY 11, 2016

But few governments appear to have the money or the political will to foot the up-front costs to prevent or fight fragmentation. Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. Innovation in Cities. Insight Center.

Finance 8

Finance Innovation Bond Incentives 8

Harvard Business Review

NOVEMBER 29, 2013

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 11

GDP Supply Chain Globalization Technology 11

Harvard Business Review

SEPTEMBER 20, 2011

A vast ideological gap on macro-economic policy divides Washington and much of the nation, but there is almost universal agreement on one solution: innovation. Innovation is now perceived as a panacea for job creation, income generation, economic growth, dollar strength, and the revival of the U.S. as global hegemon.

Innovation 13

Innovation Supply Chain Offshoring Policies 13

Harvard Business Review

MAY 1, 2017

The global financial crisis prompted many companies to pull in their horns, hoard cash, trim costs, and take a wary view of large investments. times global GDP) to more than $600 trillion (9.5 times global GDP). times global GDP) to more than $600 trillion (9.5 times global GDP). And capital continues to expand.

ROE 13

ROE Long-term GDP Six Sigma 13

Harvard Business Review

OCTOBER 17, 2018

It finds that AI could (in aggregate and netting out competition effects and transition costs) deliver an additional $13 trillion to global GDP by 2030, averaging about 1.2% GDP growth a year across the period. The average effect on GDP depends on multiple factors. Why do laggards not jump into AI?

GDP 9

GDP McKinsey Long-term Technology 9

Harvard Business Review

APRIL 18, 2017

In fact, whether cultural diversity carries more economic benefits than costs is still a hotly disputed question among scholars. Moreover, workplace heterogeneity may give rise to coordination problems , as language and cultural barriers increase transaction costs. percentage points. percentage points in developing countries.

Long-term 9

Long-term GDP Diversity Construction 9

Harvard Business Review

SEPTEMBER 4, 2017

In the decade between 2005 and 2015, labor productivity in the US as measured by GDP per labor hour was less than 1% for 7 of the 10 years, according to the OECD. In turn, the company is achieving lower levels of employee and customer churn, and correspondingly lower employee hiring and customer acquisition costs.

Human Capital 14

Human Capital Kaizen Agility Energy 14

Harvard Business Review

AUGUST 23, 2011

In the second quarter of 2011, China's Gross Domestic Product (GDP) growth slowed to 9.5%. From the vantage point of many in the United States, where optimistic estimates of GDP growth continue to be cut and now hover around 2%, it seems that the Chinese "problem" is a nice one to have. That was down from 9.7%

GDP 13

GDP Christensen Disruptive Innovation Business Model 13

Harvard Business Review

APRIL 4, 2014

The Federal Reserve is projecting GDP growth of 2.8 Sounds good; “New investment in innovative technologies” makes a great headline for the next earnings call or annual report. companies are great at improving existing operations and thinking of new ways to apply technology to drive productivity. to 3 percent in 2014 (U.S.

Efficiency 8

Efficiency Maturity Strategic Planning Business Model 8

Harvard Business Review

NOVEMBER 22, 2017

Yet health care, which represents about 10% of global GDP, has lagged behind other sectors. And just in time, too, because the demand for services is on the rise at the same time that the need to rein in costs is becoming ever more acute. Generate high-quality imaging, laboratory, and operational data. By 2018, as many as 1.7

Health Care 8

Health Care Content Power GDP 8

Harvard Business Review

JANUARY 20, 2015

Without an acceleration in productivity growth, the rate of global GDP growth is set to decline by 40% from 3.6% MGI has identified sufficient opportunities to boost productivity growth to 4% in the 19 national economies of the G20 group plus Nigeria, which together account for 80% of world GDP. a year between 1964 and 2012 to only 2.1%

Globalization 8

Globalization Productivity Products GDP 8

Harvard Business Review

FEBRUARY 16, 2011

The cause of its demise, ultimately: overstating benefits and understating costs. Incentives shape human behavior — and overcounting benefits and undercounting costs is a surefire way to blunt our incentives to innovate, to take on ambitious goals, and create real value. Innovation atrophy. So here's a question.

Incentives 15

Incentives GDP Hypercompetition Self-aware 15

Harvard Business Review

APRIL 11, 2013

How well they''re built and operated is crucial to economic growth and is a key arbiter of an economy''s competitiveness — and yet, virtually every economy faces an array of infrastructure challenges. of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries.

Transportation 8

Transportation GDP Globalization Finance 8

Harvard Business Review

JULY 19, 2017

Digital transformation forces wholesale change to the foundations of an enterprise — from its operating model to its infrastructure, what it sells, and to whom and how. Industries dominated by information-rich assets (think publishing and music) were swept up in the early wave of internet innovation. No industry is immune.

Technology 8

Technology Industry GDP Content 8

Harvard Business Review

FEBRUARY 8, 2018

The complex calculations of the field known as Operations Research were enabled by mainframe computing. The cost may be lower, but like traditional computers, it is still a cost. For one thing, lower costs mean they can be quickly adopted by startups unencumbered by legacy costs and practices.

Management 11

Management Software BPM Technology 11

Harvard Business Review

NOVEMBER 30, 2017

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. manufacturers do source from domestic suppliers, they tend to regard them purely as a cost center.

Supply Chain 8

Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

MARCH 22, 2013

An open, neutral internet has been a force for sweeping social change: democratizing information, commerce, and access to jobs, triggering GDP growth and a rising standard of living. With internet innovation comes congestion. Innovation in content quality has surpassed innovation in internet delivery. It is not a given.

Fixed Costs 15

Fixed Costs Technology Efficiency Innovation 15

Harvard Business Review

JANUARY 14, 2016

Cluster hammers had never been used to such depths — and never in Chile at all — but in a striking display of openness, the managers of the rescue operation tried the suggestion, which proved to be a key decision in bringing all 33 miners to safety. Innovation in Cities. Insight Center. Missing the forest for the trees.

Engineering 8

Engineering Project Benchmarking Hammer 8

Harvard Business Review

FEBRUARY 6, 2018

GDP dedicated to health care as fertile ground for expansion. For existing health care companies, the operative words in that mandate have been “health care”; for Amazon, the operative words likely are “service that needs to be delivered to a customer.” jamie jones/Getty Images.

Health Care 9

Health Care Retail Operations Insurance 9

Harvard Business Review

SEPTEMBER 13, 2017

For slaughterhouses and retailers (Brazilian operations), we also projected positive benefits: $20 million to $120 million (0.01% to 0.1% Nonetheless, the case study demonstrates that measuring the value of sustainable business can be done, and that sustainable business itself can be cost-effective. of revenues).

Supply Chain 8

Supply Chain Net Present Value Retail Cost of Capital 8

Harvard Business Review

OCTOBER 2, 2013

Today’s model is using African diasporas where companies hire native Africans living abroad and then send them to the continent to expand their operations. While IBM can do that, I will prefer readily available local talents for cost and locally supported organic succession. Education drives technology.

Education 8

Education Technology IPO GDP 8

Harvard Business Review

DECEMBER 7, 2015

To achieve this target, however, China will need to find new engines of growth, such as consumption, innovation, and entrepreneurship, all of which are emphasized in the plan. With the new plan, the composition of the economy is likely to change markedly in the coming years, and companies need to divine, adapt to, and exploit these shifts.

Planning 8

Planning Policies GDP Health Care 8

Harvard Business Review

DECEMBER 20, 2011

trillion to the GDP, or about one-fifth of the nation's total gross domestic product. Implement smart health care reforms: The retail industry is highly sensitive to rising labor costs and federal health coverage mandates will force many retailers to downsize their workforce. Retail contributes $2.5

Retail 12

Retail Policies Supply Chain Health Care 12

Harvard Business Review

JANUARY 18, 2016

The prospect of urban innovation excites the imagination. The messy truth is that cities are not the same, and even the most innovative approach can never achieve universal impact. The opportunities to innovate will differ greatly by segment. Yelp, Zillow, and Trip Advisor are examples of innovations in this context.

Real Estate 8

Real Estate Entrepreneur Finance Innovation 8

Harvard Business Review

NOVEMBER 13, 2012

Last week PwC released its Low Carbon Economy Index 2012 report, which calculated one simple, powerful number: In order to meet the 2°C warming target, we will need to reduce the global carbon intensity (how much carbon it takes to produce every unit of energy or GDP) by 5.1% Dow Chemical has reduced energy costs $9 billion since 1994.

McKinsey 8

McKinsey GDP Cost-Benefit Analysis Constraint 8

Harvard Business Review

NOVEMBER 23, 2016

they account for 50% of employment and 45% of GDP. Others were unable to borrow to replace lost assets and address other operating needs, compromising their earnings potential. Generally speaking, entrepreneurs may need to rethink their risks to improve the chances that their innovations succeed. In the U.S., In the U.S.,

Insurance 8

Insurance Risk Management Finance Supply Chain 8

Harvard Business Review

SEPTEMBER 24, 2013

That breakthrough is value-based care, the goal of which is to lower health care costs and improve quality and outcomes. Instead, it will be about costs and patient outcomes: quicker recoveries, fewer readmissions, lower infection rates, and fewer medical errors, to name a few. Lowering Costs Without Compromising Quality.

Health Care 8

Health Care Supply Chain Cost Quality 8

Harvard Business Review

AUGUST 5, 2015

But as start-ups mature, the grow-at-all-cost narrative will be replaced by a flight to capital efficiency and profitability. That’s significant for a country with a GDP of $270 billion. A great web developer with at least five years’ experience can cost less than $25,000 a year.

Outsourcing 8

Outsourcing Technology B2B GDP 8

Harvard Business Review

FEBRUARY 29, 2012

By comparison, China's FDI stock equals 8% of its GDP; more than 70% of that FDI consists of wholly foreign-owned enterprises (as opposed to joint ventures); and foreign firms produce half of China's exports and more than 90% of China's high-tech exports. Of course, this system has turned China into a manufacturing juggernaut.

Comparison 14

Comparison GDP Technology Outsourcing 14

Harvard Business Review

MARCH 22, 2013

An open, neutral internet has been a force for sweeping social change: democratizing information, commerce, and access to jobs, triggering GDP growth and a rising standard of living. With internet innovation comes congestion. Innovation in content quality has surpassed innovation in internet delivery. It is not a given.

Fixed Costs 8

Fixed Costs Technology Efficiency Innovation 8

Harvard Business Review

MAY 11, 2017

Firms with a cost or quality advantage have always enjoyed higher market shares. Superstar companies make lots of profit per employee, so as they become a bigger and bigger part of the economy, the overall share of GDP going to labor goes down. In a recent paper , we put forward a different story based on the rise of superstar firms.

GDP 8

GDP Video Sharpe Consensus 8

Harvard Business Review

DECEMBER 6, 2016

After-tax profits are at historically high levels; they were more than 50% higher as a share of GDP in the years 2010-2015 than they were over the prior 20 years. They are also global leaders in tax avoidance, giving rise to concerns in Europe and elsewhere that their tax planning innovations have reduced government tax revenues.

Finance 8

Finance GDP System Short-term 8

Harvard Business Review

MARCH 7, 2012

The evidence indicates that the United States is losing its ability to attract and expand the operations of multinationals and their significant contributions to productivity growth, innovation, and high-wage employment. GDP while undertaking 40.9% shares of the global operations of U.S.-based of all U.S. A Shift Abroad.

Globalization 9

Globalization Rivkin Supply Chain Trends 9