Remove Examples Remove Innovation Remove Payback Period Remove Process
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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

The audience for such innovation wants to be receptive: A recent American Hospital Association (AHA) survey found that 75% of senior hospital executives endorsed the importance of digital innovation. Yet, despite their stated enthusiasm, hospitals have been notoriously slow to adopt digital innovations. health care system.

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How GE Stays Young

Harvard Business Review

That includes learning from the outside and striving to adopt certain start-up practices, with a focus on three key management processes: (1) resource allocation that nurtures future businesses, (2) faster-cycle product development, and (3) partnering with start-ups. Resource allocation: i ncubating a protected class of ideas.

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How to Get People to Collaborate When You Don’t Control Their Salary

Harvard Business Review

The parallels with business are clear: Stars are a crucial but perhaps fragile source of innovation and competitive advantage. Costs naturally drop as people gain experience collaborating and develop the trusted relationships that smooth the process, but you should take steps to lower those costs more quickly.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. Furthermore, the operating managers cannot take their eyes off day-to-day operations to focus on innovation. Traditional companies therefore rely on two strategies.

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Accelerating Customer Adoption at the Bottom of the Pyramid

Harvard Business Review

It starts with a trickle : To illustrate this challenge from my own experience, let's look at the example of drip irrigation , a technology that has been around for more than 50 years. But beyond product and technology innovations, more widespread adoption can only happen if the behavior of individual farms changes in a fundamental way.