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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

Consider, for example, a surgical patient who starts in the pre-operative area, then moves to the operating room, the post-anesthesia care unit, and the inpatient floor, with occasional side trips for imaging, testing, and physical therapy. This annual process makes it problematic for the department to invest in an innovative technology.

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

Harvard Business Review

My analyses show that “smart collaboration” — that is, collaboration targeted at the right opportunities — nearly always pays out, but only after people spend time developing the underlying relationships and processes. Many people and companies start the investment, but quit before seeing the returns.

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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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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. For example, the legacy part of the organization is subject to tight fiscal discipline while the VC arm is given pots of money to bet on new ideas.

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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. It is important to look for points where you can influence the natural process to accelerate widespread adoption.