Harvard Business Review

OCTOBER 22, 2013

In order to do this, your company needs a process to source radical ideas that can catapult your business to new heights, open up new markets, or bring in completely unfamiliar profit streams. Here are five power skills we discovered to help you find uncontested space. Develop Creative Discontent. Let’s say you’re in the energy sector.

Skills 8

Skills Power Six Sigma Disruptive Innovation 8

Harvard Business Review

JULY 8, 2016

China has not been a huge technology innovator, despite being the world’s second-largest investor in R&D , but Chinese businesses have found ways to use innovations in processes, business models, and customer experience to their disruptive advantage. This presents Western companies with a fresh challenge.

Business Model 10

Business Model Innovation Company Apparel 10

Harvard Business Review

OCTOBER 23, 2014

It’s only recently, though, that advances in information technology have made it possible for predictive tools to access and manipulate big data, and to do so continuously — accelerating the generation of insights, and opening up opportunities to anticipate issues with unprecedented precision. They’re also sharing risk.

Health Care 8

Health Care Pharmaceuticals Information Technology Supply Chain 8

Harvard Business Review

OCTOBER 26, 2017

Today when we talk about business “ clusters ,” we’re usually talking about the technology industry in Silicon Valley, the financial sector in London or New York, or automakers in southern Germany. In the early 1920s, as a result of a growing market for Idrolitina, Gazzoni decided to automate the packaging process.

Education 8

Education Pharmaceuticals Innovation Industry 8

Harvard Business Review

JUNE 3, 2016

In fact, the relentless drive to embrace digital technologies has been ongoing for many decades. What also seems to have been forgotten are the lessons from these earlier attempts to leverage IT (remember that IT is a digital technology). The heads of the arrows between the network elements signify the direction of relationships.

Tools 8

Tools Supply Chain CRM Technology 8

Harvard Business Review

APRIL 2, 2018

We invest billions of dollars each year in medicines, new technologies, doctors, and hospitals—all with the goal of improving health, arguably our most prized commodity. So reducing investments in low-value care services means spending less on doctors, hospitals, and other health care technologies. rawpixel/Getty Images.

Health Care 8

Health Care Insurance Pharmaceuticals Incentives 8

Harvard Business Review

JULY 17, 2014

But the real power and full potential of data was not being fully realized by marketing. Similar reform in the relationship between marketing, finance and analytics is taking place across many sectors – from manufacturing and retail, to financial services, travel and entertainment, pharmaceuticals and toys. What Makes a CMO Powerful.

Finance 13

Finance Marketing P&L ROI 13

Harvard Business Review

FEBRUARY 17, 2011

Nadathur's portfolio includes firms operating in drug discovery research, companion diagnostics, pharmaceutical analytics, reimbursement claims processing, patient relationship management, and specialty healthcare delivery for running clinical trials — and they all work together.

Marketing 15

Marketing Venture Capitalist Biotechnology IPO 15

Harvard Business Review

MAY 24, 2012

Pharmaceutical manufacturers, insurers, and retailers invest millions in risk avoidance. But in the era of Big Data and decision-making at the desktop, it's vexing to think that any company with significant technology investments would allow the all-too-human traits of ownership debates and subjective opinion to override robust data analysis.

Merchandising 11

Merchandising Risk Management Supply Chain Retail 11

Harvard Business Review

JANUARY 31, 2013

Increasingly, customers demand more after-sale service; this is the norm now in business-to-business sales, but will spill over to consumer goods, too, thanks to some of the technology advances we'll talk about below. On the innovation front, the opportunities are more diverse, but equally powerful.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

OCTOBER 26, 2015

For a long time, technology gave big players a competitive advantage because no one else could afford to be big. If you were Walmart, no one else could afford the complicated technology required to track the demand logistics from shoppers in Peoria to production plants in China. New strategies will emerge for bigger organizations.

Competitive Advantage 8

Competitive Advantage Pharmaceuticals Industry Trends 8

Harvard Business Review

MAY 10, 2016

As our research has shown us, the core of the problem is not the high number of M&A deals in itself, but rather that too many executives bring insufficient discipline to the evaluation process that fuels these deals — as a result, they often get deals wrong.

Strategy 8

Strategy Company Biotechnology Franchising 8

Harvard Business Review

MARCH 16, 2015

Enrique Santacana of ABB North America, a power and automation-technology firm, voiced his concern this way: “An overarching issue was the exposure we had as a company,” Santacana explained, “For example, how information was being used or may be used in a way that was not conducive to good business practices.

CEO 8

CEO Stephenson Pharmaceuticals Globalization 8

Harvard Business Review

MAY 16, 2011

They tend to play vendors off against each other and shy away from partnerships that require some sharing of power. Google's approach was to license its technology widely and work with partners to develop an ecosystem of user applications, operating software, handset hardware, and telecommunication services.

Software 15

Software Licensing Long-term Telecommunications 15

Harvard Business Review

FEBRUARY 4, 2013

Most of us would say it's exceptionally hard, particularly when power is concentrated in a few incumbent companies with deeply rooted vested interests. But this focused power may be a benefit, not a risk. For example, the rapidly evolving field of biomimicry examines nature's models and processes to help solve human problems.

EPS 8

EPS Innovation CEO Pharmaceuticals 8

Harvard Business Review

APRIL 22, 2013

We live in a world in which amplified individuals — people empowered by technologies and the collective intelligence of their social networks — can do things that previously only a large organization could. In the process we learn from these external innovators, extend our network, and engender a lot of goodwill.

Mission Statement 9

Mission Statement Class Learning-by-Doing Pharmaceuticals 9

Harvard Business Review

JANUARY 15, 2013

He uses the refrigerated box car and its achievements in reducing food-borne illness and saving millions of lives in the process to make his point. Business will move the great masses of humanity forward with advancements in pharmaceuticals, materials, process, and technology — but it will almost always leave 10% behind.

Learning Curve 9

Learning Curve Advertising GDP Pharmaceuticals 9

Harvard Business Review

MAY 17, 2012

After producing an initial prototype — a stripped-down version of traditional incubators powered by electricity — they traveled to Nepal to test it in an urban hospital. For us, innovation is a dynamic process that never ends.''.

Incubator 11

Incubator Business Model Entrepreneur Cost 11

Harvard Business Review

DECEMBER 27, 2013

Sure, the company was eventually both punished and sold (it’s now one of the fastest-growing pharmaceutical businesses in the U.S.). This, of course, has led to the implicit notion that CEOs work for the short-term benefit of their investors, not their employees, and will be rewarded with piles of cash and stock options in the process.

Armstrong 8

Armstrong Long-term Short-term CEO 8

Harvard Business Review

NOVEMBER 29, 2016

The emergence of big data, as well as advancements in data science approaches and technology, is providing pharmaceutical companies with an opportunity to gain novel insights that can enhance and accelerate drug development.

Pharmaceuticals 8

Pharmaceuticals Incubator Health Care Biotechnology 8

Harvard Business Review

OCTOBER 26, 2017

Originally gaining notoriety as the data technology underneath the cryptocurrency called bitcoin, today blockchain technology is expanding its reach far beyond the confines of currency and tackling issues involving transactional social trust throughout the world. So how does blockchain work? Is blockchain appropriate?

Supply Chain 8

Supply Chain Content Power Transportation 8

Harvard Business Review

SEPTEMBER 4, 2015

However, CEOs often don’t have the career background and education that would equip them to personally lead the process of new product development. We found that, for pharmaceutical industry CEOs, there is a statistically significant relationship between a CEO’s specialist background and the firm’s performance.

CEO 8

CEO Innovation Pharmaceuticals Merchandising 8

Harvard Business Review

NOVEMBER 20, 2015

Corporate procurement processes are opaque, secretive, and can be influenced by political pull as well as pure performance. Like it or not, the reality (in supply chains, as elsewhere) is that power is asymmetrical – large customers typically have more clout than you do, and they know it.

Supply Chain 8

Supply Chain Collins Golden Handcuff Pharmaceuticals 8

Harvard Business Review

NOVEMBER 19, 2018

In this article, I explain why many models are better than one and also describe three rules for how to construct your own powerful ensemble of models: spread attention broadly, boost predictions, and seek conflict. A model formally represents some domain or process, often using variables and mathematical formula. (In

Construction 13

Construction Venture Capitalist Price Guidelines 13

Harvard Business Review

OCTOBER 27, 2014

I studied large-scale change and innovation efforts in 56 randomly selected companies in the high-tech, retail, pharmaceutical, banking, automotive, insurance, energy, non-profit, and health care industries. But they recognize that they — and the organization — need a process to help them reach their goals.

Middle Management 14

Middle Management Six Sigma Taylorism Taylor 14

Harvard Business Review

JUNE 12, 2018

Beacons are battery-powered wireless sensors installed in retail stores or event venues that detect nearby consumers who have opted in to alerts through Bluetooth or other technologies and that relay information to consumers’ mobile devices. Mobile technology allows firms to know where the consumer is located.

Short-term 8

Short-term Brand Long-term Media 8

Harvard Business Review

AUGUST 5, 2013

A pharmaceuticals company we''ve been studying decided to deploy more than 20,000 iPads and other mobile devices to the global sales force to improve its engagement with doctors in emerging and developed markets. The Real Power of Enterprise Social Media Platforms. IT management Information & technology'

Organization 8

Organization CIO Compliance CRM 8

Harvard Business Review

FEBRUARY 6, 2018

Consider its decision to pursue the market for pharmaceutical distribution, or the recent announcement that it will be teaming up with Berkshire Hathaway and JP Morgan Chase to create joint solutions for reducing the health care spending of more than 1 million employees and their families. So where is the link to health care? Data analytics.

Health Care 10

Health Care Retail Operations Insurance 10

Skip Prichard

JANUARY 14, 2021

Never in the history have so many technologies matured at the same time from social, mobile, cloud, artificial intelligence, sensors, quantum computing, and more. The combinatorial effects of these technologies have suddenly accelerated progress exponentially toward the hyperconnected world, we live in today.

Brand 96

Brand Insurance Participative Open-book 96

Harvard Business Review

SEPTEMBER 20, 2011

economy as a whole, rather than the narrow, specific slices of technology or communication, the first decade of the 21st century did not generate expected growth in jobs, revenues, profits, or stock prices. The business press puts a tremendous focus on technology and innovation, but what it doesn't do is put it into context.

Innovation 13

Innovation Supply Chain Offshoring Policies 13

Mills Scofield

NOVEMBER 11, 2014

This is taken from The Intercollegiate Finance Journal (IFJ) is an undergraduate student-run journal about how current finance, economics, business and technology issues affect students'' lives. Please consider supporting the IFJ to ensure that our youth''s voices are heard and heeded. ~~~~~~~~~~~~~~~~~~~~~~~~~~~.

Finance 131

Finance Incentives Education Pharmaceuticals 131

Harvard Business Review

SEPTEMBER 11, 2014

That means new technologies and new competitors are hitting the market at an unprecedented rate. and technological uncertainty (can we make a desirable solution?) Technological uncertainty results from unknowns regarding the technologies that might emerge or be combined to create a new solution.

Uncertainty 22

Uncertainty Industry Bottom-up Technology 22