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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

This force is called creative destruction, which is the process where innovation and technology advancements are reshaping industries and business models. To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8

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How RFID Technology Improves Hospital Care

Harvard Business Review

They saw it as an opportunity to completely transform the operation to improve care and the patient experience and to lower costs. To that end, they decided to have a team study how care is delivered, identify the barriers to smooth operations, and fix the barriers. It was fully integrated into emergency room operations at St.

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How Companies Are Already Using AI

Harvard Business Review

IT was using AI to resolve employees’ tech support problems, automate the work of putting new systems or enhancements into production, and make sure employees used technology from approved vendors. For example, only 2% are using artificial intelligence to monitor internal legal compliance, and only 3% to detect procurement fraud (e.g.,

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What Do You Do When Employees Start Using a Free Cloud Service?

Harvard Business Review

Some 90% of companies’ cloud activity is attributable to individual employees and small teams, rather than corporations’ business-technology groups. It had been necessary for me to install a new operating system after they had picked up viruses while accessing sites that gave them clues on how to progress in their online games.

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A Blueprint for Measuring Health Care Outcomes

Harvard Business Review

Although this can present leadership challenges related to shifting strategy, culture and operations, it certainly isn’t rocket science. The board approved, and Erasmus’s next CEO – Ernst Kuipers – drove this forward from 2013. Map Patient Pathways and Clinic Operations. Insight Center.

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What to Know About Doing Business in Iran

Harvard Business Review

However, oil prices have dropped more than 60% since the interim nuclear deal in November 2013. And alongside the country’s bad debt (some estimates say it is $40 billion ), sanctions were commonly evaded through money laundering , which discouraged foreign banks from operating locally.

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Why Financial Statements Don’t Work for Digital Companies

Harvard Business Review

Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. companies – which further suggests that the balance sheets has become an artifact of regulatory compliance, with little or no utility to investors. For the next four years, it continued to report losses.