Remove 2013 Remove Efficiency Remove Finance Remove Technology

How Big Data Brings Marketing and Finance Together

Harvard Business Review

When Raja Rajamannar became CMO of MasterCard Worldwide in 2013, he moved quickly to transform how the credit card giant measures marketing. Rajamannar involved finance early. Once mostly marketing, it’s now equal parts marketing, finance and analytics.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. The potential of new technology to fill the gaps in small business lending is high.

Will the Internet Destroy the Stock Market?

Harvard Business Review

We see this in nature (ant colonies, for example, only grow to a certain point before retreating), in the brain (neurons multiply exponentially in a child''s brain but shrink down to a fraction of their maximum level by adulthood), and in technological networks ( remember MySpace? ). Over the long term, markets are efficient and generally increase in value. Computer networks are working faster and more efficiently than the markets can bear. Finance Internet Technology

A Board Director's Perspective on What IT Has to Get Right

Harvard Business Review

I''m often struck by how many articles exclusively focus on new or emerging technology and their productivity or efficiency effects. DIG is responsible for emerging technology, collaboration methods and technology (e.g., Improving Operational Efficiency.

CIO 16

What Markets Do and Don’t Get About Innovation

Harvard Business Review

Efficiency-sustaining – incremental innovations that make products cheaper and businesses more efficient; these are important all the time, but particularly when product performance becomes “good enough” for most customers; the realm of LBOs and the iPhone 5C. Efficient-sustaining innovation is essentially cost-cutting, and should be the easiest of all four categories to predict. Disruptive innovation Finance

How to Compete When IT Is Abundant

Harvard Business Review

Carr predicted that an organization''s ability to compete through investing in information technology was about to change dramatically. The IT boom of the 1980s and early ''90s had brought information technology to the corporate masses, unleashing the first full-scale technology revolution in the enterprise. The original IT department was formed to centralize a unique expertise that could purchase, implement, and manage technology in the enterprise.

Global NGOs Spend More on Accounting Than Multinationals

Harvard Business Review

Who, for instance, would have guessed that global NGOs spend nearly 80% more to track their finances and employ nearly twice as many finance staff as comparable for-profit multinationals? Benchmark data isn''t sexy stuff, but occasionally the numbers reveal surprising findings.

NGO 16

Jack Ma on Taking Back China’s Blue Skies

Harvard Business Review

Clearly, this helps producers and consumers, but taken as a whole, society is more efficient and everyone is better off. Therefore, we will continue to build the knowledge and technology to solve our many problems, because the price of failure is simply unbearable.

In Big Companies, Lean Is Only One Piece of the Puzzle

Harvard Business Review

Instead, "Lean" is a mindset that can be applied in any situation — even those that are extremely capital intensive — to test as efficiently as possible, and iterate accordingly. What about a novel technology partnership?

Ries 17

Innovating the Toyota, and YouTube, Way

Harvard Business Review

In terms of people, processes and technologies, Toyota and Google's YouTube have little in common. These investments are more about the development of human capital than finance.

Scaling Up Without Losing Your Edge

Harvard Business Review

Schumacher, one of the fathers of the Green movement, declared that "small is beautiful" and called for "a new orientation of science and technology towards the organic, the gentle, the non-violent, the elegant and beautiful." Ruthlessly efficient?

Business Needs to Do What Government Can't

Harvard Business Review

As Ashoka CEO Bill Drayton told us, the ongoing shift in our economies means we must abandon institutions where a few people tell "everyone else how to repeat together efficiently, be it a law firm or an assembly line, a world characterized by a limited and vertical nervous system."

The Danger of Turning Cynical About Silicon Valley

Harvard Business Review

By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance. Though economic growth remains a highly uncertain area of study, virtually all economists agree that technological innovation plays a central role. Tech startups play a critical role both in driving technological innovation forward and in bringing it to market.

CRM 12

Make Agility Part of Your Process

Harvard Business Review

Rational managers for the past thirty years have tightly focused on efficiency, cost cutting, and day-to-day execution — perhaps to a fault. With increasing industry disruption, efficiency is fast becoming of secondary importance to innovation and agility. IBM has 15 enterprise processes that cut across business units and geographies in such areas as sales, marketing, software development, procurement, HR, finance, client-facing IT services, and internal IT support.

Rethinking the Function of Business Functions

Harvard Business Review

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. If a company wants to be better than anyone else, at something relevant to its customers, its specialists must be more efficient, technically proficient, and creative than ever before. Nonetheless, many CEOs and top executives struggle with their functional organizations, and some question whether the established functional model is still relevant.

How Companies Are Already Using AI

Harvard Business Review

For example, our survey, which asked managers of 13 functions, from sales and marketing to procurement and finance, to indicate whether their departments were using AI in 63 core areas, found AI was used most frequently in detecting and fending off computer security intrusions in the IT department. By the time he left Amazon in 2013, his group had grown from 35 to more than 1,000 people who used machine learning to make Amazon more operationally efficient and effective.

A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

Harvard Business Review

And AI success stories are becoming more numerous and diverse, from Amazon reaping operational efficiencies using its AI-powered Kiva warehouse robots, to GE keeping its industrial equipment running by leveraging AI for predictive maintenance. While it’s clear that CEOs need to consider AI’s business implications, the technology’s nascence in business settings makes it less clear how to profitably employ it. Technology Data Digital Article

Rethinking the Bank Branch in a Digital World

Harvard Business Review

More US bank branches closed in 2013 than ever before. Rather than going the way of Tower Records, leading banks are reinventing themselves with innovative mashups of digital technologies and physical facilities, a combination we call “digical.”. Branches in the US accounted for roughly three-quarters of primary new account openings in 2013. A Bain study of 20 broad industrial categories found that all have been affected by digital technologies to a greater or lesser extent.

Digital Transformation Doesn’t Have to Leave Employees Behind

Harvard Business Review

At a more macro level, the possibilities opened up by connected, more efficient production and new business models are also highly promising. In 2013 Carl Benedikt Frey and Michael A. Innovation Leadership Technology Article

Why Those Guys Won the Economics Nobels

Harvard Business Review

The Swedes had given the award to one guy, Eugene Fama , who is best known for originating something called the efficient market hypothesis, another guy, Robert Shiller , who once called the efficient market hypothesis “one of the most remarkable errors in the history of economic thought,” and a third guy, Lars Peter Hansen , whose work is so dense that even academic economists couldn’t satisfactorily explain it or its connection to Fama and Shiller.

CAPM 12

Entrepreneurs Take On Manufacturing

Harvard Business Review

Likewise, Nebia — a start-up water-efficient showerhead maker in San Francisco — recently scored investment money from Apple CEO Tim Cook and Google Chairman Eric Schmidt’s family foundation.

6 Reasons Platforms Fail

Harvard Business Review

Platform businesses bring together producers and users in efficient exchanges of value – Uber, for example, connects drivers and passengers just as YouTube connects videographers and viewers. Strategy Technology Social platforms Digital Article

How the Carl Icahns of the World Benefit Firms but Not Workers

Harvard Business Review

There are two stories you can tell about finance in America. The number of companies targeted by activist hedge funds has increased dramatically since then, to more than 200 in 2013.

Hedge 16

Running a State Health Insurance Marketplace

Harvard Business Review

Since 2013, an estimated 16.4 By January 1, 2015, all state-based marketplaces were expected to replace federal funding with state-level financing. Technological challenges. Technological problems have, in many cases, strained the customer experience.

Africa’s Unique Opportunity to Promote Inclusive Growth

Harvard Business Review

” Adesina competed for the AfDB presidency against several accomplished bankers and finance ministers. Adesina’s success in applying market mechanisms to create widespread opportunity lead Forbes to name him African of the Year in 2013.

50 Companies That Get Twitter – and 50 That Don’t

Harvard Business Review

A witty comment or botched response on Twitter can travel to Facebook and even news websites in minutes (think of the Oreo tweet during the Superbowl blackout of 2013 ). After all, management exists to transform corporations into more efficient machines.

Health Care Becomes Entrepreneurial (Finally)

Harvard Business Review

But ongoing changes in policy, technology, and industry culture are now creating unprecedented opportunities for those with just the right kind of crazy. Government-led measures to reform health care such as the HITECH Act, which infused billions of dollars into improving the sector’s use of information technology, and the Affordable Care Act (ACA), create a business case for performance improvement that never existed before. billion in 2013, up 39% from 2012.

Scaling Up is a Problem of Both More and Less

Harvard Business Review

After a brief opening with perhaps some news about the company, a self-deprecating story about himself, or a bit of indiscreet but juicy gossip, Kelley, a skilled facilitator, spent the rest of the meeting calling on people to describe new projects, introducing newcomers, recognizing birthdays, and asking if anyone had seen a good movie or discovered a new technology. Booth and Banks each invested $20,000 to start a company that could ship heavy home-improvement products more efficiently.

How Israeli Startups Can Scale

Harvard Business Review

As a result, tech-sector employment has declined as a percent of the workforce, from 11% in 2006–2008 to 9% in 2013. In the 1990s it subsidized venture capital, incubators, university R&D, and technology transfer programs. billion in 2013. To answer these questions, we built a database of 112 Israeli companies founded between 1996 and 2013 that have met or exceeded $20 million in revenue. Israel has been branded the “startup nation.”

What Apple Should Do with Its Massive Piles of Money

Harvard Business Review

I know that finance professors at business schools throughout the nation teach MBAs and executives that, for the sake of economic efficiency, a company should “maximize shareholder value.” In your testimony to Congress on May 21, 2013, when you explained Apple’s tax practices, you said: “You can tell the story of Apple’s success in just one word: innovation.”

EPS 12

60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

Yet in this short period, digital technologies have upended our world. Digital technology is widespread and spreading fast. Digital technologies are poised to change the future of work. Automation, big data, and artificial intelligence enabled by the application of digital technologies could affect 50% of the world economy. In 2013 85% of the world’s transactions were in cash. Neasden Control Centre for HBR.

IPO 8