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The Surprising Power of Business Experiments

Skip Prichard

And, as anyone who closely follows simulation and prototyping tools knows, their use has become pervasive in manufacturing businesses, even though companies still grapple with the integration and management issues I wrote about in 2003. The employee was forbidden to work on the project. It was immediately launched.

Power 94
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2013 Trends and The Power of Women

Women on Business

president of Simon Associates Management Consultants. I was recently asked to think about how 2013 trends will impact women in the work force and how women will impact the trends. Could I see the future as a projection of the strides I’ve been able to make, similar to what other women in business have done?

Trends 265
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Stress Test Your Company’s Competitive Edge with These 4 Questions

Harvard Business Review

An example of competition for preference is the retail industry, which has long been a battleground for customer preferences. Interestingly, customers have varied preferences for retailers depending on the product category. Therefore, the retail market is actually several markets.

Stress 11
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How GE Applies Lean Startup Practices

Harvard Business Review

In January 2013, Chip Blankenship, CEO of GE Appliances issued a challenge to the newly formed team: “You’re going to change every part the customer sees. At their training center in Louisville, they bounced ideas and product prototypes off of retail salespeople who came to learn about GE’s products. You won’t have a lot of money.

Ries 11
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How to Quantify Sustainability’s Impact on Your Bottom Line

Harvard Business Review

Specifically, our analysis found that the net benefits to ranchers ranged from $18 million to $34 million (12% to 23% of revenues) in net present value projected over 10 years. For slaughterhouses and retailers (Brazilian operations), we also projected positive benefits: $20 million to $120 million (0.01% to 0.1% of revenues).

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How Data Visualization Answered One of Retail’s Most Vexing Questions

Harvard Business Review

In e-commerce, advances in tracking and analytics have made it possible for retailers to understand what individual customers are doing before they make a purchase, and to gather and analyze hundreds and thousands of data points to identify trends. Take Alex and Ani, which designs and retails jewelry, and Belk, a department store chain.

Retail 12
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Give Your Team the Freedom to Do the Work They Think Matters Most

Harvard Business Review

Since at least the time of Frederick Taylor, the father of “scientific management,” control has been central to corporate organization: Control of costs, of prices, of investment and—not least—of people. When a new project comes in, the manager does not devise a plan to complete it. billion worldwide.

Team 14