article thumbnail

How to Transform a Traditional Giant into a Digital One

Harvard Business Review

Sensors, the cloud, mobile and broadband wireless, and other such technologies are increasing the flow of digitized information exponentially. Soon after, Trian did due diligence on the company and bought a $2.5 It is the algorithms that will create value for the business. This is not guesswork. Make the tough calls on people.

article thumbnail

What to Know About Doing Business in Iran

Harvard Business Review

more competition to reduce consumer prices, sharing international best practices, technology transfer, public-private partnerships) needed to boost the economy’s health. The best way to identify new partners involves in-person due diligence. Some powerful Iranian institutions are highly suspicious of Western influence.