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The Biggest Obstacles to Innovation in Large Companies

Harvard Business Review

It turns out that the word “innovation” is not a Harry Potter-esque magical incantation that, once spoken, renders companies more inventive, creative, and entrepreneurial. It can be emblazoned on the door to a new innovation center in Silicon Valley. Yes, even Toys R Us had a head of innovation.).

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Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

Harvard Business Review

Corporate directors and executives alike recognize that today’s pace of change continues to accelerate and that firms need to innovate to stay ahead. But are boards doing enough to support innovation, as they should? We found that, overall, innovation does not rank as a top strategic challenge for the majority of boards.

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How Consumer Brands Can Connect with Customers in a Changing Retail Landscape

Harvard Business Review

Meanwhile, Subaru extends well-matched offerings at the right time in the consumer life cycle, from prepurchase targeting to end-of-lease management and loyalty incentives to repurchase. Retailer relationships can impose varying levels of constraint in D2C selling — less for apparel, perhaps, and more for CPG.

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Don’t Let Your Company Get Trapped by Success

Harvard Business Review

For every Apple, there is an Atari, for every Fuji a Polaroid, and for every Zara an American Apparel. ” Only few firms manage to be ambidextrous—most struggle to maintain a healthy balance between exploration and exploitation. Some firms manage to maintain this dual discipline as they grow. points p.a.,

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You Can’t Understand China’s Slowdown Without Understanding Supply Chains

Harvard Business Review

My evidence is a series of separate surveys conducted by different organizations, including the MIT Forum for Supply Chain Innovation. Another indication that near-shoring is accelerating is the Purchasing Managers’ Index (PMI). In contrast, it will be easier for footwear and apparel companies to move to lower-cost locations.

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A Refresher on Discovery-Driven Planning

Harvard Business Review

I talked with Rita McGrath, a professor at Columbia Business School, who together with Ian MacMillan, of the University of Pennsylvania’s business school, developed this classic methodology for planning innovation. In short, too many firms used conventional planning to manage their new ventures. What Is Discovery Driven-Planning?

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Sears Has Come Back from the Brink Before

Harvard Business Review

In a pattern that would become familiar to today’s innovation thinkers, Worthy reports, “the then managements of Sears and Wards alike failed to grasp the significance of these new developments.”. But then “Sears found the answer first,” Worthy reports, in 1924. We felt defeated and powerless.”.

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