article thumbnail

Stop Trying to Predict Which New Products Will Succeed

Harvard Business Review

When is it possible to predict a product’s success? How you answer this question may be the most important factor in how you design your product development process — and, ultimately, in whether your business succeeds or fails. Is market performance predictable for a specific product or class of products?

article thumbnail

Radical Recovery Tools

Strategy Driven

To learn more about SAS, its products and services, visit www.sas.com. Productivity increases. Turney gives the example of outsourcing product assembly work. Companies that can understand how individual processes are adding or destroying value can turn red balance sheets back into black. Productivity increases.

Tools 56
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big Data's Human Component

Harvard Business Review

Any fool, or mortgage banker, can use a spreadsheet and calculate a Black-Scholes equation. Integrate Data Into Products, or Get Left Behind. But if you don't understand what is happening behind the numbers, both in the math and the real world, you risk collapsing the World Financial System, or more likely your own business.

article thumbnail

What an Economist Brings to a Business Strategy

Harvard Business Review

High tech companies like Amazon, Yahoo and Google, among others, now employ economists to sift through all kinds of data — retail transaction data, browsing patterns, mobile phone usage — to fine tune their product offerings, pricing and other business strategies. Economists and market design. Economists and finance.