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Old Management Systems Stifle New Business Models

Harvard Business Review

They must update decades-old management systems so they can embrace new digital opportunities. Instead, they’re taught to focus on their income statement and optimize their operations around preserving profitability. ” Every modern business operates in a highly networked economic environment. Insight Center.

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If America Is a Land of Abundance, Why Are We So Divided?

Harvard Business Review

More and more companies embrace consumers as "co-creation" partners in their innovation efforts, instead of as buyers at the end of a value chain. For example, IBM's co-created product lines account for approximately 20% of its revenue and many of its innovations. In business jargon, it's a move from competitiveness to co-opetition.