article thumbnail

But My Business Is Different… | N2Growth Blog

N2Growth Blog

Great businesses are in constant search of improvement, innovation, change, disruption, knowledge and other strategic leverage points that lead to a competitive advantage or operational enhancement. Don’t fall into the rut of allowing your business to be trapped in a perpetual state of static thinking.

Blog 289
article thumbnail

The Downside of Best Practices | N2Growth Blog

N2Growth Blog

Moreover if they decide to develop the application should this be done internally with existing staff, or outsourced, and if outsourced will it be done domestically or offshore and who will manage the process. Therefor by definition it is not unique or likely to generate any competitive advantage. But manufacturing?

Blog 300
Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Models for Using AI to Make Decisions

Harvard Business Review

The Autonomous Outsourcer. Business process outsourcing becomes business process algorithmization. The same sensibilities and economic opportunities that make outsourcing appealing become managerial principles for computational autonomy. Their loyalty and accountability belongs to top management.

article thumbnail

Can Lean Manufacturing Put an End to Sweatshops?

Harvard Business Review

Conventional wisdom holds that improving working conditions (which typically costs money) would undermine the competitive advantage these firms enjoy. However, our research suggests that outsourcing production is not inexorably tied to poor workplace conditions. Producers in less-developed countries compete by keeping costs low.

article thumbnail

M&A Without Buying the Company

N2Growth Blog

There is also a great opportunity for adding talent leverage via outsourcing, crowdsourcing, and other contract opportunities that provide cost savings and scale. Often times these acquisitions can provide you some form of exclusivity or other form of competitive advantage.

article thumbnail

Six Fundamentals Every Entrepreneur Needs to Succeed

Harvard Business Review

However, most companies require considerable planning and need both a competitive advantage and a solid business plan in order to succeed. Plan for a realistic amount of sales and interest so you can conservatively manage your finances. Will customers be able to identify and discuss your competitive advantage?

article thumbnail

3D Printing Will Revive Conglomerates

Harvard Business Review

Hailed in the 1960s as bastions of sophisticated management, they used cheap financing to acquire, then rationalize, many family-owned firms. With GE’s recent announcement to split off its remaining finance operations , and Honeywell also considering divestment, the pressure on these groups remains in force.