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How Companies Can Better Work With Startups

The Horizons Tracker

At a recent event from consultancy firm Arthur D Little, an entrepreneur explained how he had participated in several corporate accelerators and incubators, with all but one doing little but waste their time, money and effort, none of which any startup has a limitless supply of. Ensure there is an independent cost center.

Company 72
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How Corporates Can Best Engage With Startups

The Horizons Tracker

“Therefore, they should complement their efforts with more than just consulting firms. Ensure there is an independent cost center. In other words, will the intermediary have the team to cultivate effective relationships with the entrepreneurs? “Every day, corporates are less unique,” the researchers say.

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A Jobs Manifesto for Young Europe (and the Rest of the World)

Harvard Business Review

Government in its entirety is a cost-center to society, so we desperately need to create not just jobs, but private sector jobs. Many people who were laid off will say that it was the best thing that happened to them as it gave them the kick they needed to set up their own kitchen table business, or become a consultant of this or that.

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How to Compete When IT Is Abundant

Harvard Business Review

Rather than serving as an adjunct to the core business, or merely a cost center, IT is becoming intrinsic to the very products and services that every company offers. Why is this? Mainly because, as Marc Andreessen puts it, " software is eating the world." IT abundance will affect every job, product, and customer interaction.

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How Cybersecurity Teams Can Convince the C-Suite of Their Value

Harvard Business Review

Before joining Facebook as a security engineer in 2015, I worked in industries from consulting to manufacturing to retail. I observed that leaders often treat security as a liability cost — until the company experiences a security breach, after which increased support is a given. Driving Financial Goals.

Team 8
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A Case for Why Health Systems Should Partner with Pharmacies

Harvard Business Review

We use the power of our data at CVS to improve medication adherence, both in direct consultation with patients and by connecting with health care providers. As providers increasingly participate in value-based purchasing arrangements, what used to be profit centers have become cost centers.

System 8
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Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

On the other hand, they are set up as cost centers and service bureaus, mandated to meet the needs of all their constituents as rapidly as possible under the ceiling of their budget.