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If Innovation Is Happening, Where Is The Creative Destruction?

The Horizons Tracker

One would assume that if the engines of innovation are working as the hype suggests, Schumpeter’s famous creative destruction would be happening at a rate seldom seen before. “Corporate concentration (e.g., shares of the top 1% or top 0.1% The authors highlight that this was something Marx famously warned about in Das Kapital.

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3D Printing Will Revive Conglomerates

Harvard Business Review

As I described in an article in the May issue of HBR , a single 3D printer can produce engine pumps one day and crankshafts the next. GE’s first additive manufacturing facility , a plant in Alabama, is set to make nozzles for jet engines. With 3D printing, however, industrial conglomerates are about to get a new lease on life.

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Will Personalized Medicine Mean Higher Costs for Consumers?

Harvard Business Review

Consequently, if we want new medical innovations to be financially viable for the patients who need it most, health insurance markets need to be regulated to eliminate the perverse financial incentives that limit patients’ coverage. Insurance markets are failing to deliver. First, a little background. Problems may get worse.

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The End of Traditional Ad Agencies

Harvard Business Review

Harley helped V&S launch Fan Machine by enlisting its fans to develop a new campaign. The app is one part ideation engine, one part social media platform, and one part ad agency. They''ll also need these networks in order to compete on cost: The open innovation model can shave time and expense off the old ad development cycle.

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Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

A company sets up a joint venture with a partner that has complementary assets and capabilities, in order to limit up-front investments, speed up market entry, and reduce risk. Taiwan, and South Korea, respectively — agreed to fund a novel technology development program at ASML, a leading equipment manufacturer based in the Netherlands.

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The U.S. Media’s Problems Are Much Bigger than Fake News and Filter Bubbles

Harvard Business Review

Political campaigns are marketing campaigns, messages aimed at selling a product. Two developments bear noting. Yet by 2004 its market share was down to 3%. Consider the Scandinavian media firm Schibsted, which engineered an impressive digital transformation through a philosophy of connectedness.

Media 11