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Let Go of What Made Your Company Great

Harvard Business Review

Some have responded by developing a concept known as “ ambidexterity ,” an organizational capability of fulfilling both managerial imperatives at once. Managers exploiting current businesses develop mindsets based on what they have experienced in the past. Andrew Nguyen/HBR STAFF. ” Create win-win incentives.

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Open Source Software Hits a Strategic Tipping Point

Harvard Business Review

"Open source" refers to the fact that users of the software are given free access to its source code and, depending on the terms of their license, can also modify and redistribute that code. At Gartner, we consider any software to be open source that is released under licenses and terms defined by the open-source initiative.

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Reinvent Your Company by Reassessing Its Strengths

Harvard Business Review

For over 50 years, Wal-Mart has pursued essentially the same strategy of “offering the lowest price so its customer can live better.” Wells Fargo has become the most valuable bank in the world by sticking to its strategy of building a value proposition around selling more products per customer than anyone else. How Boards Can Innovate.

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Many Companies Still Don’t Know How to Compete in the Digital Age

Harvard Business Review

Since its bankruptcy in 2012, Kodak has been a poster child for innovation incompetence: After inventing the world’s first digital camera in 1975, the conventional story goes, myopic managers allowed a bloated company to let inertia drive it off a cliff. A misunderstood story.