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How Innovation Boosts Profitability

The Horizons Tracker

The impact of innovation to improve the profitability of companies is something that has always been assumed, but nonetheless, it’s nice to have some tangible evidence to show it’s the case. They found that the most innovative firms achieved 1.95% higher growth in profitability each year than their less innovative peers.

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The Vital Secondary Market For Innovation

The Horizons Tracker

Despite concerns that the pace of innovation has been slowing in recent decades, 2020 saw over 1,000 patents registered per day in the United States alone. Most of the research on innovation examines how something new gets produced, not how the idea itself moves about. The secondary market for innovation.

Marketing 114
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Innovation Thrives Despite Piracy

The Horizons Tracker

After all, when people could get your core offering for free, not only would that harm your income but it would discourage the industry from producing content and stifle innovation. Research from the University of Southern California explains why piracy wasn’t the death knell of innovation so many feared. Thriving creativity.

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Airbnb’s Pricing Algorithm Has Unintentionally Made The Racial Revenue Gap Worse

The Horizons Tracker

Airbnb has notably developed an AI-based smart-pricing tool that allows hosts to set the price of their property each day automatically. “Our results show that a smart-pricing algorithm can be effective in mitigating racial disparities, but that effectiveness is limited by the extent to which the tool is adopted.”

Price 117
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Breakthrough Innovations Tend To Have Science Behind Them

The Horizons Tracker

It’s well established that the majority of innovation today is what’s known as recombinative, which means that it takes what works well in one domain and applies it somewhere else. This can be highly effective, but it does lend towards more iterative than transformative innovations. Science-led innovation.

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What is the Price?

Kevin Eikenberry

Consulting Speaking Training Products KevinEikenberry.com About Blog Home Blogs I Like Leadership Learning Subscribe What is the Price? That’s certainly one form of PRICE but it’s actually so much more. What about The Price of Happiness? The Price of Life? The Price of Work? The Price of Faith?

Price 185
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Strategies to Integrate Artificial Intelligence Into Sales Processes

Strategy Driven

It helps companies decide which markets to enter, which products to develop, and how to allocate resources most effectively. Optimizing Pricing Strategies With AI Price optimization is another realm where AI can significantly impact businesses.

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