article thumbnail

6 Factors That Can Impact Your Commercial Business

Strategy Driven

It could involve investing in new product development, exploring new market segments, or adopting innovative marketing strategies. By being proactive and responsive to market trends and consumer behavior, businesses can better meet customer needs and seize new opportunities.

article thumbnail

Henry Ford, Innovation, and That "Faster Horse" Quote

Harvard Business Review

We've all been in conversations on the topics of creativity and innovation when Henry Ford's most famous adage is (excuse the pun) trotted out, usually accompanied by a knowing smirk and air of self-evidence. It was better cars, with better financing options. Battle lines are quickly drawn. Used car trade-ins. Closed car models.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why the X Games Won’t Dethrone the Olympics

Harvard Business Review

We don’t know enough of its finances to know precisely how successful it has been, but with tens of millions of viewers and sponsorship packages north of $2 million, it is a good bet that ESPN has done well on its bet. The reason why serves as a good reminder of how to assess the full impact of a potentially disruptive innovation.

article thumbnail

How Leading Companies Build the Workforces They Need to Stay Ahead

Harvard Business Review

The strategic underpinnings of most companies’ workforce plans should change dramatically as a result of technological innovation. Digital transformation, the industrial internet, advanced analytics, artificial intelligence, robotics, machine learning, and a plethora of other innovations are fundamentally changing the nature of work.

Company 12
article thumbnail

M&A Without Buying the Company

N2Growth Blog

or informal efforts produced via someone else’s R&D or innovation efforts, companies often start projects that they don’t finish. While this is not a market that everyone should dive into, there is substantial opportunity for exceptional returns for the right buyer. .

article thumbnail

Using Supply Chains to Grow Your Business

Harvard Business Review

One result is that they keep their cards close to their chests about what they are looking for (at first), while expecting you to reveal everything – your finances, pricing, ownership, human resources, production processes, quality assurance, customer service procedures, KPIs, and existing customers.

article thumbnail

The Internet of Things Will Change Your Company, Not Just Your Products

Harvard Business Review

Finance teams, which are not known for their flexibility to begin with, often have trouble changing their traditional planning, budgeting, and forecasting processes to accommodate radically new IoT business models. In IoT businesses, sales departments often struggle to determine how to best take a combined product and service to market.