article thumbnail

A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

Harvard Business Review

And we expect at least a portion of current AI piloters to fully integrate AI in the near term. With the AI field recently picking up its pace of innovation after the decades-long “AI winter,” technical expertise and capabilities are in short supply.

Survey 12
article thumbnail

Why Family Businesses Come Roaring out of Recessions

Harvard Business Review

We found that family businesses handily outperformed non-family companies during both the 2001 and 2008 recessions in terms of a key metric, Tobin’s q. Not only is it easier to differentiate brands when there is less competition, but also, products introduced during recessions will enjoy a first-mover advantage as the economy recovers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Best Practices for Leading via Innovation

Harvard Business Review

Similarly, Toyota (#11) encourages innovation by removing some of the pressure for short-term returns. Dow evaluates its leaders not only in terms of customer value, but also taking into account whether they are leading courageously, whether they are collaborating themselves and whether they are encouraging collaboration among others.

article thumbnail

Growing, or Not, in an Age of Permanent Volatility

Harvard Business Review

Innovation focused on first-mover advantage, not price point. The need to deploy more dynamic operating models, while maintaining short-term economic commitments, is clear. However, the ability to consistently execute with such dynamism is no simple task.

article thumbnail

Four Ideas for Creating Mobile Strategy

Harvard Business Review

Even more challenging, especially for the ROI-driven marketer, is deploying a mobile strategy that moves the needle for the business in the near-term, but also anticipates the future. It's daunting to keep current with such an in-flux marketplace, not to mention the myriad consumer behavior changes that it drives. At my company, Mondel?z

article thumbnail

What Investors Need to Know About Zimbabwe After Mugabe

Harvard Business Review

In this environment, multinationals that are willing to accept some risk and invest in the country could benefit from first-mover advantages – but only if the new administration follows through with much-needed economic reforms. billion a decade later. Now the country is at a crossroads. Years of economic mismanagement.

article thumbnail

When to Change a Winning Strategy

Harvard Business Review

Its story starts like many success stories do: An innovative concept coupled with a first-mover advantage, enabling a rapid physical expansion and generating increasing returns to scale. To succeed, therefore, managers have to learn when and how to abandon the strategies they have grown up with.