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Is Business Travel Key To Economic Growth?

The Horizons Tracker

This is hugely problematic for the travel industry, who make the vast proportion of their revenue from business travel, but new research from Harvard’s Growth Lab suggests it’s also hugely problematic for global economic growth. The researchers used transaction data from Mastercard to map the global flow of business travel.

Travel 86
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The Future Of Business Travel

The Horizons Tracker

The research shows that tacit knowledge is crucial to economic growth, and this is being undermined by virtual communication. They concluded that the mobilization of know-how has a huge impact on the economy of nations, with a reduction in business travel contributing to a fall in global GDP of nearly 5%.

Travel 135
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5 Steps To Develop A Learning Culture At Work

The Horizons Tracker

This is coupled with a need to deploy those learnings over longer timescales as problems take on a global and complex nature. Now, however, we’re in a third-generation of the learning organization, with new technologies speeding up the rate at which we can both absorb new information and test our assumptions. Creating a culture of learning.

Osborne 100
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Antibodies: Individual Stars Can Destroy Culture

N2Growth Blog

Genentech is a global biotechnology company that created an entire drug discovery industry. After all, the tacit knowledge in a scientist’s head, at some elite university, could be the missing link in a promising new, multi-billion-dollar compound that could help Genentech save millions of lives.

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How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

According to a recent McKinsey Global Institute report , the number of people in the global labor force will reach 3.5 The result is likely to be intensified global competition for talent. Prior to 2010, Rakuten had been a multilingual global company. Identifying with the global organization rather than your local office.

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Your Whole Company Needs to Be Distinctive, Not Just Your Product

Harvard Business Review

But we are also regularly reminded of the lack of true differentiation in most mainstream global companies — and of the opportunities they are thus squandering. But starting in the early 2000s, the advantages of scale were mostly eliminated, in large part because of globalization, deregulation, and the rise of digital technology.

IAM 11
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How Corporate HQ Can Get More from Innovation Outposts

Harvard Business Review

Setting up innovation outposts in global technology clusters, such as Silicon Valley, Boston, and Tel Aviv, is highly popular among Fortune 500 corporations. Even organizations that remain headquartered in other cities have set up innovation outposts there in the hope that high-tech silicon dust will rub off on them.