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Stop Trying to Predict Which New Products Will Succeed

Harvard Business Review

When is it possible to predict a product’s success? How you answer this question may be the most important factor in how you design your product development process — and, ultimately, in whether your business succeeds or fails. Is market performance predictable for a specific product or class of products?

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Why Can’t U.S. Health Care Costs Be Cut in Half?

Harvard Business Review

After all, it’s been done in other industries, sometimes in less time (think computers or consumer electronics). Enter Henry Ford, who revolutionized the industry with his manufacturing innovations , lowering the price of cars from $2,000 in 1908 to just $260 by 1925 — an 87% reduction! Health India Operations Productivity'

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Strategy’s No Good Unless You End Up Somewhere New

Harvard Business Review

Here is my list of the four most important: Not every industry is equally dynamic. Some industries are faster paced than others. The smart phone industry has gone through several disruptive changes in just a decade, whereas the steel industry’s technology shifts took place over a hundred-year period.

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A Brief History of the Ways Companies Compete

Harvard Business Review

This was the original purpose of forming corporations — to facilitate the production of products and services with the least amount of wasted time, materials, and labor. Many companies still compete this way and there continue to be successors to Taylorism, including business process reengineering and lean production.

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Innovating the Toyota, and YouTube, Way

Harvard Business Review

By sheer happenstance, I had just gotten a copy of Gemba Walks , a collection of essays by James Womack , a co-author of the automotive classic The Machine That Changed The World and a pioneering importer of Toyota-inspired lean production insights and methodologies to America. What does it mean for your company and industry?

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B-Schools Aren’t Bothering to Produce HR Experts

Harvard Business Review

In the 1980s, our organizations learned a great deal about how to improve productivity, quality, and costs from Japanese practices. And in the 1990s, our companies began to learn more from innovations at home, particularly in the area of high-performance work systems.

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Please, Can We All Just Stop "Innovating"?

Harvard Business Review

As they unleash new products and services, find exciting new ways to do the stuff they've always done, or identify new markets in which to do business, these companies simply do what makes sense and what comes naturally.