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When to Pass on a Great Business Opportunity

Harvard Business Review

Imagine you are the CEO of one of Britain’s oldest and possibly least innovative insurance companies, The Prudential. Or you are a supervisory board member of Mannesmann, a solid German engineering company, and your executive team suggests that the company bid for a mobile telephone license. When Innovation Is Strategy.

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Let Go of What Made Your Company Great

Harvard Business Review

For instance, in the early 1990s, the Mahindra Group faced a forgetting problem of nearly gargantuan dimensions: the end of the so-called “License Raj” system. Under License Raj, the Indian government licensed and tightly regulated domestic businesses while excluding foreign competitors.

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Open Source Software Hits a Strategic Tipping Point

Harvard Business Review

"Open source" refers to the fact that users of the software are given free access to its source code and, depending on the terms of their license, can also modify and redistribute that code. At Gartner, we consider any software to be open source that is released under licenses and terms defined by the open-source initiative.

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Reinvent Your Company by Reassessing Its Strengths

Harvard Business Review

For over 50 years, Wal-Mart has pursued essentially the same strategy of “offering the lowest price so its customer can live better.” Wells Fargo has become the most valuable bank in the world by sticking to its strategy of building a value proposition around selling more products per customer than anyone else. How Boards Can Innovate.

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Many Companies Still Don’t Know How to Compete in the Digital Age

Harvard Business Review

Since its bankruptcy in 2012, Kodak has been a poster child for innovation incompetence: After inventing the world’s first digital camera in 1975, the conventional story goes, myopic managers allowed a bloated company to let inertia drive it off a cliff. A misunderstood story.