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Sometimes Cutting R&D Spending Can Yield More Innovation

Harvard Business Review

The chart may appear to show merely that Cisco’s patent filings lagged its R&D spending by three years, but in fact the decline in spending and the rise in patents were part and parcel of a deliberate strategic shift by the company in 2001. So what was going on? Where will this period of discovery take the company?

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What to Do When Each Department Uses Different Words to Describe the Same Thing

Harvard Business Review

The problem arises because different systems employ different definitions of key terms. Thus, the term “customer” can mean a potential buyer to the marketing department, the person who signed the purchase order to sales, and the legal entity that it bills to accounting. standards) to facilitate company-wide communication.

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What to Do When Your Future Strategy Clashes with Your Present

Harvard Business Review

From time to time, the basis of competition in an industry shifts so dramatically that shifting with it requires a new long-term vision that calls for the organization to do things it never would have done in the past. The innovation portfolio. Connecting Three Different Business Portfolios.

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How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. But we now see insurers exploiting geographically refined data to more precisely estimate land parcel risk. Where Would You Rather Live?

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How Corporate Investors Can Improve Their Odds

Harvard Business Review

VCs, they’re told, take more of a long-term approach, have a greater degree of risk tolerance, and parcel out their funds in stages to mitigate risk. By contrast, for corporate innovators each idea needs to carry its own weight. Innovation Project management' All of this is right, as far as it goes.

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6 Ways to Keep Good Ideas from Dying at Your Company

Harvard Business Review

And yet when companies suddenly decide to “get more innovative,” starting hackathons, idea competitions, and accelerator programs, they typically forget to address all those things that kill perfectly good ideas after they hatch. Here are six ways to change that. Start with a survey.

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14 Principles that Made Amazon

Skip Prichard

He is a leading authority on insurance, risk management, technology, and innovation. Principle 7 — Generate High-Velocity Decisions) in the section titled Invention Machine he explains the difference between Type 1 and Type 2 decisions and why understanding the difference is crucial to business growth through invention and innovation.

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