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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?

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

Harvard Business Review

First, individuals focus on short time horizons and thus underprepare for future threats. But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. Third, people are over-optimistic and thus underestimate their own risk exposure.

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How to Design Work Projects for Maximum Learning

Harvard Business Review

” Many organizations construct short-term projects by simply carving off the first few months of a multi-year implementation plan, and then the next few, and so on. The severances team aimed to increase the number of land parcels processed per day by 50% in one field office in 100 days. Both teams exceeded their targets.

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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. The investment portfolio.

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How to Revive a Tired Network

Harvard Business Review

Make you more innovative. The questions represent a short version of the survey I use with my students. And in a connected world, build­ing stronger external networks to tap into the best sources of insight into environmental trends is also part and parcel of the leadership role. It can keep you informed. The list goes on.

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