article thumbnail

Where Open Innovation Stumbles

Harvard Business Review

When I urge managers in a company to make open innovation part of their innovation strategy, they get it conceptually. A vice president of the group had been to a presentation on Open Innovation and was intrigued by the concept. FVA commissioned Aachen University to manage a selection process and trial study, and the selection committee found us at NineSigma most suitable to conduct a series of technology searches. Change management Execution Innovation

article thumbnail

Five Good Reasons to Champion Auto-Analytics in Your Organization

Harvard Business Review

Below are five pointers to frame and guide the conversation for technology geeks and practitioners to champion the use of auto-analytics in their businesses: Auto-analytics can be understood within the tradition of scientific management. Management science has its roots in experimentation and productivity improvement. Yet embedded in this tradition is the assumption that improving worker productivity is something done by an outsider observer (manager or consultant like Taylor).

article thumbnail

How an NBA Team Thinks About Data, Talent, and Pricing

Harvard Business Review

We talk about things like yield management, demand curves, and perishable inventory — factors that dictate our pricing strategies. That way, when the going is good, you can maximize your upside yield on assets like ticket sales and merchandise, and when the team isn’t performing quite as well, you have a hedge in place to protect your downside risk. Strategy execution Managing uncertainty Managing organizations Basketball is on the brain in March.