Is Your Organization Digitally Mature?

Leading Blog

In the same way, digital disruption is not about the technology as much as it is about how companies can make their way through the new competitive environment they find themselves in. Digital disruption is more about the people than it is the technology. People are the focus of The Technology Fallacy by Gerald Kane, Anh Phillips, Jonathan Copulsky, and Garth Andrus. “It’s Digital Maturity. The authors introduce the concept of digital maturity.

The Metaverse and the Future of Video Production Content

Strategy Driven

The next generation of networking technology may finally give us this dream with its ability to merge our digital lives seamlessly into one cohesive reality – but at what cost? The film industry is already embracing video production technology enhancements.

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Technology Is Changing What a Premium Automotive Brand Looks Like

Harvard Business

Many mature industries are experiencing significant technological disruption. Leaders in every industry are no doubt keeping a vigilant eye on such developments, yet one very important aspect of this disruption has been largely overlooked: technology fundamentally changes what makes your brand premium. Here’s how technology is changing the game in the automotive industry: Product: hardware vs. software. Data-Driven Marketing.

Digital Growth Depends More on Business Models than Technology

Harvard Business

Given that those companies were all venture-financed and emerged from Silicon Valley, you might assume that the key ingredients that have ensured their success were cutting-edge technologies, digital platforms, and customer bases that were chiefly made up of digital natives. Yes, those companies had great technologies, platforms, and demographics, but the secret of their success turns out to be much more prosaic. Yagi Studio/Getty Images. For startups, 2009 was a good year.

How New Technologies Could Transform Africa’s Health Care System

Harvard Business

Across industrial sectors, from healthcare to energy, from construction to retail, engineers are creating new technologies with potentially disruptive implications for the current architectural order of the global economy. One of the technologies, an “ AI doctor ”, shows great promise for the future of healthcare in Africa. In most African sectors like agriculture, energy, and healthcare, we have not experienced the deeper impactful benefits of technology.

Hospitals Are Dramatically Overpaying for Their Technology

Harvard Business

Given that this intervention could prevent more suffering than many wonder drugs, one would expect that there would be zero market for a breathing machine that didn’t make lung-preventive ventilation as easy as possible. One big reason why is that hospitals purchase technologies without requiring that they communicate with each other. Yet these technologies rarely share data, let alone leverage it to support better clinical care.

How Mature is Your Risk Management?

Harvard Business Review

For years, companies have been pouring money into people, processes, and technology that can help them manage risk. But what about the more strategic risk areas, such as those related to emerging market entry or acquisition growth strategies? What does maturity look like in practice? Mature risk management allowed this consumer products giant to improve its financial performance, strengthen stakeholder communication, and build greater trust in the market.

To Regain Consumers? Trust, Marketers Need Transparent Data Practices

Harvard Business

No one likes to feel as if they’re being watched, yet with technology continuing to mature, we have found ourselves entrenched in a marketing machine that has become far too intimate for anyone’s liking. Over the past decade, businesses have built marketing technology stacks to collect and organize data with the hope of more effectively targeting consumers. Data-Driven Marketing. Security & privacy Marketing Transparency Data Digital Article

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Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

As digital technologies permeate all aspects of their operations, companies around the world anticipate the need for massive change over the next five years, according to a new global survey by Harvard Business Review Analytic Services. Read More from DXC Technology: The Questions IT Should Be Asking to Empower Employees. But along with using new technology, organizations are rethinking the role of IT. DXC Technology helps companies bridge the gap in digital transformation.

Executive Hiring For a P.E. Portfolio Company – Tangential Opportunity

N2Growth Blog

The CFO candidate might get by with only a broad sector experience in manufacturing, finance, or technology. Sales and marketing positions appear to provide broader sector hunting grounds, but reality can be different, and there are still many constraints.

Advanced Analytics Are Crucial to Digital Transformation - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

Core technologies such as cloud, mobility, modern applications, and networks continue to evolve. Read more from DXC Technology: Digital Transformation Is Racing Ahead and No Industry Is Immune. Insurance carriers, which famously clung to decades-old legacy hardware and software, are wholeheartedly embracing analytics-driven systems to target profitable market segments, speed claims payments, reduce fraud, and increase the number and degree of fully automated processes.

How to Transform Your Company into a Digital Leader

Skip Prichard

agile development, DevOps) and modern technology practices (e.g., You identify five areas that require transformation: people practices, process, technology, ecosystem, and strategy. Digital Leadership. It’s not uncommon these days to see a company go from top performer to bankrupt.

Why We Aren’t Prepared for What’s Waiting Over the Horizon in 2022 and Beyond

Strategy Driven

We’re on the cusp of a transformative era where the deployment of real-time, event-driven technologies turns vast volumes of data into actionable information, leading to fundamental improvements in everything from commerce to personal security.

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. By the 1980s, Silicon Valley had surpassed Route 128 outside Boston to become the center of the technology universe. Jurgen Ziewe/Getty Images.

Innovate Forward

Leading Blog

Technology is the raw material that 21st-century innovators need to build new business capabilities, to develop exciting new products and services, and to create workarounds for the physical distancing measures we will likely endure for the foreseeable future.

The Power of an Enemy

In the CEO Afterlife

Admonished by my mother and father for unsportsmanlike behavior, I eventually matured and forged a stiff upper lip in defeat. For most of my career, I operated within intensely competitive arenas where fractions of market share points were worth millions of dollars. Your success or failure can be quantified by such measurements as market share, financial ratios, brand awareness, new products and deadlines. Today, RIM struggles to maintain 5% of the market.

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Managing Social Technology By Stages

Harvard Business Review

Companies adopting social technologies externally and internally can expect great value from energizing brand advocates and streamlining business practices. Instead, appoint "shepherds" to help lead social media across teams in marketing, customer support, HR, and IT. If you want to learn more, have a look at the newly updated paperback edition of Groundswell , which includes a new chapter on social maturity based on this research.

The U.S. Can’t Count on Technology to Revive the Job Market

Harvard Business Review

Technology to the rescue? One of the promising areas supported by technology is at the intersection of the internet and online technologies with the physical world: the “internet of things” (IoT). The technologies and trends shaping tomorrow’s businesses. In the latter, new technologies are clearly leading to increases in productivity. Job recovery after the 2007 recession is happening, but slowly, and wage growth is still anemic.

What Robert Greifeld Can Teach You About Getting Your Organization On Track

Leading Blog

As he relates in Market Mover , the story had five parts: 1. Overhaul Technology 5. To address the technology gap at Nasdaq, Greifeld went outside to buy winners—smart acquisitions. As NASDAQ grew and matured, Greifeld realized that he was not as essential as he had been.

Marketers, Let Your Egos Go

Harvard Business Review

For senior marketers, it is a very humbling thought. What if your ideas, your thoughts and even your experience as a trained marketing professional didn''t amount to a hill of beans in terms of the brand''s actual advertising performance? What if, in short, what your company really needs is not a marketer, but a data scientist ? It''s hard to argue that any computer or technology can create that kind of emotional connection or weave that kind of story.

How Technology Has Affected Wages for the Last 200 Years

Harvard Business Review

Today’s great paradox is that we feel the impact of technology everywhere – in our cars, our phones, the supermarket, the doctor’s office – but not in our paychecks. We work differently, communicate with each other differently, create differently, and entertain ourselves differently, all thanks to new technology. Over the last two hundred years, technological advancements have been responsible for a ten-fold increase in wages.

The Importance of Setting Investment Goals

Strategy Driven

The stock market is a big draw for novice investors looking for a big payday, and sometimes they do hit big. This single word perfectly sums up the stock, forex, and cryptocurrency markets perfectly, as anything and everything can happen. Remaining Calm During Market Shifts.

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How Blockchain Applications Will Move Beyond Finance

Harvard Business

To understand the transformation that’s being brought about by blockchain technology, it’s useful to start with its largest implementation to date: bitcoin. How technology is transforming transactions. As the cryptocurrency has matured, it’s often been criticized for its inability to match the performance of existing payment networks and meet the requirements of financial systems and governments.

The Four Technologies You Need to Be Working With

Harvard Business Review

They all take advantage of four technologies that once were scarce and expensive but are now plentiful and cheap. These technologies can be combined in numerous ways, and we are just starting to see companies really taking advantage of the possibilities. These four technologies will have a disruptive impact on your business, almost regardless of which industry you're in. It is becoming a technology plugged into almost every conceivable object. Technology

Why It???s Good to Be a ???Technology Company???

Harvard Business Review

Venture capitalist Chris Dixons declaration , after plunking $50 million down on Buzzfeed, that he was investing in a technology company has been causing a bit of head-scratching and gentle mockery in media circles. When Buzzfeed editors do it, its technology. Which you could, with some justification, call a technology. Heres Dixon explaining his thinking on his blog: Many of todays great media companies were built on top of emerging technologies.

Marketing Myopia, 50-Plus Years On

Harvard Business Review

This post is part of the HBR Insight Center Marketing That Works. It's hard to overestimate the influence Ted Levitt's "Marketing Myopia" has had on the world of marketing and beyond. Frequently repackaged (by us — here's one example — and others) and incessantly cited, "Marketing Myopia" offers a way to approach everything from libraries to thinking green. Marketing

Capturing the Innovation Mindset at Bally Technologies

Harvard Business Review

Bally Technologies , a leading provider of gaming systems for casinos, has earned more than 60 awards for innovation in just the last four years. How did Bally Technologies do it? But while the foundational elements are the same, Bally Technologies uses them in a distinct way. Bally Technologies has achieved great success, but only after making this framework its own. Bally Technologies has several mechanisms to sustain “and thinking.”

IT on Steroids: The Benefits (and Risks) of Accelerating Technology

Harvard Business Review

While not as old and not yet as mature as cloud systems, it warrants a closer look. After four years, systems had been tinkered with so much that new product launches became not only prohibitively expensive but also needed a very long time to market. IT management Information & technology Technology In 1998, RIM launched the BlackBerry. A year later, the second version got a full keyboard. Apparently, that was the feature users had been waiting for.


Should Marketing or R&D Have More Power?

Harvard Business Review

R&D and marketing typically come at product development from different angles, and R&D’s “things” approach is often at odds with marketing’s “people” focus. In companies where R&D is very powerful, marketers can sometimes be heard complaining about products that are hard to understand and use. Where marketing is more in charge, R&D’s complaints tend to be about a lack of imagination, of too many incremental innovations. Marketing

The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

Harvard Business

Like the internet, cryptocurrencies such as Bitcoin are driven by advances in core technologies along with a new, open architecture — the Bitcoin blockchain. Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. How technology is transforming transactions.

Rookie Talent: Avoiding a Kodak Moment

Leading Blog

During most of the 20th century Kodak held a dominant position in photographic film, and in 1976, had an 89% market share of photographic film sales in the United States. In 2011, Kodak made the list of Top 10 Fortune 500 Employers With Older Workers, called out for employing a disproportionately high percentage of mature workers. I can’t help but wonder: If Kodak had paid attention to its aging workforce trend, would the company have maintained market share and avoided bankruptcy?

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Too Many Marketing Teams Are Stuck in the Past

Harvard Business Review

Many marketing organizations are still operating like it’s the 1990s — or even earlier. Duplicative marketing teams exist within the same company across multiple product lines. Digital marketing teams are centralized yet isolated from the broader organization. Marketing groups are splintered into communications, consumer marketing, brand marketing, and digital marketing units with no common thread in strategy and execution.

ATD 2022: The Industry’s “Ultimate Show and Tell!”

The Center For Leadership Studies

Technology and Coaching. One response I received included the following and, upon further review and reflection, I was struck by how accurate I found these comments to be: “Technology is struggling to define itself.”.

Your Business Is Going to Depend on Connected Spenders, So You’d Better Understand Who They Are

Harvard Business

The middle class, long the bread and butter of consumer companies of all kinds, is shrinking as a percentage of the population in mature markets. And in emerging markets, where many consumer companies have been laying their bets for the future, growth has started to slow. In emerging markets, that number is even higher, at 90%. In markets such as the U.S., Mature markets already boast close to universal levels of internet access, but we estimate that 2.3

The Big Picture of Business – Visioning Scope: Applying Vision Toward Your Organization’s Progress

Strategy Driven

I ask clients to do so without using the words: ‘technology,’ ‘sales,’ and ‘solutions.’ Technology is a tool, which feeds into tactics. When the Visioning program matures and gets to its second generation, you’ll find that winning formulas stem from a hybrid of the original strategic options. Visioning is the process where good ideas become something more. It is a catalyst toward long-term evaluation, planning and implementation.

Kicking Leadership Clichés

Great Leadership By Dan

the environmental crisis, increased individualism and value pluralism, digitization, demographic change and technological convergence. The financial market already recognizes it: In an academic study of 30 public companies that announced co-CEO arrangements, the average stock return that could be attributed to the announcement was 2.58 Old dogs need to learn new tricks To be agile, leaders must accept new technologies they do not always understand and cannot control.

Calculating the ROI of Customer Engagement

Harvard Business

Measuring Marketing Insights. Looking at engagement through its most valuable behavior — asking and answering — can help make cultural maturity more visible. Social platforms Marketing Technology Digital ArticleJuan Díaz-Faes for HBR. We know that customer engagement matters. Yet much of our thinking about engagement remains simplistic. Most current definitions of engagement are bimodal – someone is either engaged or they’re not.

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When Companies Want to Innovate, But Investors Won’t Let Them

Harvard Business

Businesses understand the power of digital innovations to reshape industries and markets. Yet, time and again, they have struggled to innovate with new and disruptive technologies. Clayton Christensen and others argue that an incumbent’s failure has little to do with the newness or complexity of the technology. Our research implicates another important stakeholder, the firm’s investors, who may keep businesses tethered to existing technologies.

A Brief History of Blockchain

Harvard Business

Many of the technologies we now take for granted were quiet revolutions in their time. The market cap of bitcoin now hovers between $10–$20 billion dollars, and is used by millions of people for payments, including a large and growing remittances market. The ethereum smart contract platform now has a market cap of around a billion dollars , with hundreds of projects headed toward the market. How technology is transforming transactions.

Leaders Must Make Disciples

Joseph Lalonde

As ministers, we aren’t raising people up in title only, but rather as mature men and women of God who are equipped to do the same with others. Kevin is passionate about helping churches make disciples with technology. He has also founded and sold a church media company and served as the Director of Marketing at TrainedUp. When I read through the New Testament, I see countless examples of leaders who, at their core, were passionate about making disciples.

Should Dual-Class Shares Be Banned?

Harvard Business

Some of the largest companies of recent times by market capitalization, such as Facebook, Alphabet, and Alibaba, carry dual class-shares. MSCI’s recent analysis shows that unequal voting stocks outperformed the market over the period from November 2007 to August 2017. Almost 50% of recent technology listings have a dual-class status. We explored reasons for the growing use of the dual-class structure in an HBS case study among technology companies.

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What Blockchain Can’t Do

Harvard Business

Blockchain technology has the potential to do amazing things. It can help businesses and individuals agree, on a global scale, about the true state of affairs within a market without relying on a costly intermediary. Therefore, storing records that contain a baby’s current location in a way that makes these data points immutable and verifiable seems like a great use of blockchain technology. Technology Digital ArticleJorg Greuel/Getty Images.

The Competitive Landscape for Machine Intelligence

Harvard Business

In past years, we heard mostly from startup founders and academics — people who pay attention to early, far-reaching trends in technology. As with the internet in the 1990s, executives are realizing that this new technology could change everything, but nobody knows exactly how or when. And unlike with the internet, where latecomers often bested those who were first to market, the companies that get started immediately with machine intelligence could enjoy a lasting advantage.