A Tool to Map Your Next Digital Initiative

Harvard Business

In fact, the relentless drive to embrace digital technologies has been ongoing for many decades. What also seems to have been forgotten are the lessons from these earlier attempts to leverage IT (remember that IT is a digital technology). We know that when IT projects fail, it is usually not because the technology didn’t work (although this can sometimes be the case), but because the changes required at an organizational and employee level weren’t managed effectively.

Tools 44

How can I start my own business?

Strategy Driven

It is great if you know what makes you work on your idea. A blueprint: Sketch all that comes to your mind and pen down every minute detail that you will work on. A blueprint means you concisely draw your business plan to work it out in a perfect way.

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The Rise of FinTech in Supply Chains

Harvard Business

A new type of services company could transform global supply chains: Financial technology companies that act as intermediaries in facilitating transactions between a company and its suppliers. They enable both the buyer and supplier to improve their working capital by making it possible for the former to extend its payables and at the same time accelerate payment to the latter. The technologies and processes that are transforming companies.

Some of the Most Successful Platforms Are Ones You’ve Never Heard Of

Harvard Business Review

These card networks were allowed to charge their members just enough to cover cost and provide working capital. In fact, some not-for-profit multisided platforms — hardly household names — have helped drive the major technological revolutions of the last several decades, including the internet and mobile. In fact, SSOs played a major role in the technological revolution, reverberating throughout the world, from smart mobile phones.

IPO 12

Telecom's Competitive Solution: Outsourcing?

Harvard Business Review

telecom carriers face daunting challenges from device makers, content providers, social networks, and an array of disruptive technologies. Due to huge capital requirements, these investments could exert considerable pressure on the working capital of the carrier company. telecoms are classified as a high technology industry: "Network is their business." Bharti, on the other hand, has little expertise in technology. Global business India Technology

What to Know Before You Sign a Payment-by-Results Contract

Harvard Business

The concept is fairly straightforward: The parties define the result up front, agree on a baseline, work out how confident the organization is in delivering the result, and then specify the expectation and payment in the contract. When PbR Doesn’t Work. Finally, some companies have struggled to finance their activities without payment while they work on delivering the results, limiting their ability to innovate too. Making PbR Work. Samuel Castro.

Why Multinationals Are Doubling Down on Russia

Harvard Business

While the middle class has been eroded by currency depreciation and recession, the Russian consumer remains technologically savvy, interested in quality Western brands, and able to spend. The old approach to Russia won’t work. This worked, because both crises were short-lived (lasting approximately 1-1.5 Another firm we work with, for instance, is focusing just on the high end and low end of their customer segments.

Your Whole Company Needs to Be Distinctive, Not Just Your Product

Harvard Business

But starting in the early 2000s, the advantages of scale were mostly eliminated, in large part because of globalization, deregulation, and the rise of digital technology. It became easier and easier for small enterprises to gain customer reach and awareness (along with working capital). But it didn’t quite work out that way. Ever since the idea of strategy came to the business world in the early 1960s, the goal of differentiation has been paramount.

IAM 44

Why Preventing Disruption in 2017 Is Harder Than It Was When Christensen Coined the Term

Harvard Business

Buoyed by low-margin structures and new technological architectures that could support lower costs, the competitors that entered your industry were able to take more and more market share — eventually convincing even your best customers to embrace their products and services. For those companies with the skill to pull it off, it worked. Construction equipment and disk-drive manufacturing required heavy machinery, distribution facilities, and immense amounts of working capital.

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

Based on extensive research and providing a wealth of exercises, tools, and company examples from many industries – including Amazon.com, Walmart, Pfizer, Inditex (Zara), Itaú Unibanco, and Procter & Gamble – The Essential Advantage helps you construct a strategically coherent company in which the pieces reinforce each other instead of working at cross-purposes. Capabilities-driven strategy works in all contexts.

Artisans Must Balance the Books

Harvard Business Review

As more people depended on him, he spent his working capital, and the business failed. When I founded the nonprofit African Institution of Technology , I initially focused on helping African entrepreneurs or artisans, especially those with only primary education, develop new skills and market opportunities. Ndubuisi Ekekwe is a founder of the non-profit African Institution of Technology.

Artisans Must Balance the Books

Harvard Business Review

As more people depended on him, he spent his working capital, and the business failed. When I founded the nonprofit African Institution of Technology , I initially focused on helping African entrepreneurs or artisans, especially those with only primary education, develop new skills and market opportunities. Ndubuisi Ekekwe is a founder of the non-profit African Institution of Technology. Ndubuisi Ekekwe is a founder of the non-profit African Institution of Technology.

Best Buy Can't Match Amazon's Prices, and Shouldn't Try

Harvard Business Review

Key to our advice is the implicit acknowledgement that all disruptive businesses find their strength in some technological or business model innovation that is fundamentally better positioned than their upmarket competitors in serving some segment of the population. That 5% margin might come not from scale, but from the absence of stores, retail employees, and reduced working capital requirements. Best Buy is a company on the brink. It's being attacked from every angle.

China’s New Development Bank Is a Wake-Up Call for Washington

Harvard Business Review

The AIIB has working capital of $50 billion with potential to go as high as $100 billion – so it is, as yet, smaller than the U.S.-led billion of subscribed capital) or the Asian Development Bank ($162.8 billion of subscribed capital). Helping to build the region’s infrastructure is also a powerful way of building political capital. technology and communications companies.

GDP 14

Entrepreneurship: A Working Definition

Harvard Business Review

For some, it refers to venture capital-backed startups and their kin; for others, to any small business. At a new venture's outset, its founders control only their own human, social, and financial capital. With most high-potential ventures, however, founders must mobilize more resources than they control personally: the venture eventually will require production facilities, distribution channels, working capital, and so forth. Entrepreneurship Venture capital

Is Your Supply Chain Ready for the Congestion Crisis?

Harvard Business Review

The technologies and trends shaping tomorrow’s businesses. For instance, a 25% reduction in the time needed to deliver a product or service can double the productivity of labor and of working capital. For the right products—those with high margins, a limited shelf life, or short product life cycles such as fashion and technology items—the added costs of air freight are more than offset by the positive impact on profits of fewer stockouts and overstocks.

How One CEO Grows Her Business with Feeling

Harvard Business Review

What do you think causes millions of people to miss work and school in developing economies? private-sector development division of the World Bank — studying how small and medium-sized businesses can play a role in developing economies — Scharpf, now a 34 year-old graduate of Harvard's graduate schools of business and government, happened to overhear a local colleague complaining that her employees often missed work because they were menstruating.

A Playbook for Making America More Entrepreneurial

Harvard Business Review

In an economy where traditional manufacturing jobs have gone offshore, and globalization and technology have put pressure on U.S. But the economic toolbox that works for big companies isn’t the same one that works for small ones. If policymakers hope to be successful in their efforts to promote entrepreneurs and small businesses, they need to know what works – in short, they need a “Playbook” for small business job creation. Access to capital.