The Feeling Economy As artificial intelligence becomes more advanced, traditional analytical and thinking tasks will be automated - leading to the rise of a "feeling economy" where empathetic interpersonal skills are more valuable.
What is Swarm Intelligence? Effective decision-making is more important than ever. But traditional methods often fall short. Is there a technology that could replace polls and surveys?
Artificial Intelligence in Marketing Artificial intelligence (AI) has proven to be useful optimizing marketing strategy. However, though many firms want to take advantage of AI to improve marketing, they lack a process to follow.
Gen Z in the Workplace Gen Z (1997-2013) are just now entering the labor market. It's essential for managers to understand the unique characteristics and needs of young talent.
Affirmative Action's Long-Lasting Effects Affirmative action effectively reduces the employment gap for black workers. New research also demonstrates that many firms have continued to make diverse hires well after federal AA contracts have ended.
Fretting about Modest Risks is a Mistake Managers often engage in risk-averse behavior, and economists, decision analysts, and managers treat risk aversion as a preference. In many cases, acting in a risk-averse manner is a mistake.
Responding to Disruptive Innovation Facing imminent disruption, many large, established firms have embraced innovation as a way to develop new growth businesses. Firms need to master three distinct disciplines: ideation, incubation, and scaling.
Governing Multilateral Alliances The governance of multilateral alliances is an increasingly important strategic option as But not all multilateral alliances present the same governance challenges: one important factor is co-specialization.
Vizio: Network Efficiency Vizio leveraged an efficiency-based business model to become the dominant flat panel TV vendor in the United States.
E-Retail: The Last Mile Problem Many customers now expect a consistent, convenient shopping experience across different channels and devices. But providing that experience can become a logistical challenge.
Artificial Intelligence and Healthcare The future of health care may change dramatically as entrepreneurs offer solutions that change how we prevent, diagnose, and cure health conditions, using artificial intelligence (AI).
Responding to Digital Piracy Digital piracy challenges firms by reducing revenues and shifting consumption habits. Recently, some firms like Spotify and Netflix have worked to find a new viable business model.
Real-Time Management: Thinking "Fast and Flow" Disruptive technologies and changing business practices are moving many industries toward “real-time” enterprise. Perceptions surrounding the concept of time will dictate the best approach to implementing real-time throughout the firm.
Dynamic Capabilities in an Uncertain World Today's world creates new demands on companies that are often hard to anticipate. Dynamic capabilities can integrate, build, and reconfigure internal competences to address radical shifts and changing environments.
Human-Centered Design Sproutel makes interactive toys for children diagnosed with a chronic illness. The organization's product strategy is motivated by a core focus on its users.
Corporate Political Responsibility (CPR) Of the Fortune 500 companies, 80% now issue sustainability reports, and interest in Corporate Social Responsibility (CSR) has been growing. But CSR is not enough. Today's companies must learn to operate transparently in the political arena.
What is the Circular Economy? The circular economy is a new paradigm of industrial organization that could eliminate 100 million tons of waste globally in the next five years alone.
Open Innovation and Disruptive Technology Computer networks have ushered in a new era of collaborative innovation. Decentralization allows breakthrough ideas to surface from all over the world. And the open innovation model can help companies build the future.
Neuromarketing: Inside the Mind of the Consumer Neuromarketing is a brain-based approach to help marketers directly measure customers’ underlying thoughts, feelings, and intentions. Neurologists have taken the latest understanding of basic human cognition and applied it to marketing.
Decision-Making in Organizations New research has shown that the world’s best managers can overcome biases and reliably make effective decisions by following an approach called diligence-based strategy, a systematic focus on the firm's most essential operational abilities.
Overcoming Cognitive Biases in Business Cognitive biases affect our decision-making every day. This video examines four major categories of bias, and how those errors of thinking have shaped the corporate response to the issue of climate change.
The 3D Printing Revolution Additive manufacturing has been called "the third industrial revolution." The widespread adoption of 3D printing will dramatically change the business landscape over the coming decades by disrupting existing models of manufacturing and distribution that rely on economies of scale. With 3D printed goods, decentralization and localization of production will simplify supply chains and lead to broad organizational and economic changes.
Smart Cities Today, mass urban migration has challenged to meet the demands of a growing population. However, cities have also drawn innovation and technological development, transforming them into economic hubs. The introduction of smart cities has allowed urban areas to both address the negatives, and bolster positive economic benefits, thus creating collaborative communities.
Dynamic Capabilities: An Introduction The Innovation Economy is defined by revolution. Just when you think you've got it all figured out... Everything will change in an instant. The best organizations are agile. When faced with deep uncertainty, they arm themselves with information. They seize new opportunities. And they transform entire industries. What was once optional is now essential. Evaluate every tool. Uncover every advantage.
The Four Types of Crowdfunding In the past, shipping a product or launching a company was only an option for those who had the money. But the internet has enabled creative new means of gathering capital. Today, crowdfunding platforms allow millions of people around the world to pursue their own ideas with the help of networks of supporters. This animated introduction to the special issue on crowdfunding describes the four primary types of crowdfunding: equity-based, debt-based, rewards-based, and donation-based.
Family-Driven Innovation This animated introduction to the special section on family firms defines a new concept called "Family-Driven Innovation" (FDI). FDI is an integrated perspective on the processes underlying innovation within family businesses. The FDI framework highlights the need to find an alignment between a family firm's strategic innovation decisions and its own defining characteristics, in order to achieve and sustain competitive advantage through innovation.
Understanding Hybrid Organizations This animated introduction to the special issue on hybrid organizations defines hybrids, places them in their historical context, and introduces the strategies hybrids undertake to scale and grow, the impacts for which they strive, and their reception by mainstream firms. It aggregates insights from the articles in this special issue in order to examine what hybrid organizations mean for firms and practicing managers asthey continue to grow in number and assume a variety of missions in developing and developed countries.
Global Clusters of Innovation: Lessons from Silicon Valley Can innovation and entrepreneurship stimulate economic growth in diverse communities, or is it only effective in a few unique places like Silicon Valley? This article identifies the salient components, behaviors, and linkages that characterize Silicon Valley and explores how these characteristics apply in a diverse selection of economic communities in Europe, Asia, and Latin America. It focuses on the role institutions—such as governments, universities, major corporations, and NGOs—play in shaping such communities. It provides insights for government policy makers on how to enhance their region’s innovation potential, and offers strategies for entrepreneurs and venture investors as to how to leverage the benefits of clusters of innovation, wherever one is located.
Green Innovation Games: Value Creation Strategies for Corporate Sustainability Since the 1990s, growing awareness of environmental issues has inspired an increased interest in corporate responsibility and sustainability. While it was once possible for firms to pursue regulatory compliance alone, today's businesses have to go farther -- beyond the superficial "greenwashing" efforts of their predecessors. Leaders in sustainability understand that environmental issues (and their solutions) hold immense potential for innovation. But how can that potential be harnessed?
The New Perspective on Organizational Wrongdoing Wrongdoing in and by organizations offends public sensibilities, is costly to organizations, and is injurious to the individuals who perpetrate it and are victimized by it. While it is popular to perceive such behavior as rare and aberrant, a new perspective has emerged that views wrongdoing as a normal phenomenon; behavior that is prevalent, not much different than right doing, and is often perpetrated by people who are for the most part upstanding (otherwise ethical, socially responsible, and law abiding). This new way of approaching wrongdoing has important implications for managers.