By Francesca Gino The Ducati motorcycle racing team, Ducati Corse, decided to compete in a motorcycle racing circuit, the MotoGP, for the first time in 2003. The team had accumulated years of experience and success in other motorcycle racing circuits, but the MotoGP had different rules and required a different type of motorcycle. Consequently, team …
By Stefan Thomke There is a downside to businesses that focus heavily on standardization, optimization, and driving out variability: Such organizations leave themselves vulnerable to underinvesting in experimentation and variation, which are the lifeblood of
By Nikos Avlonas 2012 introduced several significant developments in sustainability, most notably around the issues of climate change, risk management, and supply chain ethics.
By Daniele Archibugi, Andrea Filippetti and Marion Frenz The recent economic crisis has severely reduced the short-term willingness of firms to invest in innovation. But this reduction has not occurred uniformly. A few firms are swimming against the stream by
By Stephen Shapiro In today’s fast-paced business environment, the ability to innovate is not enough. You need to innovate efficiently, quickly, and with less risk. Tradition innovation methods, such as asking employees or customers for ideas, have proven
By Morten Olsen “Combating climate change requires urgent and ambitious action,” proclaimed the RIO+20 summit held in June 2012. Yet, strong commitments failed to materialize in Rio or in preceding climate meetings in Mexico City or Copenhagen, despite an
By Adam Kingl Teams typically desire harmony above all. The most common fear is that of conflict. The assumption is that conflict and effectiveness are mutually exclusive, or even the cause-and-effect reasoning that harmony contributes to effectiveness. The
By Miklos Sarvary Big data versus quality information ‘Big Data’ is the new buzzword of today’s business world. Management consultants, corporate strategists and IT executives all ask the question: what to do differently in this new era of data
By Jim Pulcrano Reputation is owned by the people who gossip about you1.
By Ritu Agarwal and Peter Weill In an increasingly volatile world what were tried and true business maxims yesterday probably won’t work today. Just think Blockbuster and Borders. To understand how to thrive in volatile business environments we studied five