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Frugal Innovation: Lessons from Carlos Ghosn, CEO, Renault-Nissan

Harvard Business Review

And under Ghosn's leadership , Renault-Nissan has proactively embraced frugal engineering and become one of the world's leading producers of both electric cars as well as low-cost vehicles — two of the fastest growing and most promising market segments in the global automotive sector. Ghosn recounts with humor how Dr. V. lakhs ($6,600).

CEO 15
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Use Jugaad to Innovate Faster, Cheaper, Better

Harvard Business Review

The experience gave us some insights into a unique approach to innovation called jugaad , which entrepreneurs and enterprises are practicing in complex emerging markets like India. Jugaad innovators innovate better: Jugaad innovators recognize that consumers in emerging markets are low earners, but high yearners.

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Trial and Error Is No Way to Make Strategy

Harvard Business Review

For decades now, both consultants and academics have been arguing that the world has become so fast paced, so hypercompetitive, so complex, so ambiguous, and so uncertain, that the death knell has sounded for strategy’s central concept of sustainable competitive advantage. It fails to reveal what’s next.

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What the Best Transformational Leaders Do

Harvard Business Review

In a study of S&P 500 and Global 500 firms, our team found that those leading the most successful transformations, creating new offerings and business models to push into new growth markets, share common characteristics and strategies. The same was true of Adobe’s Shantanu Narayen. Theodor Weimer , Country Chairman at UniCredit.

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How to Gain Credibility When You Have Little Experience

Harvard Business Review

There’s a meme on the internet, which speaks truth about a dilemma for young people entering the hypercompetitive workforce of 2017. One of the best ways to stand out in a corporate setting, even as someone with less work experience, is to develop unique knowledge that makes you a go-to resource for your colleagues and clients.

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How Successful Virtual Teams Collaborate

Harvard Business Review

Collaborative activity is the "secret sauce" that enables teams to come up with innovative new products or creative, buzz-worthy marketing campaigns. Many managers have been fearful of using social media beyond marketing purposes. Many skills are difficult to train and develop. — can play a huge role in doing so.

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Breaking the Death Grip of Legacy Technologies

Harvard Business Review

Organizations develop processes through repeated problem solving. Managers constantly try to fit new market needs to existing processes and routines. Still another is moving the older equipment to less-demanding applications or to plants in emerging markets. World War II left the German and Japanese steel industries in ruins.