Remove Innovation Remove Market Risk Remove Technology
article thumbnail

Carey Pellock on HR Leadership for A Better World

HR Digest

The pandemic gave us the opportunity to really test our agility and innovation, and I am proud to say we exceeded expectations, ” she says. “ With some 2,000 employees in 16 offices around the world, we must be very good at communicating and collaborating with one another so that we can continue innovating.

article thumbnail

How Companies Say They’re Using Big Data

Harvard Business Review

After the initial “quick wins” are wrung from cost-reductions, executives are turning their attention to new ways to innovate using data. See More Videos > See More Videos > At this point in the evolution of big data, the challenges for most companies are not related to technology. </span> Save.

Company 16
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Harvard Business Review

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.

article thumbnail

When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter. And you can use this knowledge to avoid much of the market risk in building a new product. Disruptive innovation Entrepreneurship'

article thumbnail

Entrepreneurship: A Working Definition

Harvard Business Review

The opportunity may entail: 1) pioneering a truly innovative product; 2) devising a new business model; 3) creating a better or cheaper version of an existing product; or 4) targeting an existing product to new sets of customers. For example, a new venture might employ a new business model for an innovative product.

article thumbnail

Business Can't Solve the World's Problems — But Capitalism Can

Harvard Business Review

By inextricably linking the two, we confine the practice of real, turbo-charged capitalism to business, and we dangerously limit the capacity of non-business organizations to innovate, fund, and bring to scale the kind of breakthrough ideas that will begin to solve the huge social problems we face today. Where would all the money come from?

article thumbnail

Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

But most businesses fail because our assumptions about customer demand are wrong — because of market risk. Test market risk first. These tests substitute human labor for technology, and the human component means we can gather more information from potential customers about their problems and our potential solutions.