article thumbnail

Nuclear Power is Clean, Safe, and Reliable… But Can It Be Competitive?

Strategy Driven

The result is an initial set of organizational, process, and technology changes that preserve operational safety and reliability while at the same time dramatically reduce costs.”. StrategyDriven experience reveals many of these cost reductions to be implementable within 180 days and to possess similar payback periods.

article thumbnail

Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

We have identified how hospitals’ budgeting systems have erected three distinct barriers to the adoption of technology. These barriers, however, can be overcome by changing how hospitals acquire new technology and by providing incentives to units to use digital innovations to provide more effective and efficient care.

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 We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select.

Report 8
article thumbnail

How to Better Manage Your Company’s Utility Bills

Harvard Business Review

In our experience, well-designed retrofits can deliver 20%-50% energy savings with fast payback periods. is on a commercial rate with their utility, and that rate includes a demand charge—essentially a premium for companies that use a lot of power over a short period of time (rather than using a constant rate).

article thumbnail

How to Get People to Collaborate When You Don’t Control Their Salary

Harvard Business Review

Both these efforts help the payback period arrive sooner, making collaboration a smarter investment for the next wave of people. Pair a technology whiz with any employee who needs support with the tools; a personal relationship makes the uptake much likelier than expecting someone to learn on their own or to rely on the IT hotline.

article thumbnail

How GE Stays Young

Harvard Business Review

Chief Marketing Officer Beth Comstock told me they looked to see how they could take this battery technology to new markets. Organic growth depends on discovering breakthrough ideas, leveraging technology, and getting closer to customers. Product development: g etting closer to customers and moving faster.

article thumbnail

Accelerating Customer Adoption at the Bottom of the Pyramid

Harvard Business Review

It starts with a trickle : To illustrate this challenge from my own experience, let's look at the example of drip irrigation , a technology that has been around for more than 50 years. This technology has been shown to save water and labor, and to increase yield in a variety of crops. In the trenches : Why is behavior entrenched?