The pandemic has clearly proven that the rational decision-making model, business schools’ ideal and its theoretical definition of how decisions should be made, is not valid under conditions of VUCA.
Entrepreneurship / Innovation
A person is much more likely to deliver superb results if their motivation comes from within than they would if they picked a career based on external markers, such as money or status
Rapid technological development in AI has led to speculation of a catastrophic demise of the auditing profession. The primary weakness in this use of AI for auditing is that machines initially learn from flawed systems: humans.
Entrepreneurs are valuable assets to society. The competitive climate in which they operate is inherently challenging, and they must continually seek new and unique methods to help them successfully compete.
A frequent question from potential investors is, “How much of your own money have you invested?” A question that kills many an entrepreneur who does not understand how to answer it.
The potential for anti-competitive behavior and collusion not only exists within ecosystems, but also across ecosystems and Keystone leaders, and has the potential to not only negatively impact consumers, but also many other stakeholders of these organizations.
Each type of innovation requires different, often opposing, structures, cultures, and processes. Thus, to become ambidextrous, companies must create a balanced mix of all three, each a leg in a three-legged stool.
The National Highway Traffic Safety Administration has defined five distinct levels for self-driving AVs, which range from controlling specific tasks such as parking and braking (level 1) to where the vehicle is fully autonomous with no steering wheel or other human controls (level 5).
Corporate Entrepreneurship applies the principles of entrepreneurship to established firms focusing on development, utilization of innovation, strategic renewal.
The managers’ capacity for true creativity and deep critical-thinking risks being diminished by our 24/7 connectedness in an information-intensive world.
The IBM Watson team identified the healthcare industry, which represents approximately 1/7th of the U.S. economy, as a market opportunity with tremendous potential.
Hollywood’s adoption of the new has been slow and rarely strategic. Nevertheless, entertainment has not only survived disruptive technologies, but also benefited.
The process used to gather information in making decisions can be as important as the decisions. Do you rely more on sophisticated analytics or intuition?
The civilian or commercial drone market in the United States is just beginning to emerge, which puts U.S. businesses behind businesses in other countries.