Business model innovation (BMI), which introduces significantly new ways of doing or structuring business activities, can disrupt an industry and threaten incumbents whose success is built on the currently dominant business model. However, the assimilation of an innovative upstart’s novel business model is fraught with uncertainty for incumbents, who must ask themselves whether the new […]
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To what extent are we as humans ready to accept decisions made by computers? This was the question at the heart of a study from Michigan State University and Drexel University researchers that examined algorithmic decision-making (ADM) in the context of a job search. ADM, in which machines make predictions, recommendations, and decisions related to […]
Read More… from Algorithmic Decision Making Preferred Over Human Deciders
Where should companies source the knowledge and new ideas that will keep them at the forefront of innovation? The answer, according to an extensive study of 18,000 UK firms, depends in large part on the in-firm characteristics of the company—notably in terms of productivity and resources. Productivity is measured as the difference between a company’s […]
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How does competitive pressure impact innovation? To answer this question, two researchers, Kenneth Younge of the E?cole polytechnique fe?de?rale de Lausanne (EPFL) and Tony Tong of the University of Colorado Boulder Leeds School of Business, took advantage of a fortuitous series of court rulings in Delaware that eased the competitive pressure on firms incorporated in […]
Read More… from Less Competitive Pressure Leads to Less Innovation
Blockchain technology is a decentralized database tracking a transaction as it moves from its source to the destination (third parties add a data ‘block’ of information to the chain with each step of the journey). Blockchain technology, which is still evolving, is used in a wide variety of applications. A recent study by a team […]
A number of different incentives can potentially push leaders to make decisions that favour short-term returns over long-term value. To test whether such incentives actually have an impact on decision-making, a team of researchers used market reaction to new project announcements by CEOs. They compared differences in the market response to CEOs who had incentives […]
Read More… from Wrong Incentives Push CEO to Focus on the Short-term
The departure of a CEO inevitably leads to disruption and uncertainty — from a nervous workforce unsure of what the future will look like to the markets monitoring carefully the performance of a new leader in a new situation. Often, other top managers may decide that a leadership change is a good time to leave […]
Read More… from Succession Planning Reduces Turmoil and Economic Impact of Departing CEO
