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Five Key Steps to Improve Management of Innovation
There are many organizations that must focus on innovation to survive and prosper. Innovation is not just one thing: organizations therefore need to develop specific innovation strategies based on their current situation and where they want to be in the future. Not only does a conceptual and logical link exist between a somewhat abstract concept of "innovation strategy" and the more concrete innovation ...
Supply Chain Finance for the Management of Working Capital
Supply chain finance (SCF) is the set of solutions able to exploit the strong points of a supply chain in order to optimize working capital and cash flow. The use of this solution often leads to an increase of liquidity and profitability along the supply chain, and to positive spillover effects in terms of trust and commitment among the partners of the chain. The main goals pursued by companies are ...
How and Why to Defend our Coolness
“Cool” and “coolness” are by definition evasive and liquid concepts. They change as a function of time, geography, aesthetic canons, and transnational or global subcultures. All of these elements tend to give the perception of what is cool an apparently unpredictable dynamism, and thus for decades now have been the subject of specialist analysis aimed at explaining the fundamental components ...
The Supply and Demand of Uniqueness
The need for differentiation and distinction, that in its extreme version reaches what is known as the “need for uniqueness,”[1] has a well-known psychobiological origin, and in that sense can be considered a natural necessity of the human race. However, there is no question that the basic need to feel or appear different, to distinguish oneself, has emerged with increasing intensity in ...
From the platform economy to the ecosystem economy: how AI is rewriting global competition
Amazon, Alibaba, Apple and Google are the champions of the platform economy. But a new frontier is emerging: the ecosystem economy. Unlike a platform, which has a clearly defined center and a dominant player that controls the rules of the game, an ecosystem is a networked set of relationships in which multiple companies, organizations and communities collaborate. There is no longer a single infrastructure ...
Procurement and AI: Applications, Results, and Future Prospects
An investigation conducted by SDA Bocconi highlights the degree of implementation of AI technologies in the various phases of the purchasing process during the pandemic .
Project Management between the Past, Present, and Future
In the current historical phase, the two main approaches to project management, the predictive and Agile approaches, are considered more than complementary alternatives. Many projects would actually need to mix these different approaches harmonically, since the various products they consist of can require different life cycles that will then have to converge into a single result. The integration and ...
Another Weapon for Businesses: Imitation Market Strategies
Although innovative strategies are able to offer greater potential profits, they also bring a greater risk of failure. From the standpoint of balancing opportunity and risks, innovation and imitation should thus not be seen as alternatives, but as complementary. The digital paradigm has made innovation, but also imitation, easier. Among the second mover vantages not to be underestimated today, we ...
Creativity in Businesses, between Myths and Good Managerial Practices
In all organizations, favoring creativity in companies and properly managing it is essential to innovate and support growth and competitive advantage. Among the key skills at any organizational level – so much that the World Economic Forum entered it among the set of abilities most requested on the labor market – creativity is often the subject of false convictions: it is innate, it exists only ...
All the Ingredients of Supply Chain Resilience
The agri-food system is also permeated by the concept of resilience. If the components of the supply chain are resilient, the entire system will benefit. The characteristics of a resilient supply chain depend in part on strategic choices and in part on tactical decisions. Sustainability of the entire sector is the most important and tangible characteristic, as the transition to sustainable production ...