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Digital Procurement Made in Italy
In the area of procurement, the new technologies currently considered to have the greatest medium-term impact on processes are those of "data analysis and visualization," whose descriptive and predictive capacities have various degrees of complexity.#Among the 618 digital procurement projects investigated in the study Digital Procurement. The State of the Art in Italy , conducted by the SDA Bocconi ...
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 ...
An Influencer for Every Marketing Campaign
The phenomenon of virtual influencers, which has been spreading in the United States for some time, is generating growing interest in Italy as well. Virtual influencers guarantee greater protection for brand image, reducing the risk of scandals or committing mistakes in communication. They can easily control the entire process of spreading the desired message, planning content, and the methods and ...
Elements of Management for Penal Institutions
Today, it is becoming increasingly necessary to foster a contamination between the world of management and that of prison administration. Prison must not abandon the goal of rehabilitation for which it is established, and at the same time, it cannot lose sight of its nature as an organization. As such, it is required to cover the needs of its various stakeholders. The complex purpose of a penal institution, ...
False Positives: The Anomalies of Online Reviews
With respect to traditional operators (hotels), in the sharing economy the generation of empathy towards the supplier of the service reduces the possibility for negative reviews by users, even in the event of an unsatisfying experience. The high social distance in the context of the sharing economy explains the generation of empathy. In that sense, even traditional operators should act to create warmer ...
The Prospects for the Italian Water Pricing System
With approximately 40 euros per inhabitant per year in 2018, compared to a European average of 100 euros, Italy is at the bottom of the European rankings for investment in the water sector. The causes are to be found in the organizational deficits on the part of the operators, overly complex regulations, and the limited utilization of credit.#The current tariff method launched an intervention seeking ...
Advanced Analytics: What Key Advantages for Which Companies
The rapid and incessant evolution of markets induces businesses to adopt increasingly advanced technologies to adequately respond to the needs of consumers and thus to remain competitive. Through the elaboration of accurate and increasingly reliable predictions, advanced analytics provides a conspicuous contribution to company decision-making processes, ensuring that managers have the possibility ...
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 ...
New and Old Market Logics in the Hyperconnected Era
In the current hyperconnected world, the primary sources of value are data and communication, elements that businesses must know how to transform into information and relationships of trust, i.e. into sustainable economic value.#Through the construction of an ecosystem of complementary and interconnected solutions, businesses can generate "network externalities" and "switching costs" able to consolidate ...
Scaling Up Is the True Obstacle for Start-ups
One of the most important tasks for an entrepreneur is to bring a company from the start-up phase to the subsequent scale-up phase. The key factor is reaching what is called the "product-market fit," i.e. the validation of the business model. The scale-up of a company requires at least three elements: a growing number of leaders able to predict the competition and trends in the market and to delegate ...