For many companies, innovation is a sprawling collection of initiatives, energetic but uncoordinated, and managed with vacillating strategies. For steady, above-average returns, firms need a balanced innovation portfolio and the ability to approach it as an integrated whole. Outperforming firms typically allocate about 70% of their innovation resources to core offerings, 20% to adjacent efforts,…
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Building A Team To Put Your Data To Work
Companies struggle to make use of the large amounts of data they have. Companies usually start big projects to attempt to take care of every data user’s needs, or they have separate groups of people working on different data pipelines that can’t be reused. Firms need to find ways to use data that will help…
Organizational Behavior and The Optimal Workplace for Business Success
What is Organizational Behavior? Definition of Organizational Behavior The study of organizational behavior looks at how people act and behave in organizational settings. It explains the interpersonal relationships that develop between people in a workplace. It looks at how an organization behaves and how this influences groups operating within it. The working relationships between your…
The Right Way to Manage Unprofitable Customers
How do you know if a customer is profitable? How do you assess the value of a customer? This is a critical part of building your business. It is important to note that value is not limited to how these consumers are contributing to your cash flow. You should also consider factors like customer loyalty…