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Ten tech-enabled business trends to watch - McKinsey Quarterly - Business Technology - Strategy

Ten tech-enabled business trends to watch - McKinsey Quarterly - Business Technology - Strategy
Two-and-a-half years ago, we described eight technology-enabled business trends that were profoundly reshaping strategy across a wide swath of industries. We showed how the combined effects of emerging Internet technologies, increased computing power, and fast, pervasive digital communications were spawning new ways to manage talent and assets as well as new thinking about organizational structures. Since then, the technology landscape has continued to evolve rapidly. Facebook, in just over two short years, has quintupled in size to a network that touches more than 500 million users. More than 4 billion people around the world now use cell phones, and for 450 million of those people the Web is a fully mobile experience. The rapidly shifting technology environment raises serious questions for executives about how to help their companies capitalize on the transformation under way. Across the board, the stakes are high. 1. Facebook has marshaled its community for product development. 2.

Five Ways to Ruin Your Content Strategy and Guarantee Its Failure Content marketing. It’s what’s for dinner—or if not, it should be—for organizations, large and small. But successful content marketing requires more than just faithfully writing a blog post or posting a YouTube video weekly. For content marketing to be effective, most organizations need to create different types of content consistently and constantly. To ensure all that content works in concert, not just now but in the future, your content marketing efforts need to be implemented according to a comprehensive content strategy. (A content strategy is the product of decisions about what messages you want to deliver, what they’re supposed to do, and how and when they will be deployed.)

Richard Branson on Decision-Making For Entrepreneurs Editor's Note: Entrepreneur Richard Branson regularly shares his business experience and advice with readers. What follows is the latest edited round of insightful responses. Ask him a question and your query might be the inspiration for a future column. Q: What were your most important managerial decisions -- the ones that changed your business? -- Volodymyr Kravchuk, Kiev, Ukraine

Endowment effect In behavioral economics, the endowment effect (also known as divestiture aversion) is the hypothesis that people ascribe more value to things merely because they own them.[1] This is illustrated by the observation that people will tend to pay more to retain something they own than to obtain something owned by someone else—even when there is no cause for attachment, or even if the item was only obtained minutes ago. Examples[edit] One of the most famous examples of the endowment effect in the literature is from a study by Kahneman, Knetsch & Thaler (1990)[2] where participants were given a mug and then offered the chance to sell it or trade it for an equally priced alternative good (pens).

The Right to Be Forgotten February 13, 2012 64 Stan. L. Rev. Online 88 At the end of January, the European Commissioner for Justice, Fundamental Rights, and Citizenship, Viviane Reding, announced the European Commission’s proposal to create a sweeping new privacy right—the “right to be forgotten.”

Andy Grove: How America Can Create Jobs Recently an acquaintance at the next table in a Palo Alto (Calif.) restaurant introduced me to his companions, three young venture capitalists from China. They explained, with visible excitement, that they were touring promising companies in Silicon Valley. I've lived in the Valley a long time, and usually when I see how the region has become such a draw for global investments, I feel a little proud. Not this time. Ethical Style: How to Buy a More Ethical Knockoff - Lifestyle Every Thursday, your Ethical Style questions, answered. Modern fashion is a sprint. By the time a designer sends a new style down the runway, it’s only a matter of weeks before the trend hits fashion blogs, migrates to high-end boutiques, and is dumped en masse on your nearest knockoff mega-retailer. But the rush to snap up the latest thing doesn't leave much time to consider what we’re actually buying.

IBM CEO Study: Openness by Social Media Is Key Enabler to Organizational Success According to the IBM CEO study conducted amongst 1,700 CEOs from 64 countries and 18 sectors, Open CEOs' identify openness enabled and supported by social media and technologies, as a major influence on their organization and its success. These organizations perform better because they are utilizing the collective intelligence, are more agile, able to act quickly to gain higher profitability and growth. The research shows that currently only 16 percent of CEOs are using social networks to be more directly involved and connected with their employees, customers and partners.

There is no spoon It’s a pretty safe assumption that if you’re reading this blog, you’ve seen “The Matrix.” And you may or may not remember the scene where a kid explains to Neo that the trick to bending a spoon with your mind is simply to remember that, “There is no spoon.” So it is with marketing. One thing I learned very early in life, thanks to intentional overuse of psychedelic drugs, is that there is no reality. As a guy at the commune once put it: “The reality is, there is no reality.” So some guy says his iPhone 4 is having reception issues. Why Investors Should Sell Their Losers Now By Jack Hough There are 23 trading days left in 2011 -- plenty of time to sell losing stocks for tax purposes. But investors shouldn't wait, for two reasons. Balancing Intuition with Analysis Interview – Roger Martin of “The Design of Business” I had the opportunity to interview Roger Martin, the author of “The Design of Business” about the challenges companies face when they fail to balance analytical thinking with intuitive thinking. We also discuss a variety of other innovation topics including: barriers to innovation, education, and risk taking. Roger Martin has served as Dean of the Rotman School of Management since 1998.

The Pitfalls of Prediction Prognostication is a multi-billion dollar industry. We have weathermen, Wall Street Analysts, political pundits and futurologists. They all claim some expertise. These people exist because there is strong demand for their services. The Mac Versus PC Debate Has Never Been Clearer “Our goal is not to build the most computers. It’s to build the best.” That was Apple COO Tim Cook two days ago during Apple’s quarterly earnings call. Sure, it may sound like spin from an executive who doesn’t have a better answer as to why Apple isn’t competing in the low-end of the market, and thus, gaining market share.

How the COPPA, as Implemented, Is Misinterpreted by the Public: A Research Perspective Authored by danah boyd, Urs Gasser, John Palfrey Download PDF Mr.