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Business Ecosystems: Building Stronger Connections

Tom Spencer

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. The continuing growth in importance of information technology has paved the way for the rise of business ecosystems, where connection and collaboration make products more valuable as more people use them (see network externalities ).

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How Predictive AI Will Change Shopping

Harvard Business

Amazon, Facebook, Google, and Apple are accelerating consumer expectations and what’s technologically possible, from same-day delivery to machine-powered image recognition. Responsive retail has peaked, and we’re about to enter the era of predictive commerce. Harnessing the power of machine learning and other technologies.

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Personalized Recommendation Engines Are Coming to Health Care

Harvard Business

In the past decade, consumers have shifted from worrying about sharing personal financial information when shopping on the internet to embracing online retailers’ recommendations for them. That is because the best online retailers offer customers a curated and highly personalized shopping experience. No strategy is static.

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How Future-Proof Are Your Leadership Skills?

Organizational Talent Consulting

According to a study by McKinsey & Company, it is projected that by 2030, the time spent during a workweek on information technology and programming tasks will increase the most. Leadership is a relationship, and technological innovations change the work, worker, and workplace. Are your leadership skills future-proof?

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Is your small business making enough profit?

Asamby Consulting

Check out how to calculate profit and profit margins here. And how do you compare to your industry? If revenue is smaller than your cost and expenses, you are making a loss. The profit that is available for you to take out of the company is also called net income.

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Paying Skilled Workers More Would Create More Skilled Workers

Harvard Business

As computers replaced traditional typewriters, the skills of typists who did not know how to work with a word processor grew obsolete. Nevertheless, few would argue that information technology permanently increased unemployment. When computers made their way into workplaces, in the 1980s, typists had a problem.

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Stop Doing Low-Value Work

Harvard Business

How to Boost Your Team’s Productivity. Ask for help reducing your low-value work from your company’s productivity unit or information technology gurus. And here’s how to do it: Vote it off the island. Use the time to figure out how to get rid of your low-value work. Overwhelmed is the new normal.