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Non-fungible tokens are useful, innovative—and frothy (The Economist)
"The craze extends from digital art to sports clips and cat cartoons “EQUIVALENT VIII” by Carl Andre was a minimalist sculpture bought by Britain’s Tate Gallery in 1972. The Tate described the work as “a rectangular arrangement of 120 firebricks...altering the...
Agile decision-making – deciding when you don’t have all the facts
Channel your inner Jeff Bezos and make decisions that permit your organization to be forceful yet flexible, says IMD Professor of Strategy Arnaud Chevallier. By combining scenario planning and Bayesian thinking – in essence, using probabilistic rather than...
Preparing for the world after COVID-19: leadership lessons from crises and discontinuous change
"The COVID-19 crisis is not only “one step further” in an established direction, but it stops and even reverses most patterns of economic and social development, including megatrends like urbanisation and globalisation. Lorenz Graf-Vlachy takes a look at how firms...
The Fourth Industrial Revolution and manufacturing’s great reset (by McKinsey)
"Manufacturers that are ahead in scaling advanced production technologies are successfully navigating four durable shifts that are critical to managing unprecedented disruption. Since its inception in 2018, the Global Lighthouse Network (GLN) of advanced manufacturers...
When nothing is normal: Managing in extreme uncertainty (By McKinsey)
"In normal times organizations face numerous uncertainties of varying consequence. Managers deal with challenges by relying on established structures and processes. These are designed to reduce uncertainty and support calculated bets to manage the residual risks. In a...
Three actions CEOs can take to get value from cloud computing (By McKinsey)
"If you are a CEO, you already know what the cloud can do for your business in a post-COVID-19 world. You’ve probably even told your organization to get you there already. So why is your move to the cloud1 coming along so slowly, even though you may have been talking...
Economists are turning to culture to explain wealth and poverty
As a result, the ideas of the earliest economists are being revised and improved The emergence of the discipline of economics in the 18th century was the result of people trying to explain something that had never happened before. At the time a handful of countries...
Doing vs being: Practical lessons on building an agile culture
Four global success stories offer insights and lessons learned on achieving organizational agility. Around the world, a growing number of organizations are embracing agility to improve delivery, increase speed, and enhance customer and employee experience. Indeed, in...
Leading virtual teams in times of disruption (by Professor Jennifer Jordan, IMD)
"More than ever before in our professional lives, we are forced to work remotely — which for many of us, also means leading in a virtual space. It is likely that, in the past, you had to do some of your teamwork virtually. But now, most, if not all, of that teamwork...
Building new businesses: How incumbents use their advantages to accelerate growth (by McKinsey)
For large companies, building new businesses is essential for growth and reinvention. The key to success? Combining the strengths of an incumbent with the agility of a start-up. With each passing day, established companies encounter valuable opportunities to grow and...
