Sharing data with competitors might sound scary to executives, but only collaboration can solve some of industry’s biggest problems.
Noise—small, random deviations from regularities—is omnipresent. Instead of treating it as a nuisance that is to be eliminated, businesses can embrace noise as as a powerful ally.
Leaders must learn to vary the tempo in a dynamic context, manage rhythm and synchronization in an interconnected world, and embrace adaptive rules and structures when confronted with pressure across multiple timescales.
In an era of technological advancements, geopolitical tensions, and economic turmoil, standing still is akin to moving backward. As the durability of competitive advantage has dwindled, the average tenure of companies on the S&P 500 index has more than halved since the late 1970s.
Though the pandemic has come and gone, the same cannot be said of the gyrations it has caused in consumer spending patterns.
We are proud to share that an in-depth study of how companies are reskilling their employees in an era of automation and AI has won the 2023 HBR Prize.
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