To get at the roots of profit-destroying complexity, companies need to identify their innovation fulcrum, the point at which the level of product innovation maximizes both revenues and profits. Complexity doesn’t appear on balance sheets or on quarterly reports, but its impact can be conspicuous. Below, we offer a simple set Read more…
Digitizing your business will give you the data you need to sense, shape and respond to demand changes in real time. This will also allow you to apply scientific principles and derive more accurate demand forecasts.Going digital doesnโt break down silos, but it does help to horizontally integrate your organization Read more…
A Spanish clothing retailer, Zara, can bring new products to market in three or four weeks by holding materials in undyed form and regularly feeding information about market demand back to its suppliers. This allows it to react quickly to changing demand patterns. When it figures out which items are Read more…