Growth & Innovation, Strategic Planning, Strategy Development
At this still early stage, economic modeling and econometric evidence suggest that robots can have a positive and significant impact on productivity and growth. Concerns about labor market impacts should be centered on a skill bias, whereby robots negatively affect lower-skilled workers. Public investment in preparing the workforce for advancing automation will optimize domestic welfare and global competitiveness.
Synergies may justify valuations, but they pose serious challenges to realize. More than three-quarters of companies say they can’t reach return thresholds on M&A transactions without including synergies, but only a minuscule number find realizing these synergies straightforward.
Corporate development executives are stuck between a rock and hard place—the current M&A market is overvalued, but boards and shareholders look to them to complete deals to meet growth targets. And the importance of getting deals right has never been higher.
Without product management, a company runs the risk of not growing in big, bold ways. Far too often, manufacturers’ innovation efforts yield little more than minor changes to existing products, rather than new forms of customer value.
Growth & Innovation, Research & Development, Research, Innovation, Leadership, Human Resources, Recruiting & Hiring, Operations, Continuous Improvement, Productivity
Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country's noteworthy public works programs in which hundreds of laborers were digging a canal with shovels.