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Artificial Intelligence and Business

AI has entered the business world. What happens next?

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Competing in the Age of Artificial Intelligence

To make the most of AI, business leaders need to harness the strengths of both man and machine.

Thinking Outside the Blocks

A Strategic Perspective on Blockchain and Digital Tokens

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Deep-Tech Startups

Large companies that want to bring deep-tech startups into the fold need to consider the particular needs of these young operations.

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To build a business that endures, there’s no better place to look for inspiration than your own biology.

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How to Build a Business That Lasts 100 Years

Martin Reeves shares startling statistics about company lifespans and reveals six principles for building businesses that flourish in the face of change.

Rethinking Your Supply Chain in an Era of Protectionism

To adjust to new economic realities as well as political and economic uncertainties, manufacturers will need to make their supply chains much more resilient.

Three Lessons on Success from an Arab Businesswoman

Professional Arab women juggle more responsibilities than their male counterparts, and they face more cultural rigidity than Western women. Leila Hoteit explains what their success can teach us about tenacity, competition, priorities, and progress.

Martin Reeves

Martin Reeves, Director
BCG Henderson Institute

What We Are reading

The Flavor Bible: The Essential Guide to Culinary Creativity, Based on the Wisdom of America's Most Imaginative Chefs

    • This cookbook, recommended by a professional chef, has no recipes. Instead, it offers successful combinations of food items and flavors. Did you know that more than 70 flavors pair well with chickpeas and over 100 with oranges?
    • Innovation in cuisine, this book suggests, can be a guided search for valid combinations of ingredients.
    • What’s true in the kitchen is also true in business. Our research on innovation with the London Institute for Mathematical Sciences shows that it’s possible to have a systematic strategy of innovation and harness serendipity by fully leveraging the information generated by that search process.
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Jeff Bezos’s 2016 Letter to Shareholders

    • “How do you keep the vitality of Day 1, even inside a large organization?” Jeff Bezos asks in his annual address to Amazon shareholders.
    • Day 1 is energy and dynamism. Day 2 is stasis—and stasis leads to death, he notes. Indeed, companies are dying sooner than ever. In our research on corporate aging and rejuvenation, we have found that public companies have a one-in-three chance of perishing within five years.
    • Bezos here presents the essentials for preserving a Day 1 mindset: obsess about your customers, focus on outcomes, embrace external trends, and make decisions fast.
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Overconfidence and War: The Havoc and Glory of Positive Illusions

    • Our tendency to overestimate our capabilities and to believe that we can control the future—what Dominic Johnson thinks of as “an integral part of the human psyche”—can be our downfall.
    • In geopolitics, self-deception can lead to war, as Johnson describes. In business, it can lead to strategic blunders or worse. Consider what happens when a company falsely believes it can orchestrate an entire ecosystem or forecast above-average growth.
    • Optimism can be a motivating force. But naive optimism has a downside. It’s important to test what we know, uncover what we don’t know, and to correctly calibrate goals and risk taking.
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