Written by : Christophe GuilleManager, Bain & CompanyJoseph HergerPartner, Bain & CompanyAnas KaakehCase Team Leader, Bain & CompanyJoseph ScalisePartner, Head of Utilities & Alternative Energy practice (Americas), Bain & CompanyThe electricity industry is in the midst of a transformation, as technology and innovation disrupt traditional models from generation to beyond the meter.Three trends in particular are converging. First, electrification is taking place across large sectors of the economy such as transportation and residential heating. Second, decentralization of resources has increased, spurred by the sharp decrease in costs as well as by public support for distributed energy resources (DERs) like distributed generation, distributed storage, energy efficiency and demand response. Third, digitalization of the system is mounting, both before the meter with […]
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The Government of Canada publishes a first report of the Canada 2020 Innovation Project
ABOUT THE CANADA 2020 INNOVATION PROJECTWe know that to be competitive, Canada must innovate more — or risk being left behind. With this in mind, Canada 2020 launched its Innovation Project, devoted to studying and discussing Canada’s innovation agenda — the risks, the opportunities, and key factors involved in making Canada a more innovative nation.We launched Phase 1 of this project in June 2016, with our ‘Being Innovative’ event. We also convened a large team of Canadian policy makers, business and community leaders and innovators to examine how to make Canada a global leader in innovation.From these events, we developed an outline for the Canada 2020 Innovation Project: a plan to define and promote innovation in Canada through research, roundtable […]
[ + ]More TagTHE DYNAMIC LINKAGES BETWEEN SOCIOCULTURAL VALUES AND SUCCESSFUL BUSINESS DEVELOPMENT AND PERFORMANCE: CASE STUDY OF MOURID ENTREPRENEURS IN SENEGAL
This empirical study shows the influence of the socio-cultural values and religious beliefs of Mourid entrepreneurs on their managerial practices, which underpin success and performance when developing their businesses. The study found that successful business development and performance of Mourid entrepreneurs depends on the intensity of both the level of adherence within the religious community for getting support from its members (INT), and the level of impregnation of sociocultural values of Mouridism, when running day-to-day business activities (IMP). This study also found that levels of adherence within the religious community, as well as the impregnation of sociocultural values of Mouridism by the Mourid business owner, provide the company with substantial benefits in terms of market acquisition and the strengthening of […]
[ + ]More TagBETTER RESULTS IN SERVICES: OBSTACLES IN TRANSFORMING SERVICE ORGANISATIONS
In this research, we studied managers transforming their service organisation and looked into the role played by obstacles in the execution of their objectives. Using principal component analysis (PCA), we categorised the obstacles on the basis of our review of the literature referring to our framework of obstacles faced by managers in the context of a service change. Our research suggests four contributions to the domain of organisational change. Our main finding, based on the conceptual framework of Kolb (1984), suggest the existence of five different categories of obstacles in the strategy execution faced by managers in the context of a service change. Our hypothesis was supported and suggests that the main obstacles faced by managers in a service context […]
[ + ]More TagDEVELOPMENT AND LEARNING OBSTACLES FOR HUMAN RESOURCE DEVELOPMENT MANAGERS IN STRATEGY EXECUTION: A CRITICAL ANALYSIS OF THE MANAGEMENT DRIVERS
This paper describes the drivers of management development and learning by HRD managers in strategy execution and attainment of their objectives as well as the obstacles they face while implementing their management practices. The authors used PCA method to assess the relationship between drivers of strategy execution and management development. The study found two main conclusions concerning the sample of HRD managers surveyed. These findings are: 1) the driver of rules was found to be the strongest driver that HRD managers would spread out to reaching their organisational objectives in employee training, development and learning processes; 2) the second important driver rested on emotions which deals with getting commitment to the manager’s objectives by his/her employees and guiding them successful […]
[ + ]More TagMANUFACTURING INNOVATION: MARKET LEVERAGE AND STRATEGIC RISKS IN 3D PRINTING
As explained in the paper, 3D technologies were traditionally limited to the production of prototypes. However, this research has established that since 2013, the possibilities of small-scale production and for value-added parts has made their appearance into commercialization. On a more specific novelty of this research, the paper has focused on the dynamics of strategic scope in attaining competitive advantage in 3D printing sector. The paper adopts a tripartite approach by looking at product and service scopes, geographic scope and scope of competencies to help readers understand the emerging dynamics in 3D printing sector.
[ + ]More TagDISRUPTIVE TECHNOLOGY AND INNOVATION: MARKET LEVERAGE AND STRATEGIC RISKS IN 3D PRINTING
The 3D printing sector has enjoyed sustained double-digit growth in recent years, and it is realistic to forecast the sector to be worth more than $7.5 billion USD by 2020. There are clearly opportunities for the adoption of this disruptive technology in key sectors such as aerospace, medical devices and implants, power generation, automotive manufacturing, and the creative industries. Many companies have already assessed the disruptive technology or have begun using it on a small scale by defining their scope of extension to product scope, market scope, geographical scope and competence scope. Disruptive innovation is a powerful means of broadening and developing new markets and providing new functionality, which, in turn, may disrupt existing market linkages.
[ + ]More TagMULTI-SIDED PLATFORMS: A STRATEGIC PERSPECTIVE ON VALUE CHAIN AND STRATEGIC COSTS
Multi-sided platform markets are becoming an increasingly important part of the economy. These market platforms have had a large impact on the recent information technology boom, and undoubtedly, they will continue to be important, as internet based commerce expands its scope to include both new and old economy firms. In addition to internet commerce, other increasingly important industries, such as credit cards, operating systems, shopping centres, and mass media, are all governed by the economics of multi-sided platforms. A theoretical review of businesses in different industries shows that multi-sided platform businesses devise entry strategies to get multiple sides of the market on board and devise pricing, product, and other competitive strategies to keep multiple customer groups on a common platform […]
[ + ]More TagMULTI-SIDED PLATFORMS AS A DISRUPTIVE TECHNOLOGY: TRANSFORMING THE STRATEGIC SCOPE OF COMPETITIVE MARKET STRATEGIES
The designs of Multi-sided platform markets in terms of strategic scope and competitive position are becoming an increasingly important part of any economy. The application of market platforms in competitive strengthening has had a large impact on the recent information technology boom, and undoubtedly, they will continue to be important, as internet based commerce expands its scope to include both new and old economy firms. This article presents the study of Multisided platform as a disruptive technology with an integrated strategic management framework A theoretical review of the literature shows that multi-sided platform businesses devise entry strategies to get multiple sides of the market on board and devise pricing, product, and other competitive strategies to keep multiple customer groups on […]
[ + ]More TagMULTI-SIDED PLATFORMS VALUE CAPTATION AND MONETIZATION STRATEGIES: A STRATEGIC MANAGEMENT PERSPECTIVE
The fundamental basis of all multisided business platforms is the value proposition offered to consumers, on one hand, and to business buyers, on the other hand, and so our starting point must be with the fundamentals concerning the management of value propositions. The competitive strategies of monetization and value creation include: Envelopment, overlapping, freemium, advertising and asymmetry information methods. In this paper, we allude that multisided platforms to play the role of resource integrators, involving consumers and business partners in a process of co-creation of value—an integrated, a networked business model. This is primarily due to a shift in the relative influence of different business stakeholders in the context of the business modeling of two-sided multisided platforms.Macrothink Institute – Business […]
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