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The Role of Design Thinking in Product Development

Tom Spencer

In todays fast-paced, customer-centric marketplace, developing successful products requires more than just technical skills and innovation it demands a deep understanding of users’ needs and a creative approach to problem-solving. What is Design Thinking? At its core, design thinking involves five key stages.

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Large Language Models: What Product Leaders Need to Know

Tom Spencer

For product leaders , large language models (LLMs) arent just another shiny tech trend, theyre reshaping how businesses interact with customers, automate workflows, and make decisions. Implementation Challenges While the potential of LLMs is vast, product leaders must approach their adoption strategically.

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What Inclusive Urban Development Can Look Like

Harvard Business

metros that increased their productivity, average wages, and standard of living from 2010 to 2015, only 11 metros achieved inclusive economic outcomes. One of us is an urban theorist, the other a community-focused real estate developer. A recent Brookings analysis found that of the 30 U.S. This needs to change.

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3 Changes Retailers Need to Make to Survive

Harvard Business

Few industries are being disrupted as drastically as the retail industry. More retail purchases are moving online, and a growing number of manufacturers now sell to consumers directly, cutting out retailers entirely. It’s either adapt to the new environment or step aside and make room for a competitor who can.

Retail 129
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6 Ways to Move Beyond the Commodity Mindset

Consulting Success

A small retail store tucked into the mountainside below a famous castle. The store specializes in and sells products made from oranges – especially juices. Essentially, however, it’s high-quality orange juice for $25 when the supermarket down the street sells a larger quantity of a similar product for $5 or less.

Retail 268
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Leveraging AI for Enhanced Business Performance

Effective Managers

AI in Enhancing Productivity and Employee Engagement AI’s impact on productivity is profound. Furthermore, AI can enhance employee engagement and development. AI-driven learning platforms offer personalized training and development programs, helping employees acquire new skills relevant to their roles and the industry.

Ethics 243
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Your Whole Company Needs to Be Distinctive, Not Just Your Product

Harvard Business

To them, the unit of differentiation is an individual product, service or brand. The heart of differentiation therefore is your company’s ability to develop and promote distinctive products, services, and branded experiences on a consistent basis. This is a change from the differentiation strategies of the past.