article thumbnail

What the Best Transformational Leaders Do

Harvard Business

From day one, Hiesinger began executing a plan for repositioning the declining core of steel manufacturing by divesting less profitable product lines, focusing on higher-margin custom manufacturing, and even opening 3D printing centers to fashion components such as parts for wind turbines.

article thumbnail

3 Things Are Holding Back Your Analytics, and Technology Isn’t One of Them

Harvard Business

Methodology. The dichotomy continues when it comes to methodology. A large fashion retailer ran into this issue. Getting this capability right means creating an analytics organization with the structure, culture, and problem-solving methodology to reveal the actionable insights that business leaders need to compete.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your Team Doesn’t Need a Data Scientist for Simple Analytics

Harvard Business

The mission of enabling data analytics in today’s enterprise is hobbled by the lack of the requisite skills in the marketplace, including: advanced statistics/mathematics, new analytics methodologies, advanced systems analysis, business fundamentals, regulatory and legal understanding, and general IT technical and data architecture skills.

Data 70
article thumbnail

Top 10 Consulting Firms In New York

Management Consulted

To support the office’s growing employee base, Bain moved in 2015 to a new location in the fashionable Grace Building, which is located directly across the street from historic Bryant Park. With HQ in New York, firm practices are based on the EVA methodology.

article thumbnail

Beware the Analytics Bottleneck

Harvard Business

Using a Big Data Discovery platform and methodology, within 10 weeks the team was able to show more than $70M in savings from analysis from a subset of the locations and could analyze the data at high speeds (e.g. risk models to predict consumer risk to default), segment consumer behavior in an optimized, market friendly fashion (e.g.

Banking 71
article thumbnail

What 45 Years of Data Tells Us About Globalization’s Influence on the Shadow Economy

Harvard Business

The shadow and legitimate markets are usually seen as operating in an essentially complementary fashion , with the informal economy expanding alongside the formal. Methodology To measure the shadow sector, we used the global estimates created by the economists Ceyhun Elgin and Oguz Oztunali to measure informal activity.

Data 72
article thumbnail

The “Smart Society” of the Future Doesn’t Look Like Science Fiction

Harvard Business

While flights of imagination from science-fiction writers, filmmakers, and techno-futurists involve things like flying cars and teleportation, in practice smart technology is making inroads in a piecemeal fashion, often in rather banal circumstances. Methodology.