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Business Ecosystems: Building Stronger Connections

Tom Spencer

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. In short, it means that companies are expanding beyond their traditional core products in order to increase opportunities for cross-selling and to boost customer ownership. Not likely.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. For the sake of simplicity, we will present the information in a consolidated manner.

Banking 88
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How Predictive AI Will Change Shopping

Harvard Business

Amazon, Facebook, Google, and Apple are accelerating consumer expectations and what’s technologically possible, from same-day delivery to machine-powered image recognition. Responsive retail has peaked, and we’re about to enter the era of predictive commerce. Harnessing the power of machine learning and other technologies.

Retail 28
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Is your small business making enough profit?

Asamby Consulting

The better your product or service is, the more you can charge and the better your margins. Operational Effectiveness Next to charging more for your product or service, you can also increase profit by spending less. If you manage to incur less cost and product stable or increasingly good results , your profits will increase as well.

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Why Are We Still Classifying Companies by Industry?

Harvard Business

Many of our current economic measurements saw their birth in the Industrial Age when the companies that were growing and shaping the world were giants with big physical plants and lots of material products — companies like Exxon Mobile and GE. But Information Technology doesn’t seem like the right category to group them into.

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What Could Amazon’s Approach to Health Care Look Like?

Harvard Business

.” Meanwhile, skeptics highlight Amazon’s lack of expertise in health care, a sector that many deem curiously resistant to the competitive forces that characterize the retail and web services markets in which Amazon has thrived. So where is the link to health care?

Retail 49
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Personalized Recommendation Engines Are Coming to Health Care

Harvard Business

In the past decade, consumers have shifted from worrying about sharing personal financial information when shopping on the internet to embracing online retailers’ recommendations for them. That is because the best online retailers offer customers a curated and highly personalized shopping experience. No strategy is static.