article thumbnail

A Strategic Approach for Meeting Customer Demand as Quickly as Possible

Harvard Business

This means companies can, in effect, procrastinate and wait until customer demand is present before producing an actual product or service.

Meeting 228
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Project Management Tools Can Improve Business Performance in 2025

Epicflow

However, with present-day high competition and ever-evolving requirements, this can be easier said than done. It involves financial and non-financial indicators, e.g., a company’s productivity, profitability, customer satisfaction, and others. Increasing employee engagement Employee engagement is the key to high productivity.

Tools 246
article thumbnail

Customers Prefer to Crowdfund Products They Can Improve

Harvard Business

Platforms like Kickstarter and Indiegogo have not only broadened access to funding to companies that might struggle in the capital markets but have also transformed the way companies connect with consumers during product development, replacing focus groups with real customers who have a stake in the final product.

article thumbnail

Making Your Products Accessible to Underserved Markets

Harvard Business

Prahalad argued that the world’s poorest people constituted the “bottom of the pyramid” (BoP) and presented a massive opportunity for the world’s wealthiest companies. Management leaders need a clearly defined Side of the Pyramid (SoP) strategy to optimize the available opportunities and develop more inclusive products and services.

article thumbnail

Balancing Work-Life Integration in High-Pressure Roles

Effective Managers

The goal is to blend professional and personal responsibilities seamlessly, promoting overall well-being and productivity. Increases Productivity: A balanced approach allows for better focus and efficiency, leading to higher productivity. Understanding Work-Life Integration What is Work-Life Integration?

Tools 256
article thumbnail

Research: Flexible Work Is Having a Mixed Impact on Employee Well-Being and Productivity

Harvard Business

This presents a complicated challenge for company leaders: Full flexibility means employee well-being might be in jeopardy. But if you’re going to require employees to be in the office full-time, you may need to mitigate lower engagement and lower productivity.