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    Business

    HBR On Strategy

    Business strategy isn’t just a plan, it’s a framework for success.

    Whether you’re building, innovating, or executing, HBR On Strategy is your destination for insights and inspiration from the world’s top experts on business strategy and innovation.

    Every Wednesday, the editors at the Harvard Business Review hand-picked case studies and conversations from across HBR podcasts, videos, articles, and beyond to help you unlock new ways of doing business.

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    Copyright: © Copyright 2023 Harvard Business School Publishing Corporation. All rights reserved.

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    Latest Episodes:
    How Startups Can Turn Failure into Success Sep 25, 2024
    Show notes

    AptDeco, a peer-to-peer marketplace for used furniture, launched in New York City in 2014. Despite its complexity and high costs, the company grew quickly. Co-founders Reham Fagiri and Kalam Dennis considered several different options for scaling the business—from expanding into new markets to rebranding with a sustainability focus.

    In this episode, Harvard Business School associate professor Ayelet Israeli and AptDeco co-founder Kalam Dennis discuss the path to scaling that AptDeco ultimately chose and what their experience can indicate about how to successfully scale a startup.

    They focus on how to translate early failures into valuable information that can help your business move forward and grow in the long term. They also explain how to use data and analytics to improve your value proposition.

    Key episode topics include: strategy, entrepreneurship, entrepreneurial business strategy, marketing, furniture, analytics, start-up, scaling, growth strategy.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the original HBR Cold Call episode: How to Scale a Startup Marketplace for Used Furniture (2022)
    • Find more episodes of Cold Call
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

    To Set a Great Strategy, Start by Imagining the Future You Want Sep 18, 2024
    Show notes

    Some managers develop strategy by focusing on problems in the present, and that’s especially true during a crisis.

    But Mark Johnson, co-founder of the innovation consulting firm Innosight, argues that leaders should imagine the future and then work backward to build their organization for that new reality.

    In this episode, he outlines the practical steps managers can take to look beyond the typical short-term planning horizon and help their teams grasp future opportunities. Johnson also shares real-world examples from Apple, Johnson & Johnson, and Intel to illustrate what can happen when leaders shift their strategic mindset to focus on the future.

    Key episode topics include: strategy, innovation, decision making and problem solving, growth strategy, crisis leadership, managing teams.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the original HBR IdeaCast episode: To Build Strategy, Start with the Future (2020)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

    3 Signs It’s Time to Transform Your Core Business Sep 11, 2024
    Show notes

    Is your company’s existing growth formula finally reaching its limit?

    Bain & Company partner Chris Zook says you may need to redefine your core business if you want to power new growth.

    Zook was co-head of Bain’s Global Strategy practice for 20 years. He’s also a best-selling business author.

    In this episode, he shares three warning signs that indicate your core business needs to be redefined, and he explains how to approach that transformation. In particular, he focuses on how to uncover what he calls “hidden assets” within your company that can offer future sources of growth.

    Key episode topics include: strategy, competitive strategy, growth strategy, transformation.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: Unleash Your Hidden Assets (2007)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org.

    24 Steps to Launch a Start-Up Sep 04, 2024
    Show notes

    Many people aspire to entrepreneurship. But Bill Aulet, who has advised founders for decades, warns that it remains a high-risk endeavor.

    In this episode, he outlines concrete steps anyone can take to get a new venture off the ground — including intrapreneurs within large organizations. He also breaks down some of the important trends he’s seeing in entrepreneurship, like the increasing commoditization of products and lower barriers to entry, due to technology.

    Aulet is a professor of entrepreneurship at the Sloan School of Management at MIT. He’s also the author of the book Disciplined Entrepreneurship: 24 Steps to a Successful Startup.

    Key episode topics include: strategy, entrepreneurship, entrepreneurs and founders, entrepreneurial business strategy, innovation, start-ups.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: A Roadmap for Today’s Entrepreneurs (2024)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

    Brand Strategy Lessons from Super Bowl Ads Aug 28, 2024
    Show notes

    The Super Bowl isn’t just American football’s championship game. It’s also one of the world’s biggest stages for brand messaging.

    In 2024, the average 30-second Super Bowl ad cost $7 million —and that doesn’t even include production costs. So how do brand managers know if they’re getting a good return on that huge investment?

    In this episode, Bentley University assistant professor of marketing Shelle Santana discusses the evolution of corporate branding, using lessons from classic Super Bowl ads, like Budweiser’s iconic Clydesdale horses.

    She shares how to choose the best, measurable goal for an ad campaign, while also accounting for the risks that can accompany bold storytelling—like controversy or online backlash. She also explains why some brands release their ads ahead of the game, while others don’t. (Hint: It’s about social media engagement, and ultimately expanding the ROI on your ad investment.)

    Key episode topics include: strategy, brand management, sales and marketing.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the original Cold Call episode: Super Bowl Ads Sell Products, but Do They Sell Brands? (2019)
    • Find more episodes of Cold Call
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

    How to Incorporate Influencers into Your Marketing Strategy Aug 21, 2024
    Show notes

    Online influencers are an increasingly important way for companies to find new customers and drive sales. But if you’re a marketer hoping to target consumers, it’s important to understand how the social media industry works.

    In this episode, Emily Hund, a researcher at the University of Pennsylvania, explains that influencers grew out of Great Recession-era job cuts that forced people in creative fields to innovate.

    She offers advice for brands developing influencer marketing strategies. You’ll learn how to find the right influencer for your brand and how to measure success. Hund recommends starting with a small experiment to get familiar with the process before making a larger investment. You’ll also learn why longer-term creative relationships with influencers can produce stronger results than one-off endorsements.

    Hund is the author of the book The Influencer Industry: The Quest for Authenticity on Social Media.

    Key episode topics include: strategy, social media, entrepreneurship, social marketing, customer strategy, influencer marketing.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: The Ins and Outs of the Influencer Industry (2023)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org.

    How to Build a Dynamic-Pricing Strategy That Works Aug 14, 2024
    Show notes

    More and more companies are turning to pricing algorithms to maximize profits. But many are unaware of a big downside.

    Marco Bertini, a marketing professor at Esade Business School in Barcelona, says constant price shifts can actually hurt the perception of your brand and its products. He warns that employing AI and machine learning without considering human psychology can damage your relationship with customers.

    In this episode, he outlines steps you can take to avoid these pitfalls, including some basic guardrails, overrides, and communication tactics. He also shares real-world examples of companies that are using dynamic pricing to smooth demand and provide better customer experiences.

    Key episode topics include: strategy, pricing strategy, algorithms, psychology, customer experience, communication, dynamic pricing, brand, AI, machine learning, profits.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: Algorithms Won’t Solve All Your Pricing Problems (2021)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org

    How Rakuten’s Shift to English Transformed Its Culture Aug 07, 2024
    Show notes

    In 2010, Japan’s largest e-commerce platform Rakuten was rapidly expanding into global markets when CEO Hiroshi Mikitani made a surprising announcement: Rakuten’s internal language would be changing to English.

    That meant that all meetings, emails, and other communications would have to be conducted in English. The company’s employees had two years to become proficient in the language or be demoted.

    In this episode, Harvard Business School professor Tsedal Neeley discusses her case, “Language and Globalization: ‘Englishnization’ at Rakuten,” and explains why Mikitani introduced this new mandate and what results it achieved.

    You’ll also learn about the early challenges that accompanied this enormous change, including loss of productivity and employee skepticism, as well as how the shift to English shaped Rakuten’s long-term working culture.

    Key episode topics include: strategy, global strategy, globalization, cross-cultural management, language, communication, leadership, transformation, organizational culture.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the original HBR Cold Call episode: Language and Globalization: The Mandate to Speak English at Rakuten (2017)
    • Find more episodes of Cold Call
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org.

    How to Scale a Start-Up Jul 31, 2024
    Show notes

    Managing rapid growth is a huge challenge for young businesses. Even start-ups with glowing reviews and skyrocketing sales can fail. That’s because new ventures and corporate initiatives alike must sustain profitability at scale, according to Harvard Business School senior lecturer Jeffrey Rayport.

    He has researched some of the biggest stumbling blocks to long-lasting success and he explains how to successfully transition out of the start-up phase. Rayport argues that success has a lot to do with an organization’s cash flow and its ability to meet growing demand. But it also involves something he calls “profit market fit,” which is when an enterprise becomes financially sustainable.

    Key episode topics include: strategy, start-ups, entrepreneurial business strategy, customer strategy, growth, scaling, demand, cash flow, sustainable business.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: Why Some Start-Ups Fail to Scale (2022)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org.

    Innovating Around an Existing Core Product or Service Jul 24, 2024
    Show notes

    What do LEGO, GoPro, and CarMax have in common?

    Wharton professor David Robertson says they all have a similar strategy for growth that involves building families of complementary innovations around a core product or service. It’s an approach to innovation that’s neither disruptive nor incremental, but rather somewhere in the middle. And Robertson argues it’s a strategy that any company, no matter the industry, should consider.

    In this episode, you’ll learn how to use customer feedback to identify a product or service that can anchor a family of complementary innovations as well as how to prepare for common challenges.

    Robertson is the author of The Power of Little Ideas: A Low-Risk, High-Reward Approach to Innovation.

    Key episode topics include: strategy, innovation, growth strategy.

    HBR On Strategy curates the best case studies and conversations with the world’s top business and management experts, to help you unlock new ways of doing business. New episodes every week.

    • Listen to the full HBR IdeaCast episode: Low-Risk, High-Reward Innovation (2017)
    • Find more episodes of HBR IdeaCast
    • Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org.

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