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The European Business ReviewThe European Business Review

The European Business Review

July/August 2019

The European Business Review is a leading business intelligence magazine designed to ensure that its readers make informed decisions. It provides them indispensable insight, current best practices and is their best source of new ideas about what’s important. The European Business Review readers embrace leadership in their jobs and their lives. Their affluence, education, achievements, and wide ranging experience are unparalleled. They are the men and women who shape the world we love, the world we live in.

Country:
United Kingdom
Language:
English
Publisher:
EBR Media Limited
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6 Issues

IN THIS ISSUE

access_time3 min.
stay ahead in turbulent times

How do you stay ahead of your competition is a question we strive to answer in each edition of The European Business Review. In today’s fast-changing and hyper-competitive digital age, this question becomes more important than ever before. With the emergence of different innovative ideas and new business models, companies need to adapt to new ways of working in order to remain the leader in their respective fields. For this issue’s cover story, we feature an example of a successful collaboration between two industry leaders - Atradius and Kemiex - who integrate digitalisation and credit insurance to offer a sophisticated online trade platform for APIs, Vitamins and other food and feed additives. Whilst some are benefiting from the latest technological innovations, some find their investment not delivering the results they expected. Mihnea…

access_time7 min.
intelligent artificiality: why ‘ai’ does not live up to its hype – and how to make it more useful than it currently is

Organisations need to urgently take action to address the communication and skills gap between their corporate leaders, key decision makers and AI developers, in order to reap the full benefits of AI innovation and transform into an AI-competent organisation. What lies at the root of the gap between the promise of AI and the practice of an AI–based strategy? As recent evidence-based inquiry suggests1 , companies widely report that the adoption and use of AI techniques significantly lag the promise they were led to believe AI holds for making work more efficient and productive. The answer is not technical. It is organisational and cultural: A massive skills and language gap has emerged between key organisational decision makers and their ‘AI teams’. It is a barrier to innovation in the workplace that…

access_time1 min.
about the author

Mihnea Moldoveanu is Desautels Professor of Integrative Thinking, Professor of Economic Analysis and Vice Dean of Learning, Innovation and Executive Programs at the Rotman School of Management, University of Toronto, where he is also the Founding Director of the Mind Brain Behavior Institute and the Desautels Centre for Integrative Thinking. He is the Founder of Rotman Digital, the Rotman Self Development Laboratory and the Joe Weider Foundation Leadership Development Laboratory. He is past Founder, CEO and CTO of Hefaistos, Inc. (designer manufacturer of ADSL modems) and of Redline Communications, Inc. (TSX: RDL) a leading manufacturer of cellular base stations and broadband wireless networks. He is a Senior Advisor to the Boston Consulting Group and a member of the global advisory board of McKinsey Academy. A Top 40 under 40 for…

access_time14 min.
trip framework: re-thinking organisational competitiveness in digital spheres

Across industries, organisations are in search of new ways to enhance their competitiveness in the midst of digital disruption and a changing competitor landscape. To guide organisations through the turbulent waters of the digital era, we need new frameworks to help shape organisational strategy and decision-making. In this article, we introduce a new strategising framework that is designed, developed and tested to support organisations to navigate and maneuver in digital spheres. The nature of competition across many industry sectors is changing. Organisations that were traditionally archrivals are now driving innovation together through collaboration. This is prevalent in the automobile industry where new partnerships are forged between some of the industry’s strongest incumbent players, for example BMW and Mercedes, with a view to share resources to push forward new vehicle platforms, electric-car…

access_time1 min.
about the authors

Dr Mike Cooray is a Professor of Practice at Ashridge Executive Education at Hult International Business School. Mike is an Academic Director and contributes to several Executive and Masters programmes in London, Dubai and Shanghai. He designs and delivers programmes in digital strategy, customer behaviour and business transformation. He has previously worked with Carlsberg, Mercedes-Benz and Siemens. Dr Rikke Duus is senior faculty at University College London, School of Management, and visiting faculty at ETH Zurich. Rikke’s area of expertise is in digital transformation, dynamic organisations and human-tech relationships. She frequently presents at international conferences and events and is widely published in leading global media outlets.…

access_time9 min.
enter the industry 4.0 era today by using “dark data” you already have

The Industrial Internet-of-Things (IoT), also known as Industry 4.0, provides new opportunities to harness data-driven insights to improve business performance. In reality, operational technology, production equipment, and other “things” already provide data that can improve – even transform – company operations. By answering four key questions, business leaders can benefit from this “dark data” today. Enter the Industry 4.0 Era Today by Using “Dark Data” You Already Have The Industrial Internet of Things (IoT), also known as Industry 4.0, provides a new opportunity to improve business performance through data-driven insights. A quick Internet search provides many details about the transformative potential of the IoT. Wireless sensors on patients will help hospitals to predict heart attacks before they happen, enabling preventative emergency measures.1 Companies will equip employees with uniforms that detect hazards as…

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