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The current frontier in industrial manufacturing: bringing software systems to market
European industrial manufacturers have opened a new battleground. While they traditionally competed by selling machines along with machine operation software, they increasingly try to bring software…
Three lessons leaders can learn from Don Quixote about strategizing
The Spanish writer Miguel de Cervantes penned Don Quixote in the early 1600s. He could have little imagined how relevant its lessons would remain today, in an age of big data and machines. Yet the…
The luck bluff
In his 2005 bestselling book, Blink, Canadian journalist Malcolm Gladwell noted a seemingly bizarre fact about his work with Fortune 500 leaders. “In the U.S. population, about 14.5 percent of all…
The data duels of decision making
You are teaching students about decision science to affect leadership decisions. How well has it been received? The research on decision science has become more and more popular. We have learned that…
Russia in Europe: Yesterday, Today, Tomorrow
Today would have been the 90th birthday of Hans Dietrich Genscher – a remarkable German political figure and a truly wonderful human being. It is in large part thanks to him that I am a free man and…
The challenge of establishing the ECB as the regulator of European banks
Supporters see it as an effective way to take control of the systemic consequences of sovereign and bank debt; opponents warn of an extensive collectivization of risks at the expense of taxpayers and…
Developing hardware the software way
Imagine if somebody asked you: Is it possible for a software developer with no automotive experience to design and build a revolutionary and roadworthy prototype for a car in just three months? And…
The secret to successful open innovation initiatives
A new study by Linus Dahlander, associate professor and KPMG Chair in Innovation at ESMT, co-authored with Henning Piezunka, a PhD candidate at Stanford University, finds that organizations that…
The world can be local
A common theme in literature on organizational learning is the importance of learning from sources outside an organization’s boundaries. Unfortunately, organizations tend to collect external…
What would a 'Brexit' mean for Europe?
Europe faces one of its most challenging situations in decades and stands at the crossroads. A Brexit could trigger similar movements in other EU countries, in the Netherlands for instance, and…
