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Imperatives for growth in power

European utilities are currently undergoing significant reinvention due to a rapidly changing market and political environment. The traditional energy generation model is under fire, while at the same time demand is shrinking due to changing habits. The industry desperately needs to develop new...
Utilities & alternative energy

Embracing complexity with value-based risk management

In the current environment uncertainties seem to be everywhere, making strategic planning more difficult than ever. Many companies use enterprise risk management (ERM) as a proven framework for managing risk. However, businesses are now looking to improve their track records when it comes to...
Risk

Making sense of the bioeconomy

Many companies, both large and small, view fuels and chemicals derived from bio-based feedstocks as a potential source of sustainable growth. Yet in practice, breakthroughs have been hard to achieve and the number of large-scale commercial successes are few. In this article the authors examine the...
Utilities & alternative energy, Technology & innovation management

Metro Railways - A Journey of Transformation

Metro railways are critically important assets for the world's cities if we are to meet the challenges of maintaining urban mobility. For established metros, responding to the needs of the future is no easy thing.
Travel & transportation, Technology & innovation management

Capturing sustainable value from technology: a case for...

Businesses can no longer afford to simply protect their intellectual property (IP) and use it defensively to prevent competitors encroaching on their territory. Moving to actively licensing IP is increasingly critical for open innovation, provides a powerful mechanism for revenue generation, and is...
Technology & innovation management

Becoming a next practice business

Everyone knows the real world is complex. And everyone knows the digital era has created a level of uncertainty, disruption and possibility that has never been seen before. And yet management culture embedded in some of the world’s largest companies merely serves to artificially simplify the real...
Technology & innovation management

The Breakthrough Factory

One of the key challenges for large corporations looking to achieve “Breakthrough Innovation” is that technology-intensive businesses usually need to research deeply into science in order to find breakthroughs.The challenge is particularly daunting for mature companies. In this article the authors...
Technology & innovation management

Organizing for Breakthrough Innovation

Our recent Breakthrough Innovation survey identified that having the correct organizational model for Breakthrough Innovation is one of the key ways of ensuring success. In this article the authors shed light on the various models available for achieving Breakthrough Innovation, their pros and cons...
Technology & innovation management

Radical Change for European Power Utilities

The extensive disruption caused by the large-scale development of renewable power generation capacity in Europe continues to change the industry. For European power utilities the question is how they can react to these changes. In this piece the authors update a previous Prism article, examining...
Utilities & alternative energy

Anticipating the Operations of the Future

During the last decade business operations have been transformed in a way that has never been seen before. What does the future hold for operations management and how can it react to ever accelerating change? In this brief article the authors take a quick look at some of the likely characteristics...
Operations management