Innovating Around an Existing Core Product or Service

HANNAH BATES: Welcome to HBR On Strategy, case studies and conversations with the world’s top business and management experts, hand-selected to help you unlock new ways of doing business. Here’s a quiz. What do LEGO, GoPro, and CarMax have in common? Wharton professor David Robertson says they all have a similar strategy for growth that … Read more

Core Lithum closes Northern Territory mine as it hopes for recovery in global prices

Briefly: Core Lithium suspended mining in January and has since processed all of its remaining reserves. Lithium prices have fallen by about 85 percent in the past 18 months. What is expected next? Lithium prices are not expected to recover in the short term, but demand is expected to increase in the long term. It’s … Read more

Elon Musk promises “more affordable” EVs as rival discounts hit Tesla’s profits

Elon Musk has promised that Tesla will deliver a “more affordable” electric vehicle in early 2025, after he admitted that discounts and increased competition were the main reasons for a significant drop in second-quarter profits. Tesla’s share price took a hit on Tuesday (US time) after the company released its second-quarter earnings, which revealed a … Read more

How to Embrace Ambiguity When Making Decisions

HANNAH BATES: Welcome to HBR on Leadership, case studies and conversations with the world’s top business and management experts, hand-selected to help you unlock the best in those around you. Making business decisions often means choosing one path over another. But that doesn’t always need to be the case. Wendy Smith and Marianne Lewis argue … Read more

Coles, Woolworths reject offer to break protocol as state claims ‘shelves have been removed’

Supermarkets in South Australia have struggled to restock their shelves after CrowdStrike was shut down due to a state law. (Source: 7News) Coles and Woolworths have responded after an Australian state announced it would bend the rules following a global IT outage that saw millions of systems shut down. The two largest supermarkets were among … Read more

When Collaborating with Competitors Makes Sense

HANNAH BATES: Welcome to HBR On Strategy, case studies and conversations with the world’s top business and management experts, hand-selected to help you unlock new ways of doing business. An idea that’s a non-starter at many organizations is collaborating with a competitor. But Yale School of Management professor Barry Nalebuff says leaders who refuse to … Read more

Australia’s phone companies are giving away free phones and gift vouchers in a last-minute bid to lure customers off 3G

Briefly: Almost 200,000 Australians still rely solely on 3G devices, which will stop working within weeks. Telstra and Optus are now giving away phones and vouchers to help vulnerable Australians get better. What is expected next? The 3G network is being phased out to make way for 4G and 5G technologies. Telstra and Optus are … Read more

Video Quick Take: Unisys’ Peter Altabef on Empowering Businesses Through AI and Quantum Computing

Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Unisys’ solutions – cloud, AI, digital workplace, logistics and enterprise computing – help clients challenge the status quo and unlock their full potential. To learn more click here. Todd Pruzan, HBR Welcome to the HBR Video Quick Take. I’m Todd … Read more

Industry groups call out environmental groups for continued attacks

CATTLE Australia and the National Farmers’ Federation have come out against a growing list of environmental groups that have campaigned against the beef industry. The latest has been the Australian Conservation Foundation, which today published a report labeling the food system as nature’s failure. It followed a report last week, which is covered in this … Read more