Approach Decision Making Like The C-Suite And More
Now You KnOW features quick insightful takes on the issues of the day that matter most to you.
Weekend must read
Steve Jobs once proclaimed, “intuition is a very powerful thing, more powerful than intellect.” So, why are highly data-driven organizations three times more likely to report significant improvements in decision-making compared to those who rely less on data? Here, we look at the best strategies for executive decision-making and the roles that both intuition and data play.
Did you know?
To limit global warming to 1.5°C, in line with the United Nations’ Paris Agreement, Hong Kong would need to slash transport emissions by 59% in just six years.
However, the city government plans to achieve zero-carbon electricity generation before 2050. This stark contrast between a robust sustainable mobility ecosystem and a warming climate trajectory provides three lessons for governments looking to decarbonize.
Industry briefing
Space supply chain: The space sector is transitioning from an industry that manufactures large, highly bespoke satellites with decade-long build cycles to one that also needs to produce dozens of satellites for constellation networks. Those two distinct types of manufacturing models call for a supply chain that can fulfil both demands. This ongoing industry transformation requires space enterprises to think and operate more like automotive companies with assembly lines.
Impacts of regulatory proposals: Regulatory proposals often directly impact consumers’ financial lives by imposing requirements on certain financial products or services they use. For instance, they may establish new requirements for customer onboarding or set price caps for specific fees. These requirements can directly affect the products or prices available to consumers, or the process of opening and accessing accounts, including the information consumers must provide. These changes may also influence customer behavior.
Corporate scoop
Downtown rebound: Like many major cities, San Francisco is undergoing transformations in commute patterns and seizing the opportunity to redesign street usage to promote efficient modes and support local businesses and neighborhood activities. Much of the city’s transit network was restructured to serve neighborhood-to-neighborhood travel rather than feeding just into corporate centers. Learn more on their post-COVID rebound here.
Contracting to gain market share: Humira’s loss of exclusivity in early 2023 was expected to be a watershed moment for the US biosimilar industry. Starting last year, Humira has faced competition from 10 adalimumab biosimilars, likely contributing to a $6 billion drop in revenue in 2023. Despite this decline, Humira maintained a 97% share. However, this dominance may be starting to fade as biosimilars gain more traction and manufacturers embrace more novel partnering and contracting models.