Remove 2004 Remove 2006 Remove Development Remove Innovation
article thumbnail

Leadership Infrastructure – A Prerequisite To Mightiness

Tanveer Naseer

The CEO will become less of a doer and innovator and more of a leader of leaders. But in October 2004, private equity firm Behrman Capital bought out the founder for $200 million. In August 2006, Lyndon Faulkner came on board to lead the company. Everybody knew their roles and responsibilities.

article thumbnail

Frugal Innovation: Lessons from Carlos Ghosn, CEO, Renault-Nissan

Harvard Business Review

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, famously coined the term "frugal engineering" in 2006. He was impressed by Indian engineers' ability to innovate cost-effectively and quickly under severe resource constraints. For example, in 2004, Renault launched Logan, a small, no-frills family car.

CEO 14
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When First Movers Are Rewarded, and When They’re Not

Harvard Business Review

Product pioneers face more risk, but can reap big rewards when an innovation proves successful. Research I conducted together with John Joseph of Duke University shows that both approaches can be successful — what matters most is not simply timing but whether a company tailors its innovation strategy to whichever approach it adopts.

article thumbnail

New Ways to Collaborate for Process Improvement

Harvard Business Review

IBM has accelerated collaboration with " innovation jams " that engage everyone in identifying opportunities. In a two-part event, employees in WorldJam 2004 first brainstormed solutions to increase growth and innovation, resulting in 191 pragmatic ideas. A year later, IBM used a jam to bring its new values to life.

Process 14
article thumbnail

Building a Culture of Transparency in Health Care

Harvard Business Review

I believe it is impossible to have complete transparency with patients without first developing a strong culture of internal transparency — among all team members, at all levels, on all issues — throughout the health care organization itself. Leaders must create a no-blame culture. Leaders must lead by example.

article thumbnail

The Comprehensive Business Case for Sustainability

Harvard Business Review

Managing risks therefore requires making investment decisions today for longer-term capacity building and developing adaptive strategies. Coca-Cola, for example, faced a water shortage in India that forced it to shut down one of its plants in 2004. Fostering innovation. billion in mining projects since 2010.

article thumbnail

The Scaling Lesson from Facebook’s Miraculous 10-Year Rise

Harvard Business Review

On February 4th, 2004, Harvard undergraduate Mark Zuckerberg launched “Thefacebook.” In early 2006, Diego Rodriguez and I started teaching a class we called “Creating Infectious Action” at the Stanford d. Today is Facebook’s 10 th anniversary. The opening sentence was “When Mark E.