article thumbnail

Leadership – Unsafe at Any Speed?

Great Leadership By Dan

While leadership can confer ever-increasing levels of power, authority and compensation, it also carries with it greater and greater responsibility, just like automobile manufacturing. I don’t like Ralph Nader and I didn’t like the book, but there was definitely a role for government in automotive safety.”

article thumbnail

How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

Whether you have invented an amazing new technology or product, you could still fail. 5] There are also many opportunities to create a new venture—launching a new product, service, or business—inside a company as a corporate entrepreneur (or intrapreneur). Innovation Capital. A great idea may not be enough to build a great business.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Driverless Cars Mean for Today’s Automakers

Harvard Business Review

The automotive industry has opened up again. Up until the late 1950’s, anyone interested in sending bulk product across the globe placed that product in 60-pound burlap sacks, sent those to the docks, and entrusted longshoremen to tuck them efficiently into nooks and crannies in the hulls of merchant vessels.

article thumbnail

The Less-Is-Best Approach to Innovation

Harvard Business Review

Over the past six years I've looked at more than 2,000 ideas — products, services, processes and strategies. Gore, maker of GORE-TEX and other fluoropolymer products, is known for their team-based culture void of job titles. He then eliminated all central control: personnel, product development, purchasing. Lean features.

article thumbnail

Elon Musk’s Unusual Compensation Plan Isn’t Really About Compensation at All

Harvard Business Review

When I presented that thesis to a room of executives, including in the automotive industry, four years ago, most of them said that this scenario is at best 20 years away, that “Tesla would never be able to produce a solid car,” and that “Lyft and Uber are just for Millennials.”

article thumbnail

What the Auto Industry Can Learn from Cloud Computing

Harvard Business Review

The five largest automotive companies in the world generate more than 750 billion euro in annual revenue. It may be a long time before cloud transportation companies offer anywhere near the same variety that ownership can confer. Transportation is one of the world’s largest industries.

article thumbnail

What’s Wrong with the FAA’s New Drone Rules

Harvard Business Review

The cat out of the bag, the FAA hastily convened a Sunday press conference to announce the draft rules, further eroding any remaining confidence that the agency’s high-minded rhetoric about ensuring public safety is anything more than an excuse.