article thumbnail

Why Your Company Should Partner with Rivals

Harvard Business Review

But in today's interdependent world, this flawed belief is proving a thorn in the balloon that would otherwise raise many companies' future commercial success. Indeed, the true paradox that smart, trailblazing companies are solving is how to outperform their competition by collaborating with their competition. His blunt response: No.

article thumbnail

Leadership Is About to Get More Uncomfortable

Harvard Business Review

In our recent book, “ Leadership 2030: The six megatrends you need to understand to lead your company into the future ,” we examined the repercussions of the convergence of major forces like globalization, climate change, increased individualism, and accelerating digitization.

Insiders

Sign Up for our Newsletter

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

article thumbnail

If America Is a Land of Abundance, Why Are We So Divided?

Harvard Business Review

The company's job is to define the product, and the buyers' is to consume it. For example, Google reveals its topline direction to everyone in the company and asks that all employees figure out how their work fits into the company's strategy. The idea of a company creating and buyers consuming is dated.

article thumbnail

Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

But on the other hand, in order to safeguard the company’s future competitiveness, CEOs may have no other choice than to invest now. To escape this quandary, a number of companies are considering alternative asset ownership and operation models, whose objective is to reduce capital outlays, investment risk, or both.

article thumbnail

Old Management Systems Stifle New Business Models

Harvard Business Review

Most large companies struggle to get the most out of the vast amounts of data they’ve collected. That fact becomes apparent when you juxtapose the balance sheet of a company like Microsoft with the balance sheet of a company like Siemens. Where we land is firmly in the face of a management paradox.

article thumbnail

Use Co-opetition to Build New Lines of Revenue

Harvard Business Review

The way forward is co-opetition, in which entities in the same industries act with what everyone recognizes as partial congruence of interests. Nalebuff have written in their book Co-Opetition , businesses that form co-opetitions become more competitive by cooperating. There [are] lots of co-opetitions.”.