article thumbnail

Leadership Is About to Get More Uncomfortable

Harvard Business Review

And along with this increased transparency, you’re held accountable for areas you know less about: new technologies, new markets, new cultures and geographies representing new stakeholders. Technology alone offers several sources of discomfort. It’s no wonder CEO tenure is declining. This requires new skills and mindsets.

article thumbnail

Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

For instance, the cost of building and equipping a leading-edge semiconductor fab has climbed to $7 billion, as the technology required to make more advanced chips is getting more complex. The model can be a win-win as long as the two companies address different customer segments. Dual asymmetrical joint venture.

article thumbnail

Old Management Systems Stifle New Business Models

Harvard Business Review

Ask anyone in technology. On a short-term basis, the only thing they can expect in return for focusing on data is the headaches that follow from explaining, justifying, and evaluating their operations to colleagues and investors. Sometime soon, the world around us will be smart. Everything from mugs to mailboxes will be context-aware.