Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business

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. This is especially relevant when overall demand is declining and chronic overcapacity looms but continual investment in new technology remains important and capacity investment is lumpy.

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. As connectivity-enabling technology and virtual workplaces change how people interact, leaders must engage employees across cultures and business roles through new mediums.