article thumbnail

How Corporates Can Best Engage With Startups

The Horizons Tracker

In other words, they’re looking at whether the engagement will improve their core business, and whether they have the skills and resources internally to cultivate an effective relationship. Ensure there is an independent cost center. Venturing out. Consider increasing the time span of reporting cycles.

article thumbnail

A Kodak Moment to Reconsider the Value of IT

Harvard Business Review

It helps students see that Kodak did not understand or invest in the digital technologies that were to sweep away its business, a failure usually attributed to incumbent executive myopia. IT was viewed as noncore, a cost to be outsourced like janitorial services and security. So it had no voice.

CIO 9
Insiders

Sign Up for our Newsletter

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

article thumbnail

The First Step to Fixing U.S. Manufacturing

Harvard Business Review

Without the breathing room to invest in new equipment and technologies, smaller manufacturers may be up to 40% less productive than large companies—a gap so sizable that it drags down the entire sector’s performance. manufacturers do source from domestic suppliers, they tend to regard them purely as a cost center.

article thumbnail

There Are 4 Futures for CMOs (Some Better Than Others)

Harvard Business Review

Over the last decade, most companies’ digital agendas have focused largely on technology — moving to cloud-based software, modernizing IT infrastructures, adding digital channels, and digitizing business processes. This requires a new set of skills for many CMOs, particularly around leading transformative change.

CEO 8
article thumbnail

Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

They perform the essential task of marshaling people with important skills to manage crucial activities. On the other hand, they are set up as cost centers and service bureaus, mandated to meet the needs of all their constituents as rapidly as possible under the ceiling of their budget.

article thumbnail

Charlie Ackerman on Winning A World in Flux

HR Digest

Bosch firmly believes that research is not an end in itself – a never-ending race to develop new technologies – but rather something that makes a tangible contribution to improving the quality of people’s lives. That belief is reflected in the words “Invented for life,” which is not only our claim but our strategic imperative.

article thumbnail

How Cloud Computing Is Changing Management

Harvard Business Review

Theories and practices of management often spring from the opportunities created by new technologies. Client-server technology begat enterprise resource planning systems, and the consequent system-wide visibility that was required for what we call business process management (BPM). How it effects product design and customer experience.