article thumbnail

AI and Productivity: MIT Research Unveils ChatGPT’s Impact on the Next Industrial Revolution

HR Digest

Substantial Efficiency Gains: The integration of ChatGPT resulted in a 37% reduction in time spent on tasks, leading to increased productivity. standard deviations, highlighting enhanced writing quality, content, and originality. Furthermore, evaluator grades improved by 0.45

article thumbnail

Overcoming the Barriers to Corporate Entrepreneurship

Strategy Driven

Instead, longevity is based on entrepreneurial thinking and innovation – in exploring ways to adapt corporate and business strategies in response to market, technological, and social and cultural change. On reflection, though, I find that the evidence does not support competitive advantage as a path to longevity.

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 CEO's Frugal Innovation Agenda

Harvard Business Review

In sum, CEOs need a frugal innovation agenda. Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. Carlos Ghosn isn't the only CEO spearheading the frugal innovation revolution. Create separate brands to sell the company's less expensive offerings.

CEO 15
article thumbnail

The CEO's Frugal Innovation Agenda

Harvard Business Review

In sum, CEOs need a frugal innovation agenda. Frugal innovation is the ability to innovate cost-effectively and sustainably under severe resource constraints. Carlos Ghosn isn't the only CEO spearheading the frugal innovation revolution. Create separate brands to sell the company's less expensive offerings.

CEO 8
article thumbnail

How CEOs Can Make Smart Strategic Trade-Offs

Harvard Business Review

CEOs should actively manage five specific tensions in today’s complex global business environment: Disruptive innovation versus leveraging the company’s core strengths. Even in the most commoditized markets, winning players need to create value by adding small slivers of differentiated services, logistics, quality and reliability.

CEO 8
article thumbnail

Using AI and Machine Learning for Agile Development and Portfolio Management - SPONSOR CONTENT FROM CA TECHNOLOGIES

Harvard Business Review

For nearly two decades, many companies have utilized the principles within the Agile Manifesto to deliver faster time-to-market than traditional, or linear development models. We’re all striving to deliver better products faster to meet customer needs in the marketplace and stay ahead of the competition.

article thumbnail

What BMW’s Corporate VC Offers That Regular Investors Can’t

Harvard Business Review

Gimmy’s task was clear but highly demanding: to reimagine the way BMW innovates. At the time, BMW had no dedicated, company-spanning unit to leverage the creative power of startups. To fill the void and build such a new BMW startup unit, Gimmy partnered with an experienced innovation manager from BMW, Matthias Meyer.