article thumbnail

OpenAI’s Failed Experiment in Governance

Harvard Business Review

OpenAI has undoubtedly succeeded in its product innovations, with ChatGPT. But its governance innovations have failed spectacularly. Put in place to guard against the abuse of its product, the company’s unusual structure — a nonprofit that owns a for-profit — proved unpredictable and subject to the whims of its directors.

ChatGPT 130
article thumbnail

From Strategy to Success: Harnessing Corporate Venture Capital for Growth

Leapfrogging

The Role of CVC in Corporate Growth and Innovation CVC plays a pivotal role in driving corporate growth and fostering innovation. By investing in startups, corporations can access new technologies, products, and services that can significantly enhance their competitive edge.

Strategy 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

Innovation cannot expand without the 4th Industrial Revolution

Paul Hobcraft

To do this, technology adoption and diffusion across the ecosystem needs to improve dramatically. “After a decade of flat productivity, the arrival of the Fourth Industrial Revolution (4IR) is expected to create up to $3.7 Innovation is one powerful catalyst ripe for leveraging in this 4th Industrial Revolution.

Industry 213
article thumbnail

Intrapreneurs

eZassi

Provide resources and support: Ensure your intrapreneur has access to the necessary resources to develop their ideas, such as funding, technology, and expertise. Foster a culture of innovation: Create a culture that values and rewards innovation. Innovation leads to growth and applies across many facets of a business.

article thumbnail

Understanding innovation's past leads to incredible insight

Jeffrey Phillips

Washington DC, formerly a very small, sleepy city, grew dramatically during the war, and the federal government grew in importance. Innovation during this time was focused on technology - especially weaponry. What emerges about innovation from this review of history?

article thumbnail

What is Innovation in Business and How Can it Build Business Longevity?

Qmarkets

3 Growth and Revenue According to a report by Accenture titled ‘Governing Innovation: The Recipe for Portfolio Growth’, 4 that surveyed 1,090 executives across 11 industries, “companies that govern innovation extensively over time expect stronger revenue growth”. How can Businesses Implement Innovation?

article thumbnail

Taking advantage of emergence for discovery

Paul Hobcraft

The new innovating world we face in the 21st Century. Her opening insight is in the twenty-first century we are all requiring more reliance on social technologies that are designed to allow the different technologies to emerge and be allowed to integrate, due to the diversity and diffusion of knowledge.