Intel's new CEO pushes innovation

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Tuesday, June 18, 2013

Intel's CEO Brian Krzanich is encouraging the company to bring products to market quickly and then update them.

“He wants to see Intel move faster. That’s very clear,” Justin Rattner, the company’s chief technology officer, said today. “We’ve been legitimately accused of trying to get everything perfect before it comes to market.”

Rattner, who spoke at the Bloomberg Next Big Thing Summit in Half Moon Bay, California, said that the company is going to respond to a mobile market where products are introduced then rapidly updated. Intel has struggled to translate its dominance of personal computer processors into a foothold in tablets and smartphones.

Read more at Bloomberg.

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

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That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

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