article thumbnail

A Promising Year for Technology and Innovation

Harvard Business Review

In many ways, the biggest business developments of 2010 were the things that didn't happen. Banks with cash didn't lend it. Europeans were paralyzed by debt crises and transportation shutdowns caused by volcanic ash and disgruntled workers. Big companies with cash didn't spend it.

article thumbnail

The Hidden Costs of Cash

Harvard Business Review

The unbanked pay four times more in fees to access their money than those with bank accounts, and they pay $4 higher fees per month for cash access on average than those with formal financial services. It can be difficult to transport and is inherently insecure. By FDIC estimates, 8.2% households are unbanked and 20.1%

Cost 8
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 Ways Big Cities Think About Large-Scale Change

Harvard Business Review

In 2010, Living Cities, a long-standing collaborative of 22 of the world’s leading foundations and financial institutions, created the Integration Initiative to accelerate the pace of change in U.S. Change on a grand scale requires people to come together in new and different ways, and to reimagine what’s possible.

article thumbnail

The Fallacy of the "China Defense"

Harvard Business Review

And it's just the latest in a series of Chinese commitments, which include the following: July 2010: 5 trillion yuan , or $800 billion, alternative energy plan over 10 years (this is like the part of the U.S. According to the bank HSBC, the clean economy will be a multi-trillion dollar market soon.

GDP 8
article thumbnail

How Domino’s Pizza Reinvented Itself

Harvard Business Review

Instead, you can rethink what it means to be in the retail-banking business, or the industrial-distribution business, or the office-cleaning business. Doyle became CEO in 2010, after some troubled years , when the company’s growth was slow and its stock price was stuck, a lame $8.76

CEO 8
article thumbnail

The Challenges Facing E-Commerce Start-ups in Africa

Harvard Business Review

In 2010, my company created an app store. Because nearly all e-commerce firms are formalized for access to the banking system, they pay taxes. The typical strategy is to introduce new companies by recreating foreign business models on the continent. But for e-commerce start-ups, it’s not that easy. Look at my own experience.

article thumbnail

Warren Buffett Is Betting the Airline Oligopoly Is Here to Stay

Harvard Business Review

Industry observers have noted that since 2010, “The airline industry is profitable again — really profitable.” commercial banking industry. Berkshire Hathaway’s latest 13F filings and other news releases show that Buffett invested at least $1.2 billion in the four largest U.S. What could have changed his mind?