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How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

With its Emerging Businesses (EB) group (where one of us serves as President), Merck started a journey about three years ago with a core investment thesis: there are areas of growing unmet need in health care that intersect with its established competencies.

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Should Higher Education Be Free?

Harvard Business Review

Since 1980, we''ve seen a 400% increase in the cost of higher education, after adjustment for inflation — a higher cost escalation than any other industry, even health care. In a recent interview , Laszlo Bock, SVP of people operations at Google, said, "One of the things we''ve seen from all our data crunching is that G.P.A.''s

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Case Study: Should an Emerging-Market Incubator Help U.S. Businesses?

Harvard Business Review

They’d bonded over their Miami roots and their desire to make a difference in the world, and soon they began developing Helena’s idea into a fully fledged organization. Successful UEs would be expected to become the next generation of local angel investors and venture capitalists. operations.

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Big Companies Can Unleash Innovation, Rather than Shackle It

Harvard Business Review

Here's why: the innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation to unleashing it. The effort also positions Medtronic to dramatically expand in those markets as it develops new technologies that lower costs. (

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18 of the Top 20 Tech Companies Are in the Western U.S. and Eastern China. Can Anywhere Else Catch Up?

Harvard Business Review

But as the digital revolution continues to spark widespread disruption in other industries — automotive, financial services, health care, and retail — who will win? In many cases, as with Skype, the size of the European operation shrank after the acquisition.