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Beware of Innovations from Daily-Deal Sites

Harvard Business Review

The daily deal industry, still dominated by Groupon, is in the midst of rapid-fire innovation, presenting new opportunities — and some significant risks — for merchants. But merchants should be cautious and skeptical about these innovations. And often steep ones at that. Dholakia is the William S.

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Today's Innovation Can Rise from Yesterday's Failure

Harvard Business Review

a Boston-based innovation management collaborative. We use this simple framework to determine the success of an innovative effort. In other words, successful innovation requires motive, means, and opportunity. Innovation efforts fail anytime they fail to deliver on all three of these domains strongly enough.

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The Real Reason Uber Is Giving Up in China

Harvard Business Review

New users were attracted to the platform by large discounts on their first trip, often equivalent to the full cost of the ride. There’s also a saying in China: “The nail that sticks up is the nail that gets hammered down.” Similarly, drivers were encouraged to join the service. ” Here is the takeaway.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

So do not be discouraged to learn that we start with something called the stochastic discount factor , which Campbell describes as the central idea of modern asset-pricing theory. Many lay readers are familiar with John Burr Williams and the dividend discount model , or the discounted value of future cash flows.

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