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Managing in an Age of Winner-Take-All

Harvard Business Review

The advent of the modern organization and the practice of management constitutes a “social technology” that has been equally transformative. Tumbling transaction costs are altering the economics of organizations and, at a stroke, invalidating old business models.

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Yes, Short-Termism Really Is a Problem

Harvard Business Review

Thirty years ago, no less a business guru than Peter Drucker weighed in, skewering short-termism in a Wall Street Journal editorial. That leads to a logical implication that if we create rules that lock individuals into their investments, we would hurt the overall performance of the capital markets. But that is far from true.

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