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How to Know If a Spin-Off Will Succeed

Harvard Business Review

Conversely, the business may be an “unpolished diamond” that was neglected by its former management for too long and whose value is just waiting to be unlocked. The diverging fortunes of two recent spin-offs in the energy industry illustrate how financial markets value autonomy from the parent.

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To Grow, Social Enterprises Must Play by Business Rules

Harvard Business Review

Founding CEOs realize—or fail to realize—that their maniacal energy and personal devotion can only take their enterprises so far. They need new executive talent, infusions of capital, and systems capable of supporting an expanding organization. Normal business complexity sets in.