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For Some Platforms, Network Effects Are No Match for Local Know-How

Harvard Business Review

On March 25 mighty Uber bowed out of Southeast Asia by selling its operation in several countries to local rival Grab. In 2016 the company sold its China operation to Didi Chuxing because of the fierce competitiveness of the local player. A year later, Uber admitted defeat in another region, selling its operation in Russia to Yandex.

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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

Successful UEs would be expected to become the next generation of local angel investors and venture capitalists. operations. Miami’s median income was 10 times that of most of the cities where Unamano operated. How can we hit 25 developing countries by 2020 if we get distracted by operations in the U.S.?

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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. And, of course, it would have to learn how to operate in India, a notoriously complex market.

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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.