Harvard Business Review

SEPTEMBER 27, 2013

In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies. The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others.

Innovation 8

Innovation Marketing Disruptive Innovation Discounted Cash Flow 8

Harvard Business Review

OCTOBER 24, 2016

Innovation has the potential to transform the investment industry. Yet the world’s largest funds are closed off from these innovations. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

JANUARY 26, 2012

An organization's capabilities become its disabilities when disruption is afoot." – Clayton Christensen, The Innovator's Solution. Graham argued that the proliferation of money combined with the decreasing costs to start a business were making the VC job more difficult, prophesying significant changes for the industry.

Disruptive Innovation 13

Disruptive Innovation Hedge Venture Capitalist Venture Funding 13

Harvard Business Review

NOVEMBER 17, 2016

He blamed the industry’s notorious low profitability on the “kamikaze pricing tactics of certain carriers” and vowed to not invest in this “death trap” sector again. The industry was indeed unprofitable for decades. ” Some of that profit is the result of innovative pricing models.

Airlines 8

Airlines Price Hedge Industry 8

Harvard Business Review

MARCH 1, 2018

How did we get here, and what does it mean for the industry? That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. The recent price swings highlight a new era of uncertainty gripping the world’s energy markets.

Offshoring 8

Offshoring Price Transportation Long-term 8

Harvard Business Review

OCTOBER 9, 2015

.” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy. The early activists were pension funds, but starting in the 1990’s some hedge funds adopted the strategy.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

JULY 14, 2017

Daniel Suarez’s novel Change Agent describes a near future in which synthetic biology has reshaped every industry. Singapore has overtaken Silicon Valley as the world’s innovation hub after FDA regulation prompts a brain drain from California. They reveal how fragile the status quo is, and how malleable the future can be.

Stephenson 12

Stephenson White Paper Real Estate Hedge 12

Harvard Business Review

JANUARY 23, 2012

Having pioneered the smartphone industry with its Blackberry, RIM is dangerously adrift. Part of the problem is that the industry is still moving at warp speed, and the company has dwindling resources to deploy against innumerable innovation challenges. Alas, during industry turmoil muddling through may be impossible.

Strategy 14

Strategy CEO Strategic Planning Consensus 14

Harvard Business Review

OCTOBER 19, 2012

Eight years ago I published a book, The Medici Effect , that examines how and why groundbreaking ideas occur at the intersection of different cultures, industries, and disciplines. Once the book had been written, I had to market it. Around the same time that my book came out, so did at least another 15 new books on innovation.

Succession 15

Succession Diversity Open-book Innovation 15

Harvard Business Review

OCTOBER 30, 2017

He radically transformed the company from a classic conglomerate that did everything to one that focused on its core industrial businesses. GE made a $4 billion bet on connecting industrial equipment through the internet of things and analytical software with a suite of products called Predix Cloud. Innovation at GE was on a roll.

Ries 8

Ries Long-term Short-term Price 8

Harvard Business Review

OCTOBER 18, 2016

Top management compensation packages guarantee a high level of pay, but are often only weakly linked to the performance of the firm relative to its industry competitors. Except that the performance that they’re rewarding is industry performance, not company performance. market capitalization ) and 500 additional public companies.

CEO 8

CEO Asset Management Cooper Incentives 8

Harvard Business Review

DECEMBER 17, 2013

While noting that this doesn’t seem to be the case with respect to the public — both the computer and internet industries poll favorably — she documents at length the rise of “tech hate” among journalists and other commentators, including HBR contributor Umair Haque: “Tech is something like the new Wall St.

Venture Funding 8

Venture Funding Entrepreneur CRM Hedge 8

Harvard Business Review

OCTOBER 20, 2011

Conversely, why market cigarettes? As the industrial revolution progressed, society was enjoying enormous benefits from mass production, which brought former luxuries within middle class reach. Just as electronic commerce would later sweep business, mass production came to one industry after another. Social media spending?

ROE 11

ROE Debt to Equity Ratio Innovation Incentives 11

Harvard Business Review

MAY 10, 2013

But such expectations are unrealistic in many industries. As noted management expert Geoffrey Moore told me with respect to high-velocity competition, "I''m not sure you ever want to be in the public markets." Its RAZR thin phone was a huge success in the mid-2000''s, and the market raved. Take Motorola, for instance.

Venture Capitalist 8

Venture Capitalist Restructuring Competitive Advantage Short-term 8

Harvard Business Review

MARCH 18, 2013

Success begets not only further success but also harder-to-meet market expectations. In terms of sales volume, product line diversity, operating system flexibility, R&D spending, and even customer loyalty , Samsung has emerged as a fierce competitor that has bested former industry champions like Nokia and Apple. Brand confidently.

Brand 8

Brand Customer Loyalty Hedge Wilde 8

Harvard Business Review

JULY 22, 2016

Network businesses have always been around, from matchmakers to real estate brokers, but it’s the move to digital platforms that has led to market-shaking effects. Instagram is an exciting marketing channel; GoPro’s account helps keep users engaged with the company and lets GoPro know how people use its products.

Real Estate 8

Real Estate Business Model Incubator Short-term 8

Harvard Business Review

APRIL 4, 2014

The index was constructed in the same fashion as other indexes that seek to isolate an industry sector (banking, biotech), geography (China), or size (large cap), for example. Further, Nike was ranked the #7 most innovative company by Fast Company in 2014 , and the 13 th most admired company by Forbes magazine.

Venture Capitalist 8

Venture Capitalist Fashion B2B Hedge 8

Harvard Business Review

MARCH 1, 2017

First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. But the solution to this innovation logjam has emerged: blockchain. After all, how do you cut cost from a business or market whose structure has fundamentally changed? Distributed Database.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

MARCH 24, 2017

The venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community — Initial Coin Offerings , or ICOs. And like any industry, the ICO arena has had its fair share of outright scams, pump and dumps, and blatant Ponzi schemes. Insight Center. Distributed Database.

Venture Capitalist 9

Venture Capitalist Due Diligence Finance Long-term 9

Harvard Business Review

FEBRUARY 26, 2013

The wealthy classes also sought stability over market-oriented efficiency and growth, not unlike Lord Grantham in the television show "Downton Abbey.". Just look at how long it has taken elite-dominated countries to industrialize even with mature technology and ready funding.

Class 8

Class Hedge Technology Maturity 8

Harvard Business Review

JUNE 3, 2011

There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. Financial markets are like that, Soros goes on. If a tanker consisted of one big tank of oil, the sloshing liquid would soon capsize the vessel, Soros explains.

Banking 13

Banking Crisis Letter Hedge 13

Harvard Business Review

JULY 21, 2011

With the first approach, companies seek significant mismatches between their existing organizational capabilities and the markets they serve. They ask: Where are opportunities to introduce something totally unexpected in a market we already serve, with an offering we can deliver tomorrow with little additional investment?

Supply Chain 12

Supply Chain Sample Hedge Engineering 12

Harvard Business Review

NOVEMBER 11, 2016

And the impacts of policies will be highly specific in nature, degree, and speed for each industry and company. In malleable environments, such as in newly created or disrupted markets, they will need to envision and realize new possibilities. Match Your Strategy to the Environment. Invest in Resilience. Modularity.

Strategy 8

Strategy Uncertainty Long-term Politics 8

Harvard Business Review

APRIL 26, 2017

The marketing, underwriting, and servicing of SME loans have largely taken a backseat. New digital entrants have spotted the market opportunity created by these dynamics, and the result is an explosion in online lending to SMEs from fintech startups. Other sectors of retail lending have not fared much better.

Banking 9

Banking Stage-Gate Credit Scoring Competitive Advantage 9

Harvard Business Review

JUNE 26, 2017

Those collisions, as research (mine and others’) shows , increase learning, collaboration, and ultimately innovation. They acquire huge customer bases and receive staggering market valuations while employing a relatively small number of people. Innovation in structural systems. Innovation in workplace systems.

Real Estate 8

Real Estate Technology Hedge Project 8

Harvard Business Review

OCTOBER 25, 2013

Aimee, a senior executive at a global financial services firm, had carefully cultivated her network of sponsors and supporters over 15 years, but recently, she watched helplessly as waves of market dislocation, structural reorganizations, and headcount reductions battered the industry and shredded her connections.

Mentor 8

Mentor Hedge Human Capital Career 8

Harvard Business Review

MAY 20, 2011

The idea that economists hedge their bets or disagree constantly with one another is a feature of the discipline. Put simply, the new coupon industry is following a path common to so many new markets, with a leader with initial success, a flurry of entrants (at last count some 400 competitors) and, finally, a big shakeout.

Retail 14

Retail Discount Hedge Airlines 14

Harvard Business Review

JULY 11, 2014

Jim,” as he is known to all, not only did pioneering work in mathematics; he also founded Renaissance Technologies, a hedge fund that relied on scientists to make predictions and trade in global markets. BONUS BITS Countering Intuition Has ''Disruptive Innovation'' Run Its Course?

Disruptive Innovation 8

Disruptive Innovation Hedge Brand Simon 8

Harvard Business Review

JANUARY 30, 2013

That opportunistic approach to financial markets has defined Amazon since it went public in 1997. 2, behind the late Steve Jobs, with an industry-adjusted shareholder return of 12,266% during his tenure. billion bond issue just before the debt-market meltdown of autumn 2008. In Morten T. How has Bezos done this?

Training 8

Training Bond Christensen Long-term 8

Harvard Business Review

MAY 12, 2011

Here's what I see when I look not just at the surface, but deep inside the heart of the economy today: Instead of an "energy industry," I see a resource addiction that saps money and preserves self-destructive expectations. I see, instead of food and education "industries," an obesity epidemic and a debt-driven education crisis.

GDP 18

GDP Hamel Industry Construction 18

Harvard Business Review

JANUARY 23, 2017

” People in industries as different as commercial real estate, pharma, biotech startups, hedge funds, and public school districts worried about how to transform a competitive, star-driven culture into a collaborative one when they had no power to juggle financial rewards and no influence over promotion decisions.

Payback Period 8

Payback Period How To Real Estate Hedge 8

Harvard Business Review

JANUARY 11, 2013

In school, being disruptive might get you sent to the principal's office, but in business, disruption is a proven path to success , describing innovations that take root at the low end of the market, or create a new market, and then eventually upend an industry. What do I need to do to get an A?".

Career 8

Career Learning-by-Doing Hedge Class 8

Harvard Business Review

JULY 18, 2016

It covers topics such as the optimal vesting schedule, the appropriate mix of stock vs. options vs. salary vs. pensions vs. bonuses, whether industry performance be filtered out and, if so, how (indexed options? Firms do market research consulting customers, but don’t put them on the board. indexed stock?

CEO 8

CEO Golden Parachute Politics Short-term 8

Harvard Business Review

SEPTEMBER 16, 2014

Well, maybe not quite as a cause : Drexler, the organization’s head of investors industries, takes pains to note that “we’re not trying to be the industry association for impact investors.” A lot of businesses have pursued social responsibility more out of their marketing departments or as some sort of charitable donation.

Insurance 8

Insurance Bond Hedge Bottom-up 8

Harvard Business Review

APRIL 2, 2014

You’d have this beta with the market, so you have the riskless rate plus beta times the equity premium. A mini-glossary: beta is the amount that an individual stock fluctuates relative to the overall stock market, and the equity premium is the difference in expected return between stocks and a “riskless” asset such as Treasury bonds.].

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

MARCH 23, 2015

We have a global audience that has an unending thirst for mobile content, and a sophisticated CRM database that allows us to be a state-of-the-art marketing operation. Sports has been very good for the cable industry. We’re working with unprecedented levels of data. I would actually argue that this is pretty far off base.

Price 8

Price Team Sports Franchising 8

Harvard Business Review

FEBRUARY 3, 2015

Make you more innovative. Your relationships are also the best way to change with your environment and industry, even if your formal role or assignment has not changed. Uzzi and another colleague, Jarrett Spiro, also discovered that this pattern held across sectors as disparate as the Broadway mu­sical industry and biotechnology.

How To 8

How To Diversity Letter Learning-by-Doing 8