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What Spinning Off a GE Business Taught Me About Managing Ultra-Fast Change

Harvard Business Review

So four years ago, when I was CEO of GE Capital Retail Finance and tapped to lead a mega change initiative — splitting off our unit into a new, publicly traded company, Synchrony Financial — I’ll admit I viewed it as a huge challenge. We have hired more than 5,000 new employees since beginning the effort in late 2013.)

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Midsized Firms Can’t Afford Bad Bets

Harvard Business Review

The malfunction caused major delays shipping toys to retailers. Not surprisingly, many of those retailers refused to pay when the toys finally did arrive, too late for the holiday season. Then it cut general and administrative expenses and sales staff to contain operating losses.

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The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five

Harvard Business Review

It’s far from the only case of a failure to embrace a more digital approach; the larger shift to digital is changing the way every industry operates. Its recent launch of Marcus , an online retail bank, is a particularly promising signal. Some industries, like photography and media, were impacted earlier.

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What Platforms Do Differently than Traditional Businesses

Harvard Business Review

They operate platforms that make it easy and efficient for participants to connect and exchange value. And then many other companies that have IPO’d in the last decade, like Visa, which connects cardholders and merchants, and Facebook, which connects friends, advertisers, and developers.

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Enabling the Natural Act of Entrepreneurship

Harvard Business Review

I met Slovenian entrepreneur, Sandi Cesko, in 2007 when his Ljubljana -based multi-channel retail operation, Studio Moderna , had about $70 million in sales. For example, it is nearly impossible for scaling ventures in many countries, including Brazil and Denmark, to count on an IPO for a successful exit. Even better.

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60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

India, with its 462 million internet users , has a digital economy representing arguably the greatest market potential for global players ; however, it operates in multiple languages and multiple infrastructure challenges, despite the government having taken sweeping actions that affect the digital market.

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Disruptive Trends to Watch in 2013

Harvard Business Review

The enterprise was a hotspot of disruption, with WorkDay having one of the most successful IPOs of 2012, Square establishing itself as a clear leader in the race to develop disruptive payments solution, and Kiva Systems' $775 million acquisition by Amazon.com validating its disruptive warehousing solution. 3-D printing.

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