Remove 2001 Remove Conference Remove Marketing Remove Operations
article thumbnail

How Share-Price Fixation Killed Enron

Harvard Business Review

In December, 2001, just prior to filing for bankruptcy, Enron Corporation had approximately $2 billion in cash and no debt coming due. In a keynote speech , he said Enron went bankrupt because of "decisions" made in October 2001. However, in situations where a firm must maintain access to capital markets (e.g.

Price 8
article thumbnail

How Companies Escape the Traps of the Past

Harvard Business Review

And yet without Box 2, organizations don’t truly transform; they persist in limiting ways of operating. Former GE boss Jack Welch was a master at using symbolic bets to coach GE to have the culture he wanted to achieve his strategic goals, to be #1 or 2 in every market they were in. So, how do you build Box 2 muscle?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business Review

So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. Everything is on the table,” Flannery said on a conference call to discuss quarterly earnings. During Immelt’s tenure, GE’s stock market value fell by about half. Increase operating margins to 18% (by cutting expenses).

Ries 8
article thumbnail

How Amazon Trained Its Investors to Behave

Harvard Business Review

In fact, Amazon was only operating at such a high burn rate because it could. By the fourth quarter of 2001 — that is, within about 21 months — it was turning a profit. That opportunistic approach to financial markets has defined Amazon since it went public in 1997. billion in bonds the year before).

article thumbnail

Case Study: Time for a Unified Campaign?

Harvard Business Review

A few electrical issues in the spa and conference center, but nothing to worry about.". Palma Cay is Alegre's newest flagship hotel, and I think I can make it work with lower prices to the key travel agencies, tour operators, and online portals. In fact, we barely have a marketing budget at the corporate level. I need help.".

article thumbnail

How Software Is Helping Big Companies Dominate

Harvard Business Review

“How long does it take for her to interact with a market that isn’t nearly monopolized?” have grown more concentrated in the past 20 years, meaning that the biggest firms in the industry are capturing a greater share of the market than they used to. The result is that large firms are gaining market share.