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Complimentary Resource – Economist: Smart SMBs Fine-Tuning the Engines of Growth

Strategy Driven

To achieve growth, economies the world over rely on small businesses to create jobs, increase competition and spur innovation. In the latest forecasts from The Economist Intelligence Unit, global GDP growth for 2013 has been revised down to 3.1% – only slightly up on GDP growth for 2012 (2.9%). Consider leaving a comment!

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Stock Buybacks Aren’t Hurting Innovation

Harvard Business Review

These stock buybacks have come under criticism as a bad investment – the argument being that companies sitting on record amounts of cash ought to invest in innovation, salaries, or at least dividends, rather than pumping up their own stock price through buybacks. Not so fast. The two different types of research are complementary.

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How Competition Is Driving AI’s Rapid Adoption

Harvard Business Review

It finds that AI could (in aggregate and netting out competition effects and transition costs) deliver an additional $13 trillion to global GDP by 2030, averaging about 1.2% GDP growth a year across the period. The average effect on GDP depends on multiple factors. The modeling and simulation relies on two important features.

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Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

Yet there’s compelling evidence that bureaucracy creates a significant drag on productivity and organizational resilience and innovation. economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. million managers, first-line supervisors, and administrators in the American workforce in 2014.

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America's Innovation Shortfall and How We Can Solve It

Harvard Business Review

A vast ideological gap on macro-economic policy divides Washington and much of the nation, but there is almost universal agreement on one solution: innovation. Innovation is now perceived as a panacea for job creation, income generation, economic growth, dollar strength, and the revival of the U.S. as global hegemon.

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Interview with Sramana Mitra on 1M/1M Program

Rajesh Setty

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. I was looking for what you teach back in January 2007 and couldn’t find it anywhere.

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How Multinationals Can Adapt to a Political Mood That Doesn’t Care for Them at All

Harvard Business Review

This has spread advanced production techniques and management practices around the world, dramatically improving productivity. of GDP in 2007 to 3.3% They must now pay far more attention to innovation and politics. Finally, the chance that an investment will go wrong because of unexpected political events is increasing.