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StrategyDriven Editorial Perspective – Panic of 1907 vs Great Recession of 2008

Strategy Driven

This year, 2013, marks the 100th anniversary of the Federal Reserve System, and central bankers are taking a historical perspective. He went on to describe the similarities between the banking crisis of 1907 – the one that inspired the formation of the Federal Reserve – and the more recent 2008 financial crisis.

Banking 50
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What GE’s Board Could Have Done Differently

Harvard Business Review

in 2013 to 3.7 The Board Had No Finance Committee. GE’s board had another major structural defect: It lacked a finance committee. If the GE board had had a finance committee, the board might have done a better job of overseeing the design and funding of its retirement plans. The board has since transformed.

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Africa’s Unique Opportunity to Promote Inclusive Growth

Harvard Business Review

But with robust growth rates and economies unburdened by legacy structures of the last century, Africans can innovate beyond what others are doing. The African Development Bank (AfDB) is the most visible organization tasked with shepherding that inclusive innovative growth. Innovating away from past exclusion.

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What Investors Need to Know About Zimbabwe After Mugabe

Harvard Business Review

Tobacco production, the country’s main foreign exchange earner, slumped dramatically between 2000 and 2008.) After Mugabe claimed victory in a disputed election in 2013, however, corruption increased , while the strengthening U.S. Mnangagwa’s first actions in office underscore how important he views economic recovery.

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Scaling Up is a Problem of Both More and Less

Harvard Business Review

My colleague Andy Hargadon noted this when he did an ethnography of the renowned innovation firm IDEO in the 1990s. Sales doubled in 2013. And after withering down to 40 employees during the 2008 housing crisis, the company now has 175 employees. Until 2013, the rocks were reevaluated every 90 days.

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60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

Cross-border flows of digitally transmitted data have grown manifold, accounting for more than one-third of the increase in global GDP in 2014, even as the free-flow of goods and services and cross-border capital have ebbed in the aftermath of the 2008 recession. In 2013 85% of the world’s transactions were in cash.

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Why Those Guys Won the Economics Nobels

Harvard Business Review

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. And that’s what these guys [the 2013 Nobel winners] did.

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