Eric Schmidt on “Disruptive technologies”

First Friday Book Synopsis

In the first, Eric Schmidt explores the technologies likely to have the greatest disruptive impact on economies, business models, and people. McKinsey & Company has just launched a new series of video interview programs with high-tech experts. Later this month the McKinsey Global Institute will publish an assessment of the probable economic impact of disruptive […].

Could Your Next CEO Come from Any Department?

Modern Servant Leader

Do you value operations, maintenance, customer service , engineering, information technology , sales , finance, marketing , accounting – all departments, equally? How do you view each department in your organization? In Good to Great, Jim Collins explains the best CEOs are not external hires, but brought up through internal development. Therefore, your organization is best served by looking across the entire company for future leaders.

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The Top Challenges of Small Businesses

Six Disciplines

It’s one thing to get good at something when you can hone your skills through repetition; it’s a completely different challenge to get good and stay good when the rules of the game keep changing with regard to competition, customer expectations, globalization, people issues, finance, technology, etc. Even though small businesses collectively generate $5 trillion in sales in the U.S., the biggest challenge of an individual small business is “survival.”

The Top Challenges of Small Businesses

Six Disciplines

It’s one thing to get good at something when you can hone your skills through repetition; it’s a completely different challenge to get good and stay good when the rules of the game keep changing with regard to competition, customer expectations, globalization, people issues, finance, technology, etc. Even though small businesses collectively generate $5 trillion in sales in the U.S., the biggest challenge of an individual small business is “survival.”

HR Innovation is Best Achieved Internally

LDRLB

The book is available for free at www.HowManyTheBook.com Naga Siddharth heads HR for the Cloudnine group of hospitals in India and is a Human Technology Innovator according to him.]. Since the incentive paid was a fraction of the additional business achieved, finance didn’t have an issue either! [Editor's Note: This is a guest post from Naga Siddharth. He is the youngest Executive Coach to be endorsed by Dr. Marshall Goldsmith in India.

How Big Data Brings Marketing and Finance Together

Harvard Business Review

When Raja Rajamannar became CMO of MasterCard Worldwide in 2013, he moved quickly to transform how the credit card giant measures marketing. Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. Once mostly marketing, it’s now equal parts marketing, finance and analytics.

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Complimentary Resource – Best Practices for a BI and Analytics Strategy

Strategy Driven

A growing number of organizations are moving toward having more pervasive Business Intelligence (BI) by turning to evidence-based decision making supported by a range of BI and analytics technology and processes that enable decision makers to have the best possible intelligence about customers, finances, operations, suppliers, and the market. Best Practices for a BI and Analytics Strategy. by SAP.

Six Paradoxes Women Leaders Face in 2013

Harvard Business Review

Easing into the New Year, one big hope we have for 2013 is that women continue to bridge the gender gap in terms of pay equality and access to leadership positions. Yet, in order to clear a path for greater advancement and parity in 2013, we need to address the difficult paradoxes that women leaders continue to face — these are the mixed messages and uncomfortable realities that complicate an arguably positive picture of progress.

Top 10 Sales Trends for 2013

Harvard Business Review

What are the top business-to-business sales trends for 2013? More organizations will study their top salespeople in 2013 to understand how they formulate their winning account strategies based upon customer politics, evaluator psychology, and the human nature of executive decision makers that are unique to winning every account. Because of the economy and relentless competition, 2013 will be the year that many companies have to re-discover the lost art of win-loss analysis.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. The majority of small businesses rely on such loans, and in the fall of 2013 alone, 37% of small businesses applied for credit. The potential of new technology to fill the gaps in small business lending is high. Finance Small/medium business Technology

Will the Internet Destroy the Stock Market?

Harvard Business Review

We see this in nature (ant colonies, for example, only grow to a certain point before retreating), in the brain (neurons multiply exponentially in a child''s brain but shrink down to a fraction of their maximum level by adulthood), and in technological networks ( remember MySpace? ). While it has been around since the beginning of the stock market system, in the 21st century, it has been taken over by internet technologies and accelerated beyond recognition.

Disruptive Startups Get Funding More Easily, but Less of It

Harvard Business

A new product or technology sells better to all stakeholders if people can be persuaded that it will disrupt the status quo. They’ve spawned many unicorns, such as Waze (the driving navigation app acquired in 2013 by Google for $1.3 Gina Pricope/Getty Images.

If Crowdfunding is the New Day Trading, Look Out

Harvard Business Review

In an essay earlier this week on the evolution of money and finance, GigaOM founder and venture capitalist Om Malik argued that crowdfunding will be the new day trading, the latest financial innovation to “cut costs and [drive] wider participation in a previously closed and clubby market.” Entrepreneurship Finance Technology Paul Volcker famously said the only financial innovation to improve society in recent memory was the ATM. Not everyone agrees.

Accountants Will Save the World

Harvard Business Review

We will also convene a forum for CEOs and accountants to discuss and develop large-scale solutions for finance and reporting and are exploring the possibility of developing a world-class training program for CFOs on sustainability. Using Technology and Data for Social Impact. Corporate social responsibility Finance WBCSD WFP

Morning Advantage: The Most Important Stories of 2013

Harvard Business Review

All of which points to a 2013 that looks nothing like 2012. FINANCING THAT VACATION HOME IN VANUATU. How Google Plans to Find the UnGoogleable (Technology Review). While attention was focused on the rise of the Latino vote, Asians overtook Latin Americans as the fastest-growing immigrant group in the U.S, Foreign Policy reports in this intriguing list of the 10 most overlooked stories of 2012. Brazil became a net importer of people.

The End of Banks as We Know Them?

Harvard Business Review

It is something I call community financing. Community financing refers to a form of cash-flow that channels the financial resources of the savers of a community into the well-being of that community via economic activities, which members of the community believe should be undertaken and therefore willingly supports with their savings. There are many examples of Community Finance initiatives around the world, some large some small. Finance Global business

How to Start Thinking Like a Data Scientist

Harvard Business Review

In this case, bringing meeting notes to bear reveals that all five meetings were called by the Vice President of Finance. Information & technology Managing yourself Slowly but steadily, data are forcing their way into every nook and cranny of every industry, company, and job. Managers who aren’t data savvy, who can’t conduct basic analyses, interpret more complex ones, and interact with data scientists are already at a disadvantage.

The Problems With Incubators, and How to Solve Them

Harvard Business Review

Charles D''Agostino, executive director of the Louisiana Business & Technology Center at Louisiana State University, offers some analysis: "Incubators do work, but they must be more than a real estate entity offering executive suite services. Over 99% of companies should operate as organically grown, self-sustaining businesses — bootstrapped, without external financing. For them the goal is to achieve customer validation, not financing.

The End of Banks as We Know Them?

Harvard Business Review

It is something I call community financing. Community financing refers to a form of cash-flow that channels the financial resources of the savers of a community into the well-being of that community via economic activities, which members of the community believe should be undertaken and therefore willingly supports with their savings. There are many examples of Community Finance initiatives around the world, some large some small. Finance Global business

Crowdfunding’s Big-Bang Moment

Harvard Business Review

But those impressive numbers may be eclipsed by a revolution in venture financing that is only being held back by final government approval: start-ups raising actual investment funds from individuals in exchange for equity or a share of profits. Securities and Exchange Commission took a major step toward allowing crowdfunded equity financing. How big a deal is this “democratization” of finance? Crowdfunded equity financing has the potential to do that.

The Rise of the Mobile-Only User

Harvard Business Review

As Pew Internet reports : Young adults: 50 percent of teen smartphone owners, aged 12-17, say they use the internet mostly on their cell phone, according to a 2013 Pew Internet report on Teens and Technology. Internal data from some finance, healthcare, and travel providers show similar mobile-only usage. Online marketing Strategy Technology "They can just use their desktop computer to do that.".

China's Impending Slowdown Just Means It's Joining the Big Leagues

Harvard Business Review

If you''re a technological latecomer, you can grow fast by importing foreign technology, but once you''ve succeeded in that you have to start investing in and developing your own, which is a harder task. China Economy Finance China''s era of spectacular economic growth is coming to an end.

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Five Years After Lehman’s Collapse, Bankers Still Haven’t Confronted Their Biases

Harvard Business Review

Today’s super-fast technology cues traders’ fight-or-flight responses, leading them to make snap decisions that do not account for the probability of disastrous future events. Moreover, the complexity of modern markets and the detailed (often nonsensical) web of financial regulation have impersonalized finance so that reputation has become virtually irrelevant. Finance Recession In 2005, four dozen senior executives at Lehman Brothers took a decision-making course.

What Markets Do and Don’t Get About Innovation

Harvard Business Review

Without theory to tell us how the rules are changing, many tools of management and finance seem to break down. Desktop 3D printers are a classic new-market disruption: fundamental changes in technology allow much cheaper, more accessible, and worse performing products to become available to new customers. Disruptive innovation Finance In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies.

Analysts Want You to Innovate, Except When They Don’t

Harvard Business Review

Capturing the Innovation Mind-Set at Bally Technologies. Finance Innovation Investment analysts love innovation. They greatly admire companies that come up with breakthrough ideas and talk about them in glowing terms, boosting their market valuation. So in theory, at least, they want your company to innovate. In fact, they want you to innovate. The more innovations your team generates, the more the analysts will like your company and the higher its stock will climb.

How Corporate Venture Capital Helps Firms Explore New Territory

Harvard Business Review

Corporate R&D too often focuses on refining technologies that are already in use. Finance Innovation A good idea faces so many obstacles en route to market today that it''s a wonder we have any innovative products at all. You know those baby sea turtles that get eaten by birds and crabs on their way from the nest to the water? It''s like that.

How Corporate Venture Capital Helps Firms Explore New Territory

Harvard Business Review

Corporate R&D too often focuses on refining technologies that are already in use. Finance Innovation Insight Center_Innovation no-intromercial A good idea faces so many obstacles en route to market today that it’s a wonder we have any innovative products at all. You know those baby sea turtles that get eaten by birds and crabs on their way from the nest to the water? It’s like that.

Could the Middle East Fuel the Solar Industry?

Harvard Business Review

While there have long been voices supporting renewable energy in the Gulf, and solar generation projects elsewhere have now demonstrated their efficacy and reliability (reducing the technological risk), major projects have not been undertaken in the region — and those smaller ones that have contain little local content. Today, financing is a critical barrier to solar projects worldwide. Economy Finance Global business

Finally, a Good Idea from Congress (And It Helps Start-Ups)

Harvard Business Review

Congress has been the piñata in every poll lately, but recently presented bipartisan legislation — the Start-up Innovation Credit Act of 2013 (SICA) introduced by Senator Chris Coons (D-DE) — is proof that Capitol Hill has its share of good ideas. Supporting small incremental steps — the reality of innovation and technological change — are what the R&D tax credit is about.

Case Study: A Short-Seller Crashes the Party

Harvard Business Review

ExSolv claimed to have a technology for extracting oil from sand. Finance When the well-known hedge fund manager and short-seller Jeremiah Hughes first put Terranola in the spotlight, issuing ominous warnings about unsold products, a looming patent expiration, and flawed growth projections, the considered judgment of the executive team was to do nothing. “I

What Your Boss Really Wants from You

Harvard Business Review

I am fortunate enough to work with these people all the time across a span of industries and professions: finance, health care, education, energy, technology. It’s 1958, and Patricia Bays Haroski, a State Farm Insurance Company employee, wants people to formally recognize their boss on October 16th. Her goal? Improve the relationship between bosses and their direct reports. That date? She apparently picked it because it was her father’s birthday, and she thought he was a good boss.

IT Can No Longer Afford to Ignore Its Users

Harvard Business Review

The history of enterprise technology has been fairly unforgiving to the people intended to use it. For the past half-century, most information technology models propagated two unassailable truths: that enterprise technology was purchased by a select few , and the technology was bought for the company. As for the delight of the individuals using the technology itself? Bob in Finance simply didn’t bring his own mainframe to work. Information & technolog

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How to Compete When IT Is Abundant

Harvard Business Review

Carr predicted that an organization''s ability to compete through investing in information technology was about to change dramatically. The IT boom of the 1980s and early ''90s had brought information technology to the corporate masses, unleashing the first full-scale technology revolution in the enterprise. The original IT department was formed to centralize a unique expertise that could purchase, implement, and manage technology in the enterprise.

The Twelve Sales Metrics that Matter Most

Harvard Business Review

I recently conducted an extensive research project involving more than one-hundred vice presidents of sales at top technology companies (software, cloud, computer hardware, and telecommunications) to better understand the art and science of managing a sales organization today. Sixty-four percent of study participants have vertical sales specialists on their sales force (calling on verticals such as public sector, finance, healthcare, manufacturing, etc.).

You're Probably Wrong About Millennials

Harvard Business Review

The recession has forced millennials to develop this work ethic, with 44% of students who are working to help finance their education, reports Rutgers University. Managers benefit from learning about new trends and how to leverage the latest technology from Gen Y, who doesn''t know a world without computers. Managers routinely complain about their Gen Y employees as entitled, disloyal, and lazy — and as a result, conflicts arise.

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Yes, Managing IT Is Your Job

Harvard Business Review

Information Technology Changes the Way You Compete" was a trailblazing HBR article by Warren McFarlan back in the early 1980s. Their strategic use of information technology (IT) presaged the dot.com boom of the 1990s when the Internet made this kind of online ordering commonplace. Similar waves of innovative applications of technology (e.g., The only competitive advantage comes though agility, keeping ahead of the competition, moving on to the next technology wave.

A Board Director's Perspective on What IT Has to Get Right

Harvard Business Review

I''m often struck by how many articles exclusively focus on new or emerging technology and their productivity or efficiency effects. Every discussion on the role of IT and CIOs should start with the question: "What are the potential uses of this technology that will guarantee we stay in business?" DIG is responsible for emerging technology, collaboration methods and technology (e.g., IT management Information & technology

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Why Can't a CIO Be More Like a CFO?

Harvard Business Review

It''s time for CIOs to move beyond their roles as chief technology officers, and embrace the name with all of its implications: Chief Information Officer. At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. CIOs accountability, on the other hand, stops short of information stewardship and instead focuses only on technology stewardship, an intermediate step. IT management Information & technology

CTO 8

Just Adding a Chief Data Officer Isn’t Enough

Harvard Business Review

Chief Operating and Finance Officers side-step this issue given the broader power-base of their positions.). Technology The proliferation of C-suite roles is an indication of the increasing strategic and operational complexity organizations face. Heightened expectations of expertise are also part of the picture — for instance, GE’s recent transition from asking executives to focus on breadth to focus on depth.

Can Your C-Suite Handle Big Data?

Harvard Business Review

Our experience shows that companies can make a strong case for leading their data-analytics strategies centrally when there’s a strong company- wide set of data assets to exploit, or a potent functional group such as marketing or finance with strong talent that spearheads value creation. Information & technology Leadership Over the past 30 years, most companies have added new C-level roles in response to changing business environments.

How Companies Are Already Using AI

Harvard Business

For example, our survey, which asked managers of 13 functions, from sales and marketing to procurement and finance, to indicate whether their departments were using AI in 63 core areas, found AI was used most frequently in detecting and fending off computer security intrusions in the IT department. By the time he left Amazon in 2013, his group had grown from 35 to more than 1,000 people who used machine learning to make Amazon more operationally efficient and effective.

It’s a Good Thing You Waited Until Now to Found Your Start-up

Harvard Business Review

Cloud computing and other tech developments have drastically cut the cost of founding a company, says Stanford University finance professor Ilya Strebulaev. The new technologies have reduced the expense of building high-tech start-ups by a factor of 10 , a development that has opened up the start-up world to angel investors as never before.

The Growing Business of Marijuana

Harvard Business Review

Professionals from the banking, finance, investing, and accounting worlds. Technology, marketing, retail, HVAC, construction, and manufacturing pros. billion in 2013 – up about 15% from the year before, according to our 2013 Marijuana Business Factbook. Sandal-clad hippies in tie-dye shirts. Stoners so high they can barely put a sentence together. Foreign drug runners, gun-toting gangsters, and hardcore criminals.