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.

CEO 180

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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.]. [Editor's Note: This is a guest post from Naga Siddharth.

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.”

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. Once mostly marketing, it’s now equal parts marketing, finance and analytics.

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. What this means for 2013 is that women have a huge opportunity to convert their connections into career advancement.

Complimentary Resource – Improving Business Operation Performance With Innovations

Strategy Driven

Arguably no technology is changing job functions within organizations more than analytics. Analytics tools give decision-makers the best possible intelligence about customers, finances, operations, suppliers, and the market. Improving Business Operation Performance With Innovations.

Top 10 Sales Trends for 2013

Harvard Business Review

What are the top business-to-business sales trends for 2013? 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. For 2013, it's not only what you say, but equally important, how you say it.

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 potential of new technology to fill the gaps in small business lending is high.

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.

The End of Banks as We Know Them?

Harvard Business Review

It is something I call community financing. There are many examples of Community Finance initiatives around the world, some large some small. This is one of the sharing risks schemes that characterize community finance. Finance Global business

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.

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.

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.

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

GDP 16

Could the Middle East Fuel the Solar Industry?

Harvard Business Review

Meanwhile, as targets are set to expand the installed capacity for solar electricity, many foresaw real difficulty in attracting capital to finance the projects that would yield those extra gigawatts. Today, financing is a critical barrier to solar projects worldwide.

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.

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 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.

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. Online marketing Strategy Technology

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.

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.

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

Film 12

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. DIG is responsible for emerging technology, collaboration methods and technology (e.g., IT management Information & technology

CIO 16

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.

CFO 16

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.

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.

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.

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.

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.

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.

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

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

CIO 12

Apple's iPhone Pricing Strategy: Good, Not Great

Harvard Business Review

As it always does, the company showcased a new and improved iPhone model — the 5S — which provides faster processing, a better camera, and James Bond-like fingerprint security technology. billion in iPhones in 2013 alone.

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.

IT Doesn't Matter (to CEOs)

Harvard Business Review

For a brief period, as they were being built into the infrastructure of commerce, all these technologies opened opportunities for forward-looking companies to gain real advantages. Nor do they understand the CIO''s role or, typically, the technologies that the company deploys.

CIO 16

Health Insurance Exchanges Fulfill Both Liberal and Conservative Goals

Harvard Business Review

Vital though near-term effectiveness is, the exchanges hold a longer-term potential—they can help reshape the organization, delivery, and financing of insurance. in the September 26, 2013 New England Journal of Medicine.).

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.

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.

Unify Your Global Company Through a Common Language

Harvard Business Review

The most talented individuals in industries such as technology and finance spoke English, either as a first or second language. out of a possible 990 in February 2013.

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.

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.