article thumbnail

Why America Is Losing Its Entrepreneurial Edge

Harvard Business Review

As of 2013, the top ten banks had 70% of the market. In pharmaceuticals, the largest company, Pfizer, is the result of decades of mergers. This paper by the Richmond Fed shows how from 1960 to 2005, the U.S. Consolidation of the financial sector has led to similar dynamics in other industries.

article thumbnail

The Sequestration Cuts that Are Harming Health Care

Harvard Business Review

Between October 1 and 17, the federal government ceased all nonessential operations because of a partisan stalemate over Obamacare. noted the irony that because of sequester cuts, NIH funding was reduced for the research that resulted in Yale’s James Rothman sharing in the 2013 Nobel Prize for Medicine. Cuts to 2013 budget: $11.08

Insiders

Sign Up for our Newsletter

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

article thumbnail

The First Step to Fixing U.S. Manufacturing

Harvard Business Review

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. Policy can help through measures like capital access programs, business accelerators, or tax incentives.

article thumbnail

The 3 Things CEOs Worry About the Most

Harvard Business Review

Please note that titles used here reflect the positions the individuals held in 2013, when we conducted the interviews for a separate article ). Their concerns fell into three broad categories: talent, operating in a global marketplace, and regulation and legislation. Operating in a Global Marketplace.

CEO 8
article thumbnail

Four Mistakes to Avoid When Predicting Competitors’ Moves

Harvard Business Review

But for 2013 he was only about 15 percent on target. But his 2013 forecasts were certainly within the realm of the possible; they just failed to materialize this year. Far too often companies watch regulation on a national basis in their countries of operation, missing small regulatory changes occurring in a province or state.

article thumbnail

6 Reasons Marketing Is Moving In-House

Harvard Business Review

This continues a trend The Association of National Advertisers first reported in 2013. ” Another brand manager told me that many agencies are creating social spin-offs but they still operate like traditional ad agencies. But these companies aren’t getting rid of marketing – they’re just bringing it in-house.

article thumbnail

What to Know About Doing Business in Iran

Harvard Business Review

However, oil prices have dropped more than 60% since the interim nuclear deal in November 2013. And alongside the country’s bad debt (some estimates say it is $40 billion ), sanctions were commonly evaded through money laundering , which discouraged foreign banks from operating locally.