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Preview Thursday: Benefit Corporation Law and Governance: Pursuing Profit with Purpose

Lead Change Blog

I spent almost 30 years as a lawyer in private practice, advising business leaders on Delaware corporate law issues – addressing matters like preferred stock financings, IPOs, mergers, hostile takeovers, proxy contests, corporate governance and fiduciary issues. But then something happened to change my view of the shareholder primacy model.

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Thoughts That Make You Go Hmmm … on “Good Company”

The Practical Leader

participation in decision making and autonomy, along with supervisory career support (information, advice, and encouragement). “ Structural cohesion is an employee-generated synergy — essentially a close-knit, high-energy culture — that propels the company forward.”

Company 53
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Great Businesses Don't Start With a Plan

Harvard Business Review

One of our most striking findings was that of the entrepreneurs we surveyed who had a successful exit (that is, an IPO or sale to another firm), about 70% did NOT start with a business plan. Many start-up plans emphasize some gigantic potential market and how getting just the smallest sliver of it will make them and investors rich.

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The Best Platforms Are More than Matchmakers

Harvard Business Review

True platform innovators aren’t just market matchmakers using data-driven algorithms to drive better buyer-seller matches; they invest in new value creation. In platform markets, cultivating user capability becomes as strategically important as reducing transaction costs. What really makes them work? Sponsored by Accenture.

IPO 8
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Can Your Company Survive a Bubble?

Harvard Business Review

My sense is that any company that finances itself this way is a fraud, so the best advice for executives is probably turn yourselves in. It's okay for you if asset prices stop rising, but if they fall dramatically — or if the market for them simply stops functioning — you're in big trouble. The speculative bubble.

Company 14
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What BMW’s Corporate VC Offers That Regular Investors Can’t

Harvard Business Review

Talented founders know that corporations simply cannot replicate the deep experience private VCs have in starting companies, nor their expertise in assisting startups with complex challenges such as deal making, business modeling, resolving disputes among founders, executing a successful IPO, and so on. Creating the Venture Client Model.

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Become Your Own Best Gatekeeper

Harvard Business Review

And I recall well, at the start of my career, how flattered I felt to be asked for a meeting or some advice — thrilled to be looked at as enough of an expert to be of help. Impressed, when I got free tickets to a marketing conference where I was speaking, I offered her the pass (she accepted and attended).