Harvard Business Review

MARCH 8, 2017

Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. Insight Center. Business in the Era of Blockchain. Sponsored by Accenture. This is critical.

Banking 20

Banking Media Decentralization Technology 20

Harvard Business Review

NOVEMBER 29, 2010

Here's what orthodox economics would have predicted for a country without banks: A collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP, and the gears of industry and commerce grinding to a crashing halt. — and you might begin to see how economists conceive of banking shutdowns.

Banking 15

Banking Crisis Merton Decentralization 15

Harvard Business Review

NOVEMBER 29, 2010

Umair Haque Blogs Umair Haque On: Global business , Competition , Economy The Irish Banking Crisis: A Parable 4:33 PM Monday November 29, 2010 | Comments () Email Tweet This Post to Facebook Share on LinkedIn Print Once upon a time, there was a country where bankers disappeared. And thats exactly the role that pubs began to play.

Banking 15

Banking Crisis Guidelines Merton 15

Harvard Business Review

APRIL 20, 2017

We also have a decentralized banking system, including more than 7,000 small banks , that provides loans to entrepreneurs. A decentralized political system in which states compete. The United States is perhaps unique among high-income nations in its degree of political decentralization.

Decentralization 15

Decentralization GDP Finance Incentives 15

Harvard Business Review

MARCH 6, 2017

Blockchain experts call this “decentralization.” ” Decentralization offers the promise of nearly friction-free cooperation between members of complex networks that can add value to each other by enabling collaboration without central authorities and middle men. The banking industry is filled with shared resources.

Supply Chain 13

Supply Chain Decentralization Banking Technology 13

Harvard Business Review

MAY 17, 2017

Every company’s cybersecurity program will have unique attributes, but there are several fundamentals to this decentralized architecture that can help companies shift the balance of power away from the attackers. Decentralized, intelligent systems can significantly decrease the risk of cyberattacks and minimize their damage.

System 8

System Decentralization Information Technology Banking 8

Harvard Business Review

NOVEMBER 7, 2018

In recent years, much has been written about how the Blockchain is poised to transform traditional industries such as banking, real estate, and healthcare. Just as with other such platforms or marketplaces that connect users, the value of the decentralized network is a function of the users who choose to transact using the given protocol.

Cost 8

Cost Decentralization Finance Entrepreneur 8

Harvard Business Review

MARCH 26, 2014

The hunger for regulation is also driven by a desire to see more banks get involved. Right now, finding a banking relationship can be quite difficult if you’re starting a company that deals with Bitcoin. Clarity is coming, and with it, likely, greater involvement from banks. In March of 2013, the department of the U.S.

Entrepreneur 8

Entrepreneur Decentralization Banking Compliance 8

Harvard Business Review

DECEMBER 8, 2016

They’d met at university, and although Derek had gone on to graduate school and a career in banking, while Rogier had joined his family construction business and then founded Contect, they’d never lost touch. But the decentralization debate was different. The two men went way back. Now Vera was getting worked up.

Case Study 8

Case Study Decentralization CFO Construction 8

Harvard Business Review

MARCH 16, 2017

On a website, in a nightclub, at an airport, or in front of a bank counter, everyone wants us to prove that we are who we say we are. MDLs are unalterable registers that allow groups of people to validate, record, and track transactions across a network of decentralized computer systems. “Who are you?”

Document 10

Document Decentralization Banking Insurance 10

Harvard Business Review

MARCH 2, 2017

Visa and MasterCard are both exploring uses for similar technology to improve the way they process payments, while Ripple is lowering the cost of transactions between banks and other financial institutions through its global settlement network. But the practical applications for blockchain technology go way beyond financial assets.

Finance 8

Finance Supply Chain Decentralization Maturity 8

Strategy Driven

DECEMBER 3, 2019

organizational structure (such decentralizing and aligning technology to business areas more effectively), and governance. He’s worked at the US Commerce Department, First Bank System, and Norwest Banks; was CTO of a real estate software firm; and led Wells Fargo servicing technology through the default crisis.

Agility 65

Agility Banking Supply Chain CTO 65

Harvard Business Review

MARCH 22, 2017

His vision is to decentralize the entertainment industry so that creative individuals can profit from the films, videos, games, and art they help to make. He expects decentralization to “realize a world that utilizes the greatest potential of every person.” ” LeBeau’s vision is not a pipedream.

Creativity 11

Creativity Film Decentralization Reputation 11

Harvard Business Review

MARCH 1, 2017

Money, equities, bonds, titles, deeds, contracts, and virtually all other kinds of assets can be moved and stored securely, privately, and from peer to peer, because trust is established not by powerful intermediaries like banks and governments, but by network consensus, cryptography, collaboration, and clever code. Insight Center.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

SEPTEMBER 5, 2016

Operating decisions are almost entirely decentralized. Nearly all of these practices run counter to conventional banking wisdom, which holds that to be efficient a bank must consolidate operational activities and centralize decision making on matters like pricing and lending.

Cost 8

Cost Bureaucracy GDP Management 8

Harvard Business Review

MAY 31, 2018

billion of India’s citizens to voting, banking, government assistance, healthcare, recordkeeping, and more. Manage people effectively through decentralized teams across organizations. Cross-sector partnerships thrive through a network of decentralized leaders and managers who operate independent programs or organizations.

Company 10

Company Decentralization Long-term Operations 10

Harvard Business Review

JULY 23, 2013

Because digitization has passed power to the consumer, pressing companies to pull together their old decentralized profit and loss fiefdoms to produce experiences consumers find compelling. Many more organizational structure changes are likely to come.

P&L 8

P&L Decentralization COO Restructuring 8

Harvard Business Review

APRIL 28, 2015

Consider those street vendors selling Econet airtime, or the small vendors who make up the agent network at the heart of Kenya’s most profitable bank, Equity Bank. They reflect a decentralized, de-institutionalized commercial structure that’s now clearly part of the US economy (think of food trucks or Uber).

Marketing 8

Marketing Career Decentralization Wireless 8

Harvard Business Review

OCTOBER 19, 2016

Banks have developed smartphone apps to enable instant deposits and other forms of self-service—both delighting customers and also allowing branch staff to concentrate less on routine transactions and more on providing the higher-touch personal services their best customers value.

Loyalty 8

Loyalty Decentralization Sample Banking 8

Harvard Business Review

MAY 17, 2017

One of today’s most celebrated examples of leapfrogging is the M-Pesa mobile payment system in Kenya and Tanzania, which lets people bank in their national currency using only their phones, leapfrogging traditional banking practices and creating a mobile banking revolution. The system currently serves a billion people.

Marketing 8

Marketing Technology Banking Efficiency 8

Harvard Business Review

AUGUST 28, 2018

Back in 2013, PayPal had acquired the parent company of Venmo, the mobile app that enables people to transfer money even without bank accounts. These intensive efforts were possible only because the company had first decentralized its operations and freed the groups from simply supporting the flagship product.

Productivity 8

Productivity Products Decentralization Resistance 8

Harvard Business Review

MARCH 22, 2016

However, overspending is often the result of decentralized and siloed decision making over the utility budget. Branches of PNC bank that were LEED-certified generated over $3,000,000 more in consumer deposit balance and over $900,000 more in loan balance per year than those that were not LEED-certified.

Company 8

Company Management CIO Energy 8

Harvard Business Review

JUNE 13, 2011

Its officials complain that due to decentralization, decisions are now in the hands of the SOEs' managers, who don't always follow Beijing's wishes. American and European companies, ranging from General Motors to Royal Bank of Scotland, have become state-owned in all but name because of government bailouts.

Globalization 12

Globalization Decentralization Politics Banking 12

Harvard Business Review

APRIL 10, 2012

Let banks charge much more than 5% interest, and they will lend to "prodigals and projectors," precipitating bubbles and crashes. How could decentralized trading move markets to equilibrium if there is only one good? He mentioned it only once in the book, while he repeatedly noted situations where "natural liberty" does not work.

Crisis 18

Crisis Decentralization Marketing Engineering 18

Harvard Business Review

JULY 6, 2011

Why did he choose to bail out the banks? The dismal truth is that pretty much all of yesterday's institutions — from banks, to "the corporation," to credit ratings, to schools — are just as broken as our political institutions are. So, what are you asking President Obama? Why not more stimulus? I'm asking him nothing.

Marketing 15

Marketing Loyalty Decentralization Politics 15

Harvard Business Review

JULY 24, 2013

For Commonwealth Bank of Australia, convergence involved bringing together operations and IT into a new unit, Enterprise Services (ES), headed by the CIO. These enterprises have decentralized management and diversified businesses. This approach brings all digitization investments together and places them under a single executive.

CIO 8

CIO Organization Committee CTO 8

Harvard Business Review

APRIL 18, 2014

In Hamel''s view, every company should be like the internet: decentralized, non-bureaucratic, flexible, and empowering. He slept on someone''s floor, got rejected when he tried to open a bank account, and finally landed a temporary job that requires a 43-minute commute. But he can see the appeal of it.

Charisma 8

Charisma Hamel Bureaucracy Meyer 8

Harvard Business Review

NOVEMBER 20, 2015

Of course, time is money, and in light of the long selling cycles, creative financing is often the name of the game: banks will sometimes step up to finance part of a firm contract with a large customer. In fact, advanced payments may be just the kind of proof that banks or equity investors need to open their pocket books.

Supply Chain 8

Supply Chain Collins Golden Handcuff Pharmaceuticals 8

Harvard Business Review

NOVEMBER 11, 2013

JP Morgan has been getting most of the headlines, but other banks are also investigation. Much of the advice out there is about simplifying things – delayering, decentralizing, streamlining product lines, creating stronger processes for ensuring alignment, and so on. It goes without saying that big companies are complex.

Management 8

Management Engineering Decentralization System 8

Harvard Business Review

DECEMBER 15, 2017

In one illustration of these difficulties, consider that India currently ranks 100 out of 190 countries in the World Bank’s Ease of Doing Business rankings, 22 places behind China, 39 places behind Indonesia, and just nine places above Papua New Guinea.

Strategy 8

Strategy Operations Policies Environment 8

Harvard Business Review

SEPTEMBER 16, 2015

In contrast, in 2010 in Borneo Churchill Mining lost the right to use land it had purchased and spent $40 million surveying when Indonesia decentralized its government and a local authority changed the rules. The case is now languishing in the World Bank’s investment dispute court.

Marketing 8

Marketing Company Compliance Reputation 8

Harvard Business Review

FEBRUARY 15, 2016

It’s very competitive, very decentralized. The obvious losers are producers and the banks. What’s significant is that we’re no longer a high-priced energy producer, we’re a medium-priced energy producer. We were high-priced just a year or two ago, but the fracking industry changed that. Who’s missing?

Price 8

Price Energy Constraint Marketing 8

Harvard Business Review

APRIL 16, 2018

When Sloan became president of GM in 1923, he put in place planning and strategy, measurements, and most importantly, the principles of decentralization.” In the spring of 1920 the company had to go to the banks and get an $80 million loan (about a billion dollars in 2018) to finance operations.

Transportation 8

Transportation Automotive Brand Engineering 8