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Inequality Isn’t Just Due to Market Forces — It’s Caused by Decisions the Boss Makes, Too

Harvard Business Review

In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. However, any discussion of firms and wage inequality must not be limited to discussion of market forces. Related Video.

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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.

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Health Care Is an Investment, and the U.S. Should Start Treating It Like One

Harvard Business Review

Because patients regularly change insurers, any individual insurer has less incentive to commit to investing in an expensive, high-value treatment if the return on investment could end up accruing to a competitor. Similar approaches could be used to help finance high-value health care investments that otherwise would be unaffordable.

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Is Your Company Ready for the Rise of Smart Cities?

Harvard Business Review

Companies in multiple industries are already altering their approaches in changing urban markets. A wave of public and private investment worldwide is going into making cities smarter — but that doesn’t change the fact that most municipal governments are working with serious spending constraints.

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Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

Corporate incentives and culture may be even more important in explaining what changed on Wall Street in recent years, and by placing too much emphasis on quantitative ratios like leverage, we may be missing some other important parts of the problem. Ethics Finance Risk management'

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What Big Companies Can Learn from the Success of the Unicorns

Harvard Business Review

As of February 2016, the top 10 unicorns for market capitalization are: Uber, Xiaomi, Airbnb, Palantir, Meituan-Dianping, Snapchat, Didi Kuaidi, Flipkart, and SpaceX. Financed by VC firms. billion in a single round of equity financing, the largest private fundraising round for a VC-backed startup ever. Narrowly focused.

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Fixing the World's Infrastructure Problems

Harvard Business Review

Tackling maintenance backlogs, future-proofing infrastructure to cope with climate change, and meeting development goals such as access to clean water and all-weather roads to transport goods to markets would cost a great deal more. There is every incentive to be smarter about tackling our infrastructure problems.