Creating a New Approach to Engineering and Innovation at Hitachi Metals - SPONSOR CONTENT FROM HITACHI METALS, LTD.

Harvard Business

As the new general manager of the Global Research & Innovative Technology Center (GRIT) at Hitachi Metals, Kenichi Inoue is tasked with creating an updated framework for research and development in advanced materials, helping his organization make the shift to a new approach to engineering and innovation in a disrupted world. But innovations in this area could be a launchpad for major business opportunities in new fields for the company.

Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

We tend to see situations in one of two ways: either events are certain and can, therefore, be managed by planning, investment, and reliable budgets; or they are uncertain, and we cannot manage them. Our instinct for determinism may well have been an evolutionary innovation. Probabilistic risk managers will think about the future of how they work.

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Private Equity Can Make Firms More Innovative

Harvard Business Review

And a recent working paper out of the Dusseldorf Institute for Competition Economics ( DICE ), a think tank of sorts, focuses on the latter by exploring whether leveraged buyouts (LBOs) make firms more innovative. PE investors don’t typically invest in firms known for innovation. Because of their relationships with banks, PE funds can get financing much cheaper than target companies could under their current management.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. In this view, poor performance is (mostly) caused by management failures — specifically, miscalculations of various sorts — rather than inherent flaws in the workings of the marketplace. Why did Jean Tirole win the Nobel Prize in Economics?

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. Businesses and management experts, in contrast, tend take the opposite position. In this view, poor performance is (mostly) caused by management failures — specifically, miscalculations of various sorts — rather than inherent flaws in the workings of the marketplace. Why did Jean Tirole win the Nobel Prize in Economics?

The Impact of the Blockchain Goes Beyond Financial Services

Harvard Business

In the early days of the web, many management thinkers, present company included, speculated that the internet would reduce companies’ internal and external transaction costs, especially the cost of search, coordination, and communication. Autonomous agents (bundles of smart contracts acting like rich applications) on the blockchain hold the promise of eliminating agency and coordinating costs, and can perhaps even lead to highly distributed enterprises with little or no management.

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How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business

This in turn boosted development by allowing relatively poor farmers to reliably send and receive payments at affordable rates, fostering economic growth by lowering transaction costs. Even better, blockchains can spur local high-tech innovation. Global trade, with local regulation facilitated by technology, works because technology makes the transaction costs manageable. The future is global, and so is blockchain innovation.