Harvard Business

MAY 17, 2017

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. Educational records, business histories, health care information, and credit ratings could all be made usable the world over, helping those who want to trade or travel to prove their credentials.

Banking 30

Banking Decentralization Marketing Credit Scoring 30

Harvard Business Review

JANUARY 17, 2012

This pattern of abstracting further and further away from "real" things and "real" value has continued to the present day, giving us credit cards and collateralized debt obligations (not to mention casino chips). The Ming note is printed with the statement that it is "To Circulate for Ever" — quite a vote of confidence from the treasury, and presumably one necessary for such an innovative approach to payment and livelihood.

Credit Rating 16

Credit Rating System Banking Crisis 16

Harvard Business Review

NOVEMBER 6, 2014

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S. Why did Jean Tirole win the Nobel Prize in Economics?

Porter 12

Porter Crisis Marketing Credit Rating 12

Harvard Business Review

NOVEMBER 6, 2014

In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. To begin with, quite a few parts of it are heavily concentrated at a global level (the credit ratings business, for example, or global investment banking), and many more at the national level (just six financial institutions account for 46% of all U.S. Why did Jean Tirole win the Nobel Prize in Economics?

Porter 12

Porter Crisis Marketing Credit Rating 12

Harvard Business

DECEMBER 6, 2016

Only then might we achieve what Price has called “the principle of health care that Americans hold dear: accessibility, affordability, choices, innovation, quality, and responsiveness.” In fact, the vast majority (95%) of MSSP ACOs are still operating in a largely fee-for-service payment model, working for bonuses for lowering costs, but assuming no downside risk. That means more aggressively reducing fee-for-service reimbursement rates relative to value-based payments.

Health Care 47

Health Care System Insurance Restructuring 47