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What Markets Do and Don’t Get About Innovation

Harvard Business Review

In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies. The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business Review

In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). oil production, up from a mere 10% just seven years ago in 2011. hbr staff/bettmann/Getty Images. Analysts have predicted that U.S.

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Should Tim Cook Care About a 10% Stock Drop?

Harvard Business Review

Shiller and his allies posit that this excess volatility is the product of investor error, herd behavior, feedback loops and the like. (My Fama and his allies say nobody knows if the volatility is “excess,” and describe it as the product of something they call “time-varying expected returns.” Apple Disruptive innovation Finance'

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Universities Are Missing Out on an Explosive Growth Sector: Their Own

Harvard Business Review

Many universities manage billions in research funding, but there is usually no R&D budget for their own product, namely delivering education to willing buyers. Those administrators in the position to understand the imperative to innovate don’t actually have control over purse strings. It’s a game of responsibility hot potato.

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If Ford Wants to Beat Tesla, It Needs to Go All In

Harvard Business Review

Companies have traditionally gone the self-disruption route when they’ve wanted to develop products that their existing customers would value in the future. They can’t hedge, like Ford is doing. We didn’t want to overlay them with the Ford bureaucracy.

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Is Economics Ready for a New Model?

Harvard Business Review

and Europe, though (and Japan's long struggles were seen as the product of peculiarly Japanese economic traits). The conviction spread that, thanks in part to financial innovation, the world's developed economies had become more resilient even as financial markets became more volatile. In recent years J.

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Parting Ways with Public Trading

Harvard Business Review

The next few product launches were not nearly as successful and Ed Zander , a CEO who came in during the successful period, was unable to come up with any more hits. He plans to make significant R&D investments, hire lots of sales people to approach enterprise customers, expand in emerging markets and develop entirely new product categories.