article thumbnail

How Google Has Changed Management, 10 Years After its IPO

Harvard Business Review

Staying true to its roots as an engineering-centric company, Google has stood out both for its early skepticism of the value of managers as well as for its novel, often quantitative approaches to management decisions. If you only read one piece, make it this one by David Garvin in 2013 , on how Google sold its engineers on management.

IPO 14
article thumbnail

Under Fire, Microfinance Faces Falling Out of Favor

Harvard Business Review

Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations. Such is the power of microfinance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Most Innovative Companies Have Long-Term Leadership

Harvard Business Review

The typical enterprise software startup that IPOs is at least 7 years old (to say nothing of those that try and fail). In the year before Google IPO’d, it did about $962 million in revenue. Had Microsoft owned Google’s search engine at the time, it would have been an tiny piece of the revenue pie.

article thumbnail

To Improve African Education, Focus on Technology

Harvard Business Review

Today’s model is using African diasporas where companies hire native Africans living abroad and then send them to the continent to expand their operations. With Facebook’s $115 billion market cap on its IPO day, Mark Zuckerberg created wealth nearly equivalent to half of Nigeria’s GDP in 2012. Education drives technology.

article thumbnail

Founding a Company Doesn’t Have to be a Big Career Risk

Harvard Business Review

After five years, in 2004, Tickle was profitable with more than $20 million in revenue; it received an acquisition offer for $100 million, as well as IPO entreaties. The most important way to mitigate risk is to become excellent at either engineering, product, selling, or operations and management.

Career 8
article thumbnail

Don’t Settle for Being an “-er Brand”

Harvard Business Review

When Microsoft introduced Bing, its assertion of offering a fast-er search engine than Google sealed Bing’s fate as an Internet service step-child. billion IPO valuation in 2013) can be attributed to its continued focus on that target. How – personality. Harley-Davidson, Trader Joe’s, and The Honest Co.

Brand 10
article thumbnail

A Story from Google Shows You Don’t Need Power to Drive Strategy

Harvard Business Review

Brian Fitzpatrick joined Google as a senior software engineer in 2005, shortly after the company’s IPO. He had no formal authority as a leader, operating without any title or mandate. Strategic leaders like Brian, who don’t hold positions of authority, operated in ways that were tailored to a less formal context.