Harvard Business Review

JANUARY 12, 2018

Does a robot manage your money? Robo-advisors, which were introduced in 2008 , are steadily eating up market share from their human counterparts much the way that Amazon and Netflix have taken share from Walmart and Regal Cinemas. This would represent between 10% and 15% of total retail financial assets under management.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

DECEMBER 24, 2014

British fashion designer Zandra Rhodes has never been afraid to stand out. I managed my restaurant from my hospital bed, by writing the menus, for example. ” And she admits she “was not initially the best manager.” The big secret of management is to find what people do best, not to fit them into a mold.

Career 13

Career Learning-by-Doing Hedge Creativity 13

Harvard Business Review

APRIL 18, 2016

Remember Long-Term Capital Management ? LTCM’s model continued to predict that it was properly hedged against a potential Russian default; the insight that it actually needed — that it was under-hedged and exposed to liquidity risk — could only have come from outside of the model.

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

SEPTEMBER 26, 2011

Volatility has returned to global markets, and consumer and business confidence is once again slipping. In scores of conversations I've had with business leaders, pension fund trustees, asset managers, employer associations, and NGOs since I first issued this call in HBR , everyone has agreed with the goal.

Long-term 8

Long-term CEO Short-term McKinsey 8

Harvard Business Review

DECEMBER 19, 2011

Using inventory turns alone would suggest that Wal-Mart's inventory productivity improved dramatically, and would also suggest that by 2005, Wal-Mart was substantially better than Target at managing its inventory. On the other hand, adjusted inventory turns during the same period provides a statistical dead heat between the two.

Retail 13

Retail Marketing Benchmarking Fixed Assets 13

Harvard Business Review

APRIL 2, 2014

Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully. You’d have this beta with the market, so you have the riskless rate plus beta times the equity premium.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

AUGUST 11, 2011

When stock markets gyrate and growth prospects darken, it's tempting to rein in innovation programs and hoard cash. While businesses shouldn't react to economic uncertainty in knee-jerk fashion, the recent tumble in equity prices cannot be ignored. As it looked like the economic storm clouds were dissipating (ah, the good old days.)

Innovation 15

Innovation Fixed Costs Airlines Business Model 15