Harvard Business Review

OCTOBER 11, 2017

The job market does not account for all social value. On the other hand, some sectors involve “zero sum” endeavors, in which profits come at the expense of other market participants. Examples include excessive litigation or financial traders trying to beat the market. Some spillovers are quite large.

Policies 8

Policies Career Hedge Human Capital 8

Harvard Business Review

OCTOBER 14, 2013

I think he got the Nobel nod (instead of somebody like Andy Lo , or Mordechai Kurz , or Roman Frydman ) because he was (1) very early to the game, (2) a macroeconomist (the Nobel people generally seem more comfortable with macro than with finance), and (3) most suited to being shoehorned into a narrative of steady scientific progress.

CAPM 8

CAPM Finance Price Uncertainty 8

Harvard Business Review

JULY 5, 2018

Unlike a pure holding company or a modern hedge fund, the GE model intended to create value by actively sharing capabilities among its disparate businesses, which, with one important exception, were all rooted in manufacturing. It was developed by Japan and South Korea in the 1980s and is used widely by emerging markets from Brazil to India.

Welch 8

Welch Software Industry Hedge 8

Harvard Business Review

APRIL 26, 2017

The marketing, underwriting, and servicing of SME loans have largely taken a backseat. Recent analysis by Bain and SAP found that only 7% of bank credit products could be handled digitally from end to end. They estimate that online lenders will constitute nearly a fifth of the total SME lending market by then.

Banking 12

Banking Stage-Gate Credit Scoring Competitive Advantage 12

Harvard Business Review

APRIL 3, 2014

There’s a wonderful scene (one of many) in Michael Lewis’s new book, Flash Boys: A Wall Street Revolt , in which John Schwall, then the head of product management at RBC Capital Markets in New York, decides one day in 2011 to figure out how stock trading had evolved into a high-speed, unfair race he thought it had become.

Long-term 8

Long-term Open-book Marketing Hedge 8

Harvard Business Review

JANUARY 30, 2014

In after-hours trading, the company’s share price fell 9% — representing $44 billion in lost market value. 2012) to $385 (last April) — a difference of almost $300 billion in market capitalization — and back up to $555 before this latest earnings report. As I write this, on Thursday morning, the loss for the week is nearing 10%.

Price 8

Price Disruptive Innovation Uncertainty Marketing 8

Harvard Business Review

FEBRUARY 1, 2017

Here are three things that Western investors should want from African entrepreneurs: a focus on the top of the pyramid, control over factors of production, and innovation in distribution rather than in products. Factors of Production. Today his Nice Rice Mill processes 70% of the region’s rice production.

Microfinance 8

Microfinance Hotels Entrepreneur Incubator 8

Harvard Business Review

JANUARY 12, 2018

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. Companies in every industry can benefit from making more data and algorithm-based decisions in areas of internal operations and finance.

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

JULY 12, 2016

Ask someone to name the demands that activist hedge funds make of companies and they’ll likely list corporate governance issues like board changes and executive compensation, or perhaps some form of restructuring. In contrast, fair marketing and advertising of products are very important for companies in these sectors.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

DECEMBER 17, 2013

Perhaps most damning to entrepreneurs, inclined to pride themselves on what they produce, is the charge that many of the products Silicon Valley has been churning out are trivial. By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance.

Venture Funding 8

Venture Funding Entrepreneur CRM Hedge 8

Harvard Business Review

APRIL 18, 2016

LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. But although conventional due diligence for a deal involves deep market research and repeated rounds of interviews with founders and key customers, Correlation focuses on documentary information.

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

NOVEMBER 9, 2012

When last year's massive earthquake hit Japan, the effect on electronics production was severe, and it also resulted in extended business disruptions for many in the automotive industry. When Thai flooding created significant shortages in the hard disc drive market, manufacturers lost millions of dollars.

Supply Chain 9

Supply Chain Chief Procurement Officer Risk Management Management 9

Harvard Business Review

FEBRUARY 5, 2014

Investors who have significant money tied up in the fossil fuel industry — every pension and market fund, essentially — are facing a massive risk. But he also bragged about increased production of natural gas and oil. And while the new electrified vehicles market is growing fast, it’ll be many years until those technologies dominate.

NGO 10

NGO Energy Morale Price 10

Harvard Business Review

OCTOBER 3, 2011

Many companies face quarterly or even more immediate pressure from their shareholders (increasingly made up of hedge funds, program traders, and day traders) to deliver short-term performance. For corporations to make the required long-term investments in production, marketing, etc.,

Long-term 15

Long-term Company Short-term Hedge 15

Harvard Business Review

SEPTEMBER 16, 2014

Or you could participate in projects financed in part by conventional investors and in part by non-profits. Abigail Noble: The other thing that we’re seeing is from the customer side — that they want things that have social impact and environmental responsibility and products that serve those needs. They trust the governance.

Insurance 9

Insurance Bond Hedge Bottom-up 9

Harvard Business Review

DECEMBER 2, 2010

In the sense that financial markets and the economy in general are far more fragile than most mainstream economists contemplated before 2008, there was a bit of unlearning done in the 1990s and early 2000s. The 1987 stock market crash was a scare. None of them brought economic devastation in the U.S.

Decisionmaking 15

Decisionmaking Chaos Theory Hedge Marketing 15

Harvard Business Review

OCTOBER 11, 2013

When the well-known hedge fund manager and short-seller Jeremiah Hughes first put Terranola in the spotlight, issuing ominous warnings about unsold products, a looming patent expiration, and flawed growth projections, the considered judgment of the executive team was to do nothing. “I Terranola’s market cap skyrocketed to $8.1

Case Study 8

Case Study CFO Hedge PR 8

Harvard Business Review

JUNE 3, 2011

There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. Financial markets are like that, Soros goes on. If a tanker consisted of one big tank of oil, the sloshing liquid would soon capsize the vessel, Soros explains.

Banking 15

Banking Crisis Letter Hedge 15

Harvard Business Review

AUGUST 15, 2011

vision of financial world order; as Time magazine reported, he was "bursting with hubris over its booming equity markets and its just-announced 5.6% Mahathir stood his ground, not just at Davos but in the financial markets, by refusing the IMF's aid, reducing Malaysia's interest rates, and restricting currency trading.

Banking 12

Banking ROE Proposal Self-aware 12

Harvard Business Review

MAY 14, 2015

The company’s executives said that to help finance the plan, McDonald’s would increase refranchising (turning company-owned restaurants into franchises), take on more debt (even at the risk of lowering its bond rating ), and find $300 million to cut in general and administrative expenses. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

MARCH 24, 2017

Then, via price dynamics determined by market supply and demand, the value is settled on by the network of participants, rather than by a central authority or government. ICOs are the Wild West of financing — they sit in a grey zone where the U.S. Insight Center. Business in the Era of Blockchain.

Venture Capitalist 12

Venture Capitalist Due Diligence Finance Long-term 12

Harvard Business Review

MARCH 15, 2012

Update: Politico's Ben White did have a brief testimonial from hedge fund manager and Goldman client Whitney Tilson this morning.) This was largely a product of the firm's near-death experience after the 1929 crash. But something did change on Wall Street and at Goldman in particular over the past few decades.

Hedge 14

Hedge Long-term Banking Short-term 14

Harvard Business Review

OCTOBER 9, 2015

There are two stories you can tell about finance in America. ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. .” ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. eBay is a recent example.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

JANUARY 14, 2014

The hedge fund founded and run by billionaire Paul Singer just announced that it now owns 6.2% Its IPO in 1999 was a sensation ; by autumn 2000 its market capitalization topped $65 billion and the ratio of its stock price to the next year’s projected earnings was a staggering 483. It turned out to be a lower-than-anticipated sky.

Hedge 8

Hedge Chief Technology Officer Maturity IPO 8

Harvard Business Review

JANUARY 11, 2017

There’s urgency here because we believe the role of technology in the labor market will become more pronounced as artificial intelligence and machine learning affect white-collar jobs in much the same way that robotics has affected blue-collar jobs. trillion and $400 billion in capital and R&D expenditures, respectively.

Skills 8

Skills Engineering Telecommunications Incentives 8

Harvard Business Review

AUGUST 8, 2018

Agricultural cooperatives Land O’Lakes and Ocean Spray have become major players in dairy production and fruit farming, earning hundreds of millions in annual revenue. And some companies with employee majority-owned stock programs, such as Publix Super Markets and outerwear maker W.L. Already, U.S. Already, U.S.

ESOP 13

ESOP Company Cooper IAM 13

Harvard Business Review

OCTOBER 20, 2011

Conversely, why market cigarettes? As the industrial revolution progressed, society was enjoying enormous benefits from mass production, which brought former luxuries within middle class reach. Just as electronic commerce would later sweep business, mass production came to one industry after another. Social media spending?

ROE 13

ROE Debt to Equity Ratio Innovation Incentives 13

Harvard Business Review

FEBRUARY 8, 2018

This means that many emerging market risks get cut from the senior leadership agenda. They did not spend as much time thinking about local events that have implications for their emerging market operations. Top leaders tend to focus more on status updates than on contingency planning.

Market Risk 9

Market Risk Marketing Supply Chain Company 9

Harvard Business Review

FEBRUARY 12, 2018

Jana Partners, the activist hedge fund, isn’t known as a tree-hugging hippie sort of firm. Companies are beginning to realize that paying attention to the longer term, to the perceptions of their company, and to the social consequences of their products is good business. Ryan McVay/Getty Images.

CEO 11

CEO Short-term Long-term Aggregate Demand 11