Harvard Business Review

DECEMBER 8, 2010

Perhaps the most basic economic institution is GDP. And unfortunately, it's also one of the most in need of radical institutional innovation. When GDP's updated to reflect environmental costs, so must be corporate income statements — otherwise, the math simply won't work. But to the newcomers, let me explain what I mean.

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GDP Hypercompetition IPO Information 16

Harvard Business Review

AUGUST 23, 2011

In the second quarter of 2011, China's Gross Domestic Product (GDP) growth slowed to 9.5%. From the vantage point of many in the United States, where optimistic estimates of GDP growth continue to be cut and now hover around 2%, it seems that the Chinese "problem" is a nice one to have. That was down from 9.7%

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GDP Christensen Disruptive Innovation Business Model 13

Harvard Business Review

AUGUST 5, 2015

In most countries, both developed and developing, private employment and median family income have stopped growing at the same pace as labor productivity and real GDP per capita—mostly due, they argue, to technological advances. So what are we to do? Learn from the countries that are bucking the trend.

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GDP Porter Education Globalization 8

Harvard Business Review

OCTOBER 29, 2012

While military use is driving much of this innovation now, like so many military innovations — from the wristwatch to the Internet — we can expect robots to reshape our lives, and our businesses, in the future. Third, make sure the teams working on the project have incentives that are aligned with the project's goals.

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GDP McKinsey Budgeting Bottom-up 8

Harvard Business Review

SEPTEMBER 17, 2018

For our research , we looked at 71 emerging economies and identified 18 that achieved rapid and consistent GDP growth over the past 50 and 20 years. While our research found that firm-level innovation is high, we also note that policy plays an important role.

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Depreciation Long-term Short-term GDP 8

Harvard Business Review

APRIL 11, 2013

of GDP (PDF) is necessary to raise infrastructure in the region to the standard of developed East Asian countries. Just to keep pace with anticipated global GDP growth, the world needs to spend $57 trillion , or on average $3.2 The UN Economic Commission for Latin America and the Caribbean estimates that investment equivalent to 7.9%

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Transportation GDP Globalization Finance 8

Harvard Business Review

JANUARY 18, 2016

The prospect of urban innovation excites the imagination. The messy truth is that cities are not the same, and even the most innovative approach can never achieve universal impact. The opportunities to innovate will differ greatly by segment. Yelp, Zillow, and Trip Advisor are examples of innovations in this context.

Real Estate 8

Real Estate Entrepreneur Finance Innovation 8

Harvard Business Review

FEBRUARY 16, 2011

Incentives shape human behavior — and overcounting benefits and undercounting costs is a surefire way to blunt our incentives to innovate, to take on ambitious goals, and create real value. Innovation atrophy. Corporations would fail at innovating, creating, and engaging. Let's call it Enronia, for short.

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Incentives GDP Hypercompetition Self-aware 15

Harvard Business Review

NOVEMBER 30, 2017

A few outlier industries (notably pharmaceuticals, medical devices, and computers) prop up the sector’s aggregate performance; most others have experienced flat growth or outright declines in real GDP over the past two decades. Policy can help through measures like capital access programs, business accelerators, or tax incentives.

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Supply Chain McKinsey Incentives Bottom-up 8

Harvard Business Review

JULY 27, 2011

No sooner had Beijing's flame died than the global financial crisis took British debt levels above 60% of GDP, excluding public intervention in failing banks. Rather than panic, London's leaders have been both innovative and fearless in finding ways to "make more from less." Challenge your team to align and share goals.

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Supply Chain Tourism Banking Budgeting 10

Harvard Business Review

MARCH 7, 2011

Editor's note: This post is part of a three-week series examining innovation in health care, published in partnership with the Advanced Leadership Initiative at Harvard University. By December of 2010, 40 million people were enrolled in it, and the country is on track to achieving the goal of universal coverage this year.

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Health Care Insurance GDP System 15

Harvard Business Review

NOVEMBER 21, 2011

You might well be surprised at both the mass of empirical data they gather and, on occasion, the innovativeness of a study's conception and underlying ideas. A strong finding is that knowledge networks, like many other forms of interaction, need care and attentiveness and goals for their success.

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NGO Bottom-up Report GDP 13

Harvard Business Review

FEBRUARY 17, 2012

In South Asia and sub-Saharan Africa, another long-term study found that "more equal education between men and women could have led to nearly 1 percent higher annual per capita GDP growth" in each country. A study found that 18% of school age girls in Rwanda, for instance, miss school because menstrual pads are too expensive.

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Franchising CEO GDP Entrepreneur 13

Harvard Business Review

JUNE 23, 2014

Lloyd Blankfein recently told a TV audience that income inequality is “very destabilizing” and that “too much of the GDP over the last generation has gone to too few of the people.” Begin with an obvious but often overlooked truth: labor and management don’t have diametrically opposed goals. Rising inequality reflects two trends.

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Management Business Model Class GDP 8

Harvard Business Review

AUGUST 24, 2012

If you want to remain relevant and advance your career in today's global marketplace, you need to serve as an enabler of business growth and innovation. trillion — more than the GDP of most countries. Being generous enough to share your career goals and aspirations gives you a larger sense of purpose in your own career.

Career 15

Career GDP Crisis Long-term 15

Harvard Business Review

MARCH 7, 2012

The evidence indicates that the United States is losing its ability to attract and expand the operations of multinationals and their significant contributions to productivity growth, innovation, and high-wage employment. GDP while undertaking 40.9% Multinationals' shares of employment, capital investment, and output in the U.S.

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Globalization Rivkin Supply Chain Trends 9

Harvard Business Review

SEPTEMBER 13, 2017

The industry makes up approximately 6% of Brazil’s GDP. Deforestation causes up to 10% of global GHG emissions (trees store carbon, which reduces GHG emissions, and release carbon when they are cut or burned), and reducing deforestation is one of the cheaper and easier ways to tackle global climate change goals.

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Supply Chain Net Present Value Retail Cost of Capital 8

Harvard Business Review

DECEMBER 1, 2015

has committed to reducing its greenhouse gas emissions by 26% (to 28% below its 2005 level) by 2025, the EU will cut emissions 40% by 2030 compared to 1990, and China will hit peak emissions by 2030 (or earlier), lower its emissions per unit of GDP by 65%, and increase use of renewables to 20% of energy consumption. For example, the U.S.

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Conference Supply Chain Commitment Energy 8

Harvard Business Review

NOVEMBER 8, 2013

When the Chinese Communist Party’s central committee wraps up the Third Plenum on November 12, 2014, a shift from efficiency to innovation will likely be one of the major planks in its vision for China. Some argue that China is already well on its way to becoming a global innovation power that will rival the US and Europe.

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Innovation Globalization Venture Capitalist GDP 8

Harvard Business Review

NOVEMBER 16, 2016

As the era of China as the world’s low-cost manufacturer comes to an end, innovation has become the most important element in the state’s development blueprint. Given its ideological leanings, China presents itself as a unique experiment in the power of the state to help the economy become more innovative. in 2000 to 2.0%

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Innovation Drucker Policies Technology 8

Harvard Business Review

SEPTEMBER 5, 2016

Yet there’s compelling evidence that bureaucracy creates a significant drag on productivity and organizational resilience and innovation. economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. That would, in effect, boost GDP per worker from $120,000 to $141,000. Here’s the arithmetic.

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Cost Bureaucracy GDP Management 8

Harvard Business Review

JANUARY 11, 2016

Innovation in Cities. If Roca meets certain goals related to preventing released prisoners from ending up back in jail, the state will repay the investors their principal, with a sliding scale of profit tied to degree of success. Social impact bonds could be one of the most innovative and effective. Insight Center.

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Finance Innovation Bond Incentives 8

Harvard Business Review

DECEMBER 17, 2013

But as I’ve done for the last 4 years, I’ll attempt to summarize some of the latest stories about the big environmental and social pressures on business, and how some innovative companies are dealing with them. Food and food waste gets more attention, debate, and innovation: Can cows save the world, or should we make meat in labs?

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Supply Chain McKinsey Apparel Energy 10

Harvard Business Review

DECEMBER 6, 2016

After-tax profits are at historically high levels; they were more than 50% higher as a share of GDP in the years 2010-2015 than they were over the prior 20 years. They are also global leaders in tax avoidance, giving rise to concerns in Europe and elsewhere that their tax planning innovations have reduced government tax revenues.

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Finance GDP System Short-term 8

Harvard Business Review

SEPTEMBER 24, 2013

That breakthrough is value-based care, the goal of which is to lower health care costs and improve quality and outcomes. The goal of value-based care is to fix that. The Centers for Medicare and Medicaid Services predicts that without major change, it will account for more than 20% of GDP by 2021, up from 5.2% Others must, too.

Health Care 9

Health Care Supply Chain Cost Quality 9

Harvard Business Review

DECEMBER 7, 2015

Interestingly, it is not strictly a “plan,” in the sense of a precise sequence of actions leading to pre-determined goals. To achieve this target, however, China will need to find new engines of growth, such as consumption, innovation, and entrepreneurship, all of which are emphasized in the plan.

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Planning Policies GDP Health Care 8

Harvard Business Review

MAY 23, 2017

of GDP in 2007 to 3.3% The first major adaptation is the adoption of corporate goals that go beyond short-term gain for shareholders and attend to the longer-term interests of all stakeholders. They must now pay far more attention to innovation and politics. Foreign direct investment from the European Union fell from 6.9%

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Politics Globalization Business Model Policies 8

Harvard Business Review

MAY 12, 2011

Now consider a different vision: maybe crafting a fine meal, to be accompanied by local, award-winning microbrewed beer your friends have brought over, and then walking back to the studio where you're designing a building whose goal is nothing less than rivaling the Sagrada Familia.

GDP 21

GDP Hamel Industry Construction 21

Harvard Business Review

JULY 28, 2014

It happens every time there’s a big announcement about a national or regional innovation policy that will lead us into the future: We are presented with schemes to strengthen intellectual property rights, enlarge the pool of risk financing, and upgrade the universities while pushing them to collaborate more with industry.

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Policies Innovation Finance Industry 8

Harvard Business Review

OCTOBER 27, 2015

and China take the lead in tech innovation. The goal of the Digital Single Market is an ambitious one: to deliver by the end of 2016 the equivalent of US$ 471 billion per year to the regional economy and 3.8 Investing in innovation capacity. of GDP, compares poorly with that of the U.S. million jobs.

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Crisis McKinsey Policies Globalization 8

Harvard Business Review

DECEMBER 20, 2016

states , have “decoupled” GDP growth from GHGs. days of innovation). In essence, the company decided to promote system change and even invited competitors to its innovation lab for the first time in its history. We’re seeing some interesting innovation in policy and business practice.

Energy 8

Energy Banking Chemicals Globalization 8

Harvard Business Review

JULY 7, 2011

A new focus on prosperity as the ultimate goal will yield peace along the way. Our back-of-the-envelope estimate revealed $10 billion to $20 billion in annual revenues if things are done right--that's about 10 to 15 percent of the current GDP of Israel. What is needed in Israel and Palestine is a shared goal to kick off this process.

Tourism 13

Tourism Committee Real Estate GDP 13

Harvard Business Review

OCTOBER 5, 2017

To answer these questions, we began with a simple premise: Neither “smartness” nor the technology to be deployed is the end goal. Economy Components: the four components in this category are: global connectedness, economic robustness, entrepreneurial ecosystem, innovation capacity. Methodology. The Government 3.0

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Benchmarking Globalization Technology Policies 10

Harvard Business Review

OCTOBER 6, 2016

Hillary Clinton has a tech and innovation agenda. A 2011 McKinsey study estimated that the internet accounted for 21% of GDP growth over the previous five years among the developed countries studied, a sharp increase over the 10% contribution over the 15 years prior. digital industries. The Digital Economy as a Jobs Risk.

Politics 9

Politics McKinsey Katz Technology 9

Harvard Business Review

NOVEMBER 9, 2016

To cope with the cyclical variations of copper prices, the industry made an innovative leap into the health care sector, a move that represents a clear departure from the commodity trap. The goal was to find ways to use copper to combat the spread of infections. They supported world-class research and innovation locally.

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Cooper Long-term Industry Health Care 14