Harvard Business Review

MARCH 1, 2018

As global oil producers work at cross-purposes, the industry’s traditional boom-bust cycle is being replaced by faster, shallower price rotations based on changes in production. oil supply may be enough on its own to meet all of this year’s growth in global oil demand. The soaring U.S.

Offshoring 10

Offshoring Price Transportation Long-term 10

Harvard Business Review

MARCH 17, 2011

London-based HSBC, arguably the world's most global bank, recently described speculation that it was planning to shift its headquarters from London to Hong Kong as "presumptuous." After all, HSBC is not proposing to close its British operations. What is so special about where a global organization headquarters itself?

Banking 11

Banking Hedge Globalization Operations 11

Harvard Business Review

DECEMBER 17, 2015

Globally, it equates to 2% of all annual emissions linked to climate change. If the world is to become ever more efficient and reach global climate goals, internet power will need to play its part. Clean energy can provide a hedge against rising and more volatile electricity prices.

Energy 8

Energy Globalization Hedge Cost 8

Harvard Business Review

JULY 19, 2016

The enormity of the challenges confronting pension funds — including substantial deficits, a tumultuous global economy, and a low-return environment — means that they need to be able to focus on maximizing investment returns without distraction. We pay competitively but no hedge fund-size packages.”

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

NOVEMBER 9, 2012

This lack of comfort with both the quantitative aspects of risk and the more sophisticated options available to operational executives is (in some industries literally) dangerous. CEOs and CFOs should consider rethinking who is managing risk in their global supply chains.

Supply Chain 8

Supply Chain Chief Procurement Officer Risk Management Management 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. From the same letter: [N]o company operates in a vacuum. Clearly, the man has come to see the good side of being compartmentalized.

Banking 14

Banking Crisis Letter Hedge 14

Harvard Business Review

JULY 17, 2018

Kumar is well known on Capitol Hill and with global tax experts because he has deep and broad knowledge of the subject and understands the dynamics of how policy will shape up now and in the future. For example, the original Google car found it hard to compute the context within which it was operating.

Skills 15

Skills Morale Ethics System 15

Harvard Business Review

AUGUST 4, 2014

But they also know that reputations can damaged by more than the operational risks that can be managed with functional redundancies, or the financial risks that can be countered by hedging, investing in futures markets, and global currency diversification.

Reputation 9

Reputation Risk Management Supply Chain Crisis 9

Harvard Business Review

MARCH 11, 2014

Global leaders pride themselves on having many connections across industries and sectors. To borrow a term from Wharton management professor Michael Useem, Owens is most definitely a member of the global elite’s “ inner circle.”. When pressed, Owens tried to hedge his answer, but the media portrayed him as calling the President a liar.

Ethics 8

Ethics Hedge Diversity CEO 8

Harvard Business Review

MARCH 5, 2012

As one chief information security officer for a global bank said, "If we did all the security checks we'd like to before connecting with new hedge fund customers, they would just take their business across the street.". Unfortunately, though, it's all too easy to grind your business to a halt with doctrinaire security policies.

Supply Chain 12

Supply Chain Risk Management Hedge Banking 12

Harvard Business Review

MARCH 27, 2018

Apple and Google, for example, each control a popular mobile phone operating system platform (and key apps on that platform), Amazon controls the largest online merchant platform, and Facebook controls the largest social network platform. Luckily, global antitrust enforcement can help. Significant costs on third parties.

Company 11

Company Advertising Incentives Engineering 11

Harvard Business Review

JUNE 10, 2014

One representative example: April’s Education Innovation Summit , where more than 2,000 people energetically discussed how technology and markets are charting the future of education globally. Presidents and provosts will tell you: operating budgets are tight. Institutions have been raising tuition just to keep the lights on.

Real Estate 8

Real Estate Education Disruptive Innovation Asset Management 8

Harvard Business Review

OCTOBER 15, 2014

It has spurred the growth of an entire industry that exists only to exploit volatility: the hedge fund business. Meanwhile, there are all sorts of good folks operating in use-driven markets, producing goods and services that we use on a daily basis. That dark side has not gone unnoticed. Read the rest of the series here.

Efficiency 8

Efficiency Marketing Real Estate Price 8

Harvard Business Review

OCTOBER 30, 2017

So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. Increase operating margins to 18% (by cutting expenses). In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. Since then Flannery has replaced Immelt’s vice chairs responsible for innovation. Comstock is out.

Ries 8

Ries Long-term Short-term Price 8

Harvard Business Review

SEPTEMBER 26, 2011

Volatility has returned to global markets, and consumer and business confidence is once again slipping. Caterpillar , for example, publishes its dealer sales statistics by region each month, while the Spanish bank Santander puts out a newsletter with key operating results and commentary. Often they will clash, sometimes fiercely.

Long-term 8

Long-term CEO Short-term McKinsey 8

Harvard Business Review

DECEMBER 19, 2017

Large food retailers such as Kroger, Sainsbury’s, Tesco, Carrefour, and Wal-Mart stand in a unique position to address this global food issue. This is partly due to the tendency to grow more than needed as a hedge against weather and disease and fluctuating wholesale and retail orders. In the U.S.,

Retail 8

Retail Supply Chain Crisis Short-term 8

Harvard Business Review

APRIL 11, 2013

But my youngest uncle worked behind the scenes to make sure that his sons, Fred, Roy, and Bill, were given executive positions in the operating units despite their obvious shortcomings. Fred, Roy, and Bill never rose as high in the company as Ricky, who is now the chief operating officer. He makes his own decisions," I hedged.

Case Study 8

Case Study CEO Chief Operating Officer Real Estate 8

Harvard Business Review

FEBRUARY 3, 2015

For example, recently we were in a meeting discussing the results of a global people survey. Burt asked the managers to write down their best ideas about how to improve business operations, and then he asked two ex­ecutives at the company to rate the quality of these ideas. Most-senior hedge fund people and competitors.

How To 8

How To Diversity Letter Learning-by-Doing 8

Harvard Business Review

FEBRUARY 27, 2012

While the global financial meltdown and its aftershocks have unleashed a flood of indignation, condemnation, and protest upon Wall Street, the crisis has exposed a deeper distrust and implacable resentment of capitalism itself. How do we stretch management timeframes and perspectives?

Short-term 15

Short-term Long-term Ethics Incentives 15

Harvard Business Review

MAY 15, 2018

When it comes to planning, multinationals shouldn’t apply quick fixes to mitigate short-term operational risks (for instance, financial hedging to manage exchange rate fluctuations, or cursory assessment of distributors to evaluate their supply chains). And this is happening before Brexit has even taken place.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Harvard Business Review

MARCH 23, 2015

Between ticket sales, sponsorships, merchandising, and media rights, Price Waterhouse Coopers estimates global sports revenues will grow to total roughly $145 billion. These aren’t mom and pop operations anymore. We now have entire conferences dedicated to the analytics of our business and our basketball operations.

Price 8

Price Team Sports Franchising 8

Harvard Business Review

MARCH 24, 2017

What traditional investors don’t like about any of this is the regulatory uncertainty; the high valuations and over-capitalization; the lack of control over financials, strategy, and operations; and the lack of business use-cases.

Venture Capitalist 12

Venture Capitalist Due Diligence Finance Long-term 12

Harvard Business Review

SEPTEMBER 26, 2012

We rightfully add safety systems to things like planes and oil rigs, and hedge the bets of major banks, in an effort to encourage them to run safely yet ever-more efficiently. The reasons are rooted partly in the pernicious nature of complexity, and partly in the way that human beings psychologically respond to risk.

Banking 8

Banking Crisis Hedge System 8

Harvard Business Review

JANUARY 11, 2016

Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. As I travel to urban development conferences, I often hear people bemoan an infrastructure funding gap, but the hard truth is there is no funding gap.

Finance 8

Finance Innovation Bond Incentives 8

Harvard Business Review

OCTOBER 19, 2012

The demand for my ideas surged and soon went global. By the end of the '80s, Bill Gates and Steve Ballmer had realized, through rigorous analysis, that Microsoft needed to abandon its still-struggling new operation system, Windows, because of a memory flaw. The interest took me completely by surprise. Yahoo declined (as did others).

Succession 17

Succession Diversity Open-book Innovation 17

Harvard Business Review

APRIL 23, 2014

There is only one square in the global village, and it is run by Facebook. First, brands that Facebook currently operates, Facebook, Messenger, WhatsApp and Instagram, have hundreds of millions of users, and each of them enjoys greater network effects than all but the largest potential rivals. But what of network effects?

Strategy 8

Strategy Competitive Advantage Real Estate Strategic Planning 8

Harvard Business Review

NOVEMBER 11, 2016

One thing we can say with confidence is that uncertainty will remain high for some time in politics, macroeconomics, and business, at both global and national levels. We are living in an era where macro effects can easily swamp competitive and operational considerations. They buffer against unexpected events. Modularity.

Strategy 10

Strategy Uncertainty Long-term Politics 10

Harvard Business Review

AUGUST 8, 2018

The social impact funds want to support it for social reasons, whereas hedge funds and others are recognizing that the superior resiliency and performance of worker-owned firms can improve their returns. The largest, Green Taxi, is owned and operated by more than 150 taxi driver-owners and uses its own fully integrated app.

ESOP 12

ESOP Company Cooper IAM 12

Harvard Business Review

MARCH 1, 2017

Our global financial system moves trillions of dollars a day and serves billions of people. A vast, globally distributed ledger running on millions of devices, it is capable of recording anything of value. So users can set up algorithms and rules that automatically trigger transactions between nodes.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

OCTOBER 20, 2011

And functionally, there is no longer a need to ration financial resources; there's more money available than can be productively invested—which is why the financial industry is only minimally about investing, and all about flipping, swapping, hedging, engineering, and other forms of lever-pressing.

ROE 12

ROE Debt to Equity Ratio Innovation Incentives 12

Harvard Business Review

FEBRUARY 8, 2018

At Frontier Strategy Group, we observed that in 2017, executives and boards paid the most attention to risks that dominated global headlines: Brexit, the Trump administration’s trade policy, cybersecurity, and, more recently, North Korea. Asia-Pacific: China Sea Flashpoints Could Obstruct the Global Supply Chain.

Market Risk 9

Market Risk Marketing Supply Chain Company 9

Harvard Business Review

JANUARY 17, 2012

Such plans frequently include giving managers financial incentives to do what they should have done before — concentrating on the most promising lines, selling off dud businesses, and "leaning down" operations, often including headcount. PE people certainly pay themselves well. They don't appear to be in it for the long haul.

Due Diligence 12

Due Diligence Incentives Hedge Collins 12