What If Google Had a Hedge Fund?

Harvard Business Review

Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk. What kind of hedge funds might an Amazon set up (remember, Jeff Bezos actually came from a New York hedge fund)?

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5 Characteristics of Digital Giants that Enable Domination

Skip Prichard

How is extreme consolidation changing global business? and has studied emerging business and technology trends. 3) hedge bets by building products and services on multiple platforms in order to compete on the same terms as digital giants in ways that are least likely to get regulated.


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Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

O NE OF the unfortunate side effects of living in an age of accelerating technology is having to deal with increased uncertainty. Should they make a big bet, hedge their position, or just wait and see? Walsh is the CEO of Tomorrow, a global consultancy on designing companies for the 21 st century. * * * Like us on Instagram and Facebook for additional leadership and personal development ideas.

How Blockchain Applications Will Move Beyond Finance

Harvard Business

To understand the transformation that’s being brought about by blockchain technology, it’s useful to start with its largest implementation to date: bitcoin. How technology is transforming transactions. But bitcoin has been extremely successful at solving the problem it was designed for: allowing a global network to securely transact and exchange value without the need for a costly intermediary.

Using Storytelling To Craft And Communicate Your Strategic Vision

Tanveer Naseer

They add, with logical precision, how they will achieve that goal through technology, content partnerships, and educational videos. Here, I use the labels of the indispensable ‘Pixar Pitch’ to summarize Salman’s story: ACT I: Once upon a time, I was an analyst at a Boston-based hedge fund. And the moral of the story is, to build an online, global classroom so that everyone can increase their math and science aptitude. The following is a guest piece by Jeremey Donovan.

How Blockchain Is Changing Finance

Harvard Business

Our global financial system moves trillions of dollars a day and serves billions of people. To wit, 45% of financial intermediaries , such as payment networks, stock exchanges, and money transfer services, suffer from economic crime every year; the number is 37% for the entire economy, and only 20% and 27% for the professional services and technology sectors, respectively. How Blockchain Works Here are five basic principles underlying the technology.

7 Skills That Aren’t About to Be Automated

Harvard Business

Today’s young professionals grew up in an age of mind-boggling technological change, seeing the growth of the internet, the invention of the smartphone, and the development of machine-learning systems. As executives who have spent our lives assessing and implementing digital technology in every type of organization, we often get asked by them: “What should I learn today so that I’ll have a job in the future?” John Fedele/Getty Images.

Here Are All the Reasons It’s a Bad Idea to Let a Few Tech Companies Monopolize Our Data

Harvard Business

Thus, data-opolies have a strong economic incentive to maintain the status quo, in which users, as the MIT Technology Review put it, “have little idea how much personal data they have provided, how it is used, and what it is worth.” As data-opolies expand their platforms to digital personal assistants, the Internet of Things, and smart technologies, the concern is that their data advantage will increase their competitive advantage and market power.

The Right Entry Point for Emerging Markets

Harvard Business Review

I recently participated in a spirited panel discussion with Bruce Brown, Procter & Gamble's Chief Technology Officer, and Erich Joachimsthaler, Vivaldi Partners' managing director and CEO. Global giants have to increasingly ask emerging markets branches to go from acting as local distributors to serving as local developers. How should companies hedge against the practice of copying your products as you go into those markets? Global business Innovation Procter & Gamble

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Let Data Ask Questions, Not Just Answer Them

Harvard Business Review

The ingenuity is compelling: instead of using data to solve problems, AH technologies generate portfolios of provocative problems to solve. Global enterprises and entrepreneurs alike will be able to use big datasets to generate business hypotheses around innovation and new value creation. Information & technology Innovation Technology The bigger the data, the more profitable and productive predictive analytics can be. But that’s conventional wisdom.

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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

Unlike national oil companies and oil majors that typically take five to 10 years to develop conventional oil reserves, these independent and “unconventional” players have improved their drilling and fracturing technology to the point where they can respond within months to temporary spikes or dips in the market. oil supply may be enough on its own to meet all of this year’s growth in global oil demand. hbr staff/bettmann/Getty Images.

Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business

Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.

The Internet Shouldn’t Run on Dirty Energy

Harvard Business Review

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. Leading companies are learning that sourcing renewable energy for data centers is a low-cost way to demonstrate commitment to global climate goals while adding reliability and predictability to energy consumption.

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Computers Don’t Kill Jobs but Do Increase Inequality

Harvard Business Review

In fact, new research shows that a substantial part of the growth in this wage gap can be attributed to computer technology. Instead, new computer technologies require major new skills. The Global Digital Economy. Some people argue that this replacement is causing technological unemployment. Thus computers are not causing technological unemployment. Labor Technology Digital ArticleEconomic inequality has become a prominent issue in this year’s U.S.

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GM’s Stock Buyback Is Bad for America and the Company

Harvard Business Review

” But the only real wins are a victory for the hedge funds, and a Pyrrhic victory for GM in that it managed to keep Wilson off its board and reduced the size of the buyback from the $8 billion the investors had been demanding. During the bailout, financial firms, including hedge funds, were nowhere to be found. In 2013 GM produced 3 million cars in China , or 45% of its global car production; that was up from 1.1

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Michael Fraccaro, CHRO at Mastercard, on the value of business resource groups

HR Digest

"Unleashing Collective Genius" As globalization takes a sharp turn from government to business, the issue of global talent mobility rapidly moves up the agenda. I was at a conference recently and one of the speakers remarked that “Culture hedges against the risk of uncertainty.” Not only do these approaches fit with our identity as a technology company, but they can actually help reduce bias in candidate vetting.

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Who Killed the GE Model?

Harvard Business

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. Second, that GE had a technology advantage in complex industries, and that its technologies could be shared across its businesses. The diffusion of manufacturing technology through global trade, investment, and education has hurt the company, too.

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Idle Funds are the Devil's Playground

Harvard Business Review

Regarding the latter, we point to some well-documented and broadly perceived shifts in the geography, demography, and technology of global economic activity. And at the time, as industrial technology appeared, it afforded many good opportunities to invest in such assets at high expected returns. And by the late 1990's investment banks and hedge funds were in the business of betting for and against currencies. Finance Global business Venture capital

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If You're Not Micromanaging, You're Not Leading

Harvard Business Review

The horrible irony: The very detail-oriented systems (and people) Dimon had put in place had obscured rather than surfaced his bank's horrible hedge. At one global telecommunications giant, for example, a critical network software upgrade was not only slipping further behind schedule, but the bug density was slowly creeping up, as well. Information & technology Leadership Managing people

Universities Are Missing Out on an Explosive Growth Sector: Their Own

Harvard Business Review

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. The transformation in education technology and markets is happening with the business leaders and money-men of higher education barely present. Disruptive innovation Education Information & technology

Even Senior Executives Need a Side Hustle

Harvard Business

Hedge against uncertainty. Competition for jobs is now global, and positions are harder to find — so if something does disrupt your company or your industry, it’s good to have a backup plan. Intrigued by technology and innovation, Achan took the initiative to develop two iPhone apps. Gary John Norman/Getty Images. The rise of the “gig economy” has prompted much soul-searching about the future of the economy.

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The New Trust vs. Due Diligence Dilemma

Harvard Business Review

I thought this would be a wonderful gateway to post on how poorly economists and economics understand and measure innovation in global markets. The chairman had artfully hedged and qualified his innovation clichés. Decision making Information & technology ResearchThe economics and accountability of due diligence have changed.

How Large Food Retailers Can Help Solve the Food Waste Crisis

Harvard Business

Large food retailers such as Kroger, Sainsbury’s, Tesco, Carrefour, and Wal-Mart stand in a unique position to address this global food issue. Upgrade inventory systems with the latest technology. Investing in new technology can reduce excess inventory and handling, and cut down on the amount of perishables that ultimately go to waste. Technology is an important enabler here too. Tara Moore/Getty Images.

How Incentives for Long-Term Management Backfire

Harvard Business

Four hundred seventy-one companies in the S&P 500 bought back stock last year, and 372 companies expanded their dividends — actions undertaken in spite of the need to invest heavily to keep up with global market changes. The normal culprits for short-termism are short-term-minded hedge-fund managers and activist shareholders, as well as CEOs worried about big bet investments with uncertain paybacks. One technology company is focusing on consumer adoption of new platforms.

Purpose Point of View

Strategy Driven

Whether it’s Mark Zuckerberg joining Bill Gates and Warren Buffet in a Giving Pledge, the six biggest global communications firms putting differences aside in a U.N. It drives large efforts from spearheading a movement to bringing a game-changing product or technology to market. In fact, a recent Korn Ferry global survey of 1,000 executives finds that when it comes to what matters most, purpose trumps money. No matter which way you turn, the focus on ‘purpose’ is everywhere.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business

So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. And in the 21st century, the majority of public company shareholders are institutional investors (banks, insurance companies, pensions, hedge funds, REITs, investment advisers, endowments, and mutual funds), not individuals. (In GE’s gross margin was 21% last year, compared with 28% for United Technologies and 30% for Siemens. YASUYOSHI CHIBA/Getty Images. Jeff Immelt ran GE for 16 years.

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Facebook’s Unbundling Strategy Makes Perfect Sense

Harvard Business Review

Today Facebook enjoys three advantages over rivals: technological capabilities, economies of scale in its infrastructure, and most importantly, network effects. There is only one square in the global village, and it is run by Facebook. The strategic bet here is that a single customer interface is not necessary to maintain or even strengthen Facebook’s technological lead and infrastructure scale.

Three Questions You Should Ask About Your Cyber-Security

Harvard Business Review

Yes, political hacktivists brag about Web pages defaced and customer information released over the Internet, but companies rarely reveal the attacks that result in the loss of valuable intellectual property — business plans, proprietary technologies or fraudulent payments. Some companies have seen "bet-the-company" manufacturing technologies replicated overseas just days or weeks after putting them into production.

How Exactly Will We Move Away from Fossil Fuels?

Harvard Business Review

are making coal plants more expensive, regulation is not truly impeding global fossil fuel use. And partly because of America’s intransigence, 19 years of global negotiations on binding limits on carbon have led nearly nowhere. About half of the new energy capacity put on the grid globally is now renewables, and the picture going forward is even better. And while the new electrified vehicles market is growing fast, it’ll be many years until those technologies dominate.

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Five Challenges China Must Meet by 2034

Harvard Business Review

China’s resurgence has been driven by a combination of private entrepreneurship and top-down bureaucratic capitalism; by an unmatched and unchecked culture of engineering ambition; of rote learning and educational experimentation; of sophisticated tastes along with basic concerns with food safety; of a China at once cosmopolitan and confused in its new global roles. Global climate change is not an area of controversy in China. How Chinese Companies Can Develop Global Brands.

Three Ways to Succeed by Breaking Convention

Harvard Business Review

One professional service firm told us how a senior partner sold only technology implementation services &38212; an area he was personally passionate about — to his clients in South America. This service was fundamentally new for South American customers, though obviously not new for the global firm. The second approach is to salvage ideas or technologies that didn't solve the problem they were intended to solve.

Millennials Are Entering a Changed Workplace. Not.

Harvard Business Review

Jim,” as he is known to all, not only did pioneering work in mathematics; he also founded Renaissance Technologies, a hedge fund that relied on scientists to make predictions and trade in global markets. Discomfiting Statistics What’s Wrong with Millennial Employment, in Three Charts Fortune Sometimes the U.S. government’s exhaustively and exhaustingly dry reports yield startling results, as Fortune discovered.

Hedge 12

How the Next Generation Is Approaching Society’s Biggest Problems

Harvard Business Review

Second, changes in technology have dramatically lowered the cost of experimentation and create unprecedented transparency into problems, solutions, and results. Soon after, when Khan began tutoring his niece in mathematics while working at a hedge fund, he hit upon the idea of developing short video tutorials on YouTube. Second, technology made Khan Academy possible. That’s great but the sums involved are modest compared to the $200 trillion in global financial assets.

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How a New Generation of Business Leaders Views Philanthropy

Harvard Business Review

Today, business leaders are not only trying to address community and global problems earlier in their lives; they are also questioning the traditional divide between commerce and philanthropy. As prominent hedge fund manager Bill Ackman told me, “When I graduated from business school I thought business was about making money and philanthropy was about doing good.

Hedge 12

Monitor, Libya, and the Perils of a Blurred-Line World

Harvard Business Review

The shorthand explanation: Globalization, technological change, and deregulation have disrupted long-established industries and professions. hedge funds? The headline in the Guardian last week read: The Monitor Group: Gaddafi's PR firm used academics. I think it's safe to say that the Monitor Group would prefer not to be known as "Gaddafi's PR firm." (And And not just because, at Monitor, they appear to prefer the spelling "Qhadafi.") The Cambridge, Mass.,

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How an NBA Team Thinks About Data, Talent, and Pricing

Harvard Business Review

Between ticket sales, sponsorships, merchandising, and media rights, Price Waterhouse Coopers estimates global sports revenues will grow to total roughly $145 billion. We’ve hit a point of acceleration in video and wearable technologies that provide us with information that we’ve never had in the past about how to optimize player performance. million Twitter followers, and 600,000 Instagram followers, so for a local team, we’re actually truly global.

The World Just Got More Uncertain and Your Strategy Needs to Adjust

Harvard Business

What will be the administration’s take on science and technology? 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. Likewise, we know that whatever our historical assumptions have been, many are likely to change as technology advances. Donald Trump’s unexpected win in the U.S.

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Case Study: A Short-Seller Crashes the Party

Harvard Business Review

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 Hughes was the founder of a hedge fund managing more than $6 billion in assets. ExSolv claimed to have a technology for extracting oil from sand.

The Tempting of Rajat Gupta

Harvard Business Review

But by the end of the decade, the advocates of more rapid growth had pretty much won out in the name of better serving clients in an increasingly globalized world. They paid their executives accordingly, as did the banks, brokerage houses, hedge funds, and private-equity outfits whose share of U.S As technology makes networks tighter and easier to put together, does the risk of contagion increase proportionally?

End the Religion of ROE

Harvard Business Review

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. In a recent talk at MIT, Infosys founder Narayana Murthy put it this way: "Technological innovation is all about reducing cost, reducing cycle time, making life more comfortable.

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