article thumbnail

Don’t Write Off the (Western) Focused Firm Yet

Harvard Business Review

Finally, when you are at the conglomerate stage, they relate to social capital, as you move talent across internal boundaries and leverage personal relations with politicians, government officials, investors and other external parties who can greatly facilitate or obstruct your plans–not necessarily with the greater good in mind.

article thumbnail

From Zipcar to the Sharing Economy

Harvard Business Review

Reputation systems and active supplier screening maintain quality, and the need for insurance keeps customers from bypassing the marketplaces. The digitization of social brings real-world trust and social capital online. Today, a decade after the launch of the iPod, consumers are starting to reach the same realization.

article thumbnail

How Blockchain Will Accelerate Business Performance and Power the Smart Economy - SPONSOR CONTENT FROM MICROSOFT

Harvard Business Review

Political economist Francis Fukuyama predicted a future when social capital would be as important as physical capital, and that only those societies with a high degree of social trust would be able to create large-scale organizations capable of competing in the new economy. John will also need insurance for his new car.