Harvard Business Review

OCTOBER 2, 2017

For decades, we have heard that emerging markets are poised for huge growth that will yield even greater prosperity. Much like their famed Silicon Valley counterparts, emerging market accelerators aim to boost startups’ potential for raising growth capital.

Marketing 8

Marketing Venture Funding Entrepreneur IPO 8

Harvard Business Review

FEBRUARY 17, 2011

Venture capitalists are increasingly interested in emerging markets, and in working with local funds based in those markets (despite the fact that reverse innovation in venture capital seems counterintuitive). In contrast, emerging-market VCs such as Nadathur Holdings (established in 2000 by N.S.

Marketing 15

Marketing Venture Capitalist Biotechnology IPO 15

Harvard Business Review

OCTOBER 31, 2014

billion in its 2013 IPO) that investors have plowed into it. 27) earnings report doesn’t really show that kind of acceleration. Could Twitter have chosen not to follow the standard VC-to-IPO path that has brought it to this pass? And the company’s latest (Oct.

Marketing 9

Marketing IPO Venture Capitalist Fashion 9

Harvard Business Review

FEBRUARY 26, 2018

On February 13, 2018, the New York Times reported that Uber is planning an IPO. Uber’s value is estimated between $48 and $70 billion, despite reporting losses over the last two years. Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013.

Company 8

Company Intangible Assets Depreciation IPO 8

Harvard Business Review

JUNE 8, 2018

Impact investors over the past decade largely focused on proving that impact investments could achieve a “market rate” or above return profile. Making something wildly profitable will of course attract the attention of financial markets, and thus increase the chances it will scale effectively. By 2010, they had succeeded.

Microfinance 8

Microfinance IPO Real Estate Industry 8

Harvard Business Review

APRIL 3, 2012

Companies were required to certify their financial statements, follow new rules in reporting pro-forma earnings and off-balance sheet transactions, and issue voluminous reports on their internal financial controls. The Sarbanes-Oxley Act was the last big attempt to improve financial disclosure.

IPO 11

IPO Conflict of Interest Information Marketing 11

Harvard Business Review

AUGUST 30, 2017

Since its founding just eight years ago, Uber has become one of the best-known brands in the world, has presence in over 80 countries, has market share reported at 77% in its core U.S. However, after its IPO, Amazon’s losses were in the millions, not the billions. Khosrowshahi has much working in his favor.

CEO 12

CEO IPO Energy COO 12

Harvard Business Review

AUGUST 16, 2011

Yet, the company reported ASCOI of positive $80.1 It was simply not enough for the firm to report earnings and explain that it was investing for growth. The financial results of Groupon's traditional business continue to deteriorate, especially in mature markets, and new ventures such as Groupon Now also have failed to drive profits.

Christensen 19

Christensen Fixed Costs Metrics Venture Funding 19

Harvard Business Review

MARCH 11, 2016

in GDP 11 years in the future,” the authors report. The number of startups that the algorithm scores as quality is high, but the likelihood of a successful IPO or acquisition hasn’t kept up. This could be a function of funding availability and the IPO market, or it could reflect something darker about the U.S.

GDP 8

GDP IPO Venture Capitalist Gordon 8

Harvard Business Review

JULY 17, 2017

Eastman Kodak is the textbook case for failing to prioritize an innovation agenda; business schools around the world study the ramifications of the company’s ill-fated decision to ignore the digital photography market until it was too late. The Future of Financial Services. The Ecosystem Approach to Winning the Long Game.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

APRIL 10, 2012

I went to Facebook's website, found the instructions for reporting an account hack, and changed my password—then changed it again and again as the account continued to be hacked. More friends got in touch to report on a conversation with me that quickly took a strange turn. And you reported the problem to Facebook.

Advertising 11

Advertising IPO Media Report 11

Harvard Business Review

MARCH 6, 2012

When big business leaders think about social media they tend to focus on three things: innovative technologies, marketing applications, and IPOs — the three factors that make Facebook and Twitter so hot. In fact, they're taking over what used to be a central function of the downsized news industry: watchdog reporting.

White Paper 10

White Paper IPO Media Film 10

Harvard Business Review

SEPTEMBER 16, 2014

These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. It is early days in the use of predictive modeling to reduce risk and create new markets for small business loans.

Credit Scoring 10

Credit Scoring Banking Dunning Metrics 10

Harvard Business Review

NOVEMBER 9, 2018

Take Jim, a front-runner CFO candidate for a leading medical device manufacturer on the verge of an IPO. Take Denise, a talented marketing executive who has helped reinvigorate some of the world’s most iconic retail brands. By dodging it, you are actually doing a disservice to your direct report and to your team as a whole.

Career 15

Career CFO Sample Execution 15

Harvard Business Review

DECEMBER 8, 2010

It's built on a set of institutions crafted in and for the industrial age — like annual and quarterly reports. Four times a year, boardrooms publish updates to their accounts, and once a year, a hefty report explaining and discussing them. Hence, stocks froth up and down before and after earnings report releases.

GDP 16

GDP Hypercompetition IPO Information 16

Harvard Business Review

OCTOBER 30, 2018

Dara Khosrowshahi, the CEO of Uber, the ride-sharing giant, proudly declared on September 10 that “very few brands become verbs” The same week Upwork, a platform for hiring freelancers, filed for an IPO, as did Fiverr , which boasts that it offers a “freelance services marketplace for the lean entrepreneur.”

Quinn 10

Quinn Entrepreneur IPO Survey 10

Harvard Business Review

FEBRUARY 8, 2017

For instance, Snapchat’s recent IPO filing revealed that the company grew revenues by 600% (to $404 million) in 2016. The explosive growth of ride sharing is a big reason why Hertz reported dismal quarterly results in November 2016, leading to a 23% drop in its market value. ” Those fears are not entirely unfounded.

Innovation 8

Innovation Bureaucracy IPO Bottom-up 8

Harvard Business Review

JANUARY 9, 2015

At the time the merger negotiations began, AOL was enjoying intense investor interest, to the point where a company that was only 15 years old and had been public for only 8 years had a higher market capitalization than media powerhouse Time Warner. Some (12) of the firms had an IPO, and collectively enjoyed valuation that at its peak was $5.4

Venture Capitalist 8

Venture Capitalist Business Model IPO Marketing 8

Harvard Business Review

AUGUST 10, 2016

On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local competitor. The $1 billion burn rate in China was reportedly holding up its IPO, not just its expansion in other parts of the world.

Network Economy 8

Network Economy Globalization Discount Constraint 8

Harvard Business Review

SEPTEMBER 16, 2014

These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. It is early days in the use of predictive modeling to reduce risk and create new markets for small business loans.

Credit Scoring 8

Credit Scoring Banking Dunning Metrics 8

Harvard Business Review

OCTOBER 16, 2014

Icahn later reduced his buyback request to $50 billion, and in April 2014 Apple’s board approved a $30 billion program to be carried out by repurchasing its shares on the open market — either by just buying shares outright or doing it indirectly via accelerated share repurchases. trillion on buybacks (51% of net income) and another $2.3

Safe Harbor 9

Safe Harbor Hedge EPS Price 9

Harvard Business Review

JANUARY 12, 2015

Still, it’s true that China’s economy today is undergoing rapid change: the middle class is expanding, purchasing power is increasing, and with loosening regulation, China is becoming a fertile new market for global companies. It’s important to note that this doesn’t mean English will replace local languages.

Innovation 8

Innovation Globalization IPO Automotive 8

Harvard Business Review

AUGUST 6, 2014

At the time, though, we were just in search of a new approach to building a sustainable business in that critical but often difficult market. In fact, you could say (and many did) that our previous attempts had failed, in that we hadn’t established a sustained market position. Things hadn’t gone well up until that point.

Chief Financial Officer 10

Chief Financial Officer Operations Learning-by-Doing IPO 10

Harvard Business Review

APRIL 13, 2015

With limited exit opportunities via initial public offers ( IPOs ) and acquisitions, smart young people understand that stock options rarely bring a big payday. He invested in training his staff, but that backfired as those individuals then became more marketable and moved on.

Venture Capitalist 8

Venture Capitalist IPO Entrepreneur Banking 8

Harvard Business Review

NOVEMBER 17, 2015

Meanwhile, Dr. Piech was obsessed with achieving dominant global market share, which included a larger presence in the U.S. (Volkswagen group profits come largely from the sales of Porsche and Audi, the large bulk of other sales being not that profitable.)

CFO 8

CFO Crisis Mass Marketing IPO 8

Harvard Business Review

MAY 16, 2016

Strategic alignment, for us, means that all elements of a business — including the market strategy and the way the company itself is organized — are arranged in such a way as to best support the fulfillment of its long-term purpose. But corporate leaders today seem to agree that strategic alignment is high on the list.

Banking 14

Banking Strategy Film Operations 14

Harvard Business Review

OCTOBER 7, 2016

Few things are more damaging to a brand’s reputation than a hack in the headlines, and in the event of a public security incident, it’s highly likely that the Chief Marketing Officer (CMO) and the Chief Security Officer (CSO) will be the first people the CEO looks to and says “What do we do now?”

Planning 9

Planning Company Crisis Brand 9

Harvard Business Review

SEPTEMBER 19, 2014

And the new co-CEOs, Safra Catz and Mark Hurd, will continue to do the same things they did as co-presidents, the only difference being that they will now report to the board instead of just to Ellison. And of the remarkable tech IPO class of 1986, which included Adobe, EMC, Microsoft, and Sun Microsystems, Oracle has been the best performer.

Company 8

Company Chief Technology Officer IPO CEO 8

Harvard Business Review

AUGUST 6, 2015

Yet for how substantial the market is, there’s relatively little data on the decision making process of those who invest in early stage startups. The formula for long-term success may be different, though, when you consider how founders are often replaced , for various reasons, before the startup’s IPO.

Long-term 8

Long-term IPO Human Capital Finance 8

Harvard Business Review

AUGUST 27, 2018

stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. stock exchanges.

IPO 11

IPO Company First-mover Advantage Intangible Assets 11

Harvard Business Review

MARCH 7, 2017

The dispatch included disturbing and potentially illegal managerial activities, such as Fowler’s boss telling her she could be fired for reporting the behaviors. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

JUNE 7, 2012

Shortly before Facebook's turbulent IPO, GM announced that it was pulling its $10 million advertising budget from Facebook. Advertising Age's Cotton Delo reported that GM is interested in Facebook's audience, but believes that the ad formats currently available are unattractive and ineffective. Controversy erupted. Accusations ensued.

Advertising 15

Advertising Storytelling IPO Automotive 15

Harvard Business Review

JUNE 7, 2012

Shortly before Facebook's turbulent IPO, GM announced that it was pulling its $10 million advertising budget from Facebook. Advertising Age's Cotton Delo reported that GM is interested in Facebook's audience, but believes that the ad formats currently available are unattractive and ineffective. Controversy erupted. Accusations ensued.

Advertising 13

Advertising Storytelling IPO Automotive 13

Harvard Business Review

OCTOBER 20, 2014

In this letter, I’d like to explain more fully why I view the $51 billion already spent by Apple on open market (including accelerated) share repurchases under your leadership as a major misallocation of resources for both the company and the U.S. Rather, they trade in outstanding shares in the hope that their market price will increase.

Innovation 10

Innovation EPS Incentives Supply Chain 10

Harvard Business Review

MAY 12, 2014

There is also some reason to believe that the number of small businesses is negatively related to national economic health and the Kauffman Foundation recently reported that as the US economy is improving and good jobs are increasing, the number of startups is decreasing. In fact, encouraging startups may be bad policy.

Entrepreneur 9

Entrepreneur Incubator Bureaucracy Banking 9

Harvard Business Review

JUNE 11, 2015

Huawei’s revenue from overseas markets exceeded that from the Chinese market for the first time in 2005. For example, when Huawei expanded their 3G market in Europe, they noticed that European carriers expected base stations to be more compact, easier to install, greener, and more energy efficient, while offering wider coverage.

Succession 8

Succession Golden Handcuff IPO Long-term 8

Harvard Business Review

MAY 30, 2017

as the most attractive market worldwide for renewable energy investment, this year downgraded it to third , behind China and India. Brookings reports that cleantech VC funding has declined not just in terms of deals and dollars, but as a share of overall VC activity. Yet the Brookings cleantech patenting report concludes that the U.S.

Stage-Gate 9

Stage-Gate Kleiner Energy Proposal 9