Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. By the 1980s, Silicon Valley had surpassed Route 128 outside Boston to become the center of the technology universe. Jurgen Ziewe/Getty Images.

How CMOs and CROs Can Be Allies

Harvard Business Review

Chief Marketing Officers (CMOs) and Chief Risk Officers (CROs) may seem to have little in common. But in the aftermath of the financial crisis, risk managers have become increasingly involved in business strategy and decisions. That has coincided with marketing’s increased influence on strategy, driven by the unprecedented level of insights into customer behavior and trends that are now possible through analytics. Use risk data as an avenue for innovation.

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8 Leading Areas for Change In Risk Management/Analysis In The Coming Years

Strategy Driven

Managers and people in higher positions, in general, are always looking for ways to improve bottom-line operations and minimize the risks. Risk management helps them stay on top of the market challenges and trends in the relevant industry. However, markets and industries are dynamic concepts. To answer the latest challenges, risk analysis has to be active as well. More Precise Risk Models. Interconnectedness and Collective Risk Management.

How Companies Say They’re Using Big Data

Harvard Business

” Survey respondents included Presidents, Chief Information Officers, Chief Analytics Officers, Chief Marketing Officers, and Chief Data Officers representing 50 industry giants, including American Express, Capital One, Disney, Ford Motors, General Electric, JP Morgan, MetLife, Nielsen, Turner Broadcasting, United Parcel Service, and USAA. Companies that fail to adapt do so at their own competitive and market risk. Laura Schneider for HBR.

Can Your C-Suite Handle Big Data?

Harvard Business Review

Adding a chief marketing officer (CMO) became crucial as new channels and media raised the complexity of brand building, while Chief strategy officers (CSOs) joined top teams to help grapple with complex and fast-changing global markets. Because the new data analytics horizons typically span a range of functions, including marketing, risk, and operations, the C-suite evolution may take a variety of paths. Information & technology Leadership

If Crowdfunding is the New Day Trading, Look Out

Harvard Business Review

In an essay earlier this week on the evolution of money and finance, GigaOM founder and venture capitalist Om Malik argued that crowdfunding will be the new day trading, the latest financial innovation to “cut costs and [drive] wider participation in a previously closed and clubby market.” ” ( Subsequent research determined that fewer than 1% of day traders consistently beat the market.) Entrepreneurship Finance Technology

Building a Minimum Viable Product? You're Probably Doing it Wrong

Harvard Business Review

For example, Drew Houston''s March 2008 Digg video for Dropbox generated 70K signups for a product that hadn''t been released yet — and went a long way in confirming product-market fit. While useful, invalidating MVPs are only possible when better products can be produced in small batches — making them difficult when product quality depends on scale of use or when low-quality alternatives abound in the market. Test market risk first.

When “Scratch Your Own Itch” Is Dangerous Advice for Entrepreneurs

Harvard Business Review

This approach to entrepreneurship increases your market knowledge: as a potential user, you know the problem, how you’re currently trying to solve it, and what dimensions of performance matter. And you can use this knowledge to avoid much of the market risk in building a new product. Even with a technological head start, wining the fight for incumbents’ most profitable customers is nearly impossible.

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The Status Quo Is Risky, Too

Harvard Business Review

If your ideas are met with choruses of “that will never work,” “we can’t take that risk,” “let’s just stick with the plan,” your teammates are likely falling prey to a common decision making bias that former Rotman dean Roger Martin refers to as Underestimating the Risk of the Status Quo. Martin describes how executive teams carefully explore the risk of different courses of action, but neglect to make a similar assessment of the risk of staying the course.

Entrepreneurship: A Working Definition

Harvard Business Review

Because they are pursuing a novel opportunity while lacking access to required resources, entrepreneurs face considerable risk, which comes in four main types. Demand risk relates to prospective customers' willingness to adopt the solution envisioned by the entrepreneur. Technology risk is high when engineering or scientific breakthroughs are required to bring a solution to fruition. On the one hand, it can be difficult to reduce risk without resources.

Business Can't Solve the World's Problems — But Capitalism Can

Harvard Business Review

Business will move the great masses of humanity forward with advancements in pharmaceuticals, materials, process, and technology — but it will almost always leave 10% behind. Even social business will not address those issues for which markets cannot be developed. Philanthropy is the market for love. This nonprofit rulebook discriminates against charities in at least five different areas: compensation, marketing, risk taking, time horizons, and capital itself.

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