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What Spinning Off a GE Business Taught Me About Managing Ultra-Fast Change

Harvard Business Review

So four years ago, when I was CEO of GE Capital Retail Finance and tapped to lead a mega change initiative — splitting off our unit into a new, publicly traded company, Synchrony Financial — I’ll admit I viewed it as a huge challenge. Very quickly, common concerns bubbled up.

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Myths of the Gig Economy, Corrected

Harvard Business Review

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.”

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Many CEOs Aren’t Breakthrough Innovators (and That’s OK)

Harvard Business Review

However, CEOs often don’t have the career background and education that would equip them to personally lead the process of new product development. For example, Qualcomm’s CDMA mobile technology was a breakthrough that led to its IPO in 1991. Innovation is widely regarded as important to long-term business performance.

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Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. Investors have perpetuated a compensation structure where VCs can generate significant personal income over their career, even when they make no money for their LPs. Finance Venture capital'

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What Apple Should Do with Its Massive Piles of Money

Harvard Business Review

As I pointed out in my earlier post , the only funds that Apple ever raised on the public stock market was $97 million (about $274 million in today’s dollars) at its IPO in 1980. Yet these careers and the returns that they can generate are not guaranteed. That’s just 2.1% of Apple’s buybacks reported thus far for fiscal 2014.

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Business Should Focus on Sociality, Not Social "Media"

Harvard Business Review

And then not just package it neatly, sell it cheap, and finance it cheaper — you're going to have co-create it with them, instill it in them, and imbibe it from them. Now, let's talk about meggings , and their even less fortunately named cousin, mantyhose. Dr Feelawesome, speaking live at the Megamall of the McFuture!!").

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