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Is Venture Capital Broken?

Harvard Business Review

Our research suggests that investors like us succumb time and again to narrative fallacies, a well-studied behavioral finance bias. Barriers to entry are decreasing and disruptive entrants are surging, a recipe that both Michael Porter and Clayton Christensen could agree augurs poorly for industry returns.

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In 2014, Resolve to Make Your Business Human Again

Harvard Business Review

Worshipping at what Christensen calls the “church of finance” hollows out a company’s competitive advantage, as it loses the capacity to invest in innovation that drives the perpetual reinvention so necessary in today’s world of temporary competitive advantage. And short-term numbers at that.

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article thumbnail

Is Venture Capital Broken?

Harvard Business Review

Our research suggests that investors like us succumb time and again to narrative fallacies, a well-studied behavioral finance bias. Barriers to entry are decreasing and disruptive entrants are surging, a recipe that both Michael Porter and Clayton Christensen could agree augurs poorly for industry returns.

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Strong Patient-Provider Relationships Drive Healthier Outcomes

Harvard Business Review

“The proper goal for any health care delivery system is to improve the value delivered to patients … To properly manage value, both outcomes and cost must be measured at the patient level,” Harvard’s Robert Kaplan and Michael Porter tell us. But, why do we only define patient value by outcomes and cost?

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Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business Review

Scaling Up Manizales ( Manizales-Más in Spanish), an economic development coalition of local institutions and the Babson Entrepreneurship Ecosystem Platform (BEEP), which I created and lead, was launched in 2012 with the ambitious aim of revolutionizing the pursuit of opportunity. strategic hires).

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Can the U.S. Become a Base for Serving the Global Economy?

Harvard Business Review

private-sector research and development. They include a weak K-12 education system; inadequate worker skills; a shortage of workers with backgrounds in science, technology, engineering and mathematics; restrictions on skilled immigrants; the crumbling infrastructure and a high corporate tax rate. In 2009, they accounted for 24.4%

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The Libor Scandal and the Price of Prosperity

Harvard Business Review

The most basic function of a financial system is to price money. Now, let me couch this for you in the human terms of political economy — the terms in which you and I should rightly conceive of an "economy" as the sum of the enduring human good; not merely as a set of pipes for the grease of finance to be injected into.

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