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Why We Shouldn’t Worry About the Declining Number of Public Companies

Harvard Business Review

In a parallel development, the number of companies listed on U.S. stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality.

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Why Winner-Takes-All Thinking Doesn’t Apply to Silicon Valley

Harvard Business Review

Twitter’s market cap just plummeted after a bad earnings report. Given that news, it seems that businesses that have dominated their markets are learning that the magic elixir of network effects and winner-takes-all advantages are about as reliable as cures for baldness. What markets have these companies actually won?

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NewTV Is the Antithesis of a Lean Startup. Can It Work?

Harvard Business Review

Because the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. The mantra of “ first-mover advantage ,” the idea that winners are the ones who are the first entrants in their markets, became the conventional wisdom in Silicon Valley.

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Growing, or Not, in an Age of Permanent Volatility

Harvard Business Review

In a recent Accenture study involving 1000 CFOs and CMOs across eight industries and a dozen countries in developed and emerging markets, 85 percent of executives expected their companies to grow at a rate equal to or significantly greater than global growth forecasts. Why is a growth market that "lifts all boats" so tough to imagine?

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When to Change a Winning Strategy

Harvard Business Review

In our research on the telecom industry, for example, we found that the great majority of the executives we surveyed preferred internal development to external sourcing when they needed to develop differentiated products and services. Companies tend to repeat what has worked for them in the past. so as to increase coverage.

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Microsoft’s Bid to Make Outlook More than Email

Harvard Business Review

Apple’s iPod started as a music-playing device, until it developed the iTunes music store and App Store to connect content providers and app develops to iPod users. Outlook’s market share still lags behind the default mobile email clients on iPhone, iPad, and Android. Grow mobile.

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What Investors Need to Know About Zimbabwe After Mugabe

Harvard Business Review

Mugabe’s ouster and replacement with his one-time deputy, Emmerson Mnangagwa, was the most significant development in the Southern African nation since it gained independence from Britain in 1980. This is promising for a market formerly dubbed the “breadbasket of Africa.” billion a decade later.