- 26 Sep 2017
- Working Paper Summaries
Merchants and the Origins of Capitalism
This chapter shows how a new kind of predominantly Italian merchants emerged as global figures during the late Middle Ages and Renaissance. Then as now, they pooled capital and shared risk to enrich themselves and their polities, utilized the infrastructure and markets that they helped make, and created new legal and financial instruments to facilitate their ventures.
- 26 Sep 2017
- First Look
First Look at New Research and Ideas, September 26, 2017
Uber’s bumpy ride ... Is Taylor Swift an economic indicator? ... Using Yelp to study local economies in real time.
- 25 Sep 2017
- Research & Ideas
Why Politics is Failing America, and What Business Can Do To Help
How could a country that epitomized the success of modern democracy have fallen into such a state of failure? Michael Porter and Katherine Gehl find a rigged American political system that limits competition and works against the public interest. Open for comment; 0 Comments.
- 23 Sep 2017
- Working Paper Summaries
Nowcasting the Local Economy: Using Yelp Data to Measure Economic Activity at Scale
Data from online platforms ranging from Yelp to Zillow offer the potential for improved measurement of the local economy. This paper finds that Yelp data can predict business growth, as measured by the Census Bureau, before official statistics are released. Predictive power increases with population density, income, and education level.
- 21 Sep 2017
- Cold Call Podcast
State Street’s SHE: Investing in Women Leaders
As investors increasingly demand investment opportunities that match their social beliefs, financial services firms are busy designing new products. In this podcast, Vikram Gandhi discusses the expanding influence of impact investing and how State Street Global Advisers is responding. Open for comment; 0 Comments.
- 20 Sep 2017
- Research & Ideas
The Three Types of Leaders Who Create Radical Change
Every successful social movement requires three distinct leadership roles: the agitator, the innovator, and the orchestrator, according to institutional change expert Julie Battilana. Open for comment; 0 Comments.
- 19 Sep 2017
- Working Paper Summaries
An Invitation to Market Design
Effective market design can improve liquidity, efficiency, and equity in markets. This paper illustrates best practices in market design through three examples: the design of medical residency matching programs, a scrip system to allocate food donations to food banks, and the recent “Incentive Auction” that reallocated wireless spectrum from television broadcasters to telecoms.
- 19 Sep 2017
- First Look
First Look at New Research and Ideas, September 19
Designing better markets ... Can Mavi continue its winning streak? ... How channel integration benefits sales and inventory management
- 18 Sep 2017
- Research & Ideas
'Likes' Lead to Nothing—and Other Hard-Learned Lessons of Social Media Marketing
A decade-and-a-half after the dawn of social media marketing, brands are still learning what works and what doesn't with consumers. Open for comment; 0 Comments.
- 15 Sep 2017
- Working Paper Summaries
Debt Redemption and Reserve Accumulation
This study examines how reserve accumulation affects governments’ decisions to default. The analysis assumes that countries can accumulate reserves and borrow internationally using their own currency. Results suggest that the optimal level of international reserves is fairly large because their cost is mitigated by valuation-smoothing gains. The model matches some features of Brazil’s economic fluctuations.
- 14 Sep 2017
- Op-Ed
Op-Ed: Google Engineer Deserved to be Fired by the CEO
Was Google CEO Sundar Pichai right to fire engineer James Damore after his condemnation of the company's diversity initiatives? Of course, answers Bill George; treating colleagues as gender stereotypes rather than as individuals poisons the workplace. Open for comment; 0 Comments.
- 12 Sep 2017
- Working Paper Summaries
The Better is the Enemy of the Good
Previous research has shown that individuals’ self-serving responses to information may arise when payoff information is subjective or uncertain. This study, in the context of charitable giving, shows that individuals’ ability to respond to payoff information in a self-serving way even includes situations when information is complete and certain.
- 12 Sep 2017
- First Look
First Look at New Research and Ideas, September 12, 2017
The need to consider self-managing organizations...The downside of positive information...The case of Signet Jewelers
- 11 Sep 2017
- Working Paper Summaries
A Historical Approach to Clustering in Emerging Economies
Clusters are geographically concentrated and interlinked agglomerations of specialized firms in a particular domain. This paper argues that long-term studies of clusters in developing countries are necessary to explain the relevance of clusters for the activities of multinational enterprises, making of global business, and building of an integrated marketplace.
- 11 Sep 2017
- Research & Ideas
Why Employers Favor Men
Why are women discriminated against in hiring decisions? Research by Katherine Coffman, Christine Exley, and Muriel Niederle finds the answer is more subtle than expected. Open for comment; 0 Comments.
- 07 Sep 2017
- Cold Call Podcast
Faber-Castell Doubles Down on the Pencil
Some products are just harder to innovate than others. The pencil, for instance. Yet, Faber-Castell has been turning them out for more than 200 years, adding improvements such as color and cosmetic products to the mix. In this podcast, Ryan Raffaelli discusses how older products can become young again. Open for comment; 0 Comments.
- 06 Sep 2017
- Working Paper Summaries
Class Matters: The Role of Social Class in High-Achieving Women's Career Narratives
This analysis of interviews with 40 female executives and entrepreneurs highlights five distinct types of career narratives that high-achieving women employ to explain their own career success. These narratives vary with the women’s family-of-origin social class. Among its contributions to practice, the study sheds light on the diversity of approaches possible in a successful career.
- 06 Sep 2017
- What Do You Think?
Summing Up: What Are the Limits of CEO Activism?
Do CEOs have a responsibility to speak out when they encounter social injustice? James Heskett's readers offer a variety of viewpoints. Open for comment; 0 Comments.
- 05 Sep 2017
- Working Paper Summaries
Structural Transformation: A Competitiveness-based View
A critical challenge for many economies is how to accelerate structural change when market forces alone seem insufficient. This paper explores the relationship between two approaches. The Structural Transformation framework argues for identifying and supporting target sectors in line with ‘latent’ competitive advantages. The competitiveness framework emphasizes the need to systematically strengthen competitive advantages, with new sectors the outcome rather than the driver of competitiveness upgrading.
What Happens When Ordinary People Get Creative?
Move over, creative geniuses. Teresa Amabile says the world needs to pay more attention to the creative processes of everyday people, especially in an age when big ideas often come from the crowdsourced masses. Open for comment; 0 Comments.