Harvard Business School Working Knowledge

Crowd Sourcing Is Helping Hollywood Reduce the Risk of Movie-Making

Mon, 09/16/2019 - 00:00
Hollywood insiders have created "The Black List," which helps surface good but often overlooked scripts. Does the wisdom of the crowd work at the box office? Research by Hong Luo.by Michael Blanding9289Hong Luo601709Research & Ideas

Germany May Have the Answer for Reducing Drug Prices

Wed, 09/11/2019 - 00:00
In Germany, drugmakers must prove that a new medication’s benefits merit a higher price than existing drugs. Ariel Dora Stern asks whether "value-based pricing" should become the standard elsewhere.by Danielle Kost9307Ariel D. Stern735581Research & Ideas

Even for Non-Believers, These Are the Next Steps on Climate Change

Sat, 09/07/2019 - 00:00
Are there immediate steps business and government should take to address climate change? Somewhere between trillion-dollar solutions and the next eco-calamity are opportunities to take action, argues John Macomber.by John Macomber9306John D. Macomber92011Op-Ed

Experimentation and Startup Performance: Evidence from A/B Testing

Fri, 09/06/2019 - 00:00
Is experimentation the right strategy for startups? This analysis of the adoption of A/B testing technology by 35,000 global startups provides evidence that a strategy based on repeated experimentation will improve performance over time, but benefits vary.by Rembrand Koning, Sharique Hasan, and Aaron Chatterji9304Rembrand M. Koning876389Working Paper Summaries

Making the Right Technical Hire

Thu, 09/05/2019 - 00:00
CEOs are usually more comfortable making key hires on the business side of the house than the technology side. Here is what executives need to understand about technical hires, according to Julia Austin.by Julia Austin9298Julia B. Austin873098Sharpening Your Skills

The Value of Intermediation in the Stock Market

Thu, 09/05/2019 - 00:00
Despite the rise of alternative trading platforms, high-touch broker trading remains prominent in institutional equity markets. The authors analyze how fees, research, quality of execution, and information can help explain how execution decisions and preferences vary across investors.by Marco Di Maggio, Mark Egan, and Francesco Franzoni9303Marco Di Maggio697248Mark L. Egan774513Working Paper Summaries

'I Know Why You Voted for Trump' and Other Motivation Misperceptions

Wed, 09/04/2019 - 00:00
We often make knee-jerk assumptions about what motivates other people’s choices, a bad habit both in the political and business worlds. Kate Barasz explains what we can do about it.by Dina Gerdeman9302Kate Barasz566390Research & Ideas

At Booking.com, Innovation Means Constant Failure

Tue, 09/03/2019 - 00:00
Re: Stefan H. Thomke9301Stefan H. Thomke6566Cold Call Podcast

Legislators' Response to Changes in the Electorate: The Great Migration and Civil Rights

Mon, 09/02/2019 - 00:00
The second Great Migration (1940–1970) brought to the US North and West more than four million African Americans. We show that this unique episode of internal migration contributed to the development and eventual success of civil rights legislation.by Alvaro Calderon, Vasiliki Fouka, and Marco Tabellini9300Working Paper Summaries

Are Overlooked Forces Shielding the US from Severe Economic Downturns?

Mon, 09/02/2019 - 00:00
Despite warnings of an imminent recession, the US economic expansion just hit 122 months. Is the country recession-proof more than others? asks James Heskett.by James Heskett9299What Do You Think?

Who Drives Digital Innovation? Evidence from the US Medical Device Industry

Wed, 08/28/2019 - 00:00
Major industries are undergoing a digital transformation, in which key aspects of new product development are migrating to a software-driven context. In the medical device industry, experience matters, as does the geographic clustering of new product development, which gives advantages to both new entrants and incumbent firms.by Cirrus Foroughi and Ariel Dora Stern9296Ariel D. Stern735581Working Paper Summaries

Lipstick Tips: How Influencers Are Making Over Beauty Marketing

Mon, 08/26/2019 - 00:00
Influencer marketing has quickly become the best way to reach beauty consumers, proving more effective than celebrity endorsements and company ads, according to research by Alessia Vettese.by Dina Gerdeman9285Geoffrey G. Jones24276Research & Ideas

Has the Corporate Mission Just Been Disrupted?

Fri, 08/23/2019 - 00:00
In a recent statement from the Business Roundtable, 200 powerful CEOs said corporations should widen their missions beyond just maximizing profits for shareholders.by Sean Silverthorne9295Research & Ideas

What Machine Learning Teaches Us about CEO Leadership Style

Wed, 08/21/2019 - 00:00
Tarun Khanna and Prithwiraj Choudhury use machine-learning technology to look for links between a CEO's communications style and company performance.by Michael Blanding9291Research & Ideas

Improving Customer Compatibility with Operational Transparency

Wed, 08/21/2019 - 00:00
Service firms seeking prospective customers usually highlight the advantages of their offerings and downplay the tradeoffs. This study suggests a different approach: Provide transparency into advantages as well as tradeoffs. The transparency helps customers make informed decisions and can lead to better outcomes for both firms and customers over the long run.by Ryan W. Buell and MoonSoo Choi9293Ryan W. Buell320524MoonSoo Choi958422Working Paper Summaries

Spatial Agglomeration and Superstar Firms: Firm-level Patterns from Europe and US

Tue, 08/20/2019 - 00:00
Large, productive, or internationalized firms tend to co-locate geographically. This study of the United States and Eurozone shows greater agglomeration around high performance plants, particularly multinationals.by Laura Alfaro, Maggie X. Chen, and Harald Fadinger9292Laura Alfaro6629Working Paper Summaries

Should a Pension Fund Try to Change the World?

Tue, 08/20/2019 - 00:00
Re: Rebecca M. Henderson, George Serafeim9290Rebecca M. Henderson12345George Serafeim15705Cold Call Podcast

The Manager's Guide to Leveraging Disruption

Wed, 08/14/2019 - 00:00
Clayton M. Christensen's seminal book, The Innovator's Dilemma, helped ignite the idea of innovative disruption. His Harvard Business School colleagues have been adding to innovation reseach ever since.by Sean Silverthorne9288Sharpening Your Skills

Case Histories of Significant Medical Advances

Mon, 08/12/2019 - 00:00
This series of nine working papers explores technologies that produced or significantly advanced between 1975 and 2000 that US internists say have greatly improved patient care.by Amar Bhidé, Srikant M. Datar, and Katherine Stebbins9287Srikant M. Datar6443Working Paper Summaries

How Scale Changes a Manager's Responsibilities

Mon, 08/12/2019 - 00:00
As small companies grow to around 100 employees, the skills of their managers are challenged in new ways. Julia Austin describes how leaders themselves must scale.by Julia Austin9277Julia B. Austin873098Research & Ideas