How Firms can Reap the Rewards of Innovation
These days almost every company worth its balance sheet insists that it invests in "innovation." But does it make or lose money on these investments? That is the question that James Andrew and Harold Sirkin tackle in their new book titled, Payback: Reaping the Rewards of Innovation. According to the authors, who are senior vice presidents and directors of The Boston Consulting Group, a new idea is just an invention -- and not a true innovation -- unless it generates financial returns. In an inte
Part IV: Timing Is an Art Form
Cisco SVP Dan Scheinman and Wharton's Saikat Chaudhuri Discuss Acquisitions and Innovation, Part IV: Timing Is an Art Form
Dana Gioia on the Close Connection between Business and Poetry
Dana Gioia (pronounced Joy-a) claims to be the only person in history who went to business school to be a poet. Having earned a degree from Stanford's graduate school of business, he worked 15 years in corporate life, eventually becoming vice president of General Foods. In 1991, Gioia wrote an influential collection of essays titled, "Can Poetry Matter?" in which he explored, among other themes, the nexus between business and poetry. Since 2002, he has been chairman of the National Endowment of
Finding That Sweet Spot: A New Way to Drive Innovation
Larry Huston was vice president of knowledge and innovation for many years at Procter & Gamble. During that time, he was the architect of its Connect + Develop program, the creator of P&G's Brand Bootcamp operation, and innovation leader for the company's global fabric and homecare business, among other initiatives. He is now managing partner of 4INNO, and recently joined Wharton's Mack Center for Technological Innovation as a senior fellow. Knowledge@Wharton asked Huston to talk about innovatio
Craigslist's Craig Newmark: '100% of What We Do Is Based on Community'
Jon Spector, a former Wharton vice dean and now CEO of the Conference Board, spoke with participants at the Community 2.0 conference in Las Vegas earlier this year to explore how companies are trying to harness communities to reshape their businesses. In this podcast, Spector speaks with Craig Newmark, founder and customer service rep of Craigslist.com. Spector is a co-author, with Barry Libert, of the forthcoming Wharton School Publishing book, "We Are Smarter Than Me: How to Unleash the Power
Looking for a Company to Run? Search Funds Could Be the Answer
For those entrepreneurs who want to run a company but prefer to skip the start-up stage, search funds offer a possible alternative. A specialized form of private equity first launched in the mid-1980s, search funds are becoming increasingly popular -- and their supporters claim they can offer investors attractive returns and business owners a compelling exit strategy. What does this trend in private equity mean for investors, and for small businesses that might be acquisition targets for these f
The Son Also Rises: Donald Trump, Jr., on Real Estate Opportunities in Emerging Markets
Back in the heady days of the real estate boom, property prices in New York City soared along with those in the rest of the U.S. When the subprime mortgage crisis hit and prices collapsed, the city's market held out longer than others -- for two reasons. First, it is a major financial center with strong demand; and second, the weak dollar made it possible for international buyers and investors to find deals at discounts as high as 40%. Where will the New York market be in 2009? Where are the mos
The Bernard Madoff Case: Trust Takes Another Blow
Successful marketplaces -- indeed, all social systems -- require a level of ethical behavior among their participants. In an interview with Knowledge@Wharton, professors Maurice E. Schweitzer and G. Richard Shell, who have conducted extensive research on the role of trust in markets, explain why even the most sophisticated investors put their faith in Bernard Madoff, the New York City financier recently accused of running a $50 billion Ponzi scheme. That breach of trust has damaged the broader m
Gávea Investimentos' Arminio Fraga: 'We Are Still in Crisis Mode'
Arminio Fraga was president of the Central Bank of Brazil from 1999 to 2002. He has sometimes been called the Alan Greenspan of Latin America, though that comparison may not sit well these days as Greenspan comes in for his share of the blame for the global financial crisis. In 2001, Fraga founded the Rio de Janeiro-based Gávea Investimentos, an independent asset management company. It operates principally in the areas of hedge funds, wealth management and illiquid investment strategies. In an
Le 3 juillet 1608 — La fondation de Québec : les Français s’installent en Amérique du ... Si, le 3 juillet 1608, Samuel de Champlain établit un poste de traite à Québec, c’est que, dès 1603, il en avait obtenu l’autorisation par le chef montagnais Anadabijou. A cette époque, il avait promis de prêter main-forte aux Montagnais dans leur guerre contre les Iroquois. Lors de la fondation ...
Si, le 3 juillet 1608, Samuel de Champlain établit un poste de traite à Québec, c’est que, dès 1603, il en avait obtenu l’autorisation par le chef montagnais Anadabijou. A cette époque, il avait promis de prêter main-forte aux Montagnais dans leur guerre contre les Iroquois. Lors de la fondation ...
Providence Equity's Gaurav Sharma: 'Private Equity Is Now a More Mature Market'
In the world of private equity, Providence Equity Partners is a specialist. The firm, whose headquarters are in Providence, R.I., specializes in deals involving media, entertainment, information and communications companies. In 2007, Providence Equity opened its New Delhi office, headed by Biswajit (Bis) Subramanian, who had earlier been a managing director in the firm's London office. By mid 2008, Providence Equity had invested more than US$1 billion in Idea Cellular, which, according to media
FCC's Cable TV Ruling: Will the Competitive Landscape Change?
For cable TV companies in the U.S., August 28 was a day to celebrate. Ending several years of regulatory battles, a ruling by the U.S. Court of Appeals came down in favor of Philadelphia-based Comcast, which sought to overturn the Federal Communications Commission's contentious 30% market share limit on cable TV operators. Not everyone is happy about the ruling, fearing it will lead to cable monopolies. In contrast, Peter S. Fader, professor of marketing and co-director of the Wharton Interactiv
22 Oct 2010: Baker Institute Student Forum: Grade the President
With the 2010 midterm election rapidly approaching, the Baker Institute Student Forum presents a Rice University student-led discussion on the first two years of the Obama administration. Four students from the Rice University Young Democrats and four students from the Rice University Conservatives Forum will evaluate President Barack Obama in four major policy areas. The audience will be encouraged to participate in the conversation through a question-and-answer session with the panelists, and
Panel Discussion: Obama One Year On
Writer Courtney Martin moderates a panel exploring the state of America one year after the inauguration of Barack Obama. This event took place at the Elizabeth A. Sackler Center for Feminist Art on January 30, 2009. Video courtesy Elizabeth A. Sackler Foundation.
Sponsors cut ties with Clippers
Subscribe: http://smarturl.it/reuterssubscribe Racist remarks allegedly made by Clippers owner Donald Sterling impact business, with sponsors distancing themselves with the club. Sarah Toms reports. Subscribe: http://smarturl.it/reuterssubscribe More Breaking News: http://smarturl.it/BreakingNews Reuters tells the world's stories like no one else. As the largest international multimedia news provider, Reuters provides coverage around the globe and across topics including business, financial,
Macbeth-Sleep Walking Scene
From the 1979 version of Macbeth, this is a clip of the sleep walking scene of the movie. This shows an excellent performance of the Shakespearean play. This clip can be used for scene analysis, character analysis, or reflection.
#Clemson Professor Judith McKnew with advice for graduates
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This case study describes the use of pod casts to support and enhance student decision making in the development and running of a new simulated company using business simulation software
A Night in the Coral Reef
This video segment, adapted from NOVA, explores how a coral reef ecosystem changes over the course of a day. When the sun is up, colorful fish and other plant-eating animals are active and dominate the reef. At night, the plant-eaters take shelter and are replaced by nocturnal carnivores, some of which exhibit special adaptations that enable them to successfully hunt in complete darkness. Closed captioning included. Run time 02:49.
R&D | Paola Antonelli | Salon 2 (1 of 6)
Paola Antonelli, Director of R&D and Senior Curator of Architecture and Design, MoMA, talks about society's current struggle with focus and attention. MoMA R&D Salon 2: Focus vs Distraction http://momarnd.moma.org/ December 11, 2012 All videos © 2014 The Museum of Modern Art, New York