BCG-K@W Procurement Report: Part 8: Peformance-based Logistics
These days, when the U.S. Department of Defense buys a fighter jet from Lockheed Martin, it doesn't simply pay Lockheed for the physical product. Instead, the government has a "performance-based contract" with the defense supplier, according to Serguei Netessine, professor of operations and information management at Wharton. This contract says, in effect, that the government's reimbursement to Lockheed hinges on the jets' performance -- that is, how often the planes are able to fly. In this inte
Light Years Measurement
Astronomers have more practical units of measurement, such as the light-year, to describe the vast distances between objects in the universe. Because light does not travel instantaneously—in a vacuum, light travels at a finite speed of about 300,000 km/s (186,000 mi/s)—it takes time for light to travel through the universe. One light-year is equal to the distance that light can travel in one year's time, which is nearly 10 trillion km. Thus, Proxima Centauri is about four light-years away. T
Changes in the Air: What Will Come of the Copenhagen Climate Summit?
More than 100 world leaders gathered in Copenhagen on December 7 for a two-week summit meeting whose ambitious aim is to renew the Kyoto protocol on climate change. The issues being discussed include reducing emissions of green-house gases and setting a price for carbon, among others. What are the likely business implications of these issues? What new challenges and opportunities will they create during the coming months? Knowledge@Wharton discussed these topics with Wharton legal studies and bu
Facts About the Pyramids of Egypt
The pyramids of Egypt were built originally as tombs for Pharaohs, but no one is sure exactly how they were built. Learn more about these wonders of the world with answers from an experienced history teacher. (1:19)
"Yesterday" by W S Merwin (poetry reading)
"Yesterday" is a word more often used in a figurative rather than a literal sense. My three-year-old daughter avoids ambiguity with her own word "lasterday" which means any day from the past. There are few things that we cherish more than the neologisms of our children, their comic misapprehensions and their astonishing insights. My son when three years old came in from playing outside and said " Hey Dad, there's a great big catalogue in the garage" I thought maybe the postman had left it an
Trailer: Passport to the Universe (Narrated by Tom Hanks)
The American Museum of Natural History is launching a double feature of the Museum's space shows as part of the year-long celebration commemorating the 10th anniversary of the opening of the Frederick Phineas and Sandra Priest Rose Center for Earth and Space. The double feature includes the Museum's first two space shows: "Passport to the Universe" (narrated by Tom Hanks), which launches visitors on a thrilling trip through space and time; and "The Search For Life: Are We Alone?" (narrated by H
James M. Lang, ON COURSE: A Week-by-Week Guide to Your First Semester of College Teaching
"Briskly moving through the basics, [Lang] tackles the hard questions...with humor and insight...'On Course' is a vital resource for educators, even those who don't fit the first-year college-teaching market. My copy is dotted with notes about new ideas to try out in my lecture class this fall. Happily though, I took away from Lang's guidebook much more than techniques." -Barbara J. King, Bookslut.com For more on the book, visit http://www.hup.harvard.edu/catalog.php?isbn=9780674047419
The Facebook Effect with Mark Zuckerberg
[Recorded: July 21, 2010] The growth and impact of Facebook is mind blowing, even for an industry that considers "overnight success" to be a long-range goal. Founded in a Harvard dorm room on February 4th 2004 by 19-year-old Mark Zuckerberg, Facebook announced in July 2010 that had it reached the milestone of 500 million registered users. Facebook isn't just an American success story, most users are outside of the United States and half of them log on every day. Facebook has already made an irr
Today in Britain (1964) - extract
Narrated by the journalist James Cameron, 'Today in Britain' offers a snapshot of the United Kingdom in the year that Harold Wilson became Prime Minister on the back of his "white heat of technology" speech (although he never actually uttered that specific phrase). There's much emphasis on Britain's inventive genius, not just in the atomic era but also throughout its history, as seen here in this whistle-stop, partly-animated guided tour. (Michael Brooke) The complete film is one of 32 include
Political change in China is ‘almost inevitable’ but Beijing has ‘nothing to fear’: Anson Ch
Asian pro-democracy advocate Anson Chan says China has ‘nothing to fear’ in allowing Hong Kong full democracy.
The Nigerian Paradox : Is it fading away?
Emeka Onwuka, CEO of Diamond Bank, talks to INSEAD Knowledge about Nigeria's economy.
Think big, start small and move fast
Business school students have changed since Julie Meyer, the venture capitalist who is chief executive and founder of Ariadne Capital, did her MBA in the late 1990s. Then, no-one wanted to start their own business, she thought. Financing them, though, seemed more attractive to many.
Family conflict: trial by jury
Last October, US real estate investment company Meritex Enterprises, owned by the McNeely family, was named family business of the year by Minnesota Business Magazine.
Leveraging the India connection: Cobra Beer’s Lord Bilimoria
The UK beer market is one of the most competitive in the world but that did not deter Karan Bilimoria, an expat Indian with no prior experience, from taking it on.
Opportunities and risks in magazine publishing
Setting up a new magazine is perhaps riskier now than ever before as more and more people turn to the internet for news and entertainment. Of the thousands of magazines launched each year, most fail and only some 25 per cent survive the first year, says Chris Fodor, who has three decades of experience in magazine publishing.
Still, this has not stopped either Fodor or Jasper Becker, a former Beijing bureau chief with Hong Kong newspaper, the South China Morning Post, from defying the o
‘Leave no stones unturned’: due diligence in China’s private equity market
China’s budding private equity industry is booming, with new firms springing up every other day to tap the country’s vast economic potential. But even as competition for deals heats up, investment firms should be wary about being too hasty in concluding their corporate due diligence.
What’s your CEO really worth? INSEAD’s Corporate Governance Initiative creates a model.
If there is a culprit behind the dismal state of corporate governance today, INSEAD Professor Ludo Van der Heyden blames Wall Street capitalism.
Tech innovation in the Middle East
INSEAD Professor in Business and Technology Soumitra Dutta looks at how countries in the Middle East are faring in terms of technological innovation.
Total: A difficult balancing act
Energy companies are being asked to meet growing world energy demand, but at the same time, theyre expected to cut carbon dioxide emissions. World energy demand is growing at 1.5 per cent a year. Meanwhile, negotiations are underway under the auspices of the United Nations Framework for Climate Change to broker consensus for curbing greenhouse gas emissions. Its something of a conundrum.
Fast Strategy: Staying ahead of the game
How can you make sure your company not only keeps its edge over its competitors, but also seizes new opportunities? In a new book called Fast Strategy: How strategic agility will help you stay ahead of the game, INSEAD professor Yves Doz and co-author Mikko Kosonen, a former senior Nokia executive, say the best way to do this is by making the most of what they call ‘strategic agility’.
"I personally experienced how Nokia, as a leading company, gradually lost some of its strategic s