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1. M. Ferguson, “Preparing for a Blockchain Future,” MIT Sloan Management Review, September 11, 2018, https://sloanreview.mit.edu. LW Cong and F. Klotz, “Navigating the Next Wave of Blockchain Innovation: Smart Contracts,” MIT Sloan Management Review, September 26, 2018, https://sloanreview.mit.edu. T. Felin and K. Lakhani, “What problems does blockchain solve?” MIT Sloan Management Review 60, no. 1 (Fall 2018): 32-38. 2. M. Iansiti and KR Lakhani, “The Truth About Blockchain,” Harvard Business Review 95, no. 1 (January-February 2017): 118-127. 3. S. Madnick, “Blockchain is not as indestructible as you think,” MIT Sloan Management Review 61, no. 2 (Winter 2020): 66-70; C. Catalini…
“Without rational analysis, neither vision nor discovery leads to strategic success,” write Stanford GSB professors Jesper Sorensen and Glenn Carroll. | iStock/Eyes that see There is no shortage of advice on the technicalities of business strategy. However, in a 2019 survey of 6,000 executives by consulting firm Strategy&, only 37% said their company had a clear strategy, and only 37% believed that strategy would lead to success. was only 35%. Professors Jesper Sorensen and Glenn Carroll of the Stanford Graduate School of Business point out that a lack of confidence in one's ability to formulate sound strategies is due to…
Established companies in the life sciences, technology, and retail sectors are among the businesses entering the digital health market, along with thousands of start-ups. All seek to create value by applying technology to address the current issues in the delivery and management of healthcare. From our experience in business-model innovation and business building, we believe there are six interconnected building blocks required to build a scalable business (Exhibit 1). To illustrate how these elements apply to digital health, we interviewed six leaders of digital health companies to distill their experiences into key learnings. Define a clear value proposition to address…
article January 12, 2021 RESEARCH FOCUS — Shigeru Fujita, a research economist at the Federal Reserve Bank of Philadelphia, is trying to understand how overall labor market participation rates change depending on the strength of the economy. Throughout the ups and downs of the economy, people decide whether to join the labor force or become “nonparticipants.” These decisions and their effects are increasingly being studied by economists. Nonparticipation differs from unemployment in that unemployed people, by definition, actively seek work, whereas nonparticipants are out of the labor force because they are either retired or disabled, perform…
When starting a business, creating a strong business plan is one of the first steps. A business plan can include a variety of things, from a detailed description of your products or services and pricing model to a financial projection for at least three years. So, if you're not sure how to get started, or you just want to make the process easier, business plan software can help.In this guide, we'll take a closer look at five of the best business plan software options, discussing the pros and cons, features, pricing, and more of each, giving you all the information…
The COVID-19 recession that began in March brought an end to the longest economic expansion in state history. Now that the expansion is over, we examine how the state's economy developed from 2007 to early 2020 and how its experience differed from the rest of the country. The first chart shows the number of jobs in 10 broad sectors in the state at the end of the last economic expansion in July 2007 and in February 2020. The largest absolute increases over this period were in the education/health and leisure/hospitality sectors, followed by professional and technical services (including business management),…
Know your customer (KYC) processes are a fundamental element of AML/CFT regulations in most jurisdictions around the world. KYC requires banks and other financial service providers to verify and verify the identity of their customers in order to assess their money laundering risks and understand their trading behavior. However, similar verification measures are required when financial institutions transact with other businesses as part of supply chains, stakeholders, beneficiaries, or similar relationships. In this context, that verification process is called Know Your Business (KYB). As an extension of the KYC process, businesses need to understand the methods and practical ways to…
In addition to director-directed program and academic support, Leeds Scholars offers opportunities to: mentoring During the first year of the program, each Leeds Scholar must contact an upperclassman Leeds Scholar. Through this outreach, students can expand their knowledge about general education, career paths, and extracurricular activities. In her second year, a Leeds Scholar will receive mentorship from young graduates of Leeds Business School as well as other experienced professionals in her field of interest. As a junior, scholars will receive expert guidance from Leeds graduates with over 10 years of experience in the scholar's area of interest. You will also…
article Q1 2019 Economic insights — Economists are not prophets. They can't accurately predict when the next recession will begin. But as Thorsten Drautzburg explains, their models can at least help us understand why recessions are happening and what we can do about them. Economists don't know when the next recession will come […]Economic expansions do not end in old age, but die due to bubbles, central bank mistakes, or unexpected shocks to economic supply (e.g. rising energy prices, credit disruptions) or falling demand (e.g. falling incomes or assets).—Jared Bernstein, The Washington Post, July 5, 2018…
Mehrere Tech-Unternehmer invests in Berlin health startup Plusdental. Achieve even more in Saanspangen. Eva-Maria Meijnen wrote the Plusdental Gemeinsam with Peter Baumgart and Lukas Brosseder. The Berlin startup Plusdental has secured a first round of funding. The company is backed by Cadence Growth Capital, a private equity fund in Munich, with Lieferando, Klarna and SAP as responsible parties for the entire capital of the Tech Unternehmen. On Laut's website, the ticket price is listed at 50 million euros, along with the total amount for Plusdental. Initially, Plusdental, the Chinese investor from Holtzbrinck Ventures and Lakestar, will invest 32 million euros.…