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- HBS Book
Your True Moral Compass: Defining Reality, Responsibility, and Practicality in Your Leadership Moments
By: Joseph L. BadaraccoThis book presents a new, powerful, and practical way of making final decisions on the hard, complex, uncertain problems of life and work. What if you have looked at the data, talked with trusted colleagues, and applied all the relevant managerial and ethical frameworks, but you still don't know what is right. How should you make your final decision? This crucial question is rarely asked or answered. And some standard answers – follow your moral compass, your conscience, or your values – offer more inspiration than practical guidance. This book argues that, when we make final, hard decisions, we learn what is right by defining – personally – what is right. We find moral clarity by creating it. The book presents a fresh, challenging, and practical perspective on our hardest decisions. It offers a new conceptual approach for teachers and scholars and practical guidance for leaders and managers.
- HBS Book
Your True Moral Compass: Defining Reality, Responsibility, and Practicality in Your Leadership Moments
By: Joseph L. BadaraccoThis book presents a new, powerful, and practical way of making final decisions on the hard, complex, uncertain problems of life and work. What if you have looked at the data, talked with trusted colleagues, and applied all the relevant managerial and ethical frameworks, but you still don't know what is right. How should you make your final...
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- Research Policy 52, no. 8 (October 2023).
Laboratory Safety and Research Productivity
By: Alberto Galasso, Hong Luo and Brooklynn ZhuAre laboratory safety practices a tax on scientific productivity? We examine this question by exploiting the substantial increase in safety regulations at the University of California following the shocking accidental death of a research assistant in 2008. Difference-in-differences analyses show that relative to "dry labs" that use theoretical and computational methods, the publication rates of "wet labs" that conduct experiments using chemical and biological substances did not change significantly after the shock. At the same time, we find that wet labs that used dangerous compounds more frequently before the shock reduced their reliance on flammable materials and unfamiliar hazardous compounds afterward, even though their overall research agenda does not appear to be affected. Our findings suggest that laboratory safety may shape the production of science, but they do not support the claim that safety practices impose a significant tax on research productivity.
- Research Policy 52, no. 8 (October 2023).
Laboratory Safety and Research Productivity
By: Alberto Galasso, Hong Luo and Brooklynn ZhuAre laboratory safety practices a tax on scientific productivity? We examine this question by exploiting the substantial increase in safety regulations at the University of California following the shocking accidental death of a research assistant in 2008. Difference-in-differences analyses show that relative to "dry labs" that use theoretical and...
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- D^3 Institute
Open Source Software and Global Entrepreneurship
By: Nataliya Langburd Wright, Frank Nagle and Shane GreensteinThis is the first study to consider the relationship between open source software (OSS) and entrepreneurship around the globe. This study measures whether country-level participation on the GitHub OSS platform affects the founding of innovative ventures, and where it does so, for what types of ventures. We estimate these effects using cross-country variation in new venture founding and OSS participation. We propose an approach using instrumental variables, and cannot reject a causal interpretation. The study finds that an increase in GitHub participation in a given country generates an increase in the number of new technology ventures within that country in the subsequent year. The evidence suggests this relationship is complementary to a country’s endowments, and does not substitute for them. In addition to this positive change in the rate of entrepreneurship, we also find a change in direction—OSS contributions lead to new ventures that are more mission- and global-oriented and are of a higher quality.
- D^3 Institute
Open Source Software and Global Entrepreneurship
By: Nataliya Langburd Wright, Frank Nagle and Shane GreensteinThis is the first study to consider the relationship between open source software (OSS) and entrepreneurship around the globe. This study measures whether country-level participation on the GitHub OSS platform affects the founding of innovative ventures, and where it does so, for what types of ventures. We estimate these effects using...
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- Featured Case
Team Liquid: Fueling the Business of Fandom
By: Youngme Moon and Kerry HermanIn 2023, the co-CEOs of Team Liquid, one of the world's most prominent Esports organization, are deciding whether and how to evolve their business model to include (1) a greater focus on enterprise revenue; and (2) more direct-to-consumer activity. Team Liquid has one of the largest global fanbases in the world. The case is an exploration of how an organization can build a business that is anchored by its FANS, as opposed to customers per se. The learnings are applicable to any organization with a strong fanbase--including sports teams, social media influencers, and the like.
- Featured Case
Team Liquid: Fueling the Business of Fandom
By: Youngme Moon and Kerry HermanIn 2023, the co-CEOs of Team Liquid, one of the world's most prominent Esports organization, are deciding whether and how to evolve their business model to include (1) a greater focus on enterprise revenue; and (2) more direct-to-consumer activity. Team Liquid has one of the largest global fanbases in the world. The case is an exploration of how...
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- Featured Case
Diamond Standard
By: Lauren H. Cohen, Zhaoheng Gong and Grace HeadingerCormac Kinney, Founder and CEO of Diamond Standard, was on a mission to transform the U.S. diamond market through unlocking the precious gems as market-traded assets. As a serial FinTech entrepreneur, he hoped to add an additional service to his vault: Carats. The commodity currency would be backed by a fungible resource, being the first in its field to have a physical-digital combination. Following the recent crypto-market crash, Kinney wondered if this was the right opportunity to launch his product. Although Kinney saw Carats as the best of both gold and other decentralized currencies, his advisors were wary of the potential regulatory risks that could ensue, in addition to the current dreary landscape of the crypto-market. Should Diamond Standard pursue Kinney’s vision of Carats, or focus its limited resources on other diamond-backed financial products?
- Featured Case
Diamond Standard
By: Lauren H. Cohen, Zhaoheng Gong and Grace HeadingerCormac Kinney, Founder and CEO of Diamond Standard, was on a mission to transform the U.S. diamond market through unlocking the precious gems as market-traded assets. As a serial FinTech entrepreneur, he hoped to add an additional service to his vault: Carats. The commodity currency would be backed by a fungible resource, being the first in its...
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- HBS Working Paper
Deglobalization and Entrepreneurial Investment: The Natural Experiment of Brexit
By: Juan AlcacerWe seek to gain insight into the consequences of deglobalization on entrepreneurial investment by analyzing an instance of economic disintegration: the United Kingdom’s exit from the European Union. Brexit is not only a unique empirical opportunity, a natural experiment, but it is economically important, since the UK was the heart of entrepreneurial investment in Europe. The theory of international trade, at a macroeconomic level, and the theories of economic agglomeration and entrepreneurial location, at a firm level, all predict that economic disintegration would lead to a lose-lose scenario for both the UK and the EU, with the UK losing more. However, since these theories were developed in a period of slow increasing globalization, we lack knowledge on the specific mechanisms by which these losses occur.
- HBS Working Paper
Deglobalization and Entrepreneurial Investment: The Natural Experiment of Brexit
By: Juan AlcacerWe seek to gain insight into the consequences of deglobalization on entrepreneurial investment by analyzing an instance of economic disintegration: the United Kingdom’s exit from the European Union. Brexit is not only a unique empirical opportunity, a natural experiment, but it is economically important, since the UK was the heart of...
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- HBS Working Paper
Global Supply Chains: The Looming 'Great Reallocation'
By: Laura Alfaro and Davin ChorGlobal supply chains have come under unprecedented stress as a result of U.S.-China trade tensions, the COVID-19 pandemic, and geopolitical shocks. We document shifts in the pattern of U.S. participation in global value chains over the last four decades, in terms of partner countries, products, and modes, with a focus on the last five years (2017–2022). The available data point to a looming “great reallocation” in supply chain activity: Direct U.S. sourcing from China has decreased, with low-wage locations (principally: Vietnam) and nearshoring/friendshoring alternatives (notably: Mexico) gaining in import share. The production line positioning of the U.S.’ imports has also become more upstream, which is indicative of some reshoring of production stages. We sound several cautionary notes over the policies that have set this reallocation in motion.
- HBS Working Paper
Global Supply Chains: The Looming 'Great Reallocation'
By: Laura Alfaro and Davin ChorGlobal supply chains have come under unprecedented stress as a result of U.S.-China trade tensions, the COVID-19 pandemic, and geopolitical shocks. We document shifts in the pattern of U.S. participation in global value chains over the last four decades, in terms of partner countries, products, and modes, with a focus on the last five years...
Initiatives & Projects
Business & Environment
Seminars & Conferences
- 29 Nov 2023
Scott Baker, Kellogg School of Management
- 04 Dec 2023
Systems Change: Lessons from the Field
Recent Publications
Clinician Response to Patient Medication Prices Displayed in the Electronic Health Record
- October 2023 |
- Article |
- JAMA Internal Medicine
Save More Today or Tomorrow: The Role of Urgency in Pre-commitment Design
- December 2023 |
- Article |
- Journal of Marketing Research (JMR)
'Care in Every Drop': Ayala Corporation and Manila Water (B)
- November 2023 |
- Supplement |
- Faculty Research
'Care in Every Drop': Ayala Corporation and Manila Water (A)
- November 2023 |
- Case |
- Faculty Research
Riiid: Scaling AI Educational Services Globally
- November 2023 |
- Case |
- Faculty Research
Life Cycle Assessment: An Overview
- November 2023 |
- Background Note |
- Faculty Research
IBJ, Inc. (A-B): Seeking Matrimony in Japan
- November 2023 |
- Teaching Note |
- Faculty Research
Infarm: Betting the (Indoor) Farm on Food Security
- November 2023 |
- Case |
- Faculty Research