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- HBS Book
Corporate Explorer: How Corporations Beat Startups at the Innovation Game
By: Andrew Binns, Charles A. O'Reilly III and Michael TushmanInnovation used to be seen as a game best left to entrepreneurs, but now a new breed of corporate managers is flipping this logic on its head. These Corporate Explorers have the insight, resilience, and discipline to overcome the obstacles and build new ventures from inside even the largest organizations. Corporate Explorers are part entrepreneurs, using innovation disciplines to jump start cutting-edge ideas, and part change leaders, capable of creating support for investment. They see that corporations already own the ideas, resources, and—critically—the talent to build new ventures. Companies like Amazon, Microsoft, Bosch, LexisNexis, and Analog Devices enable managers to put these assets to use and gain an upper hand over startups that threaten to disrupt them.
- HBS Book
Corporate Explorer: How Corporations Beat Startups at the Innovation Game
By: Andrew Binns, Charles A. O'Reilly III and Michael TushmanInnovation used to be seen as a game best left to entrepreneurs, but now a new breed of corporate managers is flipping this logic on its head. These Corporate Explorers have the insight, resilience, and discipline to overcome the obstacles and build new ventures from inside even the largest organizations. Corporate Explorers are part...
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- Journal of Marketing Research (JMR) 59, no. 2 (April 2022): 374-391.
Demand Interactions in Sharing Economies: Evidence from a Natural Experiment Involving Airbnb and Uber/Lyft
By: Shunyuan Zhang, Dokyun Lee, Param Singh and Tridas MukhopadhyayWe examine whether and how ride-sharing services influence the demand for home-sharing services. Our identification strategy hinges on a natural experiment in which Uber/Lyft exited Austin, Texas, in May 2016 due to local regulation. Using a 12-month longitudinal dataset of 11,536 Airbnb properties, we find that Uber/Lyft’s exit led to a 14% decrease in Airbnb occupancy in Austin. In response, hosts decreased the nightly rate by $9.3 and the supply by 4.5%. We argue that when Uber/Lyft exited Austin, the transportation costs for most Airbnb guests increased significantly because most Airbnb properties (unlike hotels) have poor access to public transportation.
- Journal of Marketing Research (JMR) 59, no. 2 (April 2022): 374-391.
Demand Interactions in Sharing Economies: Evidence from a Natural Experiment Involving Airbnb and Uber/Lyft
By: Shunyuan Zhang, Dokyun Lee, Param Singh and Tridas MukhopadhyayWe examine whether and how ride-sharing services influence the demand for home-sharing services. Our identification strategy hinges on a natural experiment in which Uber/Lyft exited Austin, Texas, in May 2016 due to local regulation. Using a 12-month longitudinal dataset of 11,536 Airbnb properties, we find that Uber/Lyft’s exit led to a 14%...
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- Health Care Initiative
AI Insurance: How Liability Insurance Can Drive the Responsible Adoption of Artificial Intelligence in Health Care
By: Ariel Dora Stern, Avi Goldfarb and Timo MinssenDespite enthusiasm about the potential to apply artificial intelligence (AI) to medicine and health care delivery, adoption remains tepid, even for the most compelling technologies. In this article, the authors focus on one set of challenges to AI adoption: those related to liability. Well-designed AI liability insurance can mitigate predictable liability risks and uncertainties in a way that is aligned with the interests of health care’s main stakeholders, including patients, physicians, and health care organization leadership. A market for AI insurance will encourage the use of high-quality AI, because insurers will be most keen to underwrite those products that are demonstrably safe and effective. As such, well-designed AI insurance products are likely to reduce the uncertainty associated with liability risk for both manufacturers—including developers of software as a medical device—and clinician users and thereby increase innovation, competition, adoption, and trust in beneficial technological advances.
- Health Care Initiative
AI Insurance: How Liability Insurance Can Drive the Responsible Adoption of Artificial Intelligence in Health Care
By: Ariel Dora Stern, Avi Goldfarb and Timo MinssenDespite enthusiasm about the potential to apply artificial intelligence (AI) to medicine and health care delivery, adoption remains tepid, even for the most compelling technologies. In this article, the authors focus on one set of challenges to AI adoption: those related to liability. Well-designed AI liability insurance can mitigate predictable...
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- Featured Case
Danish Crown: Feeding the Future
By: David E. Bell, Damien P. McLoughlin, Daniela Beyersdorfer and Mette Fuglsang HjortshoejDanish Crown, one of the world’s largest exporters of pork meat and one of Europe’s top five producers of beef, faced increasing headwinds in 2021, making CEO Jais Valeur feel like the core of the meat business was under attack. As a cooperative and prominent player in Denmark’s high-standard agriculture sector, the company had particular responsibilities and constraints including a high labor and production cost and strict regulatory environment. More recently growing concerns over climate change had led to increasing criticism of the environmental impacts of livestock production. Consumers in Denmark and worldwide were turning away from meat, for its climate impact but also for concerns about animal welfare and their own health. The case discusses these industry trends and describes Danish Crown’s efforts to respond by transitioning to a more sustainable company.
- Featured Case
Danish Crown: Feeding the Future
By: David E. Bell, Damien P. McLoughlin, Daniela Beyersdorfer and Mette Fuglsang HjortshoejDanish Crown, one of the world’s largest exporters of pork meat and one of Europe’s top five producers of beef, faced increasing headwinds in 2021, making CEO Jais Valeur feel like the core of the meat business was under attack. As a cooperative and prominent player in Denmark’s high-standard agriculture sector, the company had particular...
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- Featured Case
In Data We Trust: Be Mobile Africa and Furthering Financial Inclusion Across the African Continent
By: Lauren Cohen, Grace Headinger and Pierre MarchesseaultTo Cédric Jeannot, leveraging technology to promote financial inclusion was personal. After no established financial institution would accept his technology platform to lower transaction costs for free, Jeannot launched FinTech company Be Mobile Africa in May 2020. Within a year, the company had reached over 35 countries with many potential users pending on its waiting lists. A ‘for-profit with purpose’, Be Mobile Africa aimed to lift 100 million people out of poverty by extending financial services to previously unbanked populations across the African continent. Racing towards its goal, the company needed a longer-term expansion strategy to fulfill Jeannot’s mission.
- Featured Case
In Data We Trust: Be Mobile Africa and Furthering Financial Inclusion Across the African Continent
By: Lauren Cohen, Grace Headinger and Pierre MarchesseaultTo Cédric Jeannot, leveraging technology to promote financial inclusion was personal. After no established financial institution would accept his technology platform to lower transaction costs for free, Jeannot launched FinTech company Be Mobile Africa in May 2020. Within a year, the company had reached over 35 countries with many potential users...
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- HBS Working Paper
Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment
By: Shai Benjamin Bernstein, Kunal Mehta, Richard Townsend and Ting XuWe analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives significantly more interest when information about top-tier investors is provided. Information about recent funding has no effect. The effect of top-tier investors is not driven by low-quality candidates and is stronger for earlier-stage startups. The results show that venture capitalists can add value passively, simply by attaching their names to startups.
- HBS Working Paper
Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment
By: Shai Benjamin Bernstein, Kunal Mehta, Richard Townsend and Ting XuWe analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives significantly more interest when information about...
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- HBS Working Paper
Can Evidence-Based Information Shift Preferences Towards Trade Policy?
By: Laura Alfaro, Maggie X. Chen and Davin ChorWe investigate the role of evidence-based information in shaping individuals' preferences for trade policies through a series of survey experiments that contain randomized information treatments. Each information treatment provides a concise statement of economics research findings on how openness to trade has affected labor market outcomes and goods prices. Across annual surveys from 2018-2021, each administered on a representative sample of the U.S. general population, we find that information highlighting the link between trade and manufacturing job losses significantly raises respondents' propensity to select limits on imports as a preferred policy; this tendency is only partially offset if respondents receive additional information describing the accompanying expansion in non-manufacturing jobs.
- HBS Working Paper
Can Evidence-Based Information Shift Preferences Towards Trade Policy?
By: Laura Alfaro, Maggie X. Chen and Davin ChorWe investigate the role of evidence-based information in shaping individuals' preferences for trade policies through a series of survey experiments that contain randomized information treatments. Each information treatment provides a concise statement of economics research findings on how openness to trade has affected labor market outcomes and...
Initiatives & Projects
Managing the Future of Work
Seminars & Conferences
- 17 May 2022
Tesary Lin, Boston University
- 18 May 2022
Morgan Hardy, New York University Abu Dhabi
Recent Publications
Multitasking While Driving: A Time Use Study of Commuting Knowledge Workers to Assess Current and Future Uses
- Article |
- International Journal of Human-Computer Studies
Founder Collective
- May 2022 |
- Case |
- Faculty Research
How to Build a Life: The Key to a Good Parent-Child Relationship? Low Expectations.
- May 12, 2022 |
- Article |
- The Atlantic
Why One Little Goof Drove Wordle Fans Nuts
- May 11, 2022 |
- Article |
- Bloomberg Opinion
Timnit Gebru: “SILENCED No More” on AI Bias and The Harms of Large Language Models
- May 2022 |
- Case |
- Faculty Research
Capture New Value from Your Existing Tech Infrastructure
- Article |
- Harvard Business Review Digital Articles
How to Build a Life: Ben Franklin’s Radical Theory of Happiness
- May 5, 2022 |
- Article |
- The Atlantic
Distributional Consequences of Monetary Policy Across Races: Evidence from the U.S. Credit Register
- 2022 |
- Working Paper |
- Faculty Research