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    • HBS Book

    Your True Moral Compass: Defining Reality, Responsibility, and Practicality in Your Leadership Moments

    By: Joseph L. Badaracco

    This 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. Badaracco

    This 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...

    • Research Policy 52, no. 8 (October 2023).

    Laboratory Safety and Research Productivity

    By: Alberto Galasso, Hong Luo and Brooklynn Zhu

    Are 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 Zhu

    Are 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...

    • D^3 Institute

    Open Source Software and Global Entrepreneurship

    By: Nataliya Langburd Wright, Frank Nagle and Shane Greenstein

    This 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 Greenstein

    This 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...

    • Featured Case

    Team Liquid: Fueling the Business of Fandom

    By: Youngme Moon and Kerry Herman

    In 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 Herman

    In 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...

    • Featured Case

    Diamond Standard

    By: Lauren H. Cohen, Zhaoheng Gong and Grace Headinger

    Cormac 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 Headinger

    Cormac 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...

    • HBS Working Paper

    Deglobalization and Entrepreneurial Investment: The Natural Experiment of Brexit

    By: Juan Alcacer

    We 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 Alcacer

    We 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...

    • HBS Working Paper

    Global Supply Chains: The Looming 'Great Reallocation'

    By: Laura Alfaro and Davin Chor

    Global 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 Chor

    Global 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

Social Enterprise

The Social Enterprise Initiative at HBS applies innovative business practices and managerial disciplines to drive sustained, high-impact social change.
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Seminars & Conferences

Dec 12
  • 12 Dec 2023

R. Edward Freeman, University of Virginia Darden School of Business

Dec 13
  • 13 Dec 2023

Cynthia Kinnan, Tufts University

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Recent Publications

Clinician Response to Patient Medication Prices Displayed in the Electronic Health Record

By: Anna D Sinaiko, Caroline E Sloan, Mark J Soto, Olivia Zhao, Chen-Tan Lin and Foster R Goss
  • October 2023 |
  • Article |
  • JAMA Internal Medicine
Citation
Purchase
Related
Sinaiko, Anna D., Caroline E Sloan, Mark J Soto, Olivia Zhao, Chen-Tan Lin, and Foster R Goss. "Clinician Response to Patient Medication Prices Displayed in the Electronic Health Record." JAMA Internal Medicine 183, no. 10 (October 2023): 1172–1175.

How to Build a Life: Harness the Power of Suggestion for Your Happiness

By: Arthur C. Brooks
  • December 7, 2023 |
  • Article |
  • The Atlantic
Citation
Related
Brooks, Arthur C. "How to Build a Life: Harness the Power of Suggestion for Your Happiness." The Atlantic (December 7, 2023).

Accounting for Loan Losses at JPMorgan Chase: Predicting Credit Costs

By: Jonas Heese and Jung Koo Kang
  • December 2023 |
  • Supplement |
  • Faculty Research
Citation
Purchase
Related
Heese, Jonas, and Jung Koo Kang. "Accounting for Loan Losses at JPMorgan Chase: Predicting Credit Costs." Harvard Business School Spreadsheet Supplement 124-708, December 2023.

Microsoft Azure and the Cloud Wars (B)

By: Andy Wu and Matt Higgins
  • December 2023 |
  • Case |
  • Faculty Research
By 2023, the global market for cloud infrastructure had consolidated into a three-horse race. As of Q4 2022, Amazon, Microsoft, and Google collectively accounted for 66% of the global market. AWS had a market share of 33%, Microsoft Azure had 23%, and Google Cloud had 11%. The global market for cloud services, valued at over $550 billion in 2023, was projected to grow at an annual rate of 15-20%, reaching over 2 billion by 2030. Though the growing demand for cloud services was a reassuring tailwind for Microsoft, the emergence of multicloud approaches in enterprise, the relentless price-pressure from competitors, and the threat of further commodification presented a wholly new set of challenges for Microsoft Azure. As the opportunities and threats of the multicloud future became clearer, Microsoft needed a multicloud strategy.
Citation
Educators
Related
Wu, Andy, and Matt Higgins. "Microsoft Azure and the Cloud Wars (B)." Harvard Business School Case 724-434, December 2023.

Ethical Analysis: Foundations

By: Nien-hê Hsieh
  • December 2023 |
  • Background Note |
  • Faculty Research
Citation
Educators
Related
Hsieh, Nien-hê. "Ethical Analysis: Foundations." Harvard Business School Background Note 324-059, December 2023.

Stop Assuming Introverts Aren't Passionate About Work

By: Kai Krautter, Anabel Büchner and Jon M. Jachimowicz
  • December 4, 2023 |
  • Article |
  • Harvard Business Review Digital Articles
Society often assumes that the only way to be passionate is to act extroverted, but that is simply not true. In their new research, the authors found that regardless of their actual level of passion, extroverted employees are perceived as more passionate than introverts. Moreover, this can drive substantial inequities in the workplace, as studies have shown that employees who are perceived as more passionate are rewarded by their managers, seen as higher-status and higher-potential, and are more likely to receive financial resources and other forms of support. The authors discuss what drives these (often flawed) perceptions of employee passion and present strategies for managers and employees to ensure that true passion — not just extroverted behaviors — are recognized and valued.
Citation
Related
Krautter, Kai, Anabel Büchner, and Jon M. Jachimowicz. "Stop Assuming Introverts Aren't Passionate About Work." Harvard Business Review Digital Articles (December 4, 2023).

Legal Analysis: Foundations

By: Louis Caldera, Matthew Souba and Nien-hê Hsieh
  • December 2023 |
  • Technical Note |
  • Faculty Research
Citation
Educators
Related
Caldera, Louis, Matthew Souba, and Nien-hê Hsieh. "Legal Analysis: Foundations." Harvard Business School Technical Note 324-058, December 2023.

Dynamic HTA for Digital Health Solutions: Opportunities and Challenges for Patient-centered Evaluation

By: Jan B. Brönneke, Annika Herr, Simon Reif and Ariel Dora Stern
  • 2023 |
  • Article |
  • International Journal of Technology Assessment in Health Care
Objectives Germany’s 2019 Digital Healthcare Act (Digitale-Versorgung-Gesetz, or DVG) created a number of opportunities for the digital transformation of the healthcare delivery system. Key among these was the creation of a reimbursement pathway for patient-centered digital health applications (digitale Gesundheitsanwendungen, or DiGA). Worldwide, this is the first structured pathway for “prescribable” health applications at scale. As of October 10, 2023, 49 DiGA were listed in the official directory maintained by Germany’s Federal Institute for Drugs and Medical Devices (BfArM); these are prescribable by physicians and psychotherapists and reimbursed by the German statutory health insurance system for all its 73 million beneficiaries. Looking ahead, a major challenge facing DiGA manufacturers will be the generation of the evidence required for ongoing price negotiations and reimbursement. Current health technology assessment (HTA) methods will need to be adapted for DiGA. Methods We describe the core issues that distinguish HTA in this setting: (i) explicit allowance for more flexible research designs, (ii) the nature of initial evidence generation, which can be delivered (in its final form) up to one year after becoming reimbursable, and (iii) the dynamic nature of both product development and product evaluation. We present the digital health applications in the German DiGA scheme as a case study and highlight the role of RWE in the successful evaluation of DiGA on an ongoing basis. Results When a DiGA is likely to be updated and assessed regularly, full-scale RCTs are infeasible; we therefore make the case for using real-world data and real-world evidence (RWE) for dynamic HTAs. Conclusions Continous evaluation using RWD is a regulatory innovation that can help improve the quality of DiGAs on the market.
Citation
Related
Brönneke, Jan B., Annika Herr, Simon Reif, and Ariel Dora Stern. "Dynamic HTA for Digital Health Solutions: Opportunities and Challenges for Patient-centered Evaluation." International Journal of Technology Assessment in Health Care 39, no. 1 (2023).
More Publications

In The News

    • 06 Dec 2023
    • Business Insider

    The 10 Companies That Give the Biggest Raises, the Best Promotions, and Have the Strongest Culture

    Re: Joseph Fuller
    • 06 Dec 2023
    • MarketWatch

    Uber Is Being Added to the S&P 500. Does That Make the Stock a Buy?

    Re: Robin Greenwood & Marco Sammon
    • 06 Dec 2023
    • HBR On Strategy

    You Need a Generative AI Strategy

    Re: Andy Wu
    • 06 Dec 2023
    • Financial Times

    FT Book Award Winner Amy Edmondson: Fail Fast, Fail Often-Mantras Are ‘Sloppy’

    Re: Amy Edmondson
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The Case Method

Introduced by HBS faculty to business education in 1925, the case method is a powerful interactive learning process that puts students in the shoes of a leader faced with a real-world management issue and challenges them to propose and justify a resolution.
Today, HBS remains an authority on teaching by the case method. The School is also the world’s leading case-writing institution, with HBS faculty members contributing hundreds of new cases to the management curriculum a year via the School’s unique case development and writing process.
→Browse HBS Case Collection
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Faculty Positions

Harvard Business School seeks candidates in all fields for full time positions. Candidates with outstanding records in PhD or DBA programs are encouraged to apply.
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