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Business Management
Business Management
shareholder, finally ending a months-long acquisition saga. He appointed himself CEO and brought in his
own team to clean house. Musk needed to take decisive steps to succeed against the major opposition
to his leadership from both inside and outside the company. Twitter employees circulated an open letter
protesting expected layoffs, advertising agencies advised their clients to pause spending on Twitter, and
EU officials considered a broader Twitter ban. What short-term actions should Musk take to stabilize the
situation, and how should he approach long-term strategy to turn around Twitter? Harvard Business
School assistant professor Andy Wu and co-author Goran Calic, associate professor at McMaster
University’s DeGroote School of Business, discuss Twitter as a microcosm for the future of media and
information in their case, “Twitter Turnaround and Elon Musk.”
Why Don’t More Organizations Understand the Power of Diversity and Inclusion?
by James Heskett
SUMMING UP: Diversity in business leadership is certainly an enviable social goal, but does it improve
company performance? James Heskett's readers look for the research evidence. Open for comment; 36
Comments posted.
by Dina Gerdeman
For the first time in 100 years, new technologies such as artificial intelligence are causing firms to rethink
their competitive strategy and organizational structure, say Marco Iansiti and Karim R. Lakhani, authors
of the new book Competing in the Age of AI. Open for comment; 3 Comments posted.
Mexican convenience store chain Oxxo dominated its market—until its chief rival doubled in size almost
overnight. Professor Tatiana Sandino discusses her recent case study CEO Eduardo Padilla's response.
Open for comment; 0 Comments posted.
This study provides insights for designing effective management control systems. Managers must select
their individual management control practices with care, craft mission statements to convey clear
messages that drive organizational alignment with the firm’s overall goals, and consider the effects of
interaction between components of their system of controls.
by James Heskett
SUMMING UP. In the wake of the loss of two great CEOs, James Heskett asks which schools are ready to
turn out the next generation of transformative leaders? Open for comment; 9 Comments posted.
by Sean Silverthorne
Like the Amazon River itself, Jeff Bezos's company cuts a powerful, meandering channel through the
business landscape, changing every industry it touches. Open for comment; 8 Comments posted.
A hospital's proximity to a university supplying both business and clinical education is associated with
higher management practice scores and better clinical outcomes.
This paper combines a new survey methodology with a machine learning algorithm to measure the
behavior of CEOs in large samples. Results show that larger and more complex firms require CEOs with a
more coordinative—and less micromanaging—behavior. Inefficiencies in the way CEOs match with firms
have important consequences for firm productivity.
An organization’s purpose is not a formal announcement, but depends on the employees believing in
and acting to promote that purpose. This study provides evidence about whether employee beliefs in a
strong corporate purpose are associated with superior or inferior financial performance. It shows that
organizations where middle managers and salaried professionals feel a strong sense of purpose and have
clarity about their job responsibilities and tasks experience superior future financial performance. There
was no association for senior executives, sales, or hourly workers.
by Michael Blanding
Quite a lot, it turns out. Good bosses can have a multiplier effect that ups everyone’s game, according to
new research by Christopher Stanton. Open for comment; 32 Comments posted.
17 NOV 2015 WORKING PAPER SUMMARIES
by Robert Simons
Research explores the downsides of self-interest on businesses, government, and the economy as a
whole.
by Julia Hanna
The world is beating a path to Chef Ferran Adrià's door at elBulli, but why? In professor Michael Norton's
course, students learn about marketing from a business owner who says he doesn't care whether or not
customers like his product. Closed for comment; 0 Comments.
In the newly released book On Competition, Professor Michael E. Porter updates his classic articles on
the competitive forces that shape strategy. We excerpt a portion on advice for new CEOs, written with
HBS faculty Jay W. Lorsch and Nitin Nohria. Key concepts include: Most new chief executives are taken
aback by unfamiliar new roles, time and information limitations, and altered professional relationships.
The CEO must learn to manage organizational context rather than focus on daily operations. The CEO
must not get totally absorbed in the role. Closed for comment; 0 Comments.
HBS professor Nitin Nohria along with William Joyce and Bruce Roberson studied 160 companies to look
for common management practices that succeed. A hint: Business basics matter. Closed for comment; 0
Comments.
Leadership comes in many shapes and sizes, and often from entirely unexpected quarters. In this excerpt
from the HBS Bulletin, five HBS professors weigh in with their views on leadership in action. Closed for
comment; 0 Comments.