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Spain Is Now Making Ireland's Mistakes

Harvard Business Review

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. For a sense of scale, the national ouput of Ireland in 2007 was 155 billion euros. In Spain, really only the scale is different.

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Is Your Company Ready for the Looming Talent Drought?

Harvard Business Review

Even if your firm has a healthy employee base and a strong balance sheet, chances are good that it’s about to face a significant shortage of qualified managers. The companies we studied in 2007 expected to increase their developing market revenues by 88% through 2012, and that trend has intensified.

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Old Management Systems Stifle New Business Models

Harvard Business Review

That fact becomes apparent when you juxtapose the balance sheet of a company like Microsoft with the balance sheet of a company like Siemens. Unlike their industrial peers, managers of asset-light businesses focus little on the balance sheet. It’s as simple as that. The challenge?

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Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business Review

Located in the heart of Colombia’s coffee region, in 2012 Manizales was a good place to grow up and get an education, and an even better place to retire, safe and surrounded by beautiful scenery. Generating fast, demonstrable growth of local firms is fundamental for scaling up any regional economy. strategic hires).

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Simple Ethics Rules for Better Risk Management

Harvard Business Review

But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.

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Research Shows That Smaller M&A Deals Work Out Better

Harvard Business Review

In the early days, following the company’s pivot from industrial manufacturing to marketing services, major acquisitions were the fastest way for it to achieve scale in its new industry. So WPP acquired the ad agencies J. After that, however, WPP practiced programmatic M&A, turning it into a strong muscle.

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London Succeeds in Its Olympic Trials

Harvard Business Review

We stand today on July 27, one year away from the Opening Ceremony of the London 2012 Olympic Games. Look below the surface, and the scale of this achievement so far becomes clearer — not only because of the world-class execution of this $15 billion project, but also the context in which it is being delivered.