Lampert Loses $467 Million After Sears Stock Plunges
Edward Lampert, the hedge-fund manager who took over as chief executive officer of Sears Holdings Corp. this year, saw the value of his controlling... Read More
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For all of the books (thousands) written on leadership, individuals (millions) who have participated in leadership seminars and dollars (billions) invested in leadership development, too many leadership experts still fail to distinguish between the practice of leadership and the exercise of bureaucratic power. In order to engage in a conversation about leadership, you have to assume you have no power — that you aren't "in charge" of anything...
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With former CEO A.G. Lafley returning to the helm of Procter & Gamble, I asked Rosabeth Moss Kanter for her analysis. She holds the Ernest L. Arbuckle Professorship at Harvard Business School. She's an expert on strategy, innovation, and leading change. She is also Chair and Director of the Harvard University Advanced Leadership Initiative. She is a regular contributor to HBR and HBR.org. She's on twitter @RosabethKanter. In...
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Tim Cook performed brilliantly in front of Congress today. He was authoritative, in breathtaking command of his facts, as he always is, and brought a unique perspective to each response. Senator Levin was out for blood, but "No one laid a glove on him," as Phillip Emer DeWitt wrote for Fortune. He put his questioners to shame. His response to the question of whether Apple was violating basic...
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The annual 10-K report that JPMorgan Chase filed with the SEC in February includes a 13-page section on "Risk Factors." It's a lawyerly, exhaustive, exhausting rundown of all the things that could possibly weigh on the earnings of a giant global bank, from regulatory changes to loans going bad to a liquidity crisis to the possibility that "one or more of its employees causes a significant operational breakdown...
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All his life, he hated brushing his teeth. Getting toothpaste onto a toothbrush can be messy if your fine motor skills are still developing. And, of course, even though you know you're supposed to replace a toothbrush every three months, who really keeps track of that? So, Houston Diaz decided to invent a solution. And several prototypes later, he designed a toothbrush that has the toothpaste dispenser integrated...
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Marketing professionals have learned the hard way that no matter what they do or do not plan to do with consumer information, privacy matters. In part, that's because marketing has always been something of a black art. When an ad appears to speak to a consumer directly, of course, it's likely to be most effective. But that's also the moment when the creepy response kicks in. How did...
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If your company is already well established and has smart management, it is likely that it will become a hybrid in the next ten years, blending its legacy business with a new business model that is rising to threaten it. Take Walmart, for example. After suffering several years of Amazon's online hegemony, Walmart responded with a hybrid approach. Merchandise ordered online can now be drop-shipped for same-day pickup...
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In an impressively short time, Kickstarter has quickly become the go-to high-impact mashup of crowdsourcing sensibility and entrepreneurial endeavor. If you've got a genuinely creative idea — or even a "me, too with a twist" — Kickstarter's "crowd funding" platform offers a genuinely innovative way to finance creativity and innovation. Since its 2009 launch, Kickstarter claims that more than 4.1 million people have pledged over $619 million to...
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Even before I released the disc, I knew it was a long shot. And, unfortunately, it was a clumsy one too. We were playing Ultimate Frisbee, a game similar to U.S. football, and we were tied 14-14 with a time cap. The next point would win the game. I watched the disc fly over the heads of both teams. Everyone but me ran down the field. I cringed,...
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Community is the heart of university. Students mix with other similarly aged people in an environment ripe with social activity, friendship, ideation, and discussion. It's the most powerful element of college or graduate school — and also the most jarring to leave behind. Social isolation often follows graduation. I know firsthand. After college, I moved to Washington, D.C., and ended up living in the suburbs near work for...
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To be a successful entrepreneur - or really, a successful anything - you need to be able to recognize an opportunity when you see one. Specifically, you need to be able to identify a problem or gap, and come up with an innovative solution. (Of course you also need to be able to execute that solution, but without spotting the opportunity in the first place, you aren't going...
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In this time of hope and decorative mortarboards, we reached out to some of our favorite writers, asking them: What do graduates really need to know about the world of work? Their answers are below. Heidi Grant Halvorson Associate director for the Motivation Science Center at the Columbia University Business School and author of Nine Things Successful People Do Differently. There will be obstacles, setbacks, challenges. Many things...

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