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  • October 31, 2022
  • Article

Achieving Individual—and Organizational—Value with AI

By: Sam Ransbotham, David Kiron, François Candelon, Shervin Khodabandeh and Michael Chu
New research shows that employees derive individual value from AI when using the technology improves their sense of competency, autonomy, and relatedness. Likewise, organizations are far more likely to obtain value from AI when their workers do. This report offers key... View Details
Keywords: AI and Machine Learning; Value; Competency and Skills
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  • 11 Mar 2014
  • First Look

First Look: March 11

draws on theories of entrepreneurship and history to explore the ways in which historical processes play an integral role in entrepreneurship. It builds off the plea by Joseph Schumpeter for an active... View Details
Keywords: Sean Silverthorne
  • 2024
  • Working Paper

Old Moats for New Models: Openness, Control, and Competition in Generative AI

By: Pierre Azoulay, Joshua L. Krieger and Abhishek Nagaraj
Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping generative AI advances. Central to our analysis are the concepts of appropriability—whether firms in the industry are able to control the knowledge generated... View Details
Keywords: Technological Innovation; AI and Machine Learning; Open Source Distribution; Policy
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  • 14 Sep 2010
  • First Look

First Look: September 14, 2010

provide illustrations from the Toyota Motor Company to show how deliberate perturbation enables efficient exploration in the midst of intense exploitation. Download the paper: http://www.hbs.edu/research/pdf/09-011.pdf Employee Selection... View Details
Keywords: Sean Silverthorne
  • July 2024
  • Case

Replika AI: Alleviating Loneliness (A)

By: Shikhar Ghosh and Shweta Bagai
Eugenia Kuyda launched Replika AI in 2017 as an empathetic digital companion to combat loneliness and provide emotional support. The platform surged in popularity during the COVID-19 pandemic, offering non-judgmental support to isolated users. By 2023, Replika boasted... View Details
Keywords: Entrepreneurship; Ethics; Health Pandemics; AI and Machine Learning; Well-being; Technology Industry
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  • 15 Oct 2001
  • Op-Ed

Lessons from the Rubble

Pundits and investors spoke giddily of the end of national borders, of markets that spanned the globe and replaced the hefty weight of View Details
Keywords: by Debora L. Spar
  • 15 Dec 2009
  • First Look

First Look: Dec. 15, 2009

firm-level, and that recording back-up solutions is most valuable at medium levels of environmental change. Optimal Taxation in Theory and Practice Authors:N. Gregory Mankiw, Matthew C. Weinzierl, and Danny... View Details
Keywords: Martha Lagace
  • December 2010
  • Article

Social Preferences and Strategic Uncertainty: An Experiment on Markets and Contracts

This paper reports a three-phase experiment on a stylized labor market. In the first two phases, agents face simple games, which we use to estimate subjects' social and reciprocity concerns. In the last phase, four principals compete by offering agents a contract from... View Details
Keywords: Strategy; Risk and Uncertainty; Markets; Contracts; Decisions; Distribution; Labor; Game Theory
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  • 01 May 2012
  • First Look

First Look: May 1

findings that have implications for theory and practice, and that suggest new directions for future research. Download the paper: http://www.hbs.edu/research/pdf/12-093.pdf Information Technology and Boundary View Details
Keywords: Carmen Nobel
  • 2024
  • Other Teaching and Training Material

Earth

By: Barry Nalebuff and Max Bazerman
Earth was created to provide participants with the opportunity to negotiate a solution to the most important environmental challenge that faces humanity — climate change. Just as finding solutions to climate change is challenging, students will be challenged to find a... View Details
Keywords: Climate Change; Outcome or Result; Negotiation; Game Theory
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  • 15 Nov 2016
  • News

China IFC: Global Access, Global Perspective

their customers.” “Our goal is to give students an experience that bridges the intersection of theory and practice,” says Shih. “That was possible,” Kirby adds, “because of the... View Details
  • January 1980 (Revised August 1986)
  • Case

General Electric vs. Westinghouse in Large Turbine Generators (A)

By: Michael E. Porter
Describes the U.S. large turbine generator industry in early 1963, a period of severe price cutting and depressed industry conditions. Presents data to allow a structural analysis of the industry and an analysis of the strategies of the major players since 1946. The... View Details
Keywords: Transformation; Customer Focus and Relationships; Machinery and Machining; Cost Management; Price; Management Analysis, Tools, and Techniques; Marketing Strategy; Industry Structures; Competition; Manufacturing Industry; United States
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  • Article

Reputation When Threats and Transfers Are Available

By: Ernesto Dal Bo, Pedro Dal Bo and Rafael Di Tella
We present a model where a long-run player is allowed to use both money transfers and threats to influence the decisions of a sequence of short-run players. We show that threats might be used credibly (even in arbitrarily short repeated games) by a long-lived player... View Details
Keywords: Crime and Corruption; Decision Choices and Conditions; Game Theory; Mathematical Methods; Interests; Power and Influence; Reputation
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  • 07 Jun 2016
  • First Look

June 7, 2016

frictions. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51088 forthcoming The Accounting Review Institutional Ownership and Corporate Tax Avoidance: New Evidence By: Khan, Mozaffar N., Suraj Srinivasan, and Liang Tan Abstract—We provide new evidence... View Details
Keywords: Sean Silverthorne
  • 29 May 2018
  • First Look

New Research and Ideas, May 29, 2018

trace the theory’s evolution from a technology-change framework—essentially descriptive and relatively limited in scope—to a more broadly explanatory causal theory of innovation and competitive response.... View Details
Keywords: Dina Gerdeman
  • 25 Aug 2022
  • News

Labs Enable Large-scale Research

and Marco Iansiti (both HBS) will focus on the theory and practice of responsible AI for facilitating data-driven decision-making in organizations. They will explore how people use AI tools and View Details
  • 22 Jan 2013
  • First Look

First Look: Jan. 22

individual. This article offers a critical review of this rich yet disparate literature and guides research toward a multilevel theory of imprinting. We start with a definition... View Details
Keywords: Sean Silverthorne
  • 26 Feb 2013
  • First Look

First Look: Feb. 26

Puzzle of Private Investment in State-Controlled Firms Authors:Pargendler, Mariana, Aldo Musacchio, and Sergio G. Lazzarini Abstract A large legal and economic literature describes how state-owned enterprises (SOEs) suffer from a variety... View Details
Keywords: Sean Silverthorne
  • 27 Jan 2015
  • First Look

First Look: January 27

  Publications January 2015 American Economic Review: Papers and Proceedings Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low Risk Anomaly By: Baker, Malcolm, and Jeffrey Wurgler... View Details
Keywords: Sean Silverthorne
  • 28 Nov 2012
  • What Do You Think?

Should Pay-for-Performance Compensation be Replaced?

compensation at least since proponents of agency theory 25 years ago began advocating the use of stock options in compensation packages. Its use is a source View Details
Keywords: by James Heskett