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  • 2007
  • Working Paper

Modularity, Transactions, and the Boundaries of Firms: A Synthesis

By: Carliss Y. Baldwin
This paper constructs a unified theory of the location of transactions and the boundaries of firms. It proposes that systems of production can be viewed as networks of tasks. Transactions, defined as mutually agreed-upon transfers with compensation, are located... View Details
Keywords: Geographic Location; Market Entry and Exit; Market Transactions; Industry Structures; Production; Boundaries; Theory
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  • 20 Aug 2007
  • Research & Ideas

HBS Cases: Using Investor Relations Proactively

future," Miller says. There is no blueprint for the right way to share information, he adds. A strong IR function is best developed in a way consistent with the firm's unique operating position. "What is really fascinating is... View Details
Keywords: by Martha Lagace; Energy; Utilities
  • Web

2023 Reunion Presentations - Alumni

business leader, a facility in talking about complex social issues, and a greater understanding of the merits of reparations. A New Way to Measure Shareholder Returns / End to Magical Thinking Professor Mihir Desai (MBA 1993) + More Info... View Details
  • Web

Faculty & Research - Global

trading companies with sprawling global footprints)—reflected on the company’s record-breaking profits. Its operations spanned multiple industries—including energy, chemicals, healthcare, and infrastructure—and more than 80% of its... View Details
  • Web

HBS - The year in Review

experienced colleagues. Assistant Professors Anjali M. Bhatt Organizational Behavior Julian De Freitas Marketing Summer R. Jackson Organizational Behavior Jung Koo Kang Accounting & Management Rebecca A. Karp Strategy Shirley Lu Accounting & Management Edward McFowland... View Details
  • Web

About - Business & Environment

Asia. As Faculty Chair of the Business and Environment Initiative, Mike provides the overall vision and strategic direction for the Initiative. Mike is a faculty member in the HBS Technology and Operations Management unit, and his... View Details
  • 2008
  • Working Paper

The Architecture of Platforms: A Unified View

By: Carliss Y. Baldwin and C. Jason Woodard
The central role of "platform" products and services in mediating the activities of disaggregated "clusters" or "ecosystems" of firms has been widely recognized. But platforms and the systems in which they are embedded are very diverse. In particular, platforms may... View Details
Keywords: Digital Platforms; Industry Clusters; Infrastructure; Information Infrastructure; Digital Platforms
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  • 21 Apr 2023
  • Research & Ideas

The $15 Billion Question: Have Loot Boxes Turned Video Gaming into Gambling?

fascinated by how complex the games are,” Amano says, pointing to the “multiple stages and multiple forms of currency” used in the puzzle game and in many video games now. “There is an elaborate story to get you into this world.” The... View Details
Keywords: by Scott Van Voorhis; Video Game; Media & Broadcasting
  • Web

Japan - Global

record-breaking profits. Its operations spanned multiple industries—including energy, chemicals, healthcare, and infrastructure—and more than 80% of its profits were generated overseas. The company had evolved from a prewar industrial... View Details
  • 30 Mar 2003
  • Research & Ideas

The Future of IT Consulting

in sorting out action plans for their various lines of business. By the end of the decade, more than 60 percent of the computer communications will be computer-to-computer.— Nolan and Bennigson Newness and complexity have been a second... View Details
Keywords: by Sarah Jane Johnston; Consulting
  • Web

Faculty & Research - Health Care

News Incentives Speed Up Operating Room Turnover Procedures Re: Susanna Gallani 27 Jun 2025 | EMORY Got emotional wellness app? It may be doing more harm than good. Re: Julian De Freitas 25 Jun 2025 | Harvard Gazette Funding Today,... View Details
  • Web

Entrepreneurship - Faculty & Research

specialists—an "operating team" that is an order of magnitude larger than that of any other VC firm. Furthermore, the operating team aims to not only assist a16z portfolio companies, but also to be broadly helpful to all parties in the... View Details
  • Web

Food & Agriculture - Business & Environment

, including drought-resistant and flood-resistant seeds and sustainable agricultural practices Spotlights Rachel Raymond HBS MBA 2014 Chief Operating Officer, Indigo Ag “Farmers intimately experience the effects of climate change and are... View Details
  • 07 Feb 2012
  • First Look

First Look: February 7

mimic the three-stage CDM process. To model airline disruption responses, an integer optimization model was developed to balance operational and passenger considerations in determining which flights to cancel, swap, or delay. The value of... View Details
Keywords: Sean Silverthorne
  • Profile

Soltan Bryce

of large data sets in complex systems alongside the formation of a business case could be applied to my interest in sustaining public goods, like agricultural activities.” Throughout his college years, Soltan also worked on an organic,... View Details
  • January 2017 (Revised April 2019)
  • Case

The Olmos Project: Value Creation and Value Capture

By: John Macomber, Fernanda Miguel, Laura Urdapilleta and Valeria Moy
Private investment in public infrastructure can be encouraged when there are multiple avenues to capture and to share the value created by such a project. Gains in the market value of land adjacent to projects are not customarily channeled back into defraying the... View Details
Keywords: Value Capture; Infrastructure; Decision Making; Agribusiness; Value Creation; South America; Peru
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  • 18 Jun 2024
  • Research & Ideas

Central Banks Missed Inflation Red Flags. This Pricing Model Could Help.

economists due to their complexity and the need to account for varying frequencies of price changes. However, these models offer significant theoretical advantages. They consider profit margins, recognizing that companies are more likely... View Details
Keywords: by Rachel Layne; Financial Services; Banking
  • 27 Jun 2005
  • Research & Ideas

Asian and American Leadership Styles: How Are They Unique?

cultural norms, [as] in Japan. Empowering leadership is relatively new, and stresses delegation of responsibility to subordinates. American companies that operate with largely autonomous divisions employ this style of leadership. A few... View Details
Keywords: by D. Quinn Mills
  • 12 Dec 2023
  • Blog Post

Bridging Science and Business: My Summer Internship at Eli Lilly

growing urgency for versatile business leaders who can operate at the intersection of science and society- and as MS/MBA’s, we are up to that challenge. This summer, I had the privilege of joining Eli Lilly's Genetic Medicines External... View Details
  • 24 Oct 2018
  • Sharpening Your Skills

Startup or Established Company? Which Is Best for You?

work they may have done at their companies to demonstrate they can handle ambiguity and take risks. I am also a huge (and very biased) fan of people who’ve joined companies early and scaled with them. They have learned a TON from those experiences and can often start... View Details
Keywords: by Julia B. Austin