Publications

08 Jul 2014
First Look

First Look: July 8

financial crisis. The trouble is that investment value and asset volatility are simply the wrong measures if your goal is to secure a particular future income. In this article, Merton explains a liability-driven investment strategy whose... View Details

Keywords: Carmen Nobel

July 2008
Teaching Note

Yale University Investments Office: August 2006 (TN)

By: Josh Lerner and Ann Leamon

Teaching Note for [807073]. View Details

Keywords: Investment Funds; Strategy; Cost vs Benefits; Resource Allocation; Decision Choices and Conditions; Venture Capital; Assets; Leveraged Buyouts

Web

Courses by Faculty Unit - Course Catalog

Operations Management) Suraj Srinivasan Spring 2026 Q4 1.5 Strategy Execution Robert Simons Spring 2026 Q4 1.5 Systems for Scaling Ventures (SSV) (also listed under Entrepreneurial Management) Tatiana Sandino Spring 2026 Q3Q4 3.0... View Details

April 2000
Case

Francisco Partners

By: Josh Lerner and David L. Gallo

Francisco Partners (which focuses on buyouts of high-technology firms) aims to be the largest first-time fund ever raised. The rationales for the fund, fundraising strategy, and partnership terms and conditions are among the topics explored. View Details

Keywords: Private Equity; Leveraged Buyouts; Venture Capital; Financial Strategy; Partners and Partnerships; Strategy; Investment Funds; Financial Services Industry

01 Jun 2018
News

June 2018 Alumni and Faculty Books

authors argue that meticulous integration management is the key to success in M&A transactions, half of which are unsuccessful because this key factor is neglected. This practical manual helps managers optimize and streamline their growth View Details

January 1997 (Revised November 1997)
Case

Fojtasek Companies and Heritage Partners, The: March 1995

By: Samuel L. Hayes III and Josh Lerner

The Fojtasek Companies, a family business, faces several financing choices to address generational succession issues. Several buyouts have expressed interest in acquiring the firm outright; an investment bank has proposed a leveraged recapitalization; and a private... View Details

Keywords: Family Ownership; Financing and Loans; Private Equity; Mergers and Acquisitions; Investment Banking; Partners and Partnerships; Management Succession; Capital Structure; Financial Strategy

01 May 2007
First Look

First Look: May 1, 2007

differences in the price of capital across countries. Our strategy is motivated by the fact that most countries import the bulk of machinery equipment (from a small number of industrialized countries). We find the price of imported... View Details

Keywords: Sean Silverthorne

05 Jul 2006
First Look

First Look: July 5, 2006

case:http://harvardbusinessonline.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=806121 EMC Corp.: Proposed Acquisition of VMware 806-153 This case involves the decision by the CEO of EMC Corp. whether to acquire VMware, a small... View Details

Keywords: Sean Silverthorne

16 Jun 2009
First Look

First Look: June 16

assets in its home base, it also opened up many opportunities abroad, including in Russia, one of the largest electricity markets in the world. The case outlines Enel's internationalization strategy and then focuses on one piece of the... View Details

Keywords: Martha Lagace

March 2024
Case

Teamworks: Tackling a Forecasting Fumble (A)

By: N. Louis Shipley and Stacy Straaberg

In late March 2018, Teamworks CEO Zach Maurides learned Q1 2018 sales were at risk for a large forecasting miss. Founded in 2004, Teamworks’s software application assisted support staff in messaging, scheduling, and sharing documents with collegiate and professional... View Details

Keywords: Acquisition; Business Growth and Maturation; Communication Strategy; Decisions; Forecasting and Prediction; Business Cycles; Technological Innovation; Sports; Growth and Development Strategy; Resource Allocation; Marketing; Sales; Business Strategy; Expansion; Sports Industry; Technology Industry; United States; North Carolina

15 Aug 2016
Research & Ideas

Black Swans and Big Trends Can Ruin Anyone's Internet Prediction

"What I’ve said that turned out to be right will be considered obvious, and what was wrong will be humorous" —Bill Gates, The Road Ahead, 1995 In 2001, I wrote a book explaining why accelerated growth strategies created value for some... View Details

Keywords: by Thomas R. Eisenmann; Technology

16 Feb 2004
Research & Ideas

HBS Center Focuses on Europe

as well. Q: What business trends are you noticing? Dessain: Currently European companies are focusing a lot of effort on sustainable development and other environmental concerns. ERC is supporting Professor Estelle Cantillon in strategy... View Details

Keywords: by Cynthia Churchwell

06 Oct 2015
Blog Post

Henry McGee: From HBO to HBS

Henry McGee is a veteran of HBS. After graduating back in 1979, he spent the next 34 years at HBO. He held many positions in a wide range of areas at the company, including family programming, film acquisition and international... View Details

01 Jun 2003
News

Student Conferences, at a Glance

Cash, Jr. Professional Achievement Award: Raymond J. McGuire (MBA 1983/JD 1984), managing director, Mergers & Acquisitions Group, Morgan Stanley This year’s conference — named for one of the School’s first African-American alumni —... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

10 Apr 2007
First Look

First Look: April 10, 2007

School Case 207-084 Following a successful model in Europe, JP Morgan has introduced a set of five U.S. retail mutual funds with an investment philosophy and marketing strategy grounded in behavioral finance. The asset management group... View Details

Keywords: Martha Lagace

01 Dec 2011
News

Li & Fung's Global Footprint

average compounded growth rate over that time has been about 22 percent. Acquisitions have been an important part of your growth strategy since the mid-1990s. How do you manage to fold an acquired firm into... View Details

Keywords: Roger Thompson; Miscellaneous Manufacturing; Manufacturing; Wholesale Trade

April 2001 (Revised August 2003)
Case

Vodafone AirTouch's Bid for Mannesmann

Vodafone's bid for Mannesmann was the largest ever cross-border hostile bid. This case examines the economic, financial, and corporate governance issues in the deal. View Details

Keywords: Horizontal Integration; International Finance; Valuation; Corporate Governance; Acquisition; Cross-Cultural and Cross-Border Issues; Telecommunications Industry