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  • All HBS Web  (7,347)
    • People  (5)
    • News  (2,347)
    • Research  (3,562)
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    • Multimedia  (226)
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  • February 2021 (Revised June 2021)
  • Case

Barbarians at the Gate or Turnaround Gurus? Private Equity and the Rise of the LBO

By: Tom Nicholas and John Masko
During the 1980s, leveraged buyouts (LBOs) and the private equity (PE) firms responsible for carrying them out revolutionized both investment and management in the U.S. Between 1980 and 1989, buyout activity in the U.S. surged from $1 billion per year to $60 billion.... View Details
Keywords: Leveraged Buyouts; Mergers and Acquisitions; Business Conglomerates; Restructuring; Borrowing and Debt; Private Equity; Bonds; Investment Return; Institutional Investing; Profit Sharing; Business History; Management Style; Private Ownership; Performance Effectiveness; Value Creation; Financial Services Industry; United States
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Nicholas, Tom, and John Masko. "Barbarians at the Gate or Turnaround Gurus? Private Equity and the Rise of the LBO." Harvard Business School Case 821-016, February 2021. (Revised June 2021.)
  • 2022
  • Book

From Strength to Strength: Finding Meaning, Success, and Deep Purpose in the Second Half of Life

By: Arthur C. Brooks
Many of us assume that the more successful we are, the less susceptible we become to the sense of professional and social irrelevance that often accompanies aging. But the truth is, the greater our achievements and our attachment to them, the more we notice our... View Details
Keywords: Aging; Meaning In Life; Purpose; Personal Development and Career; Success; Happiness; Satisfaction
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Brooks, Arthur C. From Strength to Strength: Finding Meaning, Success, and Deep Purpose in the Second Half of Life. New York, NY: Portfolio/Penguin, 2022.
  • Summer 2023
  • Article

(Un)principled Agents: Monitoring Loyalty after the End of the Royal African Company Monopoly

By: Anne Ruderman and Marlous van Waijenburg
The revocation of the Royal African Company's monopoly in 1698 inaugurated a transformation of the transatlantic slave trade. While the RAC’s exit from the slave trade has received scholarly attention, little is known about the company’s response to the loss of its... View Details
Keywords: Slavery; Organizational Change and Adaptation; Business History; Monopoly; History; Business and Government Relations
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Ruderman, Anne, and Marlous van Waijenburg. "(Un)principled Agents: Monitoring Loyalty after the End of the Royal African Company Monopoly." Special Issue on Business, Capitalism, and Slavery edited by Marlous van Waijenburg and Anne Ruderman. Business History Review 97, no. 2 (Summer 2023): 247–281.
  • 2022
  • Chapter

Key Success Factors in Environmental Entrepreneurship: The case of Wilderness Safaris

By: James E. Austin, Megan Epler Woods and Herman B. Leonard
This chapter analyzes the entrepreneurial conception and evolution of the Wilderness Safaris (WS) ecotourism enterprise operating in eight African countries. It illuminates a series of factors that contribute to positive environmental impact as well as financial... View Details
Keywords: Environmental Sustainability; Entrepreneurship
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Austin, James E., Megan Epler Woods, and Herman B. Leonard. "Key Success Factors in Environmental Entrepreneurship: The Case of Wilderness Safaris." Chap. 7 in World Scientific Encyclopedia of Business Sustainability, Ethics, and Entrepreneurship, Volume 1: Environmental and Social Entrepreneurship, edited by Peter Gianiodis, Maritza I. Espina, and William R. Meek, 175–196. World Scientific Publishing, 2022.
  • 2021
  • Book

The Peacemaker's Code

By: Deepak Malhotra
The book's many themes -- war & peace, history, strategy, negotiation, leadership, friendship, & love -- are woven together in a novel with a sci-fi hook and a thrilling premise. The protagonist is a young history professor who is whisked off to Washington, where he... View Details
Keywords: Fiction
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Malhotra, Deepak. The Peacemaker's Code. Kindle Direct Publishing, 2021. (Winner of the 2021 "National Indie Excellence Award" for Best Science Fiction Novel.)

    The Money of Invention: How Venture Capital Creates New Wealth

    When the economy was booming and dot-coms were flying high, venture capitalists were admired as impresarios of innovation. Then the market tanked, start-ups fizzled, and those same deal-makers were rebuked as predators out for a quick score. So... View Details
    • 2015
    • Working Paper

    Build It, Buy It or Both? Rethinking the Sourcing of Advertising Services

    By: Alvin J. Silk and Marta M. Stiglin
    This paper provides an update on the current state of in-house agencies. Whereas traditional consideration of internalizing advertising services was framed as a binary choice of build or buy, today's advertisers frequently pursue hybrid policies of build and buy to... View Details
    Keywords: Management Practices and Processes; Advertising
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    Silk, Alvin J., and Marta M. Stiglin. "Build It, Buy It or Both? Rethinking the Sourcing of Advertising Services." Harvard Business School Working Paper, No. 15-093, June 2015.
    • 1992
    • Chapter

    The Legacy of the Past: British Multinational Banking Strategies since the Nineteenth Century

    By: G. Jones
    Keywords: History; Multinational Firms and Management; Corporate Strategy; Banks and Banking; Banking Industry; United Kingdom
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    Jones, G. "The Legacy of the Past: British Multinational Banking Strategies since the Nineteenth Century." In Multinational Enterprises in the World Economy, edited by Peter J. Buckley and Mark Casson. Aldershot: Edward Elgar Publishing, 1992.
    • October 2017
    • Article

    American Danger: United States Empire, Eurafrica, and the Territorialization of Industrial Capitalism, 1870–1950

    By: Sven Beckert
    During the last third of the nineteenth century, a debate emerged in a number of European countries on the “American danger.” Responding to the rapid rise of the United States as the world’s most important economy, some European observers feared their nations’... View Details
    Keywords: Atlantropa; Colonial Expansion; Economic Nationalism; Second Great Divergence; Economics; Global Range; History; United States; Europe; Africa
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    Beckert, Sven. "American Danger: United States Empire, Eurafrica, and the Territorialization of Industrial Capitalism, 1870–1950." American Historical Review 122, no. 4 (October 2017): 1137–1170.
    • Article

    Technology, Identity, and Inertia: Through the Lens of 'The Digital Photography Company'

    By: Mary Tripsas
    Organizations often experience difficulty when pursuing new technology. Large bodies of research have examined the behavioral, social, and cognitive forces that underlie this phenomenon; however, the role of an organization's identity remains relatively unexplored.... View Details
    Keywords: Change Management; Disruptive Innovation; Organizational Culture; Behavior; Cognition and Thinking; Identity; Perception; Technology Adoption
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    Tripsas, Mary. "Technology, Identity, and Inertia: Through the Lens of 'The Digital Photography Company'." Organization Science 20, no. 2 (March–April 2009): 441–460.
    • 2007
    • Article

    The Norwegian Aluminium Industry, 1908-1940: Swing Producers in the Hands of the International Oligopoly?

    Keywords: Duopoly and Oligopoly; Business History; Mining; Mining Industry; Norway
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    Storli, Espen. "The Norwegian Aluminium Industry, 1908-1940: Swing Producers in the Hands of the International Oligopoly?" Cahiers d'histoire de l'aluminium, no. 2 (2007): 11–26.
    • 25 Oct 2018
    • News

    The Rise And Fall Of A Household Name

    • 2016
    • Working Paper

    Historical Change and the Competitive Advantage of Firms: Explicating the 'Dynamics' in the Dynamic Capabilities Framework

    By: Geoffrey Jones and R. Daniel Wadhwani
    This working paper aims to deepen the scholarly dialogue between strategy and history. It does so by examining how historical models of change can contribute to theory and research on the competitive advantage of firms during periods of rapid innovation. Focusing on... View Details
    Keywords: Strategy; Dynamic Capabilities; Innovation; Temporality; Context; Microfoundations; Business History; Competitive Advantage; Change; Innovation and Invention
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    Jones, Geoffrey, and R. Daniel Wadhwani. "Historical Change and the Competitive Advantage of Firms: Explicating the 'Dynamics' in the Dynamic Capabilities Framework." Harvard Business School Working Paper, No. 17-052, December 2016.
    • May–June 2015
    • Other Article

    HRM at a Crossroads: Comments on 'Evolution of Strategic HRM Through Two Founding Books: A 30th Anniversary Perspective on Development of the Field'

    By: Michael Beer
    I agree with Bruce Kaufman's evaluation of the HRM field and the danger to its relevance if change does not take place in the field's almost exclusive use of normal science, lack of focus on organizational change and development and indifference to the development of... View Details
    Keywords: Management; Performance; Human Resources
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    Beer, Michael. "HRM at a Crossroads: Comments on 'Evolution of Strategic HRM Through Two Founding Books: A 30th Anniversary Perspective on Development of the Field'." Human Resource Management 54, no. 3 (May–June 2015): 417–421.
    • Article

    Build It, Buy It, or Both? Rethinking the Sourcing of Advertising Services

    By: Alvin J. Silk and Marta M. Stiglin
    This paper provides an update on the current state of in-house agencies. Whereas traditional consideration of internalizing advertising services was framed as a binary choice of build or buy, today's advertisers frequently pursue hybrid policies of build and buy to... View Details
    Keywords: Operations; Advertising; Advertising Industry
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    Silk, Alvin J., and Marta M. Stiglin. "Build It, Buy It, or Both? Rethinking the Sourcing of Advertising Services." International Journal of Marketing Studies 8, no. 1 (February 2016).
    • 2018
    • Working Paper

    Ethical Hedonism? The Diffusion of Fair Trade and Ecological Certifications to Luxury, Lifestyle and Illicit Goods.

    By: Kristin Sippl
    Book project exploring ethical consumption options in four understudied lifestyle sectors: jewelry, cannabis, pets and plastics. View Details
    Keywords: Ethics; Spending; Consumer Behavior; Age; Luxury
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    Sippl, Kristin. "Ethical Hedonism? The Diffusion of Fair Trade and Ecological Certifications to Luxury, Lifestyle and Illicit Goods." Working Paper, September 2018.
    • 29 May 2009
    • Research Event

    Business Summit: Introduction to the Future of Market Capitalism

    Editor's Note: This is a summary of an HBS Business Summit presentation. View a full summary and video of the event on the HBS Centennial Web... View Details
    Keywords: Re: Joseph L. Bower
    • 2024
    • Chapter

    The U.S. Secession Crisis as a Breakdown of Democracy

    By: Dean Grodzins and David Moss
    This chapter examines the U.S. secession crisis of 1860–1861 as a case of democratic breakdown. From December 1860 to early June 1861, eleven of the fifteen slaveholding states in the U.S. South declared secession from the Union. The trigger for the crisis was Abraham... View Details
    Keywords: War; History; Political Elections; United States
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    Grodzins, Dean, and David Moss. "The U.S. Secession Crisis as a Breakdown of Democracy." Chap. 3 in When Democracy Breaks: Studies in Democratic Erosion and Collapse, from Ancient Athens to the Present Day, edited by Archon Fung, David Moss, and Odd Arne Westad, 43–107. Oxford University Press, 2024.
    • July 1991 (Revised May 1995)
    • Case

    Samuel Slater, Francis Cabot Lowell, and the Beginnings of the Factory System in the United States

    Deals with the coming of the mechanized textile industry to the United States, and with it, the nation's first factories. Considers the introduction of small spinning mills in Rhode Island, and the appearance of large integrated spinning and weaving mills in... View Details
    Keywords: Technological Innovation; Business History; Production; Industry Growth; Manufacturing Industry; Rhode Island; Massachusetts
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    McCraw, Thomas K. "Samuel Slater, Francis Cabot Lowell, and the Beginnings of the Factory System in the United States." Harvard Business School Case 792-008, July 1991. (Revised May 1995.)
    • Web

    Site Credits - The Art of American Advertising

    Education Alumni Baker Library Historical Collections Visual Resources More Exhibits Exhibition Gallery Research Links Site Credits The Art of American Advertising 1865 - 1910 Research Links Bibliography... View Details
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