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  • All HBS Web  (399)
    • News  (9)
    • Research  (374)
  • Faculty Publications  (281)

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  • All HBS Web  (399)
    • News  (9)
    • Research  (374)
  • Faculty Publications  (281)
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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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Baldwin, Carliss Y. "Modularity, Transactions, and the Boundaries of Firms: A Synthesis." Harvard Business School Working Paper, No. 08-013, September 2007.
  • July 2001
  • Technical Note

Technical Note on LBO Valuation (A): LBO Structure and the Target IRR Method of Valuation

By: Carliss Y. Baldwin
Explains the equity cash flow method of valuation as it applies to leveraged buyouts. Also explains: 1) earnings and cash flow forecasts, 2) debt structure and the cash sweep, 3) the cashing out horizon and terminal valuation, and 4) the target IRR method of valuation. View Details
Keywords: Valuation; Leveraged Buyouts; Capital Budgeting; Borrowing and Debt; Cash Flow; Equity; Profit; Price; Forecasting and Prediction
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Baldwin, Carliss Y. "Technical Note on LBO Valuation (A): LBO Structure and the Target IRR Method of Valuation." Harvard Business School Technical Note 902-004, July 2001.
  • August 2000 (Revised July 2002)
  • Background Note

Fundamental Enterprise Valuation: Advantage Horizon

By: Carliss Y. Baldwin
A technical note that defines advantage horizon. View Details
Keywords: Valuation; Business Ventures
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Baldwin, Carliss Y. "Fundamental Enterprise Valuation: Advantage Horizon." Harvard Business School Background Note 801-128, August 2000. (Revised July 2002.)
  • August 2000 (Revised July 2002)
  • Background Note

Fundamental Enterprise Valuation: Earnings

By: Carliss Y. Baldwin
A technical note that defines earnings. View Details
Keywords: Valuation; Business Ventures; Profit
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Baldwin, Carliss Y. "Fundamental Enterprise Valuation: Earnings." Harvard Business School Background Note 801-124, August 2000. (Revised July 2002.)
  • 02 Aug 2011
  • First Look

First Look: August 2

Luo, Daniel E. Whitney, Carliss Y. Baldwin, and Christopher L. Magee Abstract A hierarchy is a generic structure in which entities such as firms are ordered with respect to a specific relationship. Thus, if... View Details
Keywords: Sean Silverthorne
  • January 1994 (Revised July 2000)
  • Exercise

Walt Disney Company's Sleeping Beauty Bonds--Duration Analysis

By: Carliss Y. Baldwin
Walt Disney Co. issues a 100-year bond. This case describes the terms of the bond and immediate capital market reaction. View Details
Keywords: Capital Markets; Bonds; Valuation; Entertainment and Recreation Industry
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Baldwin, Carliss Y. "Walt Disney Company's Sleeping Beauty Bonds--Duration Analysis." Harvard Business School Exercise 294-038, January 1994. (Revised July 2000.)
  • March 1992 (Revised November 1993)
  • Background Note

Trading the Right to Pollute: Developing the Market for Pollution Allowances

By: Carliss Y. Baldwin
Examines the issues underlying the formation of the market for tradeable pollution allowances, following the requirement of Title IV of the 1990 Amendments to the Clean Air Act. Examines the implications that these trade the allowances hold for the U.S. electric... View Details
Keywords: Strategic Planning; Pollutants; Trade; Utilities Industry
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Baldwin, Carliss Y. "Trading the Right to Pollute: Developing the Market for Pollution Allowances." Harvard Business School Background Note 292-120, March 1992. (Revised November 1993.)
  • June 1990 (Revised August 1990)
  • Supplement

Sun Microsystems, Inc.--1987 (B)

By: Carliss Y. Baldwin
Describes a specific opportunity to seek financing from AT&T as part of a proposed technological joint venture. Students must consider the price paid and control rights attached to a large block of shares and outline a negotiating position for each side. View Details
Keywords: Joint Ventures; Stock Shares; Financing and Loans; Price; Governance Controls; Rights; Negotiation; Opportunities; Computer Industry
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Baldwin, Carliss Y. "Sun Microsystems, Inc.--1987 (B)." Harvard Business School Supplement 290-052, June 1990. (Revised August 1990.)
  • 2019
  • Working Paper

Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 10 Variations on the Theme of Flow Production

By: Carliss Y. Baldwin
The purpose of this chapter is to explore how technologies and organizations engaged in flow production evolve over time. To allow for an apples-to-apples comparison, I examine organizations using essentially the same physical technologies, making similar products, and... View Details
Keywords: Flow Production; Ford; General Motors; Competitiveness; Information Technology; Organizational Design; Production; Auto Industry
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Baldwin, Carliss Y. "Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 10 Variations on the Theme of Flow Production." Harvard Business School Working Paper, No. 20-034, September 2019.
  • 2018
  • Working Paper

Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 7 The Value Structure of Technologies, Part 2: Technical and Strategic Bottlenecks as Guides for Action

By: Carliss Y. Baldwin
The purpose of this chapter is to present analytic tools based on functional maps that can be used to identify investment opportunities and to formulate strategy in large, evolving technical systems. I argue that the points of value creation and value capture in a... View Details
Keywords: Bottlenecks; Information Technology; System; Investment; Opportunities; Strategy
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Baldwin, Carliss Y. "Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 7 The Value Structure of Technologies, Part 2: Technical and Strategic Bottlenecks as Guides for Action." Harvard Business School Working Paper, No. 19-042, October 2018.
  • 2015
  • Comment

In the Shadow of the Crowd: A Comment on 'Valve's Way'

By: Carliss Y. Baldwin
There are many ways to exercise authority. Perrow (1986), in his review of March and Simon's Organizations (1958), offers a threefold classification of the ways authority can be exercised in organizations: (1) direct, "fully obtrusive" controls such as giving orders... View Details
Keywords: New Forms Of Organizing; Organizational Forms; Non-hierarchical Organizations; Self-organizing Teams; Boss-less Organizations; Organizational Design; United States
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Baldwin, Carliss Y. "In the Shadow of the Crowd: A Comment on 'Valve's Way'." Journal of Organization Design 4, no. 2 (2015): 5–7.
  • 10 Aug 2013
  • Panel Discussion

Architectural Strategy and Design Evolution in Business Ecosystems: Discussion

By: Carliss Y. Baldwin
Citation
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Baldwin, Carliss Y. "Architectural Strategy and Design Evolution in Business Ecosystems: Discussion." Academy of Management Annual Meeting, August 10, 2013.
  • 4 Jul 2013
  • Lecture

Mirroring and Anti-Mirroring: Creating a Design Commons

By: Carliss Y. Baldwin
Citation
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Baldwin, Carliss Y. "Mirroring and Anti-Mirroring: Creating a Design Commons." Lecture at the Trento Summer School, Cognitive and Experimental Economics Laboratory (CEEL) and Università degli studi di Trento, Trento, Italy, July 4, 2013.
  • 4 Jul 2013
  • Lecture

Thin Crossing Points, Mundane Transaction Costs, and the Boundaries of Firms

By: Carliss Y. Baldwin
Citation
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Baldwin, Carliss Y. "Thin Crossing Points, Mundane Transaction Costs, and the Boundaries of Firms." Lecture at the Trento Summer School, Cognitive and Experimental Economics Laboratory (CEEL) and Università degli studi di Trento, Trento, Italy, July 4, 2013.
  • 3 Jul 2013
  • Lecture

Design Options and Positive Risk

By: Carliss Y. Baldwin
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Baldwin, Carliss Y. "Design Options and Positive Risk." Lecture at the Trento Summer School, Cognitive and Experimental Economics Laboratory (CEEL) and Università degli studi di Trento, Trento, Italy, July 3, 2013.
  • Sep 2012
  • Keynote Speech

Modularize—Allocate—Protect: How Firms Profit from Open Modular Systems

By: Carliss Y. Baldwin
Citation
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Baldwin, Carliss Y. "Modularize—Allocate—Protect: How Firms Profit from Open Modular Systems." 13th International CINet Conference, CINet, Rome, Italy, September 2012.
  • 6 Nov 2011
  • Keynote Speech

Concurrent Sourcing and Selling

By: Carliss Y. Baldwin
Citation
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Baldwin, Carliss Y. "Concurrent Sourcing and Selling." Strategic Management Society Annual International Conference, Miami, FL, November 6, 2011.
  • 1 May 2009
  • Conference Presentation

Exploring Core-Periphery Structures in Complex Software Products

By: Carliss Y. Baldwin
Keywords: Software
Citation
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Baldwin, Carliss Y. "Exploring Core-Periphery Structures in Complex Software Products." Drexel University, Philadelphia, PA, May 1, 2009.
  • 1 Sep 2009
  • Conference Presentation

Appropriating Value in Modular Systems

By: Carliss Y. Baldwin
Keywords: Value
Citation
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Baldwin, Carliss Y. "Appropriating Value in Modular Systems." Linköping University, Sweden, September 1, 2009.
  • 01 Oct 2009
  • Conference Presentation

The Fragile Core of the Financial System

By: Carliss Y. Baldwin
Keywords: Finance
Citation
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Baldwin, Carliss Y. "The Fragile Core of the Financial System." Paper presented at the Strategic Management Society Annual International Conference, October 01, 2009.
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