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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business

But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR.

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Green Bonds Benefit Companies, Investors, and the Planet

Harvard Business

The past five years have seen explosive growth in “corporate green bonds” issued to finance climate-friendly projects. While investors bought just $3 billion of these bonds in 2013, they scooped up $49 billion worth in 2017, bringing the total sold since 2013 to $113 billion at an average of $308 million per offering.

Company 128
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What Initial Coin Offerings Are, and Why VC Firms Care

Harvard Business

For example, the cryptocurrency used for the Ethereum network, called Ether , saw its value double in just a few days in March 2017. While the price of Ether has been rising , Bitcoin has dropped 20% to $1,000 dollars from a record $1,290 on March 3, 2017. Yes, in three days, people who invested in Ether doubled their investment.

Financial 131
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How Companies Are Already Using AI

Harvard Business

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. Some 51% of our AI leaders predicted that by 2020 AI will have its biggest internal impact on their back-office functions of IT and finance/accounting; only 34% of AI followers said the same thing.

Company 159
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Why Preventing Disruption in 2017 Is Harder Than It Was When Christensen Coined the Term

Harvard Business

Asset-light businesses are not financed with debt. They’re financed with equity—in other words, a stake in the company. When you could finance growth with debt, large companies had enormous advantages if they could incentivize managers to embrace disruption (largely by creating new business units).

Finance 72
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Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

Harvard Business

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. since 2013 , and shrank by more than 1,700 in 2017 alone. And compared to men, women entrepreneurs are pushed into desperate and extreme types of financing.

Banking 70
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Drones Help New Industries Take Flight

Tom Spencer

By 2030, PwC predicts that there will be around 76,000 drones in operation in the UK increasing the UK’s GDP by £42 billion and offering significant net cost savings to the tune of £16 billion. Fortune (2017). More importantly, PwC was able to calculate the value of the coal with 99% accuracy based on data captured by the drone.

Industry 104