Categories ArchivesNews and Analysis

How to Capture the Diversity Dividend link

A video montage superimposing the faces of CEOs from the top 100 firms on the Fortune 500 list reveals a startling lack of diversity showing only 2 women, Marry Barra of GM and Indra Nooyi of Pepsi, who has recently announced she will step down. This is paired with a 25% decrease in women leaders on the list who make up a little more than 5% of the total. Non-white CEOs did not fair much better, with a 22% decrease in black CEOs of large enterprises compared to 2017, which signaled the loss of AmEx’s long time CEO, Ken Chenault, bringing the number to the lowest point since 2002. Indeed, by this measure, Microsoft’s CEO, Satya Nadella, carries the double ...

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Apple And The Rise Of The Trillion-Dollar Firm link

Apple’s gravity defying exploit in becoming the world’s first trillion-dollar company is no small feat. It is very likely the next firms to join the trillion-dollar club will all benefit from similar strategies, elements and market forces as Apple, but they will likely make this trillion-dollar mark in less time. In addition to leveraging technology, defining new markets and capturing network effects, the trillion-dollar club will exploit one critical market force, which is the concept of compression. Or, defined more elegantly, the notion of creators and accelerators, where the latter are leaders who create industries and new markets and the former the leaders who transform them and at speed with technology at the core. In the same way that Henry ...

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Facebook and the Tyranny of Monthly Active Users link

2018 must be a bitter sweet year for Mark Zuckerberg, Facebook’s founder and CEO. He has at once become the world’s 3rd richest person, while at the same time the firm is receiving growing calls for his ouster. The bitterness has turned increasingly sour, as Facebook’s growth in monthly active users stalls along with corresponding revenue, sending the company’s share price into a precipitous free-fall, marking the worst-ever stock drop in market history, whipping away $119 billion in market value. In many ways, despite the fact that this marked decline may be temporary, it is very much the company’s own doing. Like Twitter’s recent course correction, where it ejected more than 70 million fake or abusive users, social media platforms ...

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NYU Stern Alumni Profile: Noah Skillin link

“Risk is everywhere,” says Noah Skillin, MSRM Class of 2018. “It’s in all organizations, and it’s not going away. We live in risky world; it continues growing, and the question of ‘how do you handle risk’ is a question that any organization faces. Adequately managing risk makes organizations resilient and better able to adapt and grow.” This idea—that risk is inherent in all organizations and the mastery of risk management is a crucial key to a business’s longevity and success—was a key driver in Noah’s decision to seek an advanced degree in risk management. One might argue that he was well on his way to mastery: he had recently co-founded Risk Cooperative, a strategy, risk, and insurance advisory firm, and ...

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Beware of Crypto Risks – 10 Risks to Watch link

You know we are at the top of the hype cycle on blockchain and cryptocurrencies when examples of peak crypto include glistening fleets of Lamborghinis as a reflection of price spikes and talk of crypto-utopia with no central governments. Nonetheless, there are a number of key risks that plague this asset class and stand in the way of broader market adoption and stability. While there is no doubt cryptocurrencies, digital tokens and blockchain-based business models are here to stay, understanding how risk interplays with this emerging market and their underlying technologies will not only help protect investors, it will also give regulators a steady hand and, hopefully, guide how entrepreneurs are approaching risk management in their projects, which is not ...

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A Critical Infrastructure Registry Will Improve National Security link

The world is an increasingly the turbulent place, with natural, man-made and emerging risks etching the landscape. 2017 may very well mark the beginning of what is now considered a normal year, where a volley of record-breaking hurricanes were only the exclamation marks of an otherwise calamitous cycle of events. Data confirms our fears that there is an unnatural increase in the rate of natural disasters. Indeed, in the 50 years up to the year 2000, the Federal Emergency Management Agency (FEMA) reported an average of 39 disasters in the U.S. each year. In the 18 years since 2000, the average number of disaster declarations in the U.S. equals 124 – a 217% increase. Many of these smaller-scale disasters do ...

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Does The Russian Indictment Exonerate Bitcoin? link

An indictment of 12 Russian operatives filed on July 13, 2018 goes to great lengths in describing the techniques, tactics and technologies used to sow havoc on the 2016 U.S. presidential election. The complex cyber subterfuge generally undermined the U.S. democratic process in the controversial 2016 presidential election and specifically targeted the campaign and apparatus of then presidential candidate, Hillary Clinton, and the Democratic Party. The 29-page indictment clearly outlines the concerted efforts carried out by Russians operatives, including such commonplace cyber threats as spear phishing, malware, spoofing, virtual private networks (VPN), social engineering, and the use of bitcoin as a means of payment. It is perhaps this last area, the use of bitcoin and the perception of anonymity the ...

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Why We Should Care About Twitter’s Purge Of 70 Million Accounts link

As of the first quarter of 2018, Twitter boasted of more than 336 million monthly active users (MAU), the key performance indicator tracked by social medial firms and their investors. MAU denotes the vibrancy, activity and growth of a social media platform’s user base, which is the lifeblood of these firms as advertisers and political campaigns alike leverage big data and big networks for big influence. By this measure, Twitter is a force to be reckoned with being one of the most widely used social media platforms around the world, ranked at number 6 in terms of popularity and number 4 in the U.S., with more than 70 million MAU. Twitter is also the most favored communication method for President ...

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Coping With Big Data And Big Influence link

Since the earliest times our social rhythm has been set by the natural world. The rise and fall of the sun and moon, the firmament full of stars and other natural phenomena dictated so much early human behavior. Today, companies and governments alike have molded patterns of mass behavior shaping the lives and choices of millions of people hearkening to our inherent vulnerability to being steered. Some of the “choices” we make as consumers or voters appear to be voluntary and pleasant. The reward of being the first in line for a new iPhone would fall into this category. Meanwhile, other choices may be involuntary – autonomic even – and often come with adverse economic and social impacts, at times ...

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Will Cryptocurrencies Break The Internet Or Break The Bank? link

The 88-year-old Bank for International Settlements (BIS), a concentration of 60 central banks representing 95% of global GDP, does not like cryptocurrencies but is compelled by blockchain. In a newly published report, BIS researchers make the assertion that cryptocurrencies could break the Internet and that the only way to organize a globally accepted money supply is in a heavily centralized manner. While this is a naturally self-serving posture for the BIS and many centralized banking and financial authorities, some of the analysis negates the fact that cryptocurrencies, as an economic experiment, are still in their infancy. True of all eras of rapid development, prototyping, and innovation, how blockchain and cryptocurrencies transform finance and economics is yet to be seen. Meanwhile, ...

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