- 17 Sep 2024
- Cold Call Podcast
Fawn Weaver’s Entrepreneurial Journey as an Outsider in the Spirits Industry
In 2017 Fawn Weaver launched a premium American whiskey brand, Uncle Nearest. It became the fastest growing and most awarded whiskey brand in America, despite the challenges Weaver faced as a Black woman and outsider to the spirits industry, which is capital-intensive, highly regulated, competitive, and male-dominated. In October 2023, Weaver announced plans to expand into cognac with the goal of building the next major alcoholic beverages conglomerate. But the company was still heavily reliant on capital. How could Weaver convince new investors that her plans for cognac would yield success? Harvard Business School senior lecturer Hise Gibson discusses Weaver’s leadership style, growth strategies, and her use of storytelling to connect customers with her brand in the case, "Uncle Nearest: Creating a Legacy."
- 17 Sep 2024
- Research & Ideas
Advice for the New CEO: Talk to Your Employees Early and Often
Shortly after a new CEO takes over, uncertainty and fear dampen communication among employees, research by Raffaella Sadun and colleagues shows. Sadun explains the steps organizations can take to get dialogue flowing quickly following a leadership transition.
- 17 Sep 2024
- HBS Case
The Climate Targets Leaders Need to Know as Regulations Loom
Is "net zero" better than "carbon neutral"? New rules related to climate risk disclosure are raising the stakes for executives trying to set meaningful decarbonization goals. Michael Toffel demystifies the terms and nuances of climate impact reporting.
- 11 Sep 2024
- Managing the Future of Work
Help Wanted: Workforce boards face greater demands and more strings
With legislative changes looming, federally funded boards must juggle the demands of workforce training, economic development, and long-term systemic goals while ensuring accountability to both local communities and federal oversight. Brad Turner-Little, President and CEO of the National Association of Workforce Boards, explains.
- 11 Sep 2024
- Climate Rising
Telling Climate Stories at Scale: Netflix's Strategy for Sustainability and Impact
In this episode of Climate Rising, we explore how Netflix, a global entertainment powerhouse, is leveraging its platform to tell compelling stories about climate change. Emma Stewart, Netflix's first Sustainability Officer, joins host Mike Toffel to discuss the company’s strategic approach to sustainability and how it supports creators looking to tell sustainability stories. Stewart shares insights into the challenges and opportunities of incorporating climate considerations into both operations and storytelling, revealing how Netflix is contributing to the global climate conversation.
- 10 Sep 2024
- Research & Ideas
What Happens When Business Owners Turn to ChatBots for Advice
Can generative AI help entrepreneurs solve their business problems? Yes, but mostly when companies are already thriving, suggests research by Rembrand Koning that reveals the potential for AI-powered mentors to reach owners around the world.
- 09 Sep 2024
- HBS Case
McDonald’s and the Post #MeToo Rules of Sex in the Workplace
As #MeToo cast a spotlight on harassment in the workplace, former McDonald's CEO Stephen Easterbrook went from savior to pariah. Drawing from a series of case studies, Lynn Paine outlines eight lessons all corporate boards can take away from the scandal to improve culture and prevent abuse of power.
- 03 Sep 2024
- Cold Call Podcast
How the US Government Is Innovating in Its Efforts to Fund Semiconductor Manufacturing
In February 2023, US Commerce Secretary Gina Raimondo was deciding whether or not to sign off on a Notice of Funding Opportunity (NOFO) for $39 billion in direct semiconductor manufacturing incentives. But this NOFO had several unconventional provisions: a pre-application (pre-app) to the actual application, upside sharing provisions to align incentives, and funding milestones so that only awardees making progress would receive additional funds. The funding had been made available through the US Department of Commerce by the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act passed a few months earlier. Raimondo’s team had proposed additional measures that would help the US regain technological leadership while protecting taxpayer funds. Should Raimondo move forward with the “innovative” NOFO, despite the risks? Harvard Business School professor Mitch Weiss explores the issue of risk-taking and innovation in government in his case, “The CHIPs Program Office.”
- 03 Sep 2024
- Research & Ideas
Is It Even Possible to Dam the Flow of Misleading Content Online?
With a US presidential election on the horizon, tech companies are struggling to stem misinformation on social media. Research by Scott Duke Kominers and Jesse Shapiro suggests it's time to focus on eliminating content that can lead to potential harm rather than false beliefs.
- 29 Aug 2024
- Research & Ideas
Shoot for the Stars: What to Know About the Space Economy
Outer space has come a long way since the 1960s. Matthew Weinzierl explains the current state of the space economy, highlighting the various opportunities for businesses hidden among the stars.
- 28 Aug 2024
- Managing the Future of Work
Marshall Goldsmith outlines the humble path to better leadership
The noted executive coach on the value of letting go of the past, taking candid and anonymous 360-degree feedback, and playing it forward. Also, spreading the word via a generative AI avatar.
- 28 Aug 2024
- Climate Rising
CNN Chief Climate Correspondent Bill Weir: Media's Role in Shaping Climate Action
This episode is the first of our latest series on climate in media and entertainment, where we explore and understand the role of storytelling in shaping climate actions. Today we have Bill Weir, Chief Climate Correspondent at CNN who shares his expertise on how CNN integrates climate narratives into their news coverage, the power of storytelling, and the strategies they employ to highlight both the urgency of the climate crisis and the innovative solutions emerging worldwide. Host and Guest Climate Rising Host: Professor Mike Toffel, Faculty Chair, Business & Environment Initiative (LinkedIn) Guest: Bill Weir, Chief Climate Correspondent, CNN
- 26 Aug 2024
- Research & Ideas
Can AI Match Human Ingenuity in Creative Problem-Solving?
Generative AI handles a variety of business tasks, but can it develop creative solutions to problems? Yes, although some of the best ideas emerge when humans and machines work together, according to research by Jacqueline Ng Lane, Karim Lakhani, Miaomiao Zhang, and colleagues.
- 22 Aug 2024
- Research & Ideas
Reading the Financial Crisis Warning Signs: Credit Markets and the 'Red-Zone'
While fears about slowing economic growth have roiled stock markets in recent weeks, credit markets remain stable and bullish, and a recession hasn't materialized as some analysts predicted. Robin Greenwood discusses the market conditions that are buoying the economy—and risk signals to watch.
- 20 Aug 2024
- Cold Call Podcast
Angel City Football Club: A New Business Model for Women’s Sports
Angel City Football Club (ACFC) was founded in 2020 by venture capitalist Kara Nortman, entrepreneur Julie Uhrman, and actor and activist Natalie Portman. As outsiders to professional sports, the all-female founding team had rewritten the playbook for how to build a sports franchise by applying lessons from the tech and entertainment industries. Unlike typical sports franchises that built their teams and track records over many years before extending their brand beyond a local base, ACFC had inverted the model, generating both global and local interest in the club during its first three years. The club’s early success was reflected in its market valuation of $250 million as of its sale in July 2024 — the highest in the National Women’s Soccer League. Equally important, ACFC had started to bend the curve toward greater pay equity in women’s sports — the club’s ultimate goal. But the founders knew there was much more to do to capitalize on the club’s momentum. As they developed ACFC’s first three-year strategic plan in 2024, they weighed the most effective ways to build value for the franchise. Was it better to allocate the incremental budget to investments in digital brand building or to investments in the on-field product? Senior Lecturer Jeffrey Rayport is joined by case co-author Nicole Keller and club co-founder Kara Nortman to discuss the case, “Angel City Football Club: Scoring a New Model.”
- 20 Aug 2024
- Book
Why Competing With Tech Giants Requires Finding Your Own Edge
In the new book Smart Rivals, Feng Zhu and Bonnie Yining Cao show business leaders how to create competitive advantages by uncovering their hidden strengths and leveraging their individual capabilities.
- 16 Aug 2024
- In Practice
Election 2024: What's at Stake for Business and the Workplace?
Immigration, climate change, health care, and personal freedoms are just a few of the issues that US presidential candidates—and voters—will spar over. Harvard Business School faculty members discuss the potential implications of these issues on businesses, and provide advice for maintaining civility at work.
- 15 Aug 2024
- Op-Ed
Post-CrowdStrike, Six Questions to Test Your Company's Operational Resilience
Companies unprepared for disasters risk not only their competitive advantage but their very existence. Hise Gibson and Anita Lynch break down what a company needs to build its operational resilience, starting with its people, processes, and technology.
- 14 Aug 2024
- Managing the Future of Work
Bonus episode: Introducing HBS's latest podcast, Think Big, Buy Small
Joe Fuller talks to his Harvard Business School faculty colleague Rick Ruback about Rick and HBS professor Royce Yudkoff’s podcast Think Big, Buy Small. The show is based on Rick and Royce’s popular HBS course “Entrepreneurship Through Acquisition”. The show combines personal stories from entrepreneurs and other key players with expert perspective and advice.
Global Talent, Local Obstacles: Why Time Zones Matter in Remote Work
Remote employees working in different time zones often stretch beyond their typical schedule to connect with colleagues in real time. But communicating after hours is especially challenging for some workers, including women, research by Prithwiraj Choudhury finds.