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Rajat Gupta’s Insider Trading Conviction: One Network to Bring Them All and in the Darkness Bind Them

Former McKinsey & Company head and Goldman and Procter & Gamble board member Rajat Gupta has been convicted of securities fraud and conspiracy for giving away confidential information from boardroom meetings. This makes him the latest in a string of convictions related to the insider trading scandal centered on hedge fund Galleon Group. The court cases since the scandal have revealed a pattern of information collection from board directors followed by quick and profitable trades, with involvement all the way to Galleon’s top. Its founder Raj Rajaratnam was convicted in October 2011, and many Galleon traders have also been convinced, as have their information sources.

Entrepreneurship

WaMu: The Mutual Bank that De-Mutualized and Melted Down

Wall Street Journal contributor Kirstin Grind has written a book on the downfall of WaMu, the second largest bank failure in the US (so far) and the name that has come to symbolize risky mortgage lending in the USA. I expect to enjoy reading it when it comes out, and learn more about the inside story. Here is some of what we know already.

Operations

Outclassing Sourcing Champions

With increasing specialization, technological complexity, and globalization, firms now buy a long list of products and services from many outside providers. In industries like automobiles, consumer electronics and retail, reliably sourcing a multitude of products from supply chain partners is the key to success.

Entrepreneurship

What Kind of Company is Splunk?

Let me begin by answering the question in the title. Splunk (http://www.splunk.com/company) describes itself as a company founded to “make machine data accessible, usable and valuable to everyone.” With machine data they mean not just any data on a computer, but rather the data generated by machines rather than humans; by accessible they mean that they are making programs to analyse data that would normally be in an unstructured form, so not in a database.

Entrepreneurship

Key Take-Aways from the GITR 2012

The GITR is more than a list of 142 countries’ Networked Readiness; they also provide a view of how the industry of technology is developing in each country and taken together; this provides a global view of the world’s economic and social development.

Entrepreneurship

GITR 2012 - Singapore: Why it’s not No. 1

Singapore trailed behind Sweden [again] this year. With its robust infrastructure, healthy fundamentals and a progressive government, what’s keeping Singapore from taking the top spot?

Entrepreneurship

GITR 2012 - Sweden: Why it's No.1;

Anna-Karin Hatt, Sweden’s Minister for IT, said that the country’s early investment in technology infrastructure has paid off.

Entrepreneurship

GITR 2012 - U.S. on downward trajectory

The steady decline of the United States to the #8 position in the NRI this year is an indication of how the country is failing to leverage ICT to drive economic productivity and social development.

Entrepreneurship

What is our networked readiness?

When the INSEAD/WEF Global Information Technology Report was created 11 years ago, the countries with the most fixed-line telephones were the best-connected in the world. Today, it’s a much different story.

Entrepreneurship

The Late-Goal Effect: Risk-taking and Deadlines

Last week Manchester City became Premier League champions after a nail-biting match that had them lagging 1 to 2 by the end of regulation time, and so second in the Premier League after local rivals Manchester United, but then recovering with two injury-time goals to win the match and league.

Entrepreneurship

The entrepreneur’s motivation

Show me the money? Entrepreneurs don’t always look at financial rewards as the best thing in being their own bosses.
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Entrepreneurship

What if Our Best People Join the Competition?

Readers of the business press have been watching the slow decline of the famous New York law firm Dewey and LeBoeuf, which took on too much debt and is reported to be investigating financial misconduct by one of its leaders.

Entrepreneurship

A Sad Lesson in Collaborative Innovation

Ron Adner

The innovator’s quest has been to find the win-win proposition: a great new product that can create differentiated value for consumers while supporting differentiated profits for the producer.

Entrepreneurship

Network Theory and Drone Attacks

Chances are that you will find a news story about a drone attack on militants within a week of reading this blog post. They have become common in Pakistan, and are now used in other places such as Somalia and Yemen. Drone attacks are expensive, with the missile alone costing more than USD 50,000, plus the cost of operating the drone. The expected payoff of drone attacks is to weaken insurgencies such as the Taliban. But do they work?

Entrepreneurship

The Darwinian Workplace in the WinnerS-take-all Organizations

The latest issue of Harvard Business Review features an article “The Darwinian Workplace” on promoting healthy competition in the workplace that I co-authored. The key message of the article is based on several research projects with highly innovative technology companies that implemented tournaments among its workers to increase worker productivity and, at the same time, to increase firm’s profitability.