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Intel 2006: Rising to the Graphics Challenge
by Willy Shih Elie OfekExamines the evolution of the PC hardware industry over the span of two and a half decades. The open architecture design of the IBM Personal Computer followed by the rapid appearance of clones drove a high level of standardization and modularity in the industry, and value was distributed along the value chain depending on levels of competition and ability to substitute components at each level. On the hardware side two component segments, the microprocessor and the graphics processor unit (GPU), ultimately became the most valuable parts of the chain. The GPU business had settled into a duopoly with Nvidia, Inc. and ATI Technologies (ATI). Intel had dominated the microprocessor segment, but Advanced Micro Devices (AMD) was consistently a thorn in Intel's side. Addresses the prospects of the graphics function becoming integrated with the microprocessor on a single piece of silicon. AMD had just announced the acquisition of ATI and Paul Otellini, Intel's CEO, is faced with the question of what he should do. Should he buy Nvidia, should he continue with his own internal graphics efforts, or should he listen to some of his customers and leave things separate?
Boeing 737 Manufacturing Footprint: The Wichita Decision
by Willy Shih Margaret PiersonThe case examines the circumstances leading up to the Boeing Company's decision to spin-off its Wichita Division. This case is intended to be taught with two other notes: "On the Use of Capital Efficiency Metrics," HBS No. 612-034, "Modularity in Design and Manufacturing: Application to Commercial Aircraft," HBS No. 612-035.
Humanitarian Assistance/Disaster Relief: What Can We Learn from Commercial Supply Chains?
by Willy Shih Margaret PiersonOrganizing speedy and efficient supply operations for unpredictable major natural disasters was a continuing challenge for the U.S. military, and the 2010 earthquake in Haiti was both unique in its operational scope and political complexity. As he reviewed the after-action reports, George Topic, the Vice Director of the Center for Joint and Strategic Logistics at the National Defense University wondered how the performance of disaster relief efforts should really be measured. How should the efficiency of the response be characterized? He wondered if they could overcome some of the hurdles to applying concepts from commercial supply chains. The case explores some of the lessons learned from the Haiti disaster, and offers an opportunity to test well-known supply chain concepts.
Modularity in Design and Manufacturing: Application to Commercial Aircraft
by Willy Shih Margaret PiersonThe note discusses the modularization of design, and the modularization of manufacturing in the commercial aerospace industry. It is intended to be taught with the case, "Boeing 737 Industrial Footprint: The Wichita Decision," HBS No. 612-036.
On the Use of Capital Efficiency Metrics
by Willy Shih Margaret PiersonThis note describes capital efficiency metrics including RONA, ROIC, and EVA. This note is intended to be used with the case "Boeing 737 Industrial Footprint: The Wichita Decision," HBS No. 612-036.
Operations Management Reading: Strategic Sourcing
by Willy Shih Margaret PiersonAn organization's strategic sourcing decisions determine where and how it procures products and services. Choosing which resources and capabilities to develop internally and which to procure externally requires an understanding of the firm's business and operations strategies, its current and potential operational profile, and any external threats or opportunities. This Reading covers make-or-buy decisions, where-to-procure decisions (the value of geographical proximity), how-to-procure decisions (degree of integration and information-sharing, contractual conditions, and the optimal number of suppliers) in both manufacturing and services, domestically and globally.
MIT Mystery Hunt: The Answer is Secondary
by Willy Shih Karen RobinsonThe MIT Mystery Hunt is an annual puzzle-based scavenger hunt at MIT. It is run every year by a different team, and every year is slightly different as teams try new ideas and decide whether to keep or ignore new ideas from previous years. As the Mystery Hunt has grown, organizers face the challenge of balancing efficient administration while keeping it free of excessive administration.
Pandora Radio: Fire Unprofitable Customers?
by Willy Shih Halle TeccoPandora Radio is at a crossroads. Founder Tim Westergren has just been told by a well known VC to get rid of his unprofitable customers in order to get his costs down, but Westergren is not sure that such actions are consistent with his company's business model. Pandora Radio is the largest Internet music stream site, and its rapidly growing user base loves the free customizable music stream under an advertising supported model. Pandora has to pay royalties for every song streamed, and has other variable costs that scale linearly with hours consumed, but it has taken no steps to restrict the amount of usage among its heaviest and most loyal users. Can Pandora make its model work when a significant percentage of its users cause it to lose money?
Production Processes
by Willy Shih Michael W. Toffel"The first module of RC TOM examines several ways to arrange production, ranging from job shops that are tailored to producing customized products, to assembly lines where items are processed in a linear sequence and often transported between steps with a conveyor belt, to continuous flow processing. The cases are set in factories that make different kinds of products. Factories are an appealing setting to assess and improve processes because producing physical goods makes it easier to visualize process steps and work flow. This note describes four broad categories of process architectures and then examines the nature of task assignment that typically would be found in a factory organized along the lines of each process type. We will then delve more deeply into work flow policies, materials handling, and line pacing for the assembly line, since this process architecture is so widely used for the mass production of everything from smartphones to automobiles."
Sian Flowers: Fresher by Sea?
by Willy Shih Michael W. Toffel Pippa Tubman ArmerdingThe setting for this case is the Sian Flowers, a company headquartered in Kitengela, Kenya that exports roses to predominantly Europe. Because cut flowers have a limited shelf life and consumers want them to retain their appearance for as long as possible, Sian or its distributors used international air cargo to transport them to Amsterdam, where they were sold at auction or trucked to markets across Europe. The Covid-19 pandemic caused huge increases in the cost of shipping, so Sian launched experiments to ship roses by ocean using refrigerated containers. Chris Kulei, the Executive Director, was interested in not only the potential costs savings, but whether he could also market the reduced carbon footprint.
AmTran Technology Ltd.
by Willy Shih Jyun-Cheng Wang Karen RobinsonAs an original design manufacturer (ODM) of television sets and leading supplier to Vizio, a market leader in the U.S. for LCD flat panel TVs, AmTran Technology Ltd. uses what founder Alpha Wu describes as a "WE" model in which western companies perform sales, marketing, and product definition work, while eastern companies in Asia like his perform the engineering and manufacturing work. Confronted with commoditization pressure, Wu is presented with the opportunity to license a major TV brand. Is this consistent with his model? The case explores the changes that have taken place in the consumer television receiver market and the challenges faced by leaders of the analog market like Sony. It is intended for use with the technical note, "Competency-destroying Technology Transitions: Why the Transition to Digital is Particularly Challenging," HBS No. 613-024.
BeiGene
by Willy Shih Jimmy ZhangBeiGene was a biopharmaceutical company founded on exploiting a temporal regulatory policy discontinuity. Because of regulatory challenges in China, most innovative new drugs launched there four to six years after their initial U.S. launches. This gave BeiGene a window of opportunity to develop drug candidates toward known targets with known mechanisms of actions that would allow it to become first-in-class in China. But how well would the company's strategy hold up to the 2017 regulatory reforms?
The OPEC Fund for International Development: The Formative Years (Routledge Library Editions: Development)
by Ibrahim F. ShihataThe OPEC countries’ collective policy is to offer external development assistance free from political or commercial ties, with the purpose of expressing the solidarity of one group of developing countries with the rest. Since 1976, this policy has found vigorous practical expression in the operations and activities of the OPEC fund. First published in 1983, this book describes the Fund’s organisational evolution into a fully-fledged international body, detailing the fund’s achievements in providing loans and grants to over 80 countries with operations based on principles that have influenced the whole development movement. Concrete examples are outlined, such as where the fund has acted as a catalyst for development, or a spokesman for a group of countries in international negotiations.
Financial Communications
by Shih-lun Alex WangFinancial Communications showcases why it is crucial for financial institutions to enhance key communication processes, rebuild trust with its customer base, improve relationships, and derive better brand awareness amongst key stakeholders within the industry.
Mathematik für Wirtschaftswissenschaftler: In 60 fachübergreifenden Vorlesungen präsentiert (Studienbücher Wirtschaftsmathematik)
by Vladimir ShikhmanDieses Lehrbuch präsentiert in 60 Kapiteln (Vorlesungseinheiten) eine Fülle interessanter ökonomischer Problemstellungen, die mathematisch ausführlich unterlegt werden. Die Gliederung ist sehr benutzerfreundlich sowohl für Studierende als auch für Lehrende und eignet sich gut für einen kompletten Vorlesungszyklus. Jedes Kapitel, das einer anderthalbstündigen Vorlesung entspricht, ist aufgeteilt in die drei Abschnitte Ökonomische Fragestellung – Mathematisches Modell – Schlussfolgerungen und Fazit. Die Beispiele kommen aus wichtigen Teilgebieten der Wirtschaftswissenschaften wie z.B. Mikro- und Makroökonomie, Marketing, Finanzwesen, Big Data Analytics, Controlling, Ökonometrie, internationaler Handel, Wirtschaftspolitik, Kundenmanagement. Das didaktische Konzept fußt auf dem Prinzip der Interdisziplinarität. Das Wechselspiel wirtschaftswissenschaftlicher Fragestellungen und mathematischer Methoden zeichnet dieses Lehrbuch in besonderer Weise aus. Zur primären Zielgruppe gehören angehende Wirtschaftswissenschaftler und -informatiker, die sich eine mathematische Grundausbildung aneignen möchten. Wegen der Vielzahl der betrachteten Modelle ist das Buch auch für ökonomisch interessierte Mathematiker und generell für mathematisch-ökonomisch Interessierte sehr nützlich.
Routledge Handbook of Sport Governance (Routledge International Handbooks)
by David Shilbury Lesley FerkinsThe Routledge Handbook of Sport Governance is a comprehensive and authoritative survey of the wide range of issues shaping sport governance. It considers the evolution of the sport industry from a largely amateur, volunteer-driven sector into the globalised business that it is today and examines how professionalisation has fundamentally shifted the governance landscape for sport organisations and all those working within sport. Written by a team of leading sport management scholars from around the world, the book is organised around five key themes: • Part I: Overview of sport governance• Part II: Environmental context and policy perspectives• Part III: Ownership structures and governance models: Implications for sport governance• Part IV: Board roles in the governance process• Part V: Future sport governance challenges Each chapter reviews the most recent research available and, in some cases, presents new data to support previously published studies. As sport governance is a relatively young field, each chapter maps future research needs to provide direction for sport governance scholars. A special feature of the handbook is a series of nine shorter research chapters in Part IV examining board roles in the governance process, tying theory to the day-to-day practical aspects of running a sport organisation. With broader and deeper coverage of the key issues in contemporary sport governance than any other book, this handbook is essential reading for students, researchers and practitionersin sport business and management.
Sport Management in Australia: An organisational overview
by David Shilbury Adam Karg Kathryn Rowe Pamm PhillipsSport is one of Australia's major industries, as well as one of our most popular pastimes. From council playing fields to Olympic competition, sport is highly organised and structured.Sport Management in Australia provides a comprehensive overview of the organisation of sport in Australia. It outlines trends in participation, the role of government and private organisations, different models of delivering sporting services, and the benefits and drawbacks of increasing commercialisation. Fully revised and updated, this fifth edition includes coverage of a wider range of sporting events, deeper coverage of corporate sport organisations, and new material on both mass participation in sport and elite sport, and also on the contribution sport makes to society.Drawing on examples and comparisons from countries around the world, and with extended case studies, Sport Management in Australia is the indispensable starting point for anyone embarking on a career in sport management.
Sport Management in Australia: Organisation, Development and Global Perspectives
by David Shilbury Pamm Phillips Adam Karg Katie Rowe Hunter FujakThis is the only book to introduce the history, organisation, management and development of sport in Australia. Now in a fully revised and updated sixth edition, it is the perfect foundation text for anybody looking to understand the policies, processes and practices that help maintain Australia’s position as a powerhouse of global sport. This book outlines trends in participation, the role of government and private organisations, different models of delivering sporting services and the benefits and drawbacks of increasing commercialisation. Covering sport at all levels, from community sport to elite level, including mega-events such as the Olympics and Commonwealth Games, this sixth edition includes three brand-new chapters, looking at the sport workforce, innovative delivery models and sustainable sport. This book also considers the Australian system in a global context, drawing comparisons with other sporting systems around the world. Every chapter offers useful features, such as review questions, case studies and practical examples. Sport Management in Australia is an essential text for any sport management, sport policy or sport development course. This book is accompanied by PowerPoint slides and exam questions for each chapter.
Brave Boundaries: Strategies to Say No, Stand Strong, and Take Control of Your Time: The Key to Living Empowered
by Sasha K. ShillcuttAn essential guide for women on how to set strong, workable boundaries to safeguard their health, happiness, and wellbeing.No matter how educated they are or how far they have climbed up the ladder, women are taught one thing over and over at every stage of their lives: when someone asks you for help, you say yes. Women are supposed to agree to take on whatever is asked of them, regardless of how busy they are. No matter how much a woman deeply desires to say no, the societal expectation is that women are helpers—taught to fix problems, show up at all times, and not let people down. They are instructed to never say no to tasks or duties asked of them, even when they are drowning in work and barely hanging on by a thread. Rather than say no, they often become avoiders and lose opportunities for personal growth. This leads to feelings of immense failure, inauthenticity, and burnout. Dr. Sasha Shillcutt has known this feeling, too, but now she understands and shows women there is another way. Having coached thousands of professional women and business leaders in her classes and conferences, she knows that setting boundaries is the essential lesson that they need to learn in order to avoid burnout and a loss of themselves in their incessant drive to please and say yes. In her special down-to-earth way, Sasha will show readers how to erect fences that protect their physical and mental health while providing opportunities for joy and growth. Readers will learn that boundaries are kind, not restrictive, and being a person with boundaries is the most empowering and peaceful way to live. They will learn to say no to others and say yes to themselves.
Finance and the Good Society
by Robert J. ShillerNobel Prize-winning economist explains why we need to reclaim finance for the common goodThe reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance—he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation—not less—and finance should play a larger role in helping society achieve its goals.Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers—from CEO, investment manager, and banker to insurer, lawyer, and regulator—can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole.Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.
Irrational Exuberance: Revised and Expanded Third Edition
by Robert J. ShillerWhy the irrational exuberance of investors hasn't disappeared since the financial crisisIn this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, Irrational Exuberance is as relevant as ever. Previous editions covered the stock and housing markets—and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity—and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
by Robert J. ShillerFrom Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a new way to think about how popular stories help drive economic eventsIn a world in which internet troll farms attempt to influence foreign elections, can we afford to ignore the power of viral stories to affect economies? In this groundbreaking book, Nobel Prize–winning economist and New York Times bestselling author Robert Shiller offers a new way to think about the economy and economic change. Using a rich array of historical examples and data, Shiller argues that studying popular stories that affect individual and collective economic behavior—what he calls "narrative economics"—has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises, recessions, depressions, and other major economic events.Spread through the public in the form of popular stories, ideas can go viral and move markets—whether it's the belief that tech stocks can only go up, that housing prices never fall, or that some firms are too big to fail. Whether true or false, stories like these—transmitted by word of mouth, by the news media, and increasingly by social media—drive the economy by driving our decisions about how and where to invest, how much to spend and save, and more. But despite the obvious importance of such stories, most economists have paid little attention to them. Narrative Economics sets out to change that by laying the foundation for a way of understanding how stories help propel economic events that have had led to war, mass unemployment, and increased inequality.The stories people tell—about economic confidence or panic, housing booms, the American dream, or Bitcoin—affect economic outcomes. Narrative Economics explains how we can begin to take these stories seriously. It may be Robert Shiller's most important book to date.
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
by Robert J. ShillerFrom Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic virusesStories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.
The New Financial Order: Risk in the 21st Century
by Robert J. ShillerIn his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.
The New Financial Order: Risk in the 21st Century
by Robert J. ShillerIn his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.