Tuesday was the “worst day of my business life,” former General Electric vice chairman Bob Wright told CNBC, after shares plunged for the second day in a row.
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Faculty Affiliate Michael Useem, a Wharton professor and director of the school’s Center for Leadership and Change Management, said new CEO John Flannery’s work is going to be extremely difficult.
“A remake of this scale … it’s like turning a battleship. It’s going to take some serious time,” he said. “With a tough-minded executive in charge you can do it and the betting is probably going to be on Flannery doing it,” he added.
Senate GOP takes different approach to tax reform than House; Trump Administration taking steps to crack down on opioid trafficking; Consumer sentiment reaches 97.8 in November compared to 100.9 estimate.
Early and developing companies push digital transformation through managerial directive or by technology provision. In contrast, maturing companies tend to pull digital transformation by cultivating the conditions that are ripe for transformation to occur.
Research from Faculty Affiliate Lynn Wu further explores these differences and how they impact employee performance:
How will China’s leadership handle the challenges of the world’s second-largest economy, especially within its chaotic financial system?
Faculty Affiliate Franklin Allen questions Xi’s appetite for painful reforms that are needed to rebalance China’s economy away from its longtime heavy reliance on construction investment and exports. “Xi has established tremendous political power. Now the question is how much of that he will turn into economic reforms,” Allen says.
Imagine a manufacturer of widgets, let’s call them Widget Corporation, which commands a forty percent share of the widget supply market. After assessing the market, Widget Corporation decides to acquire its closest competitor, Widgets-R-Us, which represents thirty-five percent of the market. Post-acquisition, the combined company would have a seventy-five percent share of the widget supply market. An acquisition which results in such a high market-share concentration would likely raise red flags to U.S. government antitrust enforcement agencies, the Department of Justice and the Federal Trade Commission, as it may substantially lessen competition in the widget market.