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Page 1: Harvard Business Review - Financial Services Board · Harvard Business Review =r- ... Classic Advice from Theodore Levitt An early proponent ofthe need for com-paniesto focus on customers,

HarvardBusinessReview

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www.hbr.org-~ October 2006

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Tarun Khannaand KrishnaG. Palepu

72 The Tools of Cooperation and ChangeClayton M. Christensen, Matt Marx,andHoward H. Stevenson

82 THE HBR INTERVIEWIdeas as ArtJamesG. March

92 Strategies for Two-Sided MarketsThomas Eisenmann,Geoffrey Parker,andMarshall W Van Alstyne

102 Meeting the Challenge of CorporateEntrepreneurshipDavid A Garvin and Lynne C Levesque

20 FORETHOUGHT

37 HBR CASE STUDYWhat Serves the Customer Best?PaulENunesand WoodruffW Driggs

53 D(~FERENTVOICESleep Deficit: The Performance KillerA Conversation with Harvard Medical SchoolProfessor Charles A.Czeisler

I I 4 BIG PICTURECan Science Be a Business?Lessons from BiotechGaryI~Pisano

126 What Business Are You In?ClassicAdvice from Theodore Levitt

146 EXECUTIVESUMMARIES

152 PANEL DISCUSSION

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Page 2: Harvard Business Review - Financial Services Board · Harvard Business Review =r- ... Classic Advice from Theodore Levitt An early proponent ofthe need for com-paniesto focus on customers,

HBROctober 2006

12 COMPANY INDEX

14 FROM THE EDITORFair Business Is as FairBusiness Does

Western companies expeCtto be treatedfairly as they expand Into emergingmarkets1ikeChina,India,ana Brazil,Staringthem in the faceat hone, how-ever, 15the stock-optlUn-datinqscandal.Shouldn'tdecencytranslateequallyacross cultures and economies?

20 FORETHOUGHT

The nationality affirms is beconllngmore. not less,clear. . .Whenso-cairedbest practices fail to deliver.. Indiansarc getting more materialistic.. .1\:0onelikes a perfect brand...Sending conSIS-tent corporate messages.. .Onllne shop-ping in 3-D...Followingin the footStepsof an icon.. .15the globalization apoca-lypse upon us'

37 BaR CASE STUDYWhat Serves the Customer Best?Paul F.Nunes and WoodruffW. Driggs

Whiskeymaker Glenmead,e ISfacing atrade-()ff;Front-officeinnovations are in-creasing salesand customer loyalty.Butbysiphoningmoneyawayfromproductinnovation, they might produce the op-posite effect in the long term.

53 DiffERENT VOICESleep DeficitThe Performance KillerA Conversation with Harvard MedicalSchool Professor Charles A. Czeisler

Corporations try to protect employeeswith rules agamst ,,\'orkplacesmoking,drinking, drugs. sexual harassment, andso on. Yet they keep asking people towork too hard, too long, af1d with too lit.tie sleep. The toll on morale and perfor-mance can be significant. So why are sofew companies doing anything about it?

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90 S'fRATEGIC HUMOR

11'4 81G PICTURECan Science Be a Business?Lessons from Biotech

Gary? Pisano

The birth of~dtechnology created highhb~S for a revolutionin drug R&D.Three decadeslater,thosehopesarelargely unreplized. Can companies thatcorlducthasicstientificresearch as acore activity be profitable? Yes-with adifferent anatomy.

126 What Business Are You In?Classic Advice from Theodore Levitt

An early proponent ofthe need for com-paniesto focus on customers, TheodoreLevittwas one of business's great minds.Read excerpts from sixof his most influ-ential HBRarticles,

139 LETTERS TO THE EDITORConsumer-directed health plans don'tnecessarily create any true savings forthe U.S.health care system. They onlyhelp employers shift the responsibil-ity and the cost of health care to theiremployees.

146 EXECUTIVE SUMMARIES

152 PANEL DISCUSSION

On StageDon Moyer

For a leader, there's no such thing as acasual conversation.

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