On the Other Hand - Tom Stewart

tom_stewartThomas A. Stewart is the Chief Marketing and Knowledge Officer of Booz & Company.

Formerly the Editor and Managing Director of Harvard Business Review, he is the author of Intellectual Capital: The New Wealth of Organizations and The Wealth of Knowledge: Intellectual Capital and the 21st-Century Organization.


Celestial Empire 2.0

Wednesday, 07 April 2010 08:59 Written by Tom Stewart

China_flagIs business history repeating itself? Google recently stopped operating its self-censored search service in China, directing customers to its unrestricted Hong Kong site. This came few months after the company discovered its servers had been hacked and the identities of some customers compromised, apparently including Chinese dissidents — attacks for which Google holds China responsible. Denying this and responding, China acted swiftly to push Google further out of its market, toward an outer darkness where Twitter, Facebook, and YouTube already are. Meanwhile, inside the so-called Great Firewall, companies like Alibaba and Baidu are coining money. “Post-Google, China’s Internet market could increasingly resemble a lucrative, walled bazaar,” The New York Times proposed.

 

Done Deal

Friday, 16 October 2009 08:29

Bruce WassersteinHow sad that Bruce Wasserstein died just as it appears that the M&A market is heating up again. I got to know Bruce when I was editing Harvard Business Review; with one of my colleagues, Gardiner Morse, I produced one of HBR’s trademark in-depth interviews, published in January 2008. 

Bruce was a curious guy, in both meanings of the word. His extraordinary mind was able to see deals through multiple dimensions simultaneously - he compared deals to prisms that should be turned and examined from every angle.  The very complexity of his insight left him almost inarticulate sometimes; unable to express everything he saw, he would speak in what sounded like koans or riddles.

 

Two Dragons Worth Slaying

Wednesday, 12 August 2009 08:00

Two dangerous ideas have been devouring capital and sucking the life-force from entrepreneurs. The first is the notion that you can build a viable Web business by relying on advertising alone - that if you attract enough eyeballs, enough ad revenue will follow to see you through to profitability. The second is the Long Tail hypothesis: the idea that, because “shelf space” on the Web is unlimited, it’s possible to build a business selling products on the “long tail” - that segment of demand that is on the opposite end of the curve from the bestseller list, where, the argument goes, you can sell onesies and twosies - unusual products to idiosyncratic buyers - that couldn’t be sold profitably before.

 

Five Questions for Copenhagen

Monday, 25 May 2009 00:00

For three days at the end of May — the 24th through the 26th — scores of world business leaders gathered in Copenhagen to discuss ideas and options leading up to the UN climate conference to be held in the same city in November, when a treaty to supplant and extend the Kyoto accords with the promulgated for ratification by the nations of the world, a consummation devoutly to be wished.

 

Pyramid Schemes

Monday, 18 May 2009 00:00

I’ve been playing with population pyramids. These are graphical depictions of a country’s population showing the number of women and men in five-year age bands. They’re called pyramids because, historically, humankind has lots more infants than school children, more schoolchildren than lovers, more lovers than.... as time takes it toll on each of the seven ages of man.

 
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