Crowdfunding and the Financing of Entrepreneurial Ventures

Lending Club’s IPO preparations mark an important milestone for Peer to Peer (P2P) lending. Since its inception in 2007, Lending Club has facilitated billions of dollars in personal loans with about $2 billion of those loans originating in 2013 alone. In essence, P2P lending websites (Prosper and Zopa are other examples) have disintermediated the banking…

Who we are depends on what we have decided to be

Our lives and the organizations we belong to depend on two factors: the decisions we make and the external environment. The external environment is made up of all the circumstances that surround us, which we have no control over, or any way to influence. A person may be smart or foolish, tall or short, French,…

Pygmalion in (African) management

"A lady is a woman who is treated like a lady." You remember probably this line from My Fair Lady. In a classic Harvard Business Review article, J. Sterling Livingston coined the expression "Pygmalion in management." The main point of the article was that "a manager's expectations are the key to a subordinate's performance and…
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