Michael A. Cusumano and Richard W. Selby

Greek Bondholders at a Loss

In an agreement announced overnight, the European Union offered $100 billion to stem an imminent Greek debt default in exchange for a 50% haircut to Greek bondholders. This is a bittersweet victory for those of us who believe in the power of the free market. When the...

How Microsoft Competes

How Microsoft Competes

Beside Bill Gates, what does Microsoft have that contributes to their success? The authors spent a couple of years trying to find out. Their conclusions: seven complementary strategies and a small set of basic principals of operation. First, find smart people who know...

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