The ESM, the Eurozone’s lender of last resort, set up an $800 billion fund in record time with a key innovation — using private-sector best practices. Source: Knowledge @ Wharton How to Run a Public Institution Like a Private Firm

Central bankers are not elected by the people, but they hold enormous influence. Former central banker Paul Tucker examines their enhanced role following the global financial crisis. Source: Knowledge @ Wharton Post-crisis, Do Central Banks Wield Too Much Power?

Author Morra Aarons-Mele lays bare some myths around entrepreneurship, including notions about success rates, compensation and the hustle needed to succeed. Source: Knowledge @ Wharton Entrepreneurship Myths: Why You Probably Won’t Become Rich and Famous

Does globalization help or hurt companies? Wharton research shows that it lifts all boats, especially weaker firms. Source: Knowledge @ Wharton Why Strong Intellectual Property Laws Matter in a Globalized World

Do you have lots of social media followers? Want to learn how to turn those followers into dollars? Right now, there are people making a living on social media without selling anything. We’ve all seen those profiles of seemingly regular people with tons of followers. It always seems as if they’re traveling or doing something Read more about 11 Ways to Make a Living on Social Media Without Selling a Single Product[…]

Sunil Gupta, a professor at Harvard Business School, argues that many companies are still doing digital strategy wrong. Their leaders think of “going digital” as either a way to cut costs or to attract customers with a flashy new app. Gupta says successful digital strategy is more complicated than that. He recommends emulating the multi-faceted Read more about 645: Understanding Digital Strategy[…]

As companies struggle to contain soaring health care costs, employee smoking remains a challenge. But a recent study by two University of Pennsylvania experts found that cash can be a powerful incentive to help smokers quit. Source: Knowledge @ Wharton How Firms Can Convince Employees to Quit Smoking

Close peer collaboration, a team approach to care and salaried doctors have helped the Mayo Clinic become a leading institution, according to chief administrative officer Jeffrey Bolton. Source: Knowledge @ Wharton How the Mayo Clinic Built Its Reputation as a Top Hospital

The world economy has recently returned to robust growth. But some familiar risks are creeping back, and new ones have emerged. Source: McKinsey A decade after the global financial crisis: What has (and hasn’t) changed?

New research explores the impact of online commerce in Indonesia, as well as the priority measures needed to boost the country’s broader digital economy. Source: McKinsey The digital archipelago: How online commerce is driving Indonesia’s economic development