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HBS Cases: Walking Away from a $3 Billion Deal

Managers of the ABRY Fund V were so successful they had investors waiting to pour in an additional $3 billion. But to invest that much would require trade-offs that could jeopardize the chemistry that made the fund successful in the first place. Take the money or walk away? From HBS Bulletin.

Creating Leaders for Science-Based Businesses

The unique challenges of managing and leading science-based businesses—certain to be a driver of this century's new economy—demand new management paradigms. At Harvard Business School, the opportunities start just across the street. From HBS Alumni Bulletin.

First Look: August 26, 2008

Marketing a revolutionary camera pill ... History reviewed on a famous Federal Radio Commission decision ... A note on the hedge fund industry.

Has the Time Come for "Stretch" in Management?

Online forum OPEN until August 27. The leadership of General Electric introduced the management concept of "stretch"—setting seemingly impossible goals—in the 1990s, writes HBS professor Jim Heskett. Does stretch still make sense as an organizing principle? What, if anything, should be done to ensure that stretch is allowed to flourish in companies today? What do you think?