Sample wharton innovation essay

July 2016
The Ultimate Deal
In one of the largest sports transactions ever, WME/IMG and a group of investors including private equity titans KKR & Co. and Silver Lake Partners announced on July 11 the multibillion-dollar acquisition of mixed martial arts organization The Ultimate Fighting Championship. The deal, a major bet on the power of live sporting events, was the largest for WME/IMG since William Morris Endeavor acquired sports-and-entertainment marketing giant IMG in 2013. Paul, Weiss was tapped by the WME/IMG consortium for the UFC deal as well as the 2013 IMG deal.

Innosight research shows that business model innovation is the ticket to explosive growth. In Seizing the White Space , my colleague Mark Johnson noted that more than half of the relatively recent companies that made it onto the Fortune 500 before their 25th birthday—including Amazon, Starbucks, and AutoNation—were business model innovators. It’s easy to get captivated by shiny technology or compelling marketing, but if you really want to identify tomorrow’s giants, pay the most attention to innovators that have figured out how to create, capture, or deliver value in unique ways. History shows they are the best bets for long-term success.

He was previously a Senior Fellow in the Mack Center for Technological Innovation at the Wharton School, and was on the faculty at the Cox School of Business at SMU, where he won numerous MBA teaching awards. His research work has been published in a variety of academic journals, industry reports, and trade publications. He holds an undergraduate degree in operations research and mathematics magna cum laude from the University of Ottawa, a Master’s degree in engineering-economic systems from Stanford University, and a . in business strategy from the University of British Columbia.

Charles has been with Citizens Republic Bancorp, the largest bank headquartered in Michigan, since September 2002. His responsibilities include: Accounting, Finance, Treasury, Legal, Mergers and Acquisitions and Investor Relations. As the CFO of this turnaround bank, he was heavily focused on developing key processes and metrics for the new lines of business operating models, driving the changes needed to create a “fortress” balance sheet, and building the teams that would help the organization to grow to a large regional bank. He successfully increased Citizens’ transparency and clarity in all SEC reporting as well as presentations to the investment community, which resulted in almost doubling Citizens’ institutional investor base. In 2006, the bank doubled in size to $14 billion through an acquisition of a regional bank in Michigan. For the past three years, during the financial crisis, Charles has been focused on raising the needed capital and enhancing liquidity of the organization in order to thrive and survive in the worst economy in the . His efforts generated over $1 billion in multiple forms of new capital and over $3 billion in excess liquidity. Having transitioned the bank back on the path towards profitability, he decided to resign from Citizens effective June 4, 2010 to pursue new opportunities in the south or southeast.

Sample wharton innovation essay

sample wharton innovation essay

Charles has been with Citizens Republic Bancorp, the largest bank headquartered in Michigan, since September 2002. His responsibilities include: Accounting, Finance, Treasury, Legal, Mergers and Acquisitions and Investor Relations. As the CFO of this turnaround bank, he was heavily focused on developing key processes and metrics for the new lines of business operating models, driving the changes needed to create a “fortress” balance sheet, and building the teams that would help the organization to grow to a large regional bank. He successfully increased Citizens’ transparency and clarity in all SEC reporting as well as presentations to the investment community, which resulted in almost doubling Citizens’ institutional investor base. In 2006, the bank doubled in size to $14 billion through an acquisition of a regional bank in Michigan. For the past three years, during the financial crisis, Charles has been focused on raising the needed capital and enhancing liquidity of the organization in order to thrive and survive in the worst economy in the . His efforts generated over $1 billion in multiple forms of new capital and over $3 billion in excess liquidity. Having transitioned the bank back on the path towards profitability, he decided to resign from Citizens effective June 4, 2010 to pursue new opportunities in the south or southeast.

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