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PLSC 270: Capitalism: Success, Crisis and Reform

Lecture 07 - Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It? Dean of the Yale School of Management, Sharon Oster, explains the CardioThoracic business case. Barriers to CardioThoracic's success are discussed, including competition from other medical firms, "gatekeeper problems," other medical procedures, and difficulties understanding needs of the firm's customers. Various players in the case are identified, as well as their specific interests and potential strategies for articulating these interests. Dean Oster analyzes interest misalignments, information asymmetries, and discrepancies in values among the various players in the case. (from oyc.yale.edu)

Lecture 07 - Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?

Time Lecture Chapters
[00:00:00] 1. Introduction
[00:01:11] 2. Case Discussion: CardioThoracic Systems
[00:04:08] 3. CardioThoracic Systems: Competition
[00:14:38] 4. CardioThoracic Systems: Buyer Issues
[00:40:06] 5. Case Summary: CardioThoracic Systems

References
Lecture 7 - Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?
Instructor: Professor Douglas W. Rae. Transcript [html]. Audio [mp3]. Download Video [mov].

Go to the Course Home or watch other lectures:

Lecture 01 - Exploding Worlds and Course Introduction
Lecture 02 - Thomas Malthus and Inevitable Poverty
Lecture 03 - Counting the Fingers of Adam Smith's Invisible Hand
Lecture 04 - Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest
Lecture 05 - Property, Freedom, and the Essential Job of Government
Lecture 06 - Rise of the Joint Stock Corporation
Lecture 07 - Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?
Lecture 08 - Mortal Life Cycle of a Great Technology
Lecture 09 - Guest Lecture by Jim Alexander: Managing the Crooked E
Lecture 10
Lecture 11 - Institutions and Incentives in Mortgages and Mortgage-Backed Securities
Lecture 12 - Accountability and Greed in Investment Banking
Lecture 13 - The Mortgage Meltdown in Cleveland
Lecture 14 - The Political and Judicial Elements of American Capitalism
Lecture 15 - Mass Affluence Comes to the Western World
Lecture 16 - Braudel's Bell Jar
Lecture 17 - The Case of Mister Balram Halwai
Lecture 18 - Microfinance in South India
Lecture 19 - Plight of the Bottom Billion
Lecture 20 - Policy Targets for Capitalist Development
Lecture 21 - Guest Lecture by Paolo Zanonni, Part I
Lecture 22 - Guest Lecture by Paolo Zanonni, Part II
Lecture 23 - Marrying the Devil in Texas
Lecture 24 - Capitalist Enterprise and Clean Water for a Bolivian City