Insights on Turnover Stocks: Trends and Strategies


Intro
In the arena of investing, understanding stock turnover can be a game-changer. For those who might not be in the know, stock turnover refers to the volume of trading that occurs in a given stock over a specific period of time. When investors hear about high turnover stocks, they should prick up their ears. These stocks can provide opportunities for both substantial gains and intricate risks. They act as barometers of market sentiment, often reflecting a company's performance and the overall economic environment.
In this article, we will navigate the waters surrounding top turnover stocks. We'll break down the dynamics that lead to high turnover rates, the implications of these movements on liquidity, investor strategies, and much more, all while keeping an eye on the performance metrics that truly matter.
Understanding turnover stocks is akin to understanding human behavior in a crowded room; it's all about who is moving and why. As we delve deeper, we’ll paint a vivid picture of the current landscape and what it holds for investors of all stripes, from seasoned players to emerging market enthusiasts.
Key Concepts in Turnover Stocks
What is Stock Turnover?
Stock turnover is a crucial metric that indicates how often a security is bought and sold within a specified timeframe. It's not just a number; it's a reflection of market activity and can hint at investor sentiment. High turnover might signal robust trading interest or, conversely, a lack of confidence in a stock’s steady performance.
The Importance of Stock Turnover
In the fast-paced world of equities, turnover plays multiple roles:
- Liquidity: High turnover stocks often exhibit greater liquidity, meaning they can be bought or sold with relative ease without affecting the price.
- Market Sentiment: Turnover rates can provide insights into investor sentiment; a surge may indicate optimism, while a drop suggests uncertainty.
- Volatility: Increased trading activity can also lead to heightened price fluctuations, adding a layer of complexity for investors.
"Stock turnover gives investors a lens through which to view market dynamics, revealing the emotional pulse of the economy."
Analyzing Performance Metrics
Performance metrics are essential for making informed investment decisions. When assessing high turnover stocks, consider factors such as price-to-earnings ratio, earnings per share, and market capitalization. These metrics offer a clearer picture of a company's financial health and future prospects.
Navigating Investment Strategies
Strategies for Investing in High Turnover Stocks
Investing in high turnover stocks requires a discerning eye. Here are some strategies:
- Day Trading: For those who thrive on quick moves, day trading can be an effective strategy. Traders buy and sell within the same day, capitalizing on short-term price fluctuations.
- Fundamental Analysis: Investors can also benefit from thorough analysis of a company's fundamentals, ensuring that high turnover is not just speculation but rooted in solid performance.
- Market Timing: Understanding market cycles is essential. Investing during financial downturns may yield better price points for high turnover stocks.
Understanding the Risks
Investing in high turnover stocks isn’t without its pitfalls. The rapid trading can lead to:
- Overtrading: Investors might find themselves caught in a cycle of buying and selling that erodes their capital through transaction fees.
- Market Timing Risks: Attempting to time the market can result in missed opportunities or substantial losses.
In summary, while high turnover stocks can present tantalizing prospects, they also require a careful approach. This landscape is not for the faint-hearted, but for those willing to educate themselves and adapt, there are certainly rewards to be had. As we move forward, we’ll explore the current market dynamics and predictions that shape the turnover stock landscape.
Understanding Stock Turnover
Stock turnover might seem like a simple enough concept, yet it holds critical importance in the world of investing. In finance, turnover refers to how frequently a company’s shares are bought and sold in a given time period. This metric often serves as a bellwether for liquidity, market activity, and even investor sentiment. When it comes to top turnover stocks, understanding this phenomenon can provide valuable insights into market trends and trading strategies.
Definition of Stock Turnover
In plain terms, stock turnover can be described as the volume of shares that change hands over a specific timeframe, usually a quarter or a year. It’s calculated by dividing the total shares traded by the average number of shares outstanding. For example, if a company has 1 million shares outstanding and sees traded volumes of 500,000 shares in a given quarter, its turnover for that period would be 50%. This figure speaks volumes about the stock's liquidity and how eager investors are to buy or sell it.
Importance of Turnover in Trading
Turnover is critical for several reasons. First, a higher turnover rate typically indicates a more liquid market, which allows for more efficient trading. This means investors can enter and exit positions more easily without significantly affecting the stock's price. Furthermore, recognizing turnover trends can help identify the health of a stock. A stock with increasing turnover may be garnering more attention and interest from investors, signaling potential opportunities.
Moreover, turnover rates can reflect trends in investor sentiment. For instance, when a stock experiences a sudden spike in turnover, it could indicate that traders are reacting to news events, earnings reports, or broader market trends. Such spikes can serve as clear signals—either to step back or dive in, depending on an investor's strategy and goals.
Factors Influencing Turnover Rates
Several factors can influence stock turnover rates, and being aware of them can enhance investment strategies:
- Market Conditions: Generally, during times of high volatility or major economic news, turnover tends to spike as traders react immediately to the shifting landscape.
- Company News: Earnings reports, management changes, or product launches can catalyze trading activity. Significant news can lead to rapid buying or selling, pushing turnover higher.
- Sector Performance: Certain sectors may naturally attract more trading activity depending on trends, such as technology or healthcare during innovation phases.
- Trader Behavior: The behavior of institutional versus retail traders can greatly affect turnover. Institutional investors, often trading in larger volumes, can significantly impact a stock’s turnover rate more than individual retail investors.
Understanding these factors fosters a more analytical approach to investing in turnover stocks, ensuring that investors can make informed decisions well-suited to their individual strategies and goals.
"Turnover is not just a number; it's a narrative of how investors perceive and react to a stock's potential."


By grasping the essence of stock turnover and its implications, investors can navigate the complex waters of the stock market with a sharper lens. Awareness leads to better-informed decisions, which is half the battle in today’s fast-paced trading environment.
Characteristics of Top Turnover Stocks
Understanding the characteristics of top turnover stocks is critical for investors who want to navigate the tumultuous waters of the stock market. Turnover stocks are not merely numbers; they represent significant shifts in market dynamics. High turnover often signifies increased activity, which can lead to greater volatility. This section aims to explore specific elements that contribute to these characteristics, shedding light on their benefits and the considerations investors must keep in mind.
High Liquidity Attributes
One of the defining characteristics of high turnover stocks is their liquidity. Simply put, liquidity refers to how easily an asset can be bought or sold in a market without affecting its price. Stocks with high turnover often boast high liquidity, which comes with its own set of advantages. Investors can enter and exit positions more freely, enabling them to capitalize on short-term fluctuations in the market.
However, high liquidity can also signify that a stock is widely followed or subject to market whims. Large volumes can drive up the stock price rapidly, attracting attention from day traders and institutional investors alike. This dynamic can create a feedback loop where increased interest leads to further turnover, yet the reliance on liquidity can sometimes mask underlying volatility.
Key facets of liquidity attributes include:
- Ease of Transactions: Investors find it simpler to execute trades without facing significant price changes.
- Tight Spreads: High liquidity often results in narrower bid-ask spreads, which can be more appealing for traders.
- Price Stability: More participants in the market can lead to less erratic price movements, although this isn't always guaranteed.
Market Behavior Indicators
Another critical aspect of top turnover stocks is how they serve as indicators of market behavior. The activity level often reflects the sentiment and mood of the market. When certain stocks exhibit high turnover, it may suggest underlying trends worth noting.
For instance, a spike in turnover in particular sectors may hint at broader economic changes or sentiment shifts. Investors should watch for sudden increases in turnover as this could provide insight into trading patterns or potential market corrections.
This relationship between turnover and market behavior can be understood through:
- Sector Performance: High turnover in technology stocks may indicate growing optimism within that sector.
- Market Sentiment Shifts: A notable uptick in turnover when economic news is released may suggest traders are reacting swiftly to new information.
- Event-Driven Trading: Earnings reports and other major announcements often lead to increased activity in specific stocks, indicating investor interest and sentiment changes.
Influence of Market Sentiment
Market sentiment plays a pivotal role in turnover rates. The psychology of investors—whether they feel optimistic or pessimistic—can greatly influence trading patterns. High turnover stocks often embody the prevailing sentiments at any given time.
When there’s bullish sentiment, investors tend to jump into positions more readily, seeking to take advantage of perceived upward potential. Conversely, during bearish trends, higher turnover can result from panic selling, where investors try to mitigate their losses. This emotional rollercoaster adds a layer of complexity to understanding turnover stocks.
Some aspects of market sentiment’s influence include:
- News Impact: Favorable news often leads to higher turnover as more investors look to capitalize on potential gains.
- Investor Behavior: Understanding how fear or excitement drives trading can provide crucial insights.
- Speculation: Many high turnover stocks are subject to speculative trading, which can amplify price movements dramatically.
"A stock isn’t just a piece of ownership; it is a reflection of the collective psychology of its investors."
In summary, recognizing the characteristics of top turnover stocks involves grasping the interplay of liquidity, market behavior, and the sentiment driving investor decisions. These elements, while intertwined, can each provide valuable insights. Investors who can decode these signals may position themselves more favorably within the ever-changing landscape of the stock market.
Evaluating Performance of Top Turnover Stocks
Evaluating performance in the realm of top turnover stocks represents a cornerstone of effective investment strategy. When investors dive into high turnover stocks, they must assess not only how these stocks perform in isolation but also how they align with broader market trends. The key is to garner insights that empower strategic buying and selling decisions. Thus, the meticulous assessment of performance can yield benefits such as identifying which stocks exhibit resilience amidst volatility or which might just be fleeting fads.
Analyzing Historical Data
To analyze historical data, first one must grasp the trajectories of turnover stocks over previous market cycles. This involves sifting through records to uncover patterns. For instance, looking at how a stock reacted during market downturns or booms can provide a glimpse of its robustness. Take XYZ Corp, known for its rapid trading, which saw spikes in turnover during tech booms. By tracing its historical performance against various market backdrops, investors can measure volatility and gauge risk tolerance. Consistent data review enables investors to draw comparisons, develop insights, and ultimately make calculated decisions.
Comparative Performance Metrics
Next, comparative performance metrics come into play. At its core, this involves contrasting the performance of top turnover stocks against industry benchmarks. Key metrics to consider include the Price-to-Earnings ratio, Earnings per Share, and return on equity. By juxtaposing these figures against both peers and market averages, investors can highlight stocks that stand out for their exceptional performance. For example, if Stock A consistently outperforms the sector average by a noticeable percentage, this prompts a deeper investigation into its underlying drivers. Understanding these indicators is akin to having a roadmap, guiding investors through the often turbulent investment landscape.
Identifying Growth Opportunities
Finally, identifying growth opportunities comprises a vital part of evaluating turnover stocks. Here, investors must look beyond mere performance data to explore sectors or markets that show promise. This can come from tapping into emerging industries or analyzing shifts in consumer behavior. For instance, advancements in renewable energy have led to a graffiti of stocks in that sector, many of which show rising turnover rates. By keeping an ear to the ground and leveraging news sources and reports, investors can position themselves ahead of the curve. Recognizing potential early gives one a significant edge, allowing for timely entry into promising investments.
"Historical data is not just a record, it’s a window into future possibilities."
Combining these elements fosters a comprehensive view of top turnover stocks. Each analysis, metric comparison, and growth identification weaves together a narrative that reads like an insightful investment guide, equipping investors with the knowledge needed to navigate their ventures with confidence.
Investment Strategies for High Turnover Periods
Understanding the nuances of investing during high turnover periods is essential for any investor hoping to make significant gains. While there are always opportunites lurking in the market's ebbs and flows, high turnover stocks bring unique challenges and advantages. Knowing how to strategize during these boom-bust cycles can spell the difference between gains and losses.
Short-Term Trading Techniques
In the world of high turnover stocks, short-term trading techniques are paramount. Traders often leverage methods such as day trading, momentum trading, or swing trading to capitalize on rapid fluctuations. For instance, day trading allows investors to buy and sell stocks within the same day, focusing on minute price changes.


- Take advantage of volatile swings as stocks may change direction swiftly.
- Utilize technical analysis to identify entry and exit points swiftly. Indicators like moving averages or Relative Strength Index can offer cues on potential price movements.
- Keep an eye on news events; announcements can jolt stock prices significantly, often in unpredictable ways.
This approach requires a keen eye and quick reflexes, but the rewards can be enticing. However, it’s crucial to be prudent and avoid decisions based solely on gut feelings.
"Trading high turnover stocks is like riding a rollercoaster; the key is to hold on tight and anticipate the drops before they come."
Long-Term Investment Approaches
While many may chase short wins, long-term investment strategies can also find their place in high turnover scenarios. Solid fundamentals behind a company can lead to gradual appreciation—even in a volatile landscape.
- Fundamental Analysis: Examine the intrinsic value of a company before hopping on the bandwagon. Take into account earnings reports, profit margins, and competitive advantages in your evaluation.
- Value Investing: Seek stocks that have been unjustly beaten down but have solid fundamentals—a tough task during high turnover but rewarding when successful.
- Diversification: Spreading investments across various sectors may mitigate risks. Instead of putting all your eggs in one basket, think about a mix of high turnover stocks and more stable ones.
This approach involves patience and discipline, enabling investors to ride out the waves rather than panic at every shift.
Risk Management in Volatile Markets
Navigating high turnover stocks without a solid risk management strategy is a gamble few should take. Fluctuations can be extreme, and even the most seasoned investors can find themselves caught off guard. Here’s where diligent risk management steps into the picture.
- Stop-Loss Orders: Setting predetermined exit points can safeguard against significant losses. If a stock price drops to a specific level, having a stop-loss order helps cut losses before they become too painful.
- Position Sizing: Determine how much capital to allocate to each trade based on volatility. Avoid pouring all your funds into a single stock, especially during erratic market conditions.
- Continuous Monitoring: Keep tabs on your portfolio and the market at large. Update strategies as needed based on new information or shifts in market sentiment.
Understanding these elements can provide a buffer against unforeseen downturns. High turnover stocks indeed hold vast potential, but they also come with their fair share of risks. Thus, an investor who balances these strategies thoughtfully may well stand to not just survive, but thrive in the chaos.
Risks Associated with Turnover Stocks
Understanding the risks associated with turnover stocks is crucial for investors considering these volatile assets. While high turnover can signal liquidity and potential opportunities, it also brings a range of dangers that savvy investors must navigate. Recognizing these risks can help in formulating strategies that mitigate potential pitfalls while maximizing gains. In this section, we will delve into the implications of market volatility, liquidity concerns, and psychological challenges that traders face.
Market Volatility Implications
Market volatility is one of the most pronounced characteristics of high turnover stocks. When a stock experiences rapid buying and selling, it often correlates with erratic price movements. Investors must brace themselves for unexpected shifts, which can significantly impact investment decisions.
- Understanding Price Fluctuations: High turnover often leads to pronounced swings in price due to flurries of buying and selling activity. These fluctuations can provide both opportunities and threats to investors. A sudden spike in trading volume could signal a bullish trend, but it can just as easily indicate an imminent sell-off.
- Economic Sensitivity: Turnover stocks are often more sensitive to economic news. An announcement of Federal Reserve interest rate hikes, for instance, may cause a ripple effect across high turnover stocks, resulting in sudden collapses or surges. Consequently, keeping an ear to the ground for economic events is vital for those invested in these equities.
"Volatility is a double-edged sword; it presents risks, but also opportunities for those who wield it wisely."
Liquidity Risks Consideration
While liquidity is generally seen as a positive attribute of high turnover stocks, it's important to understand the nuances that can present potential problems. High liquidity can allow for quick entry and exit from positions, but it can also lead to difficulties during sudden market downturns.
- Slippage Issues: Engaging with highly liquid stocks doesn’t guarantee smooth exits. During times of extreme volatility, even a liquid stock may see significant slippage, meaning the price at which a trader executes a sell order may be substantially lower than expected. This situation can erode profits.
- The Role of Market Makers: Market makers can provide liquidity during regular conditions but may retract their support during chaos. If many investors attempt to liquidate positions simultaneously, the market depth can thin, leading to drastic price adjustments that may catch investors unprepared.
Psychological Factors in Trading
Trading high turnover stocks can wear on an investor's mindset. The psychological aspects are often overlooked, yet they can determine the success or failure of an investment strategy.
- Overreaction and Fear: The fast-paced nature of turnover stocks can lead to emotional trading. When a stock dips sharply, the instinct may be to flee, often resulting in losses. On the flip side, fear of missing out can push investors to buy into the hype at inflated prices, which may not last.
- Discipline and Strategy: It’s essential to maintain discipline in trading strategies. Emotional decision-making often leads to impulsive actions which can be counterproductive. Adopting a well-researched plan that minimizes risks and sets clear entry and exit criteria can prove invaluable.
Investors drawn to high turnover stocks should equip themselves with knowledge of these risks to enhance their strategic responses. By preparing for market volatility, being mindful of liquidity issues, and understanding the psychological components of trading, they can create a more resilient investment approach. This comprehensive understanding will put them ahead of the game in the ever-evolving landscape of stock trading.
Current Trends in Top Turnover Stocks
Navigating the vibrant world of top turnover stocks requires a keen understanding of the current trends influencing market dynamics. In this section, we shall explore various elements that shape turnover rates, offering insights pertinent to trading and investment strategies. The dance of buying and selling shares resonates with numerous economic forces and technological shifts. Recognizing these trends is not just beneficial; it’s essential for investors aiming for performance and sustainability in their portfolios.
Impact of Economic Events
Economic events can ripple through the stock market like a stone dropped in a pond. Major announcements such as changes in interest rates, inflation data, or employment statistics often lead to significant stock movement. Investors become increasingly active during these turbulent times, and turnover rates can surge as a consequence.
For example, when central banks announce interest rate hikes, the cost of borrowing increases. This can lead investors to react swiftly, either buying or selling stocks based on anticipated impacts on company profitability.
- Key Factors Influenced by Economic Events:
- Market Sentiment: Positive news often drives buying while negative news can cause panic selling.
- Sector Sensitivity: Different sectors react distinctively to economic changes; tech stocks may respond to interest rate shifts differently than energy stocks.
- Correlation with Global Markets: Understanding how international developments influence domestic stocks can also enhance turnover strategies.
"The market thrives on sentiment, and sentiment thrives on information"
This highlights that a sound grasp of economic indicators can elevate an investor’s strategy during high turnover periods.
Technological Advancements in Trading


Technology is reshaping how stocks are traded more than ever before. With algorithms and artificial intelligence playing an increasingly central role, trading has become faster and more efficient. In particular, high-frequency trading (HFT) is a phenomenon where firms execute numerous trades at breakneck speeds. This can significantly impact turnover rates as stocks change hands rapidly, often within milliseconds.
- Emerging Technologies Influencing Trading:
- Algorithmic Trading: Automated systems that execute trades based on preset criteria optimize timing and increase volume.
- Blockchain Technology: Beyond cryptocurrencies, blockchain can enhance transparency and efficiency in trading processes.
- Machine Learning: Utilized for predictive analytics, allowing investors to gauge market movements with improved accuracy.
While technology provides opportunities, it comes with challenges, including the necessity for investors to stay updated with the latest tools and platforms.
Regulatory Changes and Their Effects
Regulations can act as either a safeguard or a hinderance in the stock market. New laws or amendments can shape the trading landscape dramatically. For instance, changes in securities laws or reforms in tax structures influence how investors approach high turnover stocks.
- Regulatory Aspects to Consider:
- Impact on Trading Strategies: Short selling regulations can dictate how traders react in volatile markets. An altered legal landscape can quickly shift investor sentiment.
- Investor Protections: Regulatory developments often aim to enhance transparency and reduce fraud, allowing for a more stable trading environment.
- International Regulations and Trade Agreements: New agreements can also shift market dynamics, encouraging or discouraging foreign investment in domestic stocks.
Understanding these regulations is crucial, as they can directly impact portfolio management strategies and turnover decisions. Staying informed allows investors to pivot and adapt to new norms effectively.
As the landscape of turnover stocks evolves, investors must remain vigilant to these trends, aligning their strategies with the nuances of the economic climate, advancements in technology, and regulatory modifications. Engaging with these elements can offer a robust framework for making informed investment decisions.
Case Studies of Notable Turnover Stocks
In the realm of investing, examining actual turnover stocks offers deep insights into the mechanics of the market. Case studies are educational and provide a practical context for the theories discussed throughout this article. In understanding notable turnover stocks, investors can glean not only how these stocks perform under various conditions, but also identify patterns and anomalies that could inform future investments. This section opens a window into tangible scenarios where turnover rates played a pivotal role in shaping investment outcomes, yielding both triumphs and tribulations.
Historical Performance Analysis
When we look back at turnover stocks, the historical performance analysis shines a light on key trends. It’s like rummaging through an attic full of memories; one might stumble upon dusty old photos that tell a story. For instance, analyzing companies such as Tesla or Gamestop reveals how shifts in market sentiment, coupled with external economic factors, have drastically influenced their turnover rates. By digging through past performances, investors can observe:
- Price Fluctuations: Understanding how rapidly changing stock prices correlate with turnover can help investors anticipate future movements.
- Volume Trends: Analyzing volume spikes, particularly during earnings season or market announcements, elucidates the underlying investor sentiment.
Such historical data doesn’t just serve as a record; it sets a foundation for distinguishing potential high-gain opportunities from mere market chatter.
Lessons Learned from Failures
In the world of investing, failures are often more instructional than successes. Case studies of companies like Enron or Lehman Brothers reveal vital lessons on the perils of blind investment without diligent turnover analysis. When turnovers are unusually high during troubling times, significant red flags may be waving. Key considerations include:
- Deteriorating Fundamentals: High turnover can sometimes signal a lack of investor confidence, which may arise from underlying issues within the company.
- Market Sentiment Shifts: Analyzing failed stocks teaches that emotional trading often leads to inflated turnover rates, suggesting caution when making investment decisions based solely on market noise.
Ultimately, these lessons encourage a measured approach to investing—one that values research and critical analysis over guesswork.
Success Stories to Explore
Before moving forward with investment strategies, recognizing success stories amongst turnover stocks is essential. Companies like Apple and Amazon have shown that high turnover isn't necessarily indicative of risk—it can also signal robust investor engagement and confidence. Some critical aspects to notice include:
- Sustained Growth: These firms consistently manage turnover rates that correlate with strong earnings growth, hinting at sound strategic management.
- Adaptability to Change: Both have navigated various economic climates efficiently, maintaining their stock’s attractiveness in a fluctuating market.
Such success stories serve as a guide post, illuminating the path for new investors and seasoned market players alike. They underscore that while turnover stocks can sway like a pendulum, those with solid fundamentals and adaptive strategies often land on their feet.
"Understanding turnover stocks requires more than just examining numbers; it’s about grasping the narrative behind those numbers."
Through these case studies, investors are equipped with critical insights and perspectives, allowing them to approach stock turnover not just as a concept—but as a live, breathing entity within the dynamic investment landscape.
Practical Tips for New Investors
Investing in turnover stocks can be a double-edged sword. On one hand, they offer potential for substantial profit, while on the other hand, they also carry certain risks. Thus, it’s invaluable for new investors to grasp practical tips that can enhance their investing journey. Below are some essential considerations that can aid in making informed decisions when diving into the world of turnover stocks.
Setting Realistic Investment Goals
When stepping into the investing arena, especially with high turnover stocks, it's crucial to set realistic investment goals. The stock market, with its ups and downs, isn't always hospitable to lofty ambitions. Establishing achievable goals helps in maintaining rational expectations, thereby reducing emotional trading decisions. For instance, aim for a modest return on investment over a year rather than dreaming about making a fortune overnight. This kind of pragmatic approach can shield investors from pitfalls that may arise due to haste or impulsiveness. Think of it like planting a tree; it takes time and care to grow strong and fruitful.
Navigating Market Resources
The plethora of information available today can be overwhelming for the uninitiated. Hence, navigating market resources is not just helpful; it’s vital. Reliable resources such as educational websites, stock analysis platforms like Yahoo Finance or MarketWatch, and respected financial news outlets like Bloomberg can provide insights and analyses that aren't shared in casual conversations. Also, engaging in communities like r/investing on Reddit can offer real-world perspectives and firsthand experiences. Staying current with regulatory guidelines and economic news can significantly influence your investment decisions.
Continuous Learning and Adaptation
What sets successful investors apart is their commitment to continuous learning and adaptation. The market never sleeps, nor does it remain static. Therefore, embracing a mindset of lifelong learning is essential. Take the time to read books, attend webinars, or follow insightful podcasts on investing. It’s not just about knowing the facts; it’s about understanding how to apply that knowledge in an ever-evolving market. For example, a trend that worked last year might not yield the same results today, so staying flexible and willing to adjust strategies is key.
"Investing isn't just about numbers; it's about understanding the story they tell."
To sum up, these tips lay the groundwork for a rewarding investment experience. By setting realistic goals, utilizing market resources wisely, and fostering a habit of continuous learning, new investors can navigate the often turbulent seas of turnover stocks with greater assurance and competence.
For more information, you might want to check out Investopedia, Yahoo Finance, or read resources from Harvard Business Review.







