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The Planning Fallacy and the Innovator's Dilemma

Harvard Business Review

The basic concept , first presented by Nobel Laureate Daniel Kahneman and his partner Amos Tversky in an influential 1979 paper, is that human beings are astonishingly bad at estimating how long it will take to complete tasks. The average actual cost? But the basic pattern continues.

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After a Blizzard, What's a Fair Price for a Shovel?

Harvard Business Review

On the surface, these results don't appear to synch with those reported by Daniel Kahneman, Jack L. In a Canadian telephone survey, Kahneman et al. There are many potential explanations for these seemingly contradictory results, including different time periods (1986 vs. 2010), geographies (Canada vs. U.S.),

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How to Know If a Spin-Off Will Succeed

Harvard Business Review

A 2010 meta-analysis detailed many of the different issues that make divestiture so hard to evaluate consistently. In parallel, it reduced its fixed costs by restructuring its industrial footprint and overhead structure; increasing sales, marketing, and R&D expenditures in targeted areas; and dramatically reducing working capital.