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2013 Trends and The Power of Women

Women on Business

Guest Post By: Andrea Simon, PhD., president of Simon Associates Management Consultants. As a female entrepreneur who has built a successful company over the past decade, I forced myself to look even further ahead and determine what might be coming, not just in 2013 but in the next five years or so. million in 2011.

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Executive Vision – Navigating the New Leadership Landscape: Retail

Strategy Driven

StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. Juliano Howard T. Dickens Jr. Ives Sharon Drew Morgen Hank Moore Jamie P.

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When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. Sure, human beings, with “their limited computational abilities and their incomplete information,” as the great social scientist Herbert Simon put it , need to rely on the mental shortcuts and rules of thumb known as heuristics.

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When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business Review

For a retailer, it’s extremely useful to know whether a customer will be back or has abandoned you for good. But as the amount of data that retailers are able to collect grows and the predictive models keep improving, the models will inevitably become markedly better at predicting customer behavior than simple rules.

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Know When to Kill Your Brand

Harvard Business Review

Some executives may be reluctant to admit – perhaps for sentimental or political reasons — that their brand is sucking out more value from the company than it creates. There may have been another business that they could have started, utilizing the company’s assets (real estate, technology, staff, etc.)

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Sustainability Matters in the Battle for Talent

Harvard Business Review

But just as valuable is the company''s ability to energize and empower front-line employees. Bain & Company recently surveyed about 750 employees across industries in Brazil, China, India, Germany, the UK, and the U.S. Yet many companies are missing the opportunity to fully engage their employees on this issue.