Remove 2011 Remove Information Technology Remove Retail
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Structural Economic Shift and Unemployment

Coaching Tip

Beginning on January 1, 2011, the Bureau of Labor Statistics will group people by the actual number of weeks of unemployment, up to five years. Source: The New Yorker, January 3, 2011. What has defined the recent recession was the biggest decline in consumption and investment since the Great Depression.

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Will Big Data Kill All But the Biggest Retailers?

Harvard Business Review

Increasingly, the largest retailers in markets across the country are employing sophisticated personalized marketing and thereby becoming the primary shopping destination for a growing number of consumers. Retail has entered the era of Big Data. The biggest retailers are investing accordingly.

Retail 15
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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.

Simon 12
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Good Management Predicts a Firm’s Success Better Than IT, R&D, or Even Employee Skills

Harvard Business Review

In fact, it matters as much or more than a number of other factors associated with successful businesses, like technology adoption. Large-scale data on management has been virtually nonexistent, at least until recently. Companies with higher management scores were also more likely to expand and less likely to go out of business.

Skills 13
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How New Technologies Push Us Toward the Past

Harvard Business Review

In order to efficiently exchange the information necessary to buy and sell goods, produce things of value, learn, or be entertained, people had to gather in physical places. Thus, you can see our existing infrastructural assets, and the business processes supporting them, as information transfer proxies.

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Midsized Firms Can’t Afford Bad Bets

Harvard Business Review

Even what appears to be a small investment risk can turn into a big one, especially when information technology comes into play. The malfunction caused major delays shipping toys to retailers. Not surprisingly, many of those retailers refused to pay when the toys finally did arrive, too late for the holiday season.

CFO 8
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The Comcast-Time Warner Merger Is Not a Sign of Strength

Harvard Business Review

As weaker competitors fail to adapt, the remaining incumbents are likely to increase their market share, as for example when Circuit City and other electronics retailers closed in response to new competition from Amazon and other better and cheaper Internet retailers. Competition Information & technology Mergers & Acquisitions'