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What an Economist Brings to a Business Strategy

Harvard Business Review

Ask them if they apply much else from else from economics in their actual business careers, and you’re likely to hear “not much.”. Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. Economists and finance. Here a few notable examples.

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How to Woo Talent From the For-Profit World

Harvard Business Review

And a great potential source of talent with the right skills are professionals who change career lanes — people with experience and training in accounting, finance, human resources and strategy who leave corporate jobs to follow their passion to have a social impact. Build Your Bench Strength Without Breaking the Bank.

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The Right CEO Personality for Process Improvement

Harvard Business Review

As I think about companies that compete on consistent, low cost, reliable operations, most have or had leaders who were process innovators, such as Herb Kelleher at Southwest Airlines, Sam Walton at Wal-Mart, Ray Kroc at McDonalds, Jeff Bezos at Amazon.com, and Fred Smith at FedEx.

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The Tempting of Rajat Gupta

Harvard Business Review

They paid their executives accordingly, as did the banks, brokerage houses, hedge funds, and private-equity outfits whose share of U.S Consultants by definition spend most of their careers as outsiders, guns hired from afar to help clients shoot at problems. Was it only ten years ago that the profits of the top 10 U.S.

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Instinct Can Beat Analytical Thinking

Harvard Business Review

Psychologist Gerd Gigerenzer has spent his career focusing on the ways in which we get things right , or could at least learn to. So, for instance, in the course of the financial crisis, it was said that banks play in the casino. Risk modeling in the banks grew out of probability theory.