Harvard Business Review

SEPTEMBER 29, 2014

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. Here a few notable examples. This has all changed.

Strategy 11

Strategy Black-Scholes Airlines Price 11

Harvard Business Review

JUNE 23, 2016

Our advice therefore can’t boil down to a clear “avoid careers in a, b, and c” or “apply for jobs x, y, or z.” But compliance with regulations isn’t only demanded of banks. ” And yet, we have to admit that there are some knowledge-work jobs that will simply succumb to the rise of the robots.

Compliance 9

Compliance Drucker Banking Cost 9

Harvard Business Review

NOVEMBER 23, 2010

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.

Process 15

Process CEO Insurance Banking 15

You're Not the Boss of Me

MAY 11, 2009

When you are trying something new and the risk of failure is high In any enterprise, innovation is crucial to growth and sustainability. Look at the active role played by the CEO of Southwest Airlines when the news broke about overlooked airplane repairs; amid scandalous cries about having cozy relationships with area FAA administrators.

Delegation 40

Delegation Crisis Blog McCarthy 40

Harvard Business Review

JUNE 20, 2014

This popular triumph of the “ heuristics and biases ” literature pioneered by psychologists Daniel Kahneman and Amos Tversky has made us aware of flaws that economics long glossed over, and led to interesting innovations in retirement planning and government policy. Risk modeling in the banks grew out of probability theory.

Uncertainty 9

Uncertainty Kahneman Banking System 9

Harvard Business Review

JUNE 7, 2016

One of the great innovations in business, which has held sway since 1976, is the idea that professional managers should have an owner’s mindset—that is, they should treat their company’s money as if it were their own. His budget reduction isn’t an insult, it’s a career-building opportunity.

Bureaucracy 8

Bureaucracy Short-term Budgeting Long-term 8