Remove Development Remove Examples Remove Fixed Costs Remove Policies
article thumbnail

Will Personalized Medicine Mean Higher Costs for Consumers?

Harvard Business Review

In reality, patients frequently face significant out-of-pocket costs for expensive specialized medicines, even under otherwise generous insurance policies. Think about having a homeowner’s insurance policy that covers a small burglary but not a major fire. How technology is changing the design and delivery of care.

Cost 8
article thumbnail

The More Climate Skeptics There Are, the Fewer Climate Entrepreneurs

Harvard Business Review

In other words, climate skeptics don’t just stymie progress on climate policy. Consider the example of a new drug for curing baldness. A drug company must incur a large fixed cost to do the basic research, so it has strong incentives to predict what the demand for the drug will be if its research succeeds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Happens When All Employees Work When They Feel Like It

Harvard Business Review

Let me give you an example. Eden McCallum, thus, manages to keep its overhead and other fixed costs at a minimum. Talent management Employee retention Personnel policies' The only thing the consultants (usually ex-McKinsey, Bain, or BCG) are responsible for is to execute these projects to the best of their abilities.

article thumbnail

China’s Slowdown: The First Stage of the Bullwhip Effect

Harvard Business Review

During an economic crisis, the exaggerated decline in orders can be especially damaging to upstream suppliers that have high fixed costs tied to production assets. This performance, combined with policies of the Chinese government, led investors to believe that future growth would be ever higher, creating the stock-market bubble.

article thumbnail

The End of Traditional Ad Agencies

Harvard Business Review

When one person with a wireless connection can be an agency, a media company, or even a manufacturer, traditional advertising organizations have to change their culture, processes, structure, talent policies, resources, and even their business and revenue models in order to embrace the power of open systems being fueled by digital connectivity.