article thumbnail

What an Economist Brings to a Business Strategy

Harvard Business Review

Priceline introduced the “conditional price offer,” an economic notion developed by the company’s founder, Jay Walker, who put his undergraduate economics training to good use to form a company that has revolutionized travel. Admittedly, better pricing of options has been a mixed blessing. What’s the larger point to be made here?

article thumbnail

Make Serendipity Work for You

Harvard Business Review

For more on the curious history of the word "serendipity," dip into The Travels and Adventures of Serendipity by Robert K. Merton and Elinor Barber.). Adrian Moorhouse is an Olympic Gold Medalist and Managing Director of Lane4, a global performance development consultancy. The princes did far more than make chance observations.

Merton 15