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When Talent Started Driving Economic Growth

Harvard Business Review

The mid-1970s was an inflection point in American history: the moment when talent became recognized as the engine of economic growth. It was no accident that Arthur Laffer drew his famous curve on a napkin in 1974, that Wanniski wrote his book in 1978, and that the US tax system changed totally in 1982.

LBO 8
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Your New Hit Product Might Be Underpriced

Harvard Business Review

Often new products are over-engineered with too many features, usually at too high a price. But in 2003, the company didn’t realize the mega hit it was about to have with the Noah’s Ark play set. Between 65% and 75% miss their revenue or profit goals, depending on whose research you look at. How do you so?