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4 Models for Using AI to Make Decisions

Harvard Business Review

Executives who wouldn’t hesitate to automate a factory now flinch at the prospect of deep-learning algorithms dictating their sales strategies and capex. His group’s data science, procurement, and supply chain teams crafted algorithmic ensembles that, by all measures and simulations, would save hundreds of millions.

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Don’t Play with Dead Snakes, and Other Management Advice

Harvard Business Review

He talked about the boat men of the SEAL teams, and how it was not necessarily the biggest guys who could get the boat out and back as quick, but the smaller men who just had more heart. Companies used to spend a ton of money testing products with focus groups and market research teams. These companies have effectively no capex.

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Why Corporate Social Responsibility Doesn’t Work

Harvard Business Review

Savor of Temple found that firms led by single CEOs engage in much more aggressive investment behavior, in terms of capex, innovation activity, R&D, and acquisitions, than companies led by married chief executives. If the chief executive is unmarried, maybe he (or she) is just trying to attract a mate.

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Do We Need A Recruitment Agency For Robots?

The Horizons Tracker

The paper examined 19 industries over a similar timeframe to that explored by the LSE team, with all 19 of the industries having introduced industrial robots (as opposed to AI) over that timeframe. This apparent American outlier was confirmed by a second paper published recently in the National Bureau of Economic Research.

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