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What Every Manager Should Know About Machine Learning

Harvard Business Review

Here are a few examples of prediction problems in a business: Making personalized recommendations for customers. Forecasting long-term customer loyalty. The most important test is whether the model is accurate “out of sample”, which is when the model is making predictions for data it has never seen before.

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The Dangers of Linking Pay to Customer Feedback

Harvard Business Review

Problems with sample selection, changes in the mix of customers, differences in response rates, and inadequate sample sizes can lead to scores that fluctuate wildly or are otherwise unreliable. When you begin to quantify customer feedback, employees and managers may not know how to move them in the right direction.

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The Comprehensive Business Case for Sustainability

Harvard Business Review

These require sophisticated, sustainability-based management. ” Improving risk management. ” Improving risk management. Managing risks therefore requires making investment decisions today for longer-term capacity building and developing adaptive strategies. billion in mining projects since 2010.