Why Companies Hire an External Consultant to Help Them

Strategy Driven

The consulting market across the world is valued at 262 billion dollars. Specialized skills are expensive to develop in-house and you might only need them occasionally. This means they develop a network of connections.

Twitter Weekly Highlights for 2011-03-18

Tanveer Naseer

Here’s a compliation of some of the articles/tweets I shared on Twitter this week: Leaders, Are You Developing Your Employee’s Super Powers? Brand # marketing in social media – Coffee House # Book Review: “Wikibrands&# [link] #. 4 Problems With Our Brains That Cause Us To Make Dumb Decisions [link] # psychology #decisionmaking #.

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Is Economics Ready for a New Model?

Harvard Business Review

In the sense that financial markets and the economy in general are far more fragile than most mainstream economists contemplated before 2008, there was a bit of unlearning done in the 1990s and early 2000s. The 1987 stock market crash was a scare. So were the currency and debt crises of 1997 and 1998, and the stock market collapse of 2000-2002. Economic theories based on rational behavior have been called into doubt by recent events.

Make Your Innovative Idea Seem Less Terrifying

Harvard Business Review

Much as I want to believe that a glaringly good idea will stand on its merits, I have come to realize that just like any product or service, ideas require good marketing if they’re going to reach their intended customers. Today, she’s the Head of Stakeholder Engagement for their in-development Dengue Fever vaccine — one of Sanofi’s largest business initiatives.

Longrunonomics vs. Shortrunonomics

Harvard Business Review

Shiller had already circulated his devastating demonstration that asset prices were much too volatile to be explained by fundamentals, and the 1987 market crash had provided an object lesson in panic. Real business cycle theory continued to prosper, developing an increasing stranglehold over the professional journals. It doesn't offer much hope, though, for clear guidelines to macroeconomic decisionmaking.

Take the Bias Out of Strategy Decisions

Harvard Business Review

One way is to develop and set a clear decision rule beforehand, when there is nothing concrete to decide upon yet. For example, every year, he organized the “Fremantle Market”; an internal meeting in London where Fremantle executives from all over the world presented their new ideas (usually in the form of a trail episode). Depersonalizing decisionmaking can sound cold or aloof, but it’s the best way to ensure a better outcome, for ourselves and our companies.