article thumbnail

Today’s Organizations Are Outward Bound

Leading Blog

Yet its influence on our social discourse has caused it to be treated like common property. Thus, the businesses in a city — hotels, restaurants, theatres — might affiliate to promote local tourism. It funds itself by soliciting donations from its users. Twitter even more so, as Elon Musk found out.

article thumbnail

What Is Yield Management and Why Is it So Important?

Strategy Driven

A simple answer will be that Yield Management is a pricing strategy developed for the hospitality, air travel, tourism, and related industries that helps to produce maximum returns from their services. Factors that may help to influence yield management. Many factors can influence the need to change prices in business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What to Know About Doing Business in Iran

Harvard Business Review

Compared to most oil-rich countries in the Middle East, Iran has a diversified economy, its tourism sector is on the verge of a major windfall, and threats to its political stability are in decline. Some powerful Iranian institutions are highly suspicious of Western influence. sanctions and a fragile economy.

article thumbnail

A Plan to Revitalize Greece

Harvard Business Review

It can improve its competitiveness by reducing costs in its traditional sectors, such as tourism, agriculture, and trade. To unlock Greece’s hidden assets, universities and research institutes must become independent from any political influence. In that regard, Greece finds itself at a crossroads.

article thumbnail

Change Management Is Becoming Increasingly Data-Driven. Companies Aren’t Ready

Harvard Business Review

We are working with a large travel and tourism firm to introduce a system for real-time employee feedback. At EY, where some of us work, we have developed a tool for social media analytics called SMAART that is able to understand sentiment within consumer and influencer groups.

article thumbnail

Greece’s Problem Is More Complicated than Austerity

Harvard Business Review

For a country that isn’t export-oriented, and whose major industry, tourism, relies on stability, having its own currency is not much of a solution to economic woes. And it all revolves around a statist model, with politicians creating influence zones. It isn’t only the branded pundits who are neglecting these issues.

article thumbnail

Selling Products Is Good. Selling Projects Can Be Even Better

Harvard Business Review

Airbnb, valued this year at $30 billion, recently announced that it will start selling “experiences” — small tourism projects — as a way to create new revenue streams and address the increased regulatory scrutiny in some of its bigger markets. It now has around 10,000 operating projects. Pricing model. Quality control.