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The Comparing Trap

Harvard Business Review

In an adjacent office was a colleague who had written something like 12 books and was an internationally recognized scholar in the area of organizational innovation. Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. He had a beautiful summer house near Cape Cod.

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Sacrifice Is Overrated

Harvard Business Review

Thomas Merton, the famous Trappist monk and Catholic scribe wrote, "A monk is a man who has given up everything in order to possess everything. Thomas Merton's abbey at Gethsemane sells cheese, and in the 160 years since it was founded it has grown from 44 monks to precisely 65. We have an inadequate supply of saints.

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What an Economist Brings to a Business Strategy

Harvard Business Review

They might be surprised at how certain economic notions have been directly applied in business, with largely positive results. Walker’s innovation was to bind travelers to pay the prices they bid if the airlines and hoteliers on Priceline accepted the offers. Here a few notable examples.

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The Irish Banking Crisis: A Parable

Harvard Business Review

Furthermore, if youre the publican, and youve been chatting with me and with Bill, then youre even better positioned to become a de facto arbitrator of notes — a bank. And thats exactly the role that pubs began to play. You might say that a radically decentralized, p2p financial system spontaneously arose.

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