article thumbnail

Decision Making Scenarios

Coaching Tip

Before making an important decision, prudent managers evaluate the situations confronting them — and often fall into one of the eight traps of faulty thinking. The path to reciprocity is indirect: reciprocity ensues from the social capital built by making contributions to others. The Antidote. The Prudence Trap. Schoemaker.

Cialdini 138
article thumbnail

What It Takes to Become a Great Product Manager

Harvard Business Review

Because I teach a course on Product Management at Harvard Business School, I am routinely asked “what is the role of a Product Manager?” ” The role of a Product Manager (PM) is often referred to as the “CEO of the Product.” Pricing and revenue modeling. Performing market assessments.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Don’t Write Off the (Western) Focused Firm Yet

Harvard Business Review

The rise of Tata in India, Koç Holding in Turkey, and Grupo Carso in Mexico have some management thinkers contending that the conglomerate is back at the expense of the focused firm. In that same period PPG’s share price has risen by a compound average rate of 6.6%, compared to 5.1% for the S&P 500 Industrials. in the U.S.,

article thumbnail

From Zipcar to the Sharing Economy

Harvard Business Review

Avis has taken an interesting (and bold) step by acquiring Zipcar, absorbing an innovative but struggling competitor at what is likely to be seen as a bargain price while acquiring a small but desirable customer base and gaining a foothold in the rapidly growing world of collaborative consumption.

article thumbnail

The CEO's Priority Should Be the Corporation's Survival

Harvard Business Review

For example, a decision to invest in growth, which might be better for longer-term shareholders, can often come at the expense of a higher dividend, which might suit short-term investors; a choice to pay higher wages and make employees happy and allow for price reductions, the benefits of which go to customers, impossible; and so on.

CEO 11
article thumbnail

Exploiting Beauty in the Workplace

Harvard Business Review

In the upcoming issue of HBR, our Synthesis column dives into Hakim's new book , and two others on the topic, to understand what this concept means for managers. Women, she says, are more charming, more graceful in social interaction, and have more social intelligence than men, but they don't exploit those advantages.

article thumbnail

With New York Schools Appointment, Bloomberg Did it His Way

Harvard Business Review

Black has no management experience in education — her entire career has been spent in magazine publishing — and her contact with the public school system in New York has been very limited. The contretemps over this appointment brings to mind three classic management issues, and research about them that is too often ignored.