In his new book, a Nobel laureate outlines how the huge disparity arose and the huge course correction needed to address it.
In his new book, Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity, Stiglitz, a Nobel-prize winning economist, professor at Columbia University, and the chief economist at the Roosevelt Institute, asks the question “Can the rules of America’s economy be rewritten to benefit everyone—not just the wealthy?” The answer, he insists, is yes.
HR Mag, Bschool/University Profs of the list: Adam Grant, Amy Edmondson, Cary Cooper, Herminia Ibarra, Jeffrey Pfeffer, Honarary Josh Bersin, Liz Mellon, and Marshall Goldsmith, Steven D’Souza (IE), Stewart Friedman, Sylvia Ann Hewlett, Vlatka Hlupic...
& Dave Ulrich, Rensis Likert professor, Ross School of Business, University of Michigan Link
& Peter Cappelli, George W Taylor professor of management, The Wharton School & Director of Wharton’s Center for Human Resources Link
Must read. Steve Blank is at it again. Always valuable. https://t.co/RiIc6gxeI8— Mark Suster (@msuster) June 26, 2015
A more effective use of activists’ energy, Mr. Wolak (Dir..@Stanford) and Mr. Stavins (Dir..@Harvard) said, would be to work on putting a price on carbon emissions through a carbon tax or a cap-and-trade system. (versus Divestment campaigns etc.)
The most exhaustive study on the subject was conducted by researchers at Oxford, Mr. Caldecott among them. Their report, published in late 2013, examined previous divestment movements — like those against the government of South Africa in protest of apartheid, and against companies that sell tobacco, alcohol or pornography.
That’s largely because most energy company stock is held by big institutional investors like BlackRock and Fidelity, whose managers are unlikely to use their portfolios to advance moral or social agendas.
Divestment in itself is neither here nor there,” Atif Ansar, one of the study’s authors and a professor at Saïd Business School at Oxford, said in an interview. “On its own, it’s not going to generate any real impact.”
The Oxford researchers found that the negative publicity can create reputational headaches.
“It becomes much harder for stigmatized businesses to recruit good people, to influence policy and, occasionally, to raise capital,” Mr. Caldecott said.
A more effective use of activists’ energy, Mr. Wolak and Mr. Stavins said, would be to work on putting a price on carbon emissions through a carbon tax or a cap-and-trade system.
What Rebekah Brooks can teach us about power http://t.co/lIcLIBljFP— Jeffrey Pfeffer (@JeffreyPfeffer) March 20, 2015
...In the real world, outcome interdependence is common. If I choose a subordinate, select an advisor, or help pick a co-worker or teammate, my own outcomes depend on the skill and drive of the person selected. Absent that outcome interdependence, I am much more likely to evaluate others on their likeability, which is partly determined by how they conform to role expectations, including gender role expectations.
A Stanford doctoral student, Peter Belmi, and I have a manuscript in preparation summarizing three studies showing this effect: outcome dependence changes how people weigh competence versus likeability when evaluating others. Likeability is more important when study participants’ outcomes don’t depend on the other person, and competence becomes comparatively more important when they do...
Voilà pourquoi il faut une économie où on peut facilement créer de nouveaux secteurs, démarrer de nouvelles choses, car c’est cela qui compense les destructions d’emplois dans les secteurs devenus obsolètes. Mais pour cela, il faut à la fois de la flexibilité sur le marché des biens et services et sur le marché du travail, un système de formation qui permettent a tout moment aux individus de facilement rebondir d’un emploi à un autre, et des structures d’incubation où interagissent en permanence chercheurs universitaires, entreprises innovantes, et financiers de l’innovation.
(multi-format, incl. PDF 468 pages)
Today it's Three Kings’ Day in Spain - the culmination of the holidays! How are you celebrating?— IE Business School (@IEbusiness) January 6, 2015
He lectured and taught seminars all over the world and received 29 honorary doctoral degrees. Frankl published 39 books, which were translated into as many as 40 languages.
Viktor Frankl delivers a powerful message about the human search for meaning — and the most important gift we can give others.
November 6, 2015, Professor Dennis J. Snower (born 14 October 1950) is an American economist and President of the Kiel Institute for the World Economy and Professor of Economics at the Christian-Albrechts Universität zu Kiel.
Are economists superfluous? Since the last financial crisis a debate has raged as to whether economists still have much relevant insight to offer citizens and politicians alike. Even German Chancellor Angela Merkel recently called upon economists at the meeting of Nobel laureates in Lindau to deliver more practical recommendations to policymakers and to revise their conceptual structure of what is described as economic success. Economics is now in the defensive, in a predicament of its own doing.
The criticism is paradoxical. Economics still is hugely influential: most public policy—ranging from employment to social policy, from environmental to resource policy, from monetary to fiscal policy or health policy—is firmly based on mainstream economic assumptions. The way in which most economic phenomena—inflation, unemployment, growth, inequality, etc.—are treated in the media and public discussion also relies implicitly on the paradigms to be found in economics textbooks.
In response to this paradox—widespread dissatisfaction with economics and widespread dependence on mainstream economic thinking—I claim that economics needs to change in one profound way: the domain of “economics” must change, that is, the content of what is considered to be economics must be redefined...
As part of his research career, he originated the insider-outsider theory of employment and unemployment with Assar Lindbeck, the theory of high-low search with Steve Alpern, and the chain reaction theory of unemployment and the theory of frictional growth with Marika Karanassou and Hector Sala. He was a seminal contributor to the macroeconomics of imperfect competition, and has published extensively on labor economics, macroeconomic theory and policy, and the design of welfare systems. He has recently proposed a new explanation of the inflation-unemployment tradeoff.
The Kiel Institute for the World Economy (Institut für Weltwirtschaft, IfW) is an economics research center and a think tank that is located in Kiel, Germany. In 2013, it was ranked as one of the top 20 research centers in the world for International Trade and one of the top four think tank in the world for economic policy. With more than four million publications in printed or electronic format and subscriptions to 31,970 periodicals and journals, the Institute has the world's largest specialist library for economics.
People underinvest in one asset more so than any other... trust. No asset class is more widely accessible, and none has returns as high.— Deepak Malhotra (@Prof_Malhotra) December 4, 2014
Your vote may not change the world. But it will change your relationship with the world.— Deepak Malhotra (@Prof_Malhotra) November 4, 2014
Better Teachers Receive Worse Student Evaluations http://t.co/uhfiWAxYAW— Harvard Biz Review (@HarvardBiz) September 18, 2014
I am very pleased that the American Economic Association (AEA) and the Federal Reserve Board have organized this conference on an important issue for our profession.
In trying to raise awareness of diversity in the economics profession..
Prompted by the 20th anniversary of Investing in Health, the World Bank's 1993 World Development Report (WDR 1993), an independent commission of 25 renowned economists and global health experts from around the world came together from December 2012 to July 2013 to revisit the case for health investment. The commission was chaired by Lawrence Summers, the Chief Economist at the World Bank responsible for choosing global health as the focus of WDR 1993, and co-chaired by Dean Jamison, lead author of WDR 1993. The commissioners aimed to reconsider the recommendations of WDR 1993; examine how the context for health investment has changed in the past 20 years, and develop an ambitious forward-looking health policy agenda targeting the world's poor populations.
The commission's report, Global Health 2035: A World Converging within a Generation, was published in The Lancet on December 3, 2013 and launched on the same day at events in London, Tunis, and Johannesburg. View the video of the London Launch Symposium...
UN is asking for donations towards the Ebola fund, which is running dry. http://t.co/1pxATnq3OX— NYTimes Health (@nytimeshealth) October 16, 2014
Other ways to help in efforts to stem Ebola’s tide: http://t.co/B4oDeuZ5TT— NYTimes Health (@nytimeshealth) October 16, 2014
13 Oct. 2014
Why are CEOs so bad at social media? Professor of Corporate Communication Paul Argenti offers tips on how CEOs can improve their social media presence - 67 percent of CEOs have no social media presence.
See also his take on this topic in Fortune magazine: fortune.com/2014/10/09/ceo-bra...
Chicago Booth business-school professor
faculty.chicagobooth.edu/amir.sufi/ co-author of "House of Debt".
Why is this any more politically acceptable than just helicopter drops of euros over greece? http://t.co/Ig1pNV58u1— Amir Sufi (@profsufi) September 30, 2014
One of several books: www.amazon.com/Chip-Heath
"Decisive..." October 31, 2011 - We all know that change is hard. It's unsettling, it's time-consuming, and all too often we give up at the first sign of a setback.
Dan Heath is a Senior Fellow at Duke University's CASE center, which supports entrepreneurs who are fighting for social good. He is the co-author, along with his brother Chip, of two New York Times bestsellers: Made to Stick: Why Some Ideas Survive and Others Die and Switch: How to Change Things When Change Is Hard.
A graduate of the University of Texas and Harvard Business School, he lives now in Raleigh, NC.
Chip Heath is a Professor of Organizational Behavior in the Graduate School of Business at Stanford University. His research examines why certain ideas - ranging from urban legends to folk medical cures, from Chicken Soup for the Soul stories to business strategy myths - survive and prosper in the social marketplace of ideas. His research has appeared in a variety of academic journals, and popular accounts of his research have appeared in Scientific American, the Financial Times, the Washington Post, BusinessWeek, Psychology Today, and Vanity Fair. He lives in Los Gatos, California. Dan Heath is a consultant at Duke Corporate Education, one of the world's top providers of executive education. Prior to joining Duke, he was a researcher at Harvard Business School, writing 10 cases on entrepreneurship that are used in business school programmes.
There are strident disagreements these days over every aspect of American educational policy, except for one. Everyone thinks it would be great if we could better teach students how to innovate.
So shouldn’t we be paying a great deal of attention to the educational method that produced, among others, Larry Page, Sergei Brin, Jeff Bezos, Jimmy Wales, Peter Drucker, Julia Child, David Blaine, and Sean “P. Diddy” Combs? They were all students in Montessori schools. According to a Wall Street Journal article by Peter Sims, there’s a “Montessori Mafia” among the creative elite. So maybe there’s something to the method Italian physician Maria Montessori came up with around the turn of the 20th century..
But research indicates that Montessori methods work even for disadvantaged kids who are randomly selected to attend
The main thing I learned there is that the world is a really interesting place, and one that should be explored. Can there be any better foundation for an innovator in training?
Its Master of Science in Management program (Grande École) was ranked 3rd worldwide by the Financial Times in 2014
Le Nouvel Observateur, 13-9-2014
Le livre de Jean-Michel Blanquer, ancien directeur de l'enseignement scolaire, est un éloge de l'expérience et de l'imagination mises au service du système éducatif.
Voilà un livre qui ne passera pas inaperçu dans les couloirs du ministère de l'Education nationale. "L'école de la vie", de Jean-Michel Blanquer, paru en septembre (1), tient à la fois du témoignage, de l'acte de foi et du discours de la méthode.
Témoignage de son métier d'abord. Jean-Michel Blanquer, professeur de droit, a occupé plusieurs postes clés dans l'Education – deux fois recteur d'académie, directeur de l'enseignement scolaire, autrement dit numéro deux du ministère de l'Education... Avant de prendre le poste de directeur général du Groupe Essec.
(1) Jean-Michel Blanquer, "L'école de la vie", Editions Odile Jacob, septembre 2014 (Fnac)
Findings of Harvard Business School’s 2013 – 14 Survey on U.S. Competitiveness
"Michael E. Porter Jan W. Rivkin with contributions from Joseph B. Fuller, Allen S. Grossman, Rosabeth Moss Kanter, and Kevin W. Sharer"
The report also showed a split between small businesses and larger businesses, with alumni from the former more pessimistic along almost every dimension surveyed.
+ September 9, 2014, Boston Globe, Harvard study finds ‘troubling’ divergence in US economy
Executive Summary (page 4)
In 2013–14, Harvard Business School (HBS) conducted its third alumni survey on U.S. competitiveness. Our report on the findings focuses on a troubling divergence in the American economy: large and midsize firms have rallied strongly from the Great Recession, and highly skilled individuals are prospering. But middle- and working-class citizens are struggling, as are small businesses. We argue that such a divergence is unsustainable, explore its root causes, and examine actions that might mitigate it. We ask in particular, how can we create a U.S. economy in which firms both thrive in global competition and lift the living standards of the average American? Four patterns that shed light on this question emerged from survey respondents’ assessments of the U.S. business environment:
• In gauging the future of U.S. competitiveness, the survey respondents were pessimistic on balance. By a ratio of three to two, those who foresaw a decline in U.S. competitiveness in the next three years outnumbered those who predicted an improvement. Reflecting the divergence described above, respondents were much more hopeful about the future competitive success of America’s firms than they were about the future pay of America’s workers.
• Though pessimistic overall, respondents were less negative about the future of U.S. competitiveness than they were in prior surveys. This trend seems to reflect the cyclical rebound of the U.S. economy. Accordingly, respondents were more favorable this year in their assessments of every element of the U.S. business environment. Respondents saw relatively small gains, however, in areas that pose some of the nation’s toughest challenges, including America’s tax code, its K–12 education system, its political system, and its regulations.
• Overall, respondents saw weaknesses in those aspects of the U.S. business environment that drive the prospects of middle- and working-class citizens—for instance, the education system, the quality of workplace skills, and the effectiveness of the political system. And they saw strengths in aspects that influence company success, such as the quality of management, the vibrancy of capital markets, and firm access to innovation. This dichotomy is likely at the root of the divergence described above. • Compared to the typical respondent, alumni working in small businesses had more negative (or less positive) views of virtually every aspect of the U.S. business environment. This finding echoes growing evidence from other sources that small businesses are disadvantaged in America.
Beyond a general assessment of the U.S. business environment, the survey explored three areas of concern where smarter approaches might improve the prospects of the average American: the K–12 education system, workplace skills, and transportation infrastructure. In each of these areas, this report draws not only from the survey but also from wider HBS research efforts.
"Hong Kong is a wonderful, thriving society to be part of. If you don't believe me, go outside today," Sunil Kumar, dean and George Pratt Shultz Professor of Operations Management, said in his opening remarks at the inaugural ceremony’s keynote panel discussion, “Which Capitalism for the 21st Century?”
Impressed by Pres. Obama’s open mind. Today he invited me and other economists to lunch to better understand the needs of the country— Zingales_en (@zingales) July 2, 2014
July 2012, BookTV: Luigi Zingales, "A Capitalism for the People"
In a plea to bolster free markets and not big business, he shared insights from his new book, A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, (Basic Books (June 5, 2012))
Comportamiento espectacular del mercado laboral - http://t.co/UpaOz5qVTK— Rafael Pampillón (@Rafaelpampillon) July 26, 2014
@Rafaelpampillon El mayor descenso trimestral del paro en valores absolutos registrado nunca en la serie histórica de la EPA (desde 1964).— Luis Perez Lopez (@luisperezlopez) July 24, 2014
Francia es un país que se ha descuidado y ha cogido grasa. Necesita ponerse a régimen e ir al gimnasio para ajustarse y ganar competitividad— Rafael Pampillón (@Rafaelpampillon) August 3, 2014
Francia necesita reducir costes (sociales, fiscales y laborales), eliminar subsidios y reformar su mercado laboral para ganar competitividad— Rafael Pampillón (@Rafaelpampillon) August 3, 2014
A la fuerza ahorcan: Francia hace una importante reforma de sus administraciones públicas. http://t.co/COeEWrKIR0— Rafael Pampillón (@Rafaelpampillon) August 3, 2014
en.wikipedia.org/wiki/Richard_Florida is currently a professor and head of the Martin Prosperity Institute at the Rotman School of Management at the University of Toronto (not the author of the IMF report)
Pinning down the precise relationship between growth and inequality is a challenge. Some studies reckon inequality is mildly bad for growth. Others suggest the relationship changes as poor countries grow rich, while still others reckon it is the trend in inequality rather than its level that matters.
Research by economists at the International Monetary Fund aims to add clarity to the debate. In a 2011 paper Andrew Berg and Jonathan Ostry argued that it is the duration of spells of growth that is most important for long-run economic performance: getting an economy growing in the first place is much easier than keeping the growth spell rolling. They reckon that when growth falters, inequality is often a culprit. Latin America’s Gini index is about 50, well above that in emerging Asia, which has a Gini of about 40. (A Gini index is a measure of income concentration that ranges from 0, representing perfect equality to 100, where all income flows to a single person.) Were Latin America to close half of that gap in inequality, its typical growth spurt might last twice as long, on average.
Others reckon that it may not be inequality itself that harms growth but rather governments that tax and spend to try to reduce it. In a new paper Messrs Berg and Ostry and Charalambos Tsangarides tease out the separate effects of inequality and redistribution. They turn to a data set put together by Frederick Solt, a political scientist at the University of Iowa, containing Gini indices for 173 economies spanning a period of five decades. Mr Solt provides Ginis for both market income and net income (after taxes and transfers). The difference between the two gives the authors a measure of redistribution (see chart). In America, which does relatively little of it, redistribution trims the Gini index by roughly ten points. In Sweden, in contrast, it cuts the Gini by 23 points—more than half. Using these figures, the economists can separate out the different effects of redistribution and inequality on growth.
Up to a point, spreading the wealth around carries no growth penalty: growth in income per person is not meaningfully lower in countries with more redistribution. But economies that redistribute a lot may enjoy shorter growth spells, the authors reckon. When the gap between the market and net Ginis is 13 points or more (as in much of western Europe) further redistribution shrinks the typical expansion. The authors caution against drawing hasty conclusions. Details surely matter; nationalising firms and doling out profits would presumably be worse for growth than taxing property to fund education.
Inequality is more closely correlated with low growth...
"Inequality and unsustainable growth: Two sides of the same coin?", Andrew Berg and Jonathan Ostry, IMF Staff Discussion Note, April 2011.
"Redistribution, inequality, and growth", Andrew Berg, Jonathan Ostry, and Charalambos Tsangarides, IMF Staff Discussion Note, February 2014.
"Inequality, the Great Recession, and slow recovery", Barry Cynamon and Steven Fazzari, January 2014.
Andreas Bergh is associate professor in economics at Lund University and the Research Institute of Industrial Economics (IFN), and author of Sweden and the Revival of the Capitalist Welfare State (Edward Elgar, Sep 2014). (blog: www.thecapitalistwelfarestate.com-About)
SWEDEN continues to be one of the countries others look to for an answer to this fundamental question of our times: how can a country successfully combine increasing prosperity with a relatively egalitarian distribution?
For a period of about 100 years, from 1870 to 1970, Sweden managed to combine a wealth-generating capitalist economy with increasing equality. This remarkable development has led to the common misunderstanding that Sweden somehow shows that socialism can work. As I document in a new book, Sweden was not very socialist when prosperity accelerated. Swedish taxes were as low as those in the US (or even lower) until around 1960. It would be more correct to use Sweden as an example of how capitalism fosters prosperity...
Interview with El pais on US longer-term growth (in English): http://t.co/CepmVO6ovO— Gayle Allard (@GayleAllard) July 22, 2014
Editorial on the need for more reform in Spain (in Spanish): http://t.co/tDps5PxEiB— Gayle Allard (@GayleAllard) July 25, 2014
You'll want to get an MBA after viewing the new video by Dartmouth's Tuck School of Business http://t.co/uP6VAl5mJ9— JOHNABYRNE (@JohnAByrne) August 24, 2014
Whoa. I just passed half a million followers on LinkedIn. Check it out and follow my posts there http://t.co/tHmt4jFxmz— JOHNABYRNE (@JohnAByrne) August 25, 2014
Why we should abandon shareholder capitalism and return to stakeholder capitalism: http://t.co/JSsJKgDtu8— Robert Reich (@RBReich) August 10, 2014
A new study (PDF, 42 pages) scheduled to be published in this fall by Princeton’s Martin Gilens and Northwestern University’s Benjamin Page confirms our worst suspicions.
Gilens and Page analyzed 1,799 policy issues in detail, determining the relative influence on them of economic elites, business groups, mass-based interest groups, and average citizens.
Their conclusion: “The preferences of the average American appear to have only a miniscule, near-zero, statistically non-significant impact upon public policy.”
But if we give up on politics, we’re done for. Powerlessness is a self-fulfilling prophesy.
The only way back toward a democracy and economy that work for the majority is for most of us to get politically active once again, becoming organized and mobilized.
We have to establish a new countervailing power.
My lecture on inequality at Aspen Ideas Festival -- to top 1%, who need to understand what's at stake: http://t.co/EKTsb8dkLZ— Robert Reich (@RBReich) July 1, 2014
The writer is Charles W Eliot university professor at Harvard and a former US Treasury secretary
... ... Would American government function better if presidents were limited to one term, perhaps six years long? It is an issue worth debating. The historical record makes the case for change.
The reason against such a change is suggested by the term...
I am Professor of Finance at the School of Business, Trinity College Dublin. You are welcome to this site, wherein you can find some more details of my research and teaching. Please feel free to contact me by email on email@example.com or on +353 1 8961552. A full CV is available
In addition to my academic work I also write a fortnightly column on matters economic and financial in the Irish Examiner
Research quality assessment tools: Lessons from Italy | vox http://t.co/mdqKihmom7 Bibliometrics are as good as peer evaluation— brian lucey (@brianmlucey) 29 Juillet 2014
Property market resurgence a case of deja vu all over again – but can it be stopped? http://t.co/FNtc4yv6Aq— David McWilliams (@davidmcw) 26 Juillet 2014
A politician’s fate is controlled by the economy, rather than the other way around. If they chose an economic vision and were prepared to do something about it, then things would be different, but they don’t have such a vision.
David Schweidel (faculty page) joined the Goizueta Business School faculty in 2012. His research focuses on the development and application of statistical models to understand customer behavior, specifically in the context of customer relationship management and customer valuation. His current research explores the use of social media as a means of marketing intelligence.
— Emory Goizueta (@EmoryGoizueta) February 12, 2014
(Dean Soumitra Dutta Johnson, Cornelll University, is one of the academic members)
Professor Michael McElroy is a leader in the fields of atmospheric science and climate change. In 2001, he was appointed to lead the Harvard University Center for the Environment, and to lead an interdisciplinary study on the implications of China’s rapid industrial development for the local, regional and global environment. Professor McElroy has worked closely with Chinese scientists in the last 10 years.Dr Fung spoke with Professor McElroy at FGI’s Enabling Asia’s Future: Hear from the World’s Leading Thinkers public seminar on May 5, 2014. In Part One of a Three-part series, Dr Fung and Professor McElroy discuss Climate Change, Realities and Responses.
Q1: How should we think about climate change, air quality and energy security? Do these problems belong in separate silos? What is the inter-relationship between all these factors?
I think that all these issues are inextricably coupled, and I would add public health and perhaps political security to that mix as well...
I really think it makes more sense to get the big guys to work together.
Brazil, an emerging global power http://t.co/HDDKd96onU— Lourdes Casanova (@lourdescasanova) 17 Juin 2014
Two decades of the Real, the currency that helped Brazil trust financial stability — MercoPress http://t.co/jvrCLU4gwp— Lourdes Casanova (@lourdescasanova) 3 Juillet 2014
Congratulations to all Brazilians! Against all odds, excellent matches, excellent organization of the World Cup! http://t.co/BMOLajksGy— Lourdes Casanova (@lourdescasanova) 21 Juin 2014
Bel hommage du Président: "souligner le sacrifice des populations civiles qui ont permis la libération de la France" @neomabsschool— On AirMS (@OnAirMS) 6 Juin 2014
Le recensement des morts civiles fait l'objet d'une enquête depuis 1988 par le Centre de recherche d'histoire quantitative, unité mixte de recherche UNICAEN/CNRS et le Mémorial de Caen).
Le Monde (30/5/2014), Par Sylvie Barot (Conservatrice en chef ) et Andrew Knapp (Professeur à l'université de Reading ): ...Victimes, les civils français ? Oui, en partie. Il convient de s'en souvenir sans tomber, justement, ni dans le misérabilisme des nostalgiques du régime pétainiste ni dans l'anti-américanisme virulent et nauséabond qui y est associé sur des sites pseudo-identitaires de la Toile.
"Understanding Europe: Why It Matters and What It Can Offer You", (www.coursera.org/course/europe), started May 9th, 2014, (sign up!, second running of course)
In their recent book, Anat Admati and Martin Hellwig convincingly make the case for much stronger and simpler borrowing limitations for banks. “Whatever else we do,” they write at the beginning of The Bankers’ New Clothes, “imposing significant restrictions on banks’ borrowing is a simple and highly cost-effective way to reduce risks to the economy without imposing any significant cost on society.” But they warn that the issue poses “a fundamental conflict between what is good for bankers privately and what is good for the broader economy.”
Admati, a professor at Stanford Business School, has been a leader in public debates on how best to regulate banks since at least 2010, when she brought together nineteen other finance professors, including Martin Hellwig, head of the Max Planck Institute in Bonn, and Nobel Laureate William Sharpe, to produce a famous letter, entitled “Healthy Banking System Is the Goal, Not Profitable Banks,” which appeared in the Financial Times that November and is elaborated in the book.
The Good Jobs Strategy: How the smartest companies invest in employees to lower costs and boost profits, by Zeynep Ton, New Harvest
...But in The Good Jobs Strategy, Zeynep Ton, a professor at the MIT Sloan School of Management, makes the compelling case that even in low-cost settings, leaving employees behind—with bad jobs—is a choice, not a necessity. Drawing on more than a decade of research, Ton shows how operational excellence enables companies to offer the lowest prices to customers while ensuring good jobs for their employees and superior results for their investors.
Ton describes the elements of the good jobs strategy in a variety of successful companies around the world, including Southwest Airlines, UPS, Toyota, Zappos, and In-N-Out Burger. She focuses on four model retailers—Costco, Mercadona, Trader Joe’s, and QuikTrip—to demonstrate the good jobs strategy at work and reveals four choices that have transformed these companies’ high investment in workers into lower costs, higher profits, and greater customer satisfaction.
Paper showing that companies that treat their employees better beat their peers by more than 2.3% in stock returns. http://t.co/lpaCXhVVKc— Zeynep Ton (@zeynepton) April 10, 2014
...The leader must defend the team, tackling the people problem head on even it means cutting a high performer...
In front of five hundred people Joe Montana answered another of my questions. “What is the worst thing any coach (or manager) can do to a team?” Joe paused, and answered, “To do nothing”. It drives peak performers crazy when bad team mates are allowed to stay. Bill Walsh never let that happen, and neither should you.
The Worst Thing Any Leader Can Do To High Performers. Joe Montana & No Ahole Rule! http://t.co/MzOXnV3gek— Bob Sutton (@work_matters) April 12, 2014
Tapa blanda: 408 páginas
Editor: Gestión 2000 (11 de abril de 2013)
Rafael Martínez Alonso es director en el área de Estrategia y Alianzas de Telefónica S.A. y previamente lo fue en su Gabinete de Presidencia. En el IE Business School es Profesor Asociado en el área de Estrategia e imparte cursos de gestión estratégica, nuevos modelos de negocio y Strategic Foresight, además de ejercer como Tutor de creación de empresas desde 2002. Es también Coach Asociado a Success Unlimited Network® L.L.C., y miembro de la Junta Ejecutiva del Club de Amigos de la Sociedad de la Información. Ha colaborado con diversos medios y es autor del blog estratega.com y la cuenta de Twitter @estratega.
Video: Why you need to view a company as 'a community of human beings' http://t.co/xrheOtE7RG— Karl Moore (@profkjmoore) April 2, 2014
Very short video: