Category: Management Theory
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Signaling And Selection
As I have discussed before there seems a lot to learn about social interactions, and that includes markets, from biology. Scientists in that area have long thought about problems that concern markets. For example, how can selection work to change a population? Or how can you interpret messages when those sending the messages have an…
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In Praise Of Redundant Capacity
I think evolutionary thinking has a lot to offer strategic discussions. We shouldn’t be too simple and expect perfect matchings from biology. Still, good ideas can carry over neatly to give things to consider. Here I examine a piece in the Harvard Business Review that looks at firm strategy in unpredictable times. I want to…
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Managing For Stakeholders
My second post on Paul Polman’s (former Unilever CEO) and Andrew Winston’s great book, Net Positive, covers a random bunch of advice and ideas that they give on managing for stakeholders. How best to manage a firm with more than just the shareholders in mind? Better Business Practice Can Lead To Better Opportunities Many in…
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What’s With The Alexander Stuff?
There is a cottage industry of people writing about business using the lessons of Alexander the Great. I have only one question: What’s with the Alexander Stuff? The Macedonian king was a terrible bloke, and there are plenty of easier, and much more novel, ways to illustrate business situations. Business As War: Not Really Business…
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Signaling And Education
Why do people pursue academic courses that in no way set them up with the skills needed for their future careers? One obvious answer might be because they enjoy the topic they study. Education is a good thing in itself. I’m all for that. Yet, that seems to be far from a complete explanation. Maybe…
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Don’t Expect Perfect, Go For Better
I have written before about B Corp. Today I am looking at the B Corp Handbook. This is a how-to (and why-to) guide to getting registered as a B Corporation. The authors have a number of suggestions that could prove useful. One of the most important should be shown in big lights whenever people discuss…
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Measuring Performance In Multistakeholder Firms
Jonathan Knowles and Tom Hunsaker have an article in the MIT Sloan Management Review that considers the change in thinking needed when a firm is managed for multiple stakeholders. How then to go about measuring performance in multistakeholder firms? When Money Is All that Matters For the past generation or two firms have often been…
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The Impact Of Sustainable Business
One of the big problems in life is understanding achievements. We often find it fairly simple to look at the resources devoted to some activity. This isn’t always a terrible thing to look at because a pretty good correlation can exist between resource input and good things happening. Yet, this connection is far from perfect.…
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Points Pressure Versus Rewarded Behavior
There are various different ways that loyalty programs can be effective. We looked at how a specific program, Air Miles Cash in Canada, impacted the behavior of its collectors. We compared points pressure versus rewarded behavior to see which drove most of the collector activity. This allowed us to suggest how to increase the program’s…
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Comparing Text Classification Methods
Marketing research, especially academic research, now assesses a lot of unstructured text data. (Unstructured data is that which does not come in neat database/spreadsheet form of rows and columns). Classifying such text is a task that computers excel at. So, how do we go about comparing text classification methods to find which one best fits…
