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Enough: Toward A Sustainable Economics

We're no longer surprised that so many people bow down to the Invisible Hand...

COP Meetings – 27 Of ‘em! – With Still No.…

And back at home, Congressman John Curtis (R Utah) tells National Public Radio that the “conservative...

Culture Wars

Count the times the word “culture” came out of reporters’ mouths last week, and you’d think...

Want To Buy A Tech Company?

If you’ve drunk the MBA kool-aid, you believe VCs and M&A bean-counters rationally price their...

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After a dozen years as a market research executive, Fred Phillips was professor, dean, and vice provost at a variety of universities in the US, Europe, and South America. He is now Visiting Professor... Read More »

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Risk Management Turned Upside Down

Risk Management Turned Upside Down

May 22 2015 | comment(s)

A true story. To protect the innocent – and the writer – I’ll use no names.

The president of a large, multi-national engineering and construction firm decided to attract more contracts by reducing customers’ risks. A sound decision, yes? 

It was what he did (which was to offer fixed-price contracts instead of cost-plus contracts) and how he did it (by developing his people and by continuous process improvement) that got him fired - even though the move was showing every sign of success.

So why was he dismissed? The answer lies in that ol’ stereotype of the corporation as an externality-generating machine.

What Business Discipline To Major In?

What Business Discipline To Major In?

Apr 28 2015 | comment(s)

You may find these remarks cynical. You may find them helpful.

Strategy

Ten Commandments For Airlines

Ten Commandments For Airlines

Apr 18 2015 | comment(s)

Following my Ten Commandments for Tech Companies – which changed their behavior not one whit – I offer these shalt-nots for US airlines.

Machine translation poetry

Machine translation poetry

Jan 03 2015 | comment(s)

Nonsensical but oddly beautiful Bing and Google translations from Facebook posts in a variety of languages:

袁嘟嘟第一次以老公的身分參加部門聚會，泡完湯好舒服

12 Common Mistakes In Empirical Social Science

12 Common Mistakes In Empirical Social Science

Dec 29 2014 | comment(s)

Management students entering my thesis prep course without having been involved in research before, or taken a probability course, reliably make these mistakes. Many students go on to do empirical quantitative theses, meaning that their misconceptions about sampling and analysis will come back to bite them.
Companies In Rehab (And Governments. And Universities.)

Companies In Rehab (And Governments. And Universities.)

Dec 24 2014 | comment(s)

A guy messes up his life, and the lives of those around him. We send him for rehabilitation: A jail term, AA meetings, community service, anger management classes, or restitution to victims.