Trial and Error Economy Archives - Page 2 of 3

14 Nov 2007

Business Goals vs. Strategic Intuition

Business Strategy Trial and Error Economy

Read the first two paragraphs of this Wall Street Journal book review: Set big goals. Do whatever it takes to reach them. These muscular sentences form the core of commencement addresses, business-advice books, political movements …

26 Oct 2007

Gum Marketing We Can All Chew On

Trial and Error Economy

Ben Pratt over at Market-Based Management Institute has a great post on his blog about selling chewing gum in Poland. Here’s an excerpt: He said that several years ago the Polish division of Wrigley … …

14 Aug 2007

How Quants Go Wrong

Economy Investments Trial and Error Economy

Here’s a great quote from a recent Wall Street Journal article: "Events that models only predicted would happen once in 10,000 years happened every day for three days." Matthew Rothman, Ph.D., Lehman Brother Holdings I …

23 Jul 2007

Employee Performance: Measuring to Reward Success

Business Strategy Labor Markets Trial and Error Economy

Labor markets are tight. It’s important to retain your best employees. But who are the best employees? That question is tough. A recent article in Business 2.0 magazine helps employers get a handle on employee …

22 Jul 2007

Advice for Entrepreneurs (which Corporate Executives Can Use)

Business Strategy Trial and Error Economy

Guy Kawasaki moderated a panel at the Churchill Club in Silicon Valley: No Plan, No Capital, No Model … No Problem. The program is well worth watching not only for start-up entrepreneurs, but also for …

21 Jul 2007

Jeffrey Pfeffer Understands the Trial and Error Economy

Trial and Error Economy

Jeffrey Pfeffer is the Stanford business school professor who write a monthly column for Business 2.0. He has a new book out. In conjunction with that Guy Kawasaki asked him 16 questions about management in …

20 Jul 2007

Auto Dealers Best Practices–Lessons for All Businesses

Business Strategy Trial and Error Economy

All business leaders should scan the horizon outside of their own industries for ideas to improve their business. A recent McKinsey & Co. study, How to Build Top-Performing Auto Dealerships, offers insights that everyone can …

18 Apr 2007

Does the CEO Hear the Truth?

Books Business Strategy Trial and Error Economy

I just started reading Competing on Analytics, because analysis of data is a huge competitive advantage in the Trial and Error Economy. The preface, by Harrah’s CEO Gary Loveman (who has a Ph.D. in economics!) …

17 Apr 2007

The 4 Steps to Using Metrics in Hiring Decisions

Business Strategy Labor Markets Trial and Error Economy

Forbes reports that employers are increasingly using quantitative measures in hiring decisions. (Article here, but free registration required.) This will scare some folks, but who hasn’t had really bad job interviews? One fellow wanted to …

11 Apr 2007

Detroit Hurting–Legacy Costs Not the Problem

Business Strategy Economy Trial and Error Economy

Detroit is hurting, but don’t be mistaken–auto sales aren’t bad. Instead, it’s American brands that are doing poorly, while foreign nameplates are doing alright. (We refer to brands and nameplates, because about half of the …

3 Apr 2007

Car Sales Soften Just a Bit

Economy Trial and Error Economy

Car sales edged down, but there’s no disaster in the aggregate. (That’s a warning that disaster is to be found in the details.) Last month’s car and light truck sales were off from February, but …

21 Mar 2007

Consistency First, Then Fine Tune

Trial and Error Economy

"Get consistency first, then fine tune." That’s great advice for a business leader in the Trial and Error Economy. The advice comes from Floyd Wickman, who runs an organization that trains real estate sales people …