The Great Depression was an event that devastated not just American families and business, but also the lives of people and nations around the world. How did this chapter of history ultimately shape the face of the modern world? […]
It takes solid strategic planning in order to negotiate effectively. What type of outcome you walk away with depends on the specifics of the situation, but here’s how one student used the “I FORESAW IT” mnemonic to make the best of a bad situation. […]
In order to get the best out of negotiations, you may need to employ advanced negotiation tactics. This is where the mnemonic “I FORESAW IT” can help! […]
By Seth Freeman, Ph.D., New York University The best negotiators know that the most reliable tool for attaining a beneficial outcome is planning well in advance. […]
To see how economic mistakes can repeat time and again, you need look no further than recent history. The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade. These collapses demonstrate how easy it is to assume large-scale economic failures are isolated when in fact they are immersed in long-standing philosophies and can have immense global ramifications. […]
To see how economic mistakes can repeat time and again, you need look no further than recent history. […]
After the global financial crisis of 2008, regulators in a number of countries proposed rules to insulate traditional banking (taking deposits and making loans) from the risks associated with other financial services. […]
It’s amazing how just a few items—coffee, tea, sugar, tobacco, and spices—completely changed the focus of the global economy, especially as they’re all entirely superfluous. […]
When should a new business follow a lean start-up approach? Learn about the pros and cons of this model and how it works in real world situations. […]
Sun Tzu reminded us of the importance of analyzing your enemy, understanding your competitor. This is crucial in business strategy, as well as in the military. Strong businesses put themselves in the shoes of their rivals, and they try to anticipate how those competitors will react. And they use that information to help them plot a more effective strategy. […]
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