Business and Economics
Negotiation Gone Wrong: A Common Pitfall to Avoid
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. […]
Business and Economics
Business and Economics
What Caused the Great Depression? Exploring the Smoot-Hawley Tariff
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. […]
Business and Economics
The Great Recession: Mismanaging Risk
To see how economic mistakes can repeat time and again, you need look no further than recent history. […]
Business and Economics
How Banks Endanger The Financial System
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. […]
Cooking
How The History of Coffee Shaped The Global Economy
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. […]
Business and Economics
How To Start A Business: The Lean Start-Up Approach
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. […]
Business and Economics
Games That Businesses Play—3 Famous Examples of Failed Business Strategy
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. […]
Business and Economics
Maintaining a Healthy Company: How Businesses Sustain Competitive Advantage
Imagine that you are working in or leading a very successful company. Your investors are enjoying attractive returns. You’re producing strong earnings, and you have competitive advantage over your rivals. I have a harsh truth to share with you. You’re unlikely to be on top a decade from now. […]
Business and Economics
One Essential Tactic For Successful Negotiating
By Seth Freeman, Ph.D., New York University A common flaw for a novice negotiator is to focus on their own needs and demands. The skilled negotiator, […]
Business and Economics
Is Little Data The Next Big Data?
Is personal quantification (little data) the next evolution of the Big Data revolution? Is our addiction to analytics leading us astray? […]