What do economists know that business executives find useful? Economics ought to be indispensable for business decision-makers because it deals with the issues executives face daily: what to pro duce, how and how much, at what price, how best to use resources (time, labor, capital), how to understand markets. Why, then, do managers often think that economists' theories are ivory-tower and impractical? Perhaps because most economics texts are mystifying, jargon-rid den, and written from every perspective except that of the line manager. In Executive Economics: Ten Essential Tools for Managers, Shlomo Maital brings economics down to earth, back to the hard day-to-day decisions that executives have to make. He shows how all decisions can be organized around two key questions: What is it worth? What must I give up to get it? Answering these questions depends upon finding and maintaining the right relation in the "triangle of profit" -- cost, price, and value. Each of Executive Economics ten chapters focuses on one or more legs of the triangle of profit, defines a decision tool, and illustrates how it can be used to improve the quality of executive decisions. Drawing on recent examples from both Fortune 500 firms and smaller companies, Maital shows why economics main contribution is to deepen executives' understanding of the structure of their costs, and to explain why some of a business's highest expenses are those that never appear on a check stub or in a profit-and-loss statement. Executive Economics is written for executives, about executives, and by an author who has both taught executives at MIT's Sloan School of Management for over a decade and served as a consultant to small and large businesses. It is must reading for executives who need simple, effective decision-making tools to give them an edge in today's competitive global economy.
The war in Iraq, Afghanistan, continual conflict in the Middle East, and the global war on terrorism, are all intertwined in a greater battle of global conflict: World War III. However, the fogs that have been created to hide these conflicts from public opinion are obstructing a clear view of reality. Fogs prevent the public from accurately seeing this war unfold and from taking action in the government to help prevent, this now, inevitable conflict. This work unveils that the media and government are two thickening fogs that continue to obscure the reality of what is occurring. Media does little to help develop an in-depth understanding of the world. In turn this creates limited interest in reporting of foreign affairs among the market sectors they strive to reach. The government has focused on winning the hearts and minds of the American people in order to drive the cause of the war on terrorism. Yet, this war has unleashed greater struggles, which citizens have covertly been blinded to. While these global conflicts are seemingly isolated, the authors illustrate that they are, in fact, closely linked with similar underlying causes. The fogs of war and peace need to lessen so the American people can be accurately informed and global leaders are able to strive for better policies in order to bring World War III to an end. Seemingly unrelated conflicts raging in Iraq, Afghanistan, the Middle East, and other global areas, are in fact, closely linked, as part of a greater battle, World War III. In the midst of conflict, this work delves into factors of World War III, and claims that we have already begun this new war. However, in an age where the average American citizen is uninformed on international foreign policy and conflict, the two fogs of government and media, are only contributing to this miseducation. These fogs have never been thicker in obscuring the reality of what is occurring. The fog that is media, explains what is occurring in cryptic sound bites by funneling certain information to the American people. Government, the second fog, affects citizens by either withholding or distorting information and opponents, and expands a great effort to deceive and distort current events. In turn it tries to win the hearts of the people by explaining that this is the only way to obtain the idea of peace. This work explains that through the distorted reality of the fogs, we are now in a stage of disinformation, misinformation, and noninformation, which block the view of citizens from what is truly happening and how to deal with it. It is the first analytical model that clearly examines the fogs of war and peace and how new perspectives must been found. The authors offer a model to help inform readers to better understand World War III, while illuminating the causes, nature, and dynamics of the global concern. In turn, they offer new policy directions for political leaders in America, Israel, and Europe and hope to bring to light these fogs of destruction.
Through a series of short stories and brief case studies about great innovators, this book will help managers and entrepreneurs rethink their innovation processes, using the tools outlined in the book. The eight chapters include narratives on: From Ideas to Action; Breaking the Rules; Learning Creativity from our Kids; Innovation as a Team Sport; and Innovating for Those with Less. The basic idea is that the best way to become a world-class innovator is to learn from other world-class innovators and to study what they did and how they did it.
Increasingly, researchers and policymakers alike recognize that innovations are generated by complex and dynamic national ecosystems that include government, industry, universities and schools.
Striving hard to think of a creative idea?Finding ideas that can't stand the first round of validation?Stuck with implementation of your idea? If yes, you need to 'dismantle'. In real life, human brains are wired to think in straight lines, suppressing their creative instincts from their childhood. There's no school that will encourage dismantling or deconstructing their linear thinking. As a result, we are producing economists who cannot predict a financial crisis, doctors who lack clinical empathy, managers who lack people skills and CEOs who can't look beyond the balance sheet. To generate one idea, you need creative thinking. To generate many fresh ideas, you need a new system for creative thinking. Dismantle breaks your conventional thinking, deconstructs your mind and helps build your personal creativity machine.
Applies psychology to human economic behavior in a discussion of such topics as tax evasion, savings, gambling, high interest rates, inflation, and sluggish productivity
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