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Applied Behavioral Economics Rule of Thumb #5: Recognize the Possibilities and Perils of Anchors

Steve Shu Consulting

As an example, here are two ways of eliciting information from customers to evaluate a new product: On a scale of 1 to 10, to what extent would you consider X? customer discovery, customer validation, go-to-market). finance), application (e.g., Reference: Jacowitz, Karen E., retirement), and context/conditions (e.g.,

Examples 195
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How to Use Flow Metrics to See if Your Economies of Scale Offer Value, Part 3

Johanna Rothman

That's another form of centralization and what organizations refer to as economies of scale. If you read the article above or any of the other articles you can find online, you might notice Economies of Scale focus on production—specifically manufacturing production. Product development requires teams who can learn together.

Metrics 62
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Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

It refers to a collection of disciplines required to collect, store, analyze, and use big data: Mathematics, Statistics, Computer Science, Information Science, Machine Learning, and Artificial Intelligence. Job Market Prospects. Data Science vs Data Analytics. Data science is an umbrella term which includes data analytics.

Data 88
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Why CEOs Can’t Dance Redux

Rick Conlow

Dancing here refers to engaging, supporting, and communicating with employees in multiple ways. By not dancing, CEOs cost their companies billions of dollars of lost employee innovation, productivity, and customer service. A finance executive said this of the decades-old corporate attitude, “We are GM. We know everything.

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The Most Common Money Fears of Consultants & Coaches (and How to Get Over Them)

Consulting Matters

The presence of money fears can be good if they act as alerts to be strategic about investments and with marketing and sales. I had just come through a divorce the decimated my finances. Money Fear: "I'm not good at marketing so I'll find other more successful consultants or coaches who will hire me as a subcontractor".

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To Start or Not to Start: Overview of a Feasibility Study in Project Management

Epicflow

Sometimes, it’s rather difficult to predict whether a company will be capable of delivering a certain product or service, whether it’s reasonable to invest in this project, and how it will affect the current workflow. Will the delivered product/services be in demand on the market? Market feasibility.

Study 59
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The Cantillon Effect

Tom Spencer

Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. Rising prices over time create an incentive for production to move abroad, and the resulting decrease in productive capacity causes a society to decline. Governments guarantee bank deposits in order to prevent bank runs.

Banking 120