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Uber Shows How Not to Apply Behavioral Economics

Harvard Business

Checklists describe several standard critical processes of care that many operating rooms typically implement from memory. In a related paper published in 2013 , Alexander Arriaga and colleagues had 17 operating-room teams participate in 106 simulated surgical-crisis scenarios. following the introduction of checklists. The result?

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Virgin Atlantic Tested 3 Ways to Change Employee Behavior

Harvard Business

An estimated 21% of carbon emissions in the United States are attributable to companies, and yet to date there is scant research on how to make firm operations more efficient in terms of reducing pollution. Changes in their behavior led to both lower carbon dioxide emissions (by 21,500 metric tons) and an estimated $5.4

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Health Care Providers Must Stop Wasting Patients’ Time

Harvard Business

In 2014 Jess Jacobs, a director in an innovation lab, started blogging about her experience as she received treatment for two rare diseases. So unlike your average patient, she described one 12-hour wait in the ER as having a “7% process cycle efficiency.” Jess was trained as a Six Sigma Green Belt.

Metrics 36
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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

The most important concepts to grasp are “how to measure profitability, EBITDA, operating income, revenue, and operating expenses,” he says. ” Focus on key metrics. Boosting your financial expertise requires figuring out the metrics by which your company measures success. Related Video. Go it alone.

Finance 28
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How Our Company Connected Our Strategy to Sustainability Goals

Harvard Business

However, like many of the companies surveyed by Bain, we were unsure how to connect our strategic vision around sustainability with meaningful operational changes. While tracking metrics to show local and global improvement is an important element, don’t forget to recognize the employees who make success possible.

Company 44
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The Comprehensive Business Case for Sustainability

Harvard Business

This can disrupt a firm’s ability to operate on schedule and budget. Of the respondents, 72% said that climate change presents risks that could significantly impact their operations, revenue, or expenditures. Since 1994, Dow has invested nearly $2 billion in improving resource efficiency and has saved $9.8

Study 28
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If the SEC Measured CEO Pay Packages Properly, They Would Look Even More Outrageous

Harvard Business

On December 7, Portland, Oregon, passed a law that will impose a surcharge on the local business taxes paid by corporations that operate in the city when the CEO’s compensation is 100 times or more the median earnings of the company’s employees. Martin was, however, $193 million in 2014 and $232 million in 2015.