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Uber Shows How Not to Apply Behavioral Economics

Harvard Business

As Noam Scheiber writes in the Times article, “Employing hundreds of social scientists and data scientists, Uber has experimented with video game techniques, graphics and noncash rewards of little value that can prod drivers into working longer and harder — and sometimes at hours and locations that are less lucrative for them.”

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Call Length Is the Worst Way to Measure Customer Service

Harvard Business

Practitioners and pundits alike have long debated which metric is best for assessing the performance of a service organization. It’s not surprising that the metric figures prominently on a service rep’s scorecard. Why is average handle time such a bad metric for service? Related Video.

Metrics 31
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

Bernstein studied assembly-line performance at a company he called “Precision.” Every step of the process was measured, and real-time metrics were easily accessible. A great salesperson will operate much more efficiently with a defined process for reaching out to prospects. Metrics emphasized speed.

Metrics 37
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The 5 Elements of a Strong Leadership Pipeline

Harvard Business

In a Deloitte study of 7,000 organizations this year, 89% of executives rated “ strengthening the leadership pipeline ” an urgent issue. To explain why, I’ll share some findings from a study my colleagues and I just completed at Deloitte. Paul Garbett for HBR. But there’s little evidence that much of this works.

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Are You A Future-Ready Leader?

Organizational Talent Consulting

This TikTok video and news clip of a robotic server at Denny’s went viral with people on both sides of the debate. link] Most economists hold a belief that a more efficient workforce leads to competitive advantage and lowers the costs of goods and services. A recent MIT study revealed that wages in the U.S

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

Harvard Business

Related Video. See More Videos > See More Videos > Tackle the balance sheet. ” Focus on key metrics. Boosting your financial expertise requires figuring out the metrics by which your company measures success. That metric is often expressed in the form of a ratio. Play with numbers.

Finance 28
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Putting the 'Customer' in 'Service Optimization' - Think customers.

1 to 1

1to1 Videos & Podcasts. Though many companies approach service and support as just another metric to be maximized, those that emphasize quality over call times differentiate themselves from the competition and excel in customer satisfaction. 1to1 Videos & Podcasts. White Papers. 1to1 Case in Point. 1to1 Executive Dialogue.

Media 37