Remove Finance Remove Productivity Remove Reference Remove Strategy
article thumbnail

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? finance), application (e.g., Reference: Jacowitz, Karen E., is the business solving the right problem, a common question of startup situations). and Daniel Kahneman.

Examples 195
article thumbnail

Is Behavioral Economics Used in Business?

Steve Shu Consulting

Back in 2010, I was part of a team that started one of the early behavioral finance centers with one of the investment manufacturing firms in the United States. One key observation I’ve had is that certain companies can have different strategies for implementing behavioral economics. Mercer UK – Personalised Pension Videos.

Mercer 186
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Need Clients Now? 5 Strategies to Quickly Get More Consulting Clients

Consulting Matters

This helps discern where to focus your time, money and efforts and keeps you from being busy but not productive. Call up former clients and ask them to refer you to clients. EVEN if you feel the crunch on the finances, you do not want to under-value what you can bring to the table. Actively Pursue Referrals.

article thumbnail

Need Clients Now? 5 Strategies to Quickly Get More Consulting Clients

Consulting Matters

This helps discern where to focus your time, money and efforts and keeps you from being busy but not productive. Call up former clients and ask them to refer you to clients. EVEN if you feel the crunch on the finances, you do not want to under-value what you can bring to the table. Actively Pursue Referrals.

article thumbnail

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.

article thumbnail

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

Harvard Business

If you’re not a numbers person, finance is daunting. After all, if you’re trying to sell a product or strategy, you need to be able to demonstrate that it is both practical and high margin. Here are some strategies to improve your financial intelligence. “Finance and accounting are very simple. .”

Finance 28
article thumbnail

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. Data Science vs Data Analytics. Data science is an umbrella term which includes data analytics. Required Skills.

Data 88