Author: EconLearner

Concept of solidarity and peace with a multiracial human chain. getty Despite overcoming adversity, there are Native American professionals who have excelled in corporate professions. But there are very few indigenous people who are in the public eye because they thrive in corporate America. Think about it. Have you ever read about a native person running a Fortune 500 company? If you have participated in PPC training, did you mention indigenous people? When discussing DEI’s efforts, many companies exclude Native Americans. In addition, Native advocates say there isn’t enough Native representation in corporate America. I spoke with two Indigenous lawyers…

Most Americans focus their habits on getting more exercise, eating healthy, and losing weight. A new … [+] The diet says it can improve your mental health and help you live longer.getty During the holiday season, we are presented with a myriad of tempting foods, many of which are unhealthy and can deplete our energy. You don’t have to be a rocket scientist to know that good nutrition, along with plenty of sleep and good exercise, provide fuel that promotes your health, mood, and mindful productivity at work. We have known for years that there is a direct relationship between…

One of the biggest challenges of any new leader is choosing their leadership team. Maybe some of their team has already been selected for them, so they have to decide whether to keep those employees or not (if they are allowed to make those choices). They may be given the opportunity to select others to complete their team. The tendency for most people is to choose people you feel closest to, which often ends up being people like you, especially in ideas or backgrounds. This can be so easy to do, but also detrimental to the future success of a…

Sometimes they don’t even think they have one.It’s your BATNA, or your “best alternative to a negotiated deal.” In other words, it’s what you’re left with if a given trade doesn’t work out, it’s your default situation.Your BATNA is critical as it determines your leverage in life’s most important negotiations, such as a job offer or the sale or purchase of a home, as well as in day-to-day business dealings. If you feel really good about your BATNA, you’re more likely to “stick to your guns” and not negotiate so hard. If you’re not happy with your default situation, you…

One of the key questions facing many economists is how economies can continue to grow and innovate in ways that are sustainable over the long term.For Philip of Agios, a professor at the College de France and INSEAD, helps think of the problem in terms of “creative destruction”—the process by which new products and ideas replace old ones. Aghion was recently at Kellogg to deliver it Nancy M. Schwartz Memorial Lecture. During his visit he spoke with Kellogg’s Ben Jonesstrategy professor, to discuss innovation, competition and designing a fairer capitalist future.This conversation has been edited for length and clarity.Ben Jones:…

Larger scientific groups have become much more common over the past 50 years. And these larger groups outperform smaller ones, producing research that is more cited by other scholars. That was the key finding of a 2007 paper from the Kellogg School’s Brian Uzziprofessor of management and organizations, and Benjamin Jonesstrategy teacher.Now researchers are not only looking at the size of a group but also its composition. In new research, Uzzi and Jones found that the gender mix in teams matters. Mixed-gender teams produce more novel and effective scientific research than all-male or all-female teams, according to the paper, which…

Transparency requirements are often put in place to ensure that decision makers are following the rules. After all, sunlight is the best disinfectant, right? That’s one reason many boards keep a record of meeting minutes, managers exhaustively document hiring processes, and marketers are required to communicate on monitored platforms.But a new study shows that these kinds of measures may not always be very effective. Nemania Anditsassistant professor of managerial economics and decision science at Kellogg, and his colleagues find that it is often possible for people to share enough information during discussions to have the desired outcome while still maintaining…

The end of 2022 has not been kind to the crypto space. The melting of the FTX exchange, along with the high-profile collapses of many currencies, have caused many investors to think twice about their positions in the sphere.FTX, the third largest of the centralized exchanges where people go to trade all kinds of cryptocurrencies, recently filed for bankruptcy. The fall expected to be widespread. Kellogg Insight caught up Sarit Markovicclinical professor of strategy and fintech expert, to discuss what happened, what we can learn from it and where the industry can go next.This conversation has been edited for length…

They used Tu Vi, an ancient belief system in Vietnam with Taoist roots stretching back to at least 16th century China. Tu Vi offers individuals and couples predictions about future events—such as marriages, births, deaths, business prospects, and travels. These are based on a person’s birth time and moon year of birth in the 12-year zodiac.Tu Vi’s popularity in Vietnam has ebbed and flowed throughout the 20th century and regained widespread popularity in the last 30 years. But little is known about whether these kinds of religious belief systems, which are independent of any institution or doctrine, influence people’s behavior.Specifically,…

“It was obvious in March that the war was a colossal mistake—and that there were voices warning of the great dangers and difficulties of the invasion,” says Georgy Egorov, professor of managerial economics and decision sciences at the Kellogg School. “At the end of the day, the decision-making process boiled down to a few people close to Putin who acted like yes.”In the long view of history, this failure to seek wise counsel is more the rule than the exception. From Emperor Nicholas II’s decision to enter World War I to Saddam Hussein’s invasion of Kuwait, authoritarian leaders have a…