Author: EconLearner

Here’s some insight from Kellogg professors on how individuals, teams, and companies can get comfortable with and get the most out of data analytics.1. Leaders must also understand AnalyticsFirst, let’s dispel the myth that you just need to hire a crackerjack analytics team.Florian Zettelmeyermarketing professor, emphasizes the need for business leaders to be comfortable with analytics as well.This does not require a degree in computer science. It takes what Zettelmeyer calls a “working knowledge” of data science. This means you can separate the good data from the bad and know exactly where analytics can add value.Zettelmeyer says most managers share…

US Trade Representative Catherine Tye (C) speaks during a cabinet meeting in … [+] Indo-Pacific Ministerial Economic Conference in Los Angeles, California on September 8, 2022. (Photo by Frederic J. BROWN / AFP)AFP via Getty Images The US and other trade negotiators working on the Indo-Pacific Economic Framework for Prosperity (IPEF) are in San Francisco this week to see how much progress they can put on paper before making a big announcement. The answer, it turns out, is not much. US calls for other countries to sign up to “strong and enforceable labor standards” have hit roadblocks. Not surprisingly—those other…

These are the career civil servants whose long-term job security does not depend on political beliefs. They are, by default, shielded from dismissal attempts by administrations whose policies they disagree with.Insulating lower-level bureaucrats from the tendency of incoming administrations to install political loyalists in senior positions has a number of well-established benefits. First, it ensures that the machinery of government does not grind to a halt after every election. It also enables federal departments to hire and promote people based on experience rather than ideology. And eliminating that system would effectively gut whistleblower protections (as anyone from the opposite party…

CoverSelf co-founder Rajasekhar MaddireddyCreative photography How do America’s health insurers resolve claims more efficiently and accurately in a system notorious for bureaucracy and rigid practice? Technology startup CoverSelfwhich is announcing a $3.4 million expansion of its seed funding round today, believes its software platform could be the answer. Founded in 2021 by two healthcare veterans, Rajasekhar Maddireddy and Raghavendra Pawar, CoverSelf targets payers in the US system – the insurance companies that pay hospitals and other care providers on behalf of the patients they have treated. Currently, these insurers outsource the work of processing their claims and payments to third…

Executive onboarding in two stepsgetty “A company asked me to work part-time for ten weeks, when the intention is to turn me into a full-time head of marketing. They also revealed that it is also an opportunity for both sides to assess their suitability.” This tentative temp-to-perm lease has pros and cons for both sides. The advice to anyone who receives such an offer is to write their own story. The advantages for the organization are immediate assistance and a low-risk way of assessing capabilities, motivation and adaptation. The disadvantages are starting a relationship with less than full commitment, communicating…

Miles Rote is the head of author strategy at KAA, empowering authors through navigating book writing, editing and publishing. Check out our books. getty In today’s world, time is money and attention is currency. And with advances in personal data collection, artificial intelligence and algorithms designed to keep us glued to the screen, the battle for attention has never been fiercer. But with short-form tweets, reels, threads and TikToks running at the bottom of the brainstem, businesses need to step back and think longer term. When everyone goes left, go right. They zig, you zag. Instead of building your marketing…

This observation was made Kteily thought. An associate professor of Management and Organizations at the Kellogg School, he has studied inequality for years, but his research has typically involved asking people directly about their views on issues such as racism and classism.But that’s rarely how we encounter inequality in the real world, he realized. What if, as he failed to notice the gender bias in that seminar, some people are simply less inclined to notice inequality in the first place? Could this help explain why we have such sharply divergent views on the levels of inequality in the world around…

The Ukrainian economy is expected to shrink by one third in 2022. The war has kept people from their homes and their normal jobs, some 13 million civilians have been displaced and 700,000 Ukrainians (mostly young men) have left the workforce to serve in the armed forces. Factories and houses have been destroyed, and the Kyiv School of Economics estimates that Ukraine’s infrastructure losses as a whole 115 billion dollars. Some of these problems will of course be resolved when the war is over, but most will not be. Many of those displaced will be without homes or jobs, and…

For decades, vaccines were the mainstay neglected by the big pharmaceutical companies. Big drugmakers have preferred to focus on drugs like Lipitor—a statin used to lower blood cholesterol—which was first approved in 1997 and has contributed $143 billion to Pfizer’s revenue since 1999. Or Norvasc— a calcium channel blocker that dilates blood vessels and improves blood flow—which has generated more than $50 billion in revenue for Pfizer over the past 20 years. Drugs like Lipitor and Norvasc are so profitable because they are prescribed to patients with a common and chronic condition, and since the drug is protected by patent,…

A couple flirting next to a Christmas tree, December 1955. The female model is Susan Abraham. … [+] Original publication: Housewife Magazine – pub. 1955 (Photo by John French/Getty Images)Getty Images How much should I spend on a holiday gift for my significant other? This is a question for the ages and one of great concern. Most people are deathly afraid of looking cheap if they spend too little or extravagant if they spend too much. How much you should spend on a holiday gift for your significant other can vary greatly depending on your circumstances and the nature of…