Monthly Archives: April 2016

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    Paul Krugman’s criticism of the eurozone can apply to the US

Paul Krugman’s criticism of the eurozone can apply to the US

Mention the euro and even one of the brightest and most original US economists reverts to pop economics.  Paul Krugman’s keynote at a conference of Europeanists in Philadelphia on 15 April 2016 could not have been more packed with the received wisdom on optimum currency areas. It is supposedly a well-developed piece of economic theory, or so the audience […]

How to de-clutter your career

Devotion to a cause is the cornerstone of a successful career. But if we’re going to keep that commitment burning, we need to have the conviction that with enough willpower, we can get better at what we do, and overcome the inevitable setbacks.

The American psychologist Carol Dweck (see video below) explained the difference between a growth mindset, that makes […]

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    In some countries, state firms pursue politics more than profits

In some countries, state firms pursue politics more than profits

The global sources of foreign direct investment are changing, and state-owned enterprises (SOEs) are an increasingly large proportion of the pool of available global capital. In 2013, SOEs invested $US160 billion internationally, representing 11 per cent of global foreign direct investment flows, despite making up one per cent of total multinational corporations. SOEs also dominate cross-border mergers and acquisitions: […]

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    How workers interact with computers in an automated workspace

How workers interact with computers in an automated workspace

I hired into a “Big Box” warehouse in the summer of 2006. That is what megastores, usually shaped like square or rectangular boxes, are called. In March of 2016, I, along with my advisor published an ethnographic account of working there (Elliott and Long 2016). Each day of the four-year observation period, half a million cases moved through the facility, […]

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    Community involvement lends legitimacy to firms’ social accounting

Community involvement lends legitimacy to firms’ social accounting

Social accounting is a broad term describing a range of company reports on community or wider stakeholder engagement. It is often viewed as a simple process of one-way communication as a company seeks to put forward an account of its social impact. It is less regulated in form than financial accounting, and its purpose is usually framed as winning […]

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    People feel much better when they get right back at an abusive boss

People feel much better when they get right back at an abusive boss

Imagine that your boss is abusive toward you. He or she regularly yells at you, belittles you in front of your co-workers, or prevents you from forming productive relationships with others at work. Interacting with a hostile boss is likely to leave you feeling scarred and defeated. You may experience dissatisfaction with your life or job, symptoms of depression, […]

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    How Industry Analysts Shape the Digital Future – Book Review

How Industry Analysts Shape the Digital Future – Book Review

How Industry Analysts Shape the Digital Future. Neil Pollock and Robin Williams. Oxford University Press. 2016.

For some years I served as a senior academic manager in the Faculty of Arts and Social Sciences at Lancaster University and was involved with a number of university-wide IT projects. It took me a little while to realise that the ‘Gartner’ who was […]

Both sides of the UK debate are misleading the public

Claims and counter-claims about how much it costs the UK to belong to the European Union abound. Unsurprisingly, both sides of the debate cherry-pick the statistics that support their side of the argument, but both are also prone to misrepresent the facts and to neglect data that tell a different story.

Part of the explanation for this confusion is that […]

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    NHS walk-in centres are popular, but divert few patients from A&Es

NHS walk-in centres are popular, but divert few patients from A&Es

In 2010 NHS Walk-in Centres were a valued feature of around 200 communities in England, but many of these facilities have since closed or are facing closure. My research may go some way to explaining why: less than a fifth of patients attending a centre would otherwise have attended an A&E, meaning the centres do little to relieve pressure […]

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    Corporate use of competitive intelligence persists despite its high risks

Corporate use of competitive intelligence persists despite its high risks

Hacking, data protection, security, privacy and intelligence capabilities of organisations to know everything about their customers now worry many consumers. While individuals may have been sensitised to these concerns only recently, organisations have long had a keen interest in protecting their intellectual property from intrusions and, at the same time, in gathering and analysing competitive intelligence (CI), at times […]

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    Domestic savings may be the answer to Africa’s fiscal woes

Domestic savings may be the answer to Africa’s fiscal woes

In the run up to the 2008/09 Great Recession, belief in monetary policy as a countervailing force against potential hard-landings evolved to a near article of faith. During the reconstruction from the ensuing wreckage, central banks across the globe engaged in liquidity expansion exercises in a scale that defied precedents. About seven years later, there seems to be a growing […]

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    Plans for future scenarios are hard to communicate to employees

Plans for future scenarios are hard to communicate to employees

Scenario planning is a well-known and commonly used strategy tool. Despite such widespread use (and its presence in business school curricula), there exists little consensus over what it actually involves, how and when it is done (or should be done), and how it can help organisations. My research attempts to address these issues and develop a more thorough understanding […]

Leadership: one size does not fit all contexts

Within the domain of executive education, the concept of leadership development is an increasingly romanticised one. When we say ‘leadership development,’ more often than not, images of executive travel, luxury retreats, world class ‘experts’ delivering ‘high-end management interventions’ spring to mind, with management gurus flown across the globe to impart knowledge on organisational transformation. But the accepted approach taught […]

Algorithms help devise better telecom spectrum auctions

Q: What is a spectrum auction? Why do we need to re-allocate rights, isn’t this question already settled?

Over the past decade many countries, including the UK, have run auctions to sell rights (licences) to transmit signals over specific bands of the electromagnetic spectrum. Now most of the spectrum is sold, but the demand for mobile internet is growing rapidly.

This […]

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    Better locations could lead to a 20-50% increase in wind farm profitability

Better locations could lead to a 20-50% increase in wind farm profitability

Wind power is becoming an increasingly important part of the US energy mix, taking up more than four per cent of the total electricity generation as of 2014 and growing by 25.8 per cent annually for the past decade.

But have we been able to put the wind turbines in the right locations? It is widely acknowledged that the economic […]

Faster user interfaces could help decrease online piracy

Online piracy (also known as unauthorized file sharing) remains widespread. Technical and legal measures undertaken to fight it show only limited effectiveness, with these approaches sometimes causing substantial unintended side effects for the reputation of the industry and the welfare of even the most lawful consumers. As a case in point, Digital Rights Management makes copying for own purposes […]

It’s time to rethink the way we measure economic activity

The modern economy is a complex entity, subject to a continual process of change and development. The challenge is to ensure that economic statistics — and the methodologies used to construct them — evolve so as to capture these changes such that they remain relevant, accurate, and timely.

The national accounts provide the basic framework for monitoring the evolution of […]

Millennials are in no hurry to own a home

Across America millennials face a crisis of home ownership. The American population born after 1989 are more likely to live with their parents, not just immediately after college but long into their twenties. With house prices on the rise, forming your own home early in life is a pipe dream for most. From 1997 to 2007, roughly 1.2 million households […]

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    Why People (Don’t) Buy: The GO and STOP Signals – Book Review

Why People (Don’t) Buy: The GO and STOP Signals – Book Review

Why People (Don’t) Buy: The GO and STOP Signals. Amitav Chakravarti and Manoj Thomas. Palgrave MacMillan. 2015.

Why People (Don’t) Buy: The GO and STOP Signals is a new publication from Amitav Chakravarti, Professor of Marketing in the Department of Management at LSE, and Manoj Thomas, Associate Professor of Marketing at Johnson School of Management, Cornell University. The main thesis […]

Why do customer fears grow into serious bank runs?

In 2011 depositors of two banks in Latvia, Swedbank and SEB, rushed to empty their bank accounts after a rumor spread on Twitter claiming that the banks were experiencing financial trouble. The bank quickly addressed the rumors as false and police investigations were launched to track down the source of the claims. Despite this quick action, by the time […]