Monthly Archives: January 2017

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    With software updates, Tesla upends product life cycle in the car industry

With software updates, Tesla upends product life cycle in the car industry

Traditionally, cars are sold as finished and complete products, with a price premium attached to the specification and quality of design and craftsmanship. The buyers do not expect new cars to improve or change once they are rolled out of the dealer’s premises. Only occasional maintenance services, software updates or repairs are carried out to keep cars functional. To […]

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    How leaders can enable employees to voice more and quit less

How leaders can enable employees to voice more and quit less

Interested in hearing genuine suggestions from subordinates? Want to reduce their turnover? Actually you can achieve both together by learning to become an ethical leader. In a recent study, my co-authors and I studied whether supervisory ethical leadership can engage employees more on their jobs, and in turn, influence the likelihood that they will speak up more and stay […]

Workers are happier with less hierarchy

Workers’ satisfaction with their job is, on average, higher in a flatter organisation than in a hierarchical organisation. That is the consensus finding of a survey of leading researchers on wellbeing from around the world on the impact of different organisational structures on workers’ wellbeing.

Hierarchical versus flat organisations

In the second round of the World Wellbeing Panel monthly survey, 31 […]

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    Transhumanism and the future of capitalism: The next meaning of life

Transhumanism and the future of capitalism: The next meaning of life

Although there is no single definition of ‘transhumanism’, the term broadly relates to the idea that the human species should radically transform itself as it has the physical environment through the use of advanced technology. Steve Fuller writes on the link between transhumanism and capitalism, and elaborates on what it would mean to be a person in such a […]

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    Anthropologists in the Stock Exchange: A Financial History of Victorian Science – Book Review

Anthropologists in the Stock Exchange: A Financial History of Victorian Science – Book Review

Anthropologists in the Stock Exchange: A Financial History of Victorian Science. Marc Flandreau. University of Chicago Press. 2016.

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The focus of Marc Flandreau’s Anthropologists in the Stock Exchange: A Financial History of Victorian Science is to unearth and explore the links between the development of early circles of anthropologists and the use of science in British imperial formal […]

Engineering financial distress in the NHS

In a 2013 report, Lawrence Tomlinson, then Entrepreneur in Residence at the Department for Business, Innovation and Skills, outlined a model deployed by the banking industry to “artificially distress an otherwise viable business and through their actions put them on a journey towards administration, receivership and liquidation”. The model, identified (and castigated) by Tomlinson, is ingenious. And in its main […]

January 28th, 2017|Geoff Meeks, NHS|0 Comments|
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    Theresa May should press President Trump about his actions on climate change

Theresa May should press President Trump about his actions on climate change

On 13 January, the office of the Prime Minister, Theresa May, received a letter signed by 100 members of the climate change research community about the potential threats to, and opportunities for, the UK national interest arising from the recent elections in the United States.

I had signed the letter after becoming concerned by alarming reports of plans that could […]

Brexit and its likely impact on the UK creative industry

UK Prime Minister Theresa has begun to set out her vision for Brexit. She was clear that the UK will be leaving the Single Market, but she also alluded to a possible sector-by-sector approach to trade negotiations with the EU.

Presumably this will focus on sectors of great economic relevance. The financial and automotive industries have already received much attention, […]

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    The population centres that Columbus found in 1492 persist as major cities in the Americas

The population centres that Columbus found in 1492 persist as major cities in the Americas

Does economic fortune persist in the long run? This question has been the object of intense research; while some studies find a reversal at the national level for colonised countries (Acemoglu, Johnson and Robinson 2002) others show that fortune has largely persisted for thousands of years (Comin et al. 2010; Ashraf and Galor, 2013), especially in terms of populations […]

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    Does a firm hiring an experienced manager improve its performance?

Does a firm hiring an experienced manager improve its performance?

The enormous variation in firm performance has become a focus of empirical and theoretical interest throughout the social sciences, including economics. The topic is both complex and fascinating. Firms are such multifaceted organisations — whether small regional players or large multinationals — where technological, social, institutional, historical, and human factors all interact. Within such a complex world, a recent […]

How salespeople can stimulate the global economy

Currently valued at US$20.4 trillion, ‘no decision’ opportunities are languishing in pipelines all over the world; a global ‘gold reserve’ of seismic proportion waiting to be unlocked by sales people. This is one conclusion from our latest research The Sales Persons Secret Code, which suggests more than 27 per cent of opportunities forecast and pursued by salespeople result in […]

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    Ghana won’t be able to fix its economy if it uses last decade’s rule book

Ghana won’t be able to fix its economy if it uses last decade’s rule book

Ghana’s 2008 general election remains one for the history books. The electorate voted out a government (the New Patriotic Party) that had presided over:

a decline in the number of the unemployed masses (averaging a 7.9 per cent year-on-year fall in the number of unemployed between 2001 and 2008);
a more stable monetary environment with a decline in annual inflation from […]

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    Where mining takes place, food production takes a hit in Ghana

Where mining takes place, food production takes a hit in Ghana

The device you are using to read this blog contains at least a dozen different types of minerals, many of which most likely come from modern large-scale mines in developing countries. As these mining operations tend to be located in poor rural locations, the question of how neighbouring populations are affected by their expansion becomes an interesting one. The […]

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    Tracking the pesky myths that blame women for the glass ceiling

Tracking the pesky myths that blame women for the glass ceiling

For too long myths about women in the workplace have reigned supreme; and they go something like this. Women aren’t ambitious and they don’t want the top job. Furthermore, women don’t help other women, and they (all women?!) lack confidence; and just need to negotiate.

It’s quite a damning list to label half of the world’s population with, especially when […]

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    How private equity firms are designed to earn big while risking little of their own

How private equity firms are designed to earn big while risking little of their own

Private equity firms are financial actors that sponsor investment funds that raise billions of dollars each year. The funds typically buy out high-performing companies using high amounts of debt and plan to resell them in a five-year window – promising investors outsized returns in the process. They propose to do this through a combination of operational improvements and financial […]

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    Early British railways in Argentina were not ‘British’ alone

Early British railways in Argentina were not ‘British’ alone

My study adopts a broadly chronological approach, addressing the growth and development of the railway network from inception in the 1850s to maturity (though not maximum extension) around the time of the First World War. The principal chapters focus on the formative period from mid-nineteenth century to the 1870s, the consolidation of a national rail network in subsequent decades and […]

Cotton – Book Review

Cotton. Adam Sneyd. Polity. 2016.

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The cover of Cotton by Adam Sneyd is beautiful in its simplicity: the fluffy white stuff in a sea of blue. Yet, Sneyd’s book successfully conveys how behind cotton’s demure whiteness often lies the vulnerability of those who risk their health and food security to plant and pick this difficult crop in fields […]

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    Will TTIP be shot down or rebranded as the ‘Trump Trade and Investment Partnership’?

Will TTIP be shot down or rebranded as the ‘Trump Trade and Investment Partnership’?

With the Congressional hearings of Donald Trump’s picks underway, including questioning of Robert Lighthizer who was chosen to be US Trade Representative (USTR) in the new administration, it could seem that free trade might survive after all. Who else than a longtime international trade attorney and deputy USTR under Reagan should naturally be inclined towards free trade? Yet Donald […]

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    Office politics: When managers flatter the CEO, but undermine him with journalists

Office politics: When managers flatter the CEO, but undermine him with journalists

Top managers of large companies are often called upon by journalists and other market observers to comment on their CEO’s leadership and strategy. Negative commentary is seen as particularly credible, and can significantly influence the tone of the subsequent press coverage about the CEO. However, should negative commentary from insiders be treated as an objective source of information about […]

The Chinese have transitioned directly to a mobile-only era

China’s middle class group is already the size of the US population and is expected to double within seven years. In addition to its large population size and significant disposable income, this new middle class is also characterised by its quick adoption of mobile applications in their everyday activities.

According to CNNIC (China Internet Network Information Center) data, at the […]