In late February, UK Prime Minister David Cameron announced that the referendum on the country’s continued membership of the European Union (EU) would be held on 23 June. Over the following weekend, a number of leading Conservative MPs announced their support for the campaign to leave the EU – ‘Brexit’. The pound sterling declined as trading opened on the […]
Despite claiming to be interested in hiring the best people, most managers aren’t actually comfortable with the very best. They don’t feel at ease directing employees who understand the task at hand and what it requires better than they do. They worry that employees who are too gifted will make contributions that outshine theirs. They have no idea what […]
The rise of austerity following the Great Recession of 2008 brought back attention to the state’s capacity to balance its budget. This time, however, the debate did not focus on spending only, but on the ability of the state to generate enough revenue through taxation. This was most prominent in the European periphery, where spending cuts were supposed to […]
When firms experience unwanted drops in capacity utilisation, one of the many challenges they are confronted with is how they should respond in terms of their employees. This happened to firms across a wide range of industries in the wake of the financial crisis in 2008-09, and it is happening to firms in the oil and gas sector – […]
While people of colour have made significant gains in the workplace since US legislation made discrimination and segregation illegal, they continue to be underrepresented at executive levels in corporate America. This trend is particularly pervasive for black women who are fairly well represented at entry and middle-level management but make up only 1.2 percent of executive level officers of […]
Overconfidence is a common error that can lead people to make poor choices because they misforecast future product usage and overestimate their abilities to navigate contract terms. The value of a gym membership depends on how often you think you will go to the gym, and the value of a mobile phone contract depends on how much data you […]
Diagnostic lab testing is a multi-billion dollar business, and is not without shortcomings. Blood tests are costly, available at inconvenient locations and involve painful needles that draw more blood than is warranted. Elizabeth Holmes, the 32-year-old founder of Theranos, aims to make blood testing a consumer-driven experience that is painless and price efficient. Having traveled the country and delivered […]
Lionel Barber, the editor of the FT, summed it up at Davos: “Nobody wants to be in banking, everyone wants to be in fintech”. Fintech – or financial technology – has reached the mainstream, but what does this mean for the banks?
The Fourth Industrial Revolution is taking hold in banking. The rise of fintech came about over the last […]
Each year, PwC’s Annual Global CEO Survey captures the issues at the top of the agenda for the world’s business community.
This year’s 19th Survey, presented to the World Economic Forum in Davos, certainly captured the mood of the uncertainties facing business: about half (49 percent) of the CEOs who responded to this year’s Survey believe that global economic growth […]
It is a leitmotiv that public services must be efficient: they are expected to be ‘market oriented’, ‘entrepreneurial’, and ‘financially sustainable’. Universities are not an exception in this respect, since they are asked to perform, to be accountable to several stakeholders, and to stand out in international rankings and in national evaluation exercises to top up one’s credibility and […]
The concept of open innovation is one that is growing in acceptance, with a recent report revealing that nearly 80 percent of companies are regularly engaged with external partners in their innovation work. Despite this apparent willingness and high levels of R&D spending, a recent paper reveals that academics are seemingly missing out on the action, as they spend less […]
If you’ve ever quit a job, you probably remember that awkward conversation when you told your manager you were leaving. How did your manager respond? And how did that response make you feel about the organisation you were leaving?
With our co-authors (Belinda Rae and Shruti R Sardeshmukh) we interviewed employees who had voluntarily left a fulltime job. We examined […]
It seems that we’re hearing only one message from politicians about UK productivity – George Osborne says Britain has to “raise its game” while Jeremy Corbyn looks to “cultivating a robust, productive economy”.
The OECD are not impressed, but we believe that there is another, faster way to address the problem, a way that harnesses the data that most companies […]