Thursday, February 28, 2019

Finance and Economy: Why Tech Companies Hire So Many Economists


FINANCE NEWSLETTER Harvard Business Review

February 28, 2019

Why Tech Companies Hire So Many Economists

By Susan Athey, Michael Luca


The Backlash to Larry Fink's Letter Shows How Far Business Has to Go on Social Responsibility by Mark R. Kramer

What his critics are missing.


Why It's So Hard to Predict the Size of New Markets by Eddie Yoon, Linda Deeken

And how to do it better.


How Big a Problem Is It That a Few Shareholders Own Stock in So Many Competing Companies? by Jacob Greenspon

The case against horizontal shareholdings.


Research: When Gender Diversity Makes Firms More Productive by Stephen Turban, Dan Wu, Letian (LT) Zhang

Based on a study of more than 1,000 companies in 35 countries.


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The Latest Research: Women and Gender

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The Management Tip of the Day


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

February 28, 2019

When You Make a Mistake, Be Quick to Admit It


Admitting that you’ve made a mistake can be a hit to your ego. But arguing with or blaming others (or trying to dodge by saying something vague like “Mistakes were made…”) will only make things worse. It’s much better to take responsibility for the situation so that you can clear the air and move on. Swallow your pride and simply say “I was wrong,” offering a brief explanation without making excuses. If your error had a negative effect on others, acknowledge it. Really listen to their reactions — don’t get defensive or interrupt. Then explain what you’re doing to remedy the mistake, including its substantive impacts (money, time, processes) and relational impacts (feelings, reputation, trust). Be open to feedback about what you’re doing. And tell those affected by your error what you've learned about yourself (“I realize I sometimes ignore people I don’t see eye-to-eye with”) and what you’re going to do differently in the future.

Adapted from "What to Do When You Realize You've Made a Mistake," by Deborah Grayson Riegel




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Scott Berinato

A good visualization can communicate the nature and potential impact of ideas more powerfully than any other form of communication. The Harvard Business Review Good Charts Collection brings together two popular books to help you become more sophisticated in understanding and using dataviz to communicate your ideas and advance your career.

In Good Charts, Harvard Business Review editor Scott Berinato provides an essential guide to how visualization works and how to use this new language to impress and persuade. In Good Charts Workbook, he puts theory into practice and leads readers step-by-step through several examples, providing space to practice the Good Charts talk-sketch-prototype process for improving those charts.

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Artificial Intelligence Set: What You Need to Know About AI

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The Artificial Intelligence (AI) revolution is underway. Leading economists and business experts predict that AI will completely transform how we live and work. Explore how to incorporate AI into your business strategy, reimagine work processes, and leverage AI to be a market leader.

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