Category Archives: Economics

Eric Schmidt on Google in 2010 and the Economy

Posted on December 3, 2009 by John Hunter

CEO Eric Schmidt Reveals ‘Centerpiece’ Of Google’s 2010 Strategy, speaking at the White House jobs summit. Google is definitely hiring. “We’re hiring a couple thousand people over the next year,” he said. And looking at the White House summit he … Continue reading →

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How ‘Buy American’ Can Hurt U.S. Firms

Posted on September 16, 2009 by John Hunter

How ‘Buy American’ Can Hurt U.S. Firms Canadian communities angered by perceived American chauvinism have started a Buy Canadian campaign to exclude U.S. bidders from municipal contracts. “If that sticks, well, there goes 25% of my business,” said Mr. Pokorsky. … Continue reading →

Posted in Competition, Economics, Lean thinking, Systems thinking | Tagged , , , , | 2 Comments

Loan Default Rates Continue to Increase

Posted on September 9, 2009 by John Hunter

Chart showing loan default rates for real estate, consumer and agricultural loans for 1998 to 2009 by the Curious Cat Investing Economics Blog, Creative Commons Attribution, data from the Federal Reserve. Default rates on commercial (up another 151 basis points) … Continue reading →

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Dr. Deming Webcast on the 5 Deadly Diseases

Posted on August 26, 2009 by John Hunter

The W. Edwards Deming Institute has posted Dr. Deming’s 1984 video on the 5 deadly diseases of western management. Lack of constancy of purpose Emphasis on short term profits – “creative” accounting, focus on quarterly profits Annual Performance Appraisals – … Continue reading →

Posted in Deming, Economics, Lean thinking, Management, Performance Appraisal, Popular, quote, webcast | Tagged , , , , , , , , | 7 Comments

Blame the Road – Not the Person

Posted on August 19, 2009 by John Hunter

The system is responsible for 90, 92, 94, 97% of problems – W. Edwards Deming. Fix the system, don’t blame the people. When you seek system fixes you approach situations differently than if you search for people to blame. By … Continue reading →

Posted in Creativity, Data, Deming, Economics, Health care, Management, Systems thinking | Tagged , , , , , , | 5 Comments

CEO’s Castles and Company Performance

Posted on August 8, 2009 by John Hunter

Where are the Shareholders’ Mansions? CEOs’ Home Purchases, Stock Sales, and Subsequent Company Performance by Crocker H. Liu, Arizona State University and David Yermack, New York University – Stern School of Business We study real estate purchases by major company … Continue reading →

Posted in Data, Economics | Tagged , , , , | 3 Comments

When Performance-related Pay Backfires

Posted on August 3, 2009 by John Hunter

When Economic Incentives Backfire by Samuel Bowles, Sante Fe Institute Dozens of recent experiments show that rewarding self-interest with Economic incentives can backfire when they undermine what Adam Smith called “the moral sentiments.” Punished by Rewards, by Alfie Kohn, is … Continue reading →

Posted in Competition, Data, Deming, Economics, Management, Performance Appraisal, Psychology, quote, Statistics, Systems thinking | Tagged , , , , , , | 4 Comments

Narcissistic Cadre of Senior Executives

Posted on July 22, 2009 by John Hunter

In yet another voice against the looting mentality of the current crop of executives Chris Bones, dean of Henley Business School writes a A crisis of confidence? This has resulted in the creation of a narcissistic cadre of senior executives … Continue reading →

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Computer Network Operations Center Failures

Posted on July 3, 2009 by John Hunter

Obviously many businesses are now dependent on computer Network Operations Centers (NOC). Some of these data centers can cause millions of dollars in lost sales each minute if they fail. So sound engineering, including off-site redundancy is critical. Authorize.net is … Continue reading →

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Community Medical Care Successes

Posted on June 18, 2009 by John Hunter

The Cost Conundrum by Atul Gawande, New Yorker (The Power of a Checklist was published there in 2007 by the same author) For example, Rochester, Minnesota, where the Mayo Clinic dominates the scene, has fantastically high levels of technological capability … Continue reading →

Posted in Customer focus, Deming, Economics, Health care, Systems thinking | Tagged , , , | 1 Comment