In grad school I really appreciated the fact that I had business experience before attending class. I think it added to the depth of my understanding of the things we discussed. And the experience I gained operating my own business inspired a number of great classroom conversations. Thinking about those conversations and what I learned [...]
The US media seems to be slow to reveal the extent of economic troubles the US could expect. Either because the media doesn’t thoroughly understand economics or it is afraid crying wolf could lead to a self-fulfilling prophecy, news outlets have yet to paint the full picture. This past week a number of new revelations [...]
One of the most important things I learned in business school was the importance of price. A 1% improvement in price yields a 7% improvement in profit. Traditional managers are trained to manage costs – modern managers are trained to manage price. The key to managing price is in brand strategy. Consider the price differentiation [...]