This economist has a plan to fix capitalism. It’s time we all listened

Mariana Mazzucato has demonstrated that the real driver of innovation isn’t lone geniuses but state investment. Now she’s working with the UK government, EU and UN to apply her moonshot approach to the world’s biggest challenges.

Editor’s Note: Mazzucato also has a couple of interesting TED talks, including this one:

Laszlo Bock

Most interviews are a waste of time because 99.4 percent of the time is spent trying to confirm whatever impression the interviewer formed in the first ten seconds. “Tell me about yourself.” “What is your greatest weakness?” “What is your greatest strength?” Worthless. Equally worthless are the case interviews and brainteasers used by many firms.

Here’s Google’s Secret to Hiring the Best People

Most interviews are a waste of time because 99.4 percent of the time is spent trying to confirm whatever impression the interviewer formed in the first ten seconds.

Why Things Fail: From Tires to Helicopter Blades, Everything Breaks Eventually

Product failure is deceptively difficult to understand. It depends not just on how customers use a product but on the intrinsic properties of each part—what it’s made of and how those materials respond to wildly varying conditions. Estimating a product’s lifespan is an art that even the most sophisticated manufacturers still struggle with. And it’s getting harder. In our Moore’s law-driven age, we expect devices … [ Read more ]

Jeff Bezos

There are two ways to build a successful company. One is to work very, very hard to convince customers to pay high margins. The other is to work very, very hard to be able to afford to offer customers low margins. They both work.

Jeff Bezos

Our version of a perfect customer experience is one in which our customer doesn’t want to talk to us. Every time a customer contacts us, we see it as a defect. I’ve been saying for many, many years, people should talk to their friends, not their merchants. And so we use all of our customer service information to find the root cause of any customer … [ Read more ]

Free! Why $0.00 Is the Future of Business

Until recently, practically everything “free” was really just the result of what economists would call a cross-subsidy: You’d get one thing free if you bought another, or you’d get a product free only if you paid for a service.

Over the past decade, however, a different sort of free has emerged. The new model is based not on cross-subsidies – the shifting of costs from one … [ Read more ]

What Kind of Genius Are You?

A new theory suggests that creativity comes in two distinct types – quick and dramatic, or careful and quiet. [Hat Tip to Bruce Lynn]

The Long Tail

Forget squeezing millions from a few megahits at the top of the charts. The future of entertainment is in the millions of niche markets at the shallow end of the bitstream.

Andy Grove

Study: Women Good for Your Biz

This article discusses the research by U of Michigan professor Theresa Welbourne, which found that for rapidly growing IPO companies, the initial stock price, stock price growth, and growth in earnings over three years were higher with women executives. The article also provides links to related women in business links.

Encyclopedia of the New Economy

Quick reference of various New Economy terms brought to you by Wired Magazine and Andersen Consulting