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:
Content: Article, Multimedia Content | Authors: João Medeiros, Mariana Mazzucato | Source: Wired | Subjects: Capitalism, Economics
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.
Content: Quotation | Author: Laszlo Bock | Source: Wired | Subject: Human Resources
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.
Content: Article | Author: Laszlo Bock | Source: Wired | Subject: Human Resources
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 ]
Content: Article | Author: Robert Capps | Source: Wired | Subject: Operations
US Warranty Costs
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.
Content: Quotation | Author: Jeff Bezos | Source: Wired | Subject: Business Rules
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 ]
Content: Quotation | Author: Jeff Bezos | Source: Wired | Subject: Customer Related
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 ]
Content: Article | Author: Chris Anderson | Source: Wired | Subject: Economics
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]
Content: Article | Author: Daniel Pink | Source: Wired | Subject: Innovation
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.
Content: Article | Author: Chris Anderson | Source: Wired | Subjects: Miscellaneous, Trends / Analysis
Andy Grove
Content: Thought Leader | Source: Wired | Subject: Management | Industry: Semiconductor
e-Library Services Market
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.
Content: Article | Author: Katie Dean | Source: Wired | Subject: Women in Business
Encyclopedia of the New Economy
Quick reference of various New Economy terms brought to you by Wired Magazine and Andersen Consulting
Content: Online Resource | Sources: Andersen Consulting, Wired | Subject: Reference / Search