Idea posted: August 2016

Institutions: University of California Berkeley Haas School of Business    University of Chicago Booth School of Business   

Logically, the percentage of work that each team member contributes to a team project cannot add up to more than 100%. For example, if both authors of an academic paper…

Idea posted: August 2015

Institutions: NUS Business School    Technische Universität Darmstadt   

Learning from errors is central to human development. Learning in a business context occurs best when there is a mind-set of acceptance of human error, and furthermore the experimental trials…

Idea posted: June 2013

Institutions: IESE Business School   

One way that organizations ensure that they accomplish certain objectives is through management control systems. These systems reward and promote employees according to certain criteria, in order to achieve goal…

Idea posted: January 2013

Institutions: California State University    Center for Creative Leadership (CCL®)    China Europe International Business School (CEIBS)   

We know that companies need to start moving away from traditional strategies for management development, and consider the skills required to improve chances of success. Leading executive education specialists have…

Idea posted: October 2017

Institutions: Carnegie Mellon University    Warwick University Business School   

In pure economic theory, policy making involves applying economic levers — taxes, regulations and economic incentives — to problems that have economic roots. These problems can take the form of:…

Idea posted: November 2017

Institutions: University of Chicago Booth School of Business    UCLA Anderson School of Management   

Why do employees make retirement savings decisions that go against their best interests? A 2004 paper by Nobel Prize-winning economist Richard Thaler of the University of Chicago, co-authored with fellow…

Idea posted: October 2013

Institutions: INSEAD    The Wharton School of the University of Pennsylvania   

Sunk cost bias has been blamed for everything from disastrous military campaigns to over-budget public works and is widely acknowledged as a serious obstacle to effective decision-making. Defined as the…

Idea posted: June 2014

Institutions: Henley Business School   

Leaders drive the process of organizational learning and adaptation by providing time and space, granting the freedom to explore and fail, and by encouraging those around them to look at…

Idea posted: October 2013

Institutions: IMD   

In the quest to achieve global efficiency, often companies find themselves faced with a dilemma: how can they manage the various processes needed to run a global organization, yet keep…