Archive: Economic crisis
Unfortunately, business leaders know a lot more about innovating new products and new technologies than they do about innovating services. This was a problem that Paul Horn, IBM's head of research, confronted back in 2004. Although half of IBM's revenues were coming from its services, his 3,000 researchers were all focused on making new products and new technologies. Yet for our service-driven economy to grow and for America to maintain its competitive edge globally, it is critical that business leaders learn how to innovate in a service economy.
By Lillian Cunningham | January 25, 2011; 12:34 PM ET | Comments (0)
To fix the more systemic problems with executive pay, boards need to embrace that their most important job is motivating the type of executive performance that creates real value; and their most powerful lever to do this is a carefully designed pay package. This means they cannot exclusively rely on simple values or ratios. All these do is set the stage for a plethora of case studies.
By Lillian Cunningham | January 21, 2011; 02:35 PM ET | Comments (0)
This is the central problem of today's networked world of interdependent security: the risks faced by your part of the system aren't preventable by you alone, they depend on the actions of others as well. Put another, starker way: we no longer control our own destinies.
By Lillian Cunningham | December 29, 2010; 12:26 PM ET | Comments (3)
Economics predicts that in good times, self-interest is satisfied and thus more charitable, civilized behavior trumps baser instinct. The full creature gives the hungry one a turn at the trough. There's no reason to commit a crime when one's life is sated, right? It's a nice thought, but it doesn't square with recent history.
By Lillian Cunningham | October 11, 2010; 04:07 PM ET | Comments (8)
Perhaps success means never having to apologize coherently. Bankers like Goldman Sachs's Lloyd Blankfein have offered only glib denials of responsibility and the occasional vague and waffling expression of regret for sparking our still-painful financial crisis.
By Andrea Useem | June 29, 2010; 11:17 AM ET | Comments (14)
Taking the risk-taking out of banking is not going to make the financial system any safer. Obama needs to think again on bank regulation.
By Andrea Useem | February 2, 2010; 05:33 AM ET | Comments (6)