In this video Baba Shiv focuses on why we make the choices we make. In this video, he got personal when talking about the paradox of choice. When making decisons, would you be better off in the ‘driver’s seat’ or the ‘passenger’s seat’?
Tag Archives: decision making
Big Data
What is Big Data? A meme and a marketing term, for sure, but also shorthand for advancing trends in technology that open the door to a new approach to understanding the world and making decisions.Steve Lohr in "New York Times" article "The Age of Big Data"
If managers don’t understand mathematics, the abundance of data can make it harder for them to make decisions. What are you doing to increase your analytical skills?
Showrooming
Target is asking suppliers for help in thwarting "showrooming"—that is, when shoppers come into a store to see a product in person, only to buy it from a rival online, frequently at a lower price.Ann Zimmerman, "Showdown over Showooming," The Wall Street Journal, January 23, 2012
Do you showroom? What can brick and mortar stores do to keep comparison shoppers?
Algorithms
Computers and math are important to managers. They use them to help make decisions. In this TED video, Kevin Slavin explains, “Algorithms are the math that computers use to decide stuff.”
Gemmy’s Book
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