On pricing anomalies and the limits of arbitrage
Textbooks say that even minuscule differences in the price of identical goods in two places should be short-lived. But anomalies do exist, and they often persist for far longer than theories predict, write Denis Gromb and Dimitri Vayanos.
Cost innovation and the dragons
INSEAD Affiliate Professor of Asian Business and International Management Peter Williamson says Chinese companies are tapping niche markets and customising products, but instead of looking at premium pricing they’re choosing to go mass market with ‘everyday low prices on steroids.’
Success: A huge business vulnerability?
Former Microsoft Chief Operating Officer Bob Herbold says success creates nine dangerous traps for companies around the world today. “Once they reach some level of success they tend to lose their sense of urgency,” the INSEAD senior executive in residence says. Many companies “think they have found the secret that will lead to everlasting success. Little do they know that by turning their previously successful practices into legacy practices that they follow continually, they’re putting
The Experience Trap
When companies look for a manager, they should look for experience, right?
Well, maybe not. INSEAD professors Kishore Sengupta and Luk Van Wassenhove say their research has revealed what they call the 'experience trap.' "Conventional wisdom holds that as we do more things more often, we learn from experience and get better and better, and what we found in our research was that actually some of it may not be the case," Sengupta says.
Winning with value
Too many companies focus on just the cost of software systems, rather than look at the business value they generate. That may not be surprising given the complexities of trying to assess the value of software assets, but according to a new study by INSEAD professor Soumitra Dutta, companies who do this are taking the easy way out.
In the study called 'Recognising the True Value of Software Assets', Dutta argues that this key existing asset represents 'enormous hidden value for the firm
New media: The online evolution of newspapers
In September, the New York Times did an about-face of sorts. It ended its paid-for online subscription model, under which it had been charging for access to premium content by columnists and commentators.
Len Apcar, deputy managing editor of the International Herald Tribune and a former editor-in-chief of NYTimes.com, says enabling free and unfettered access to the online paper has "proven to be a very successful advertising model by itself."
Claire Pike remembers: INSEAD’s Secretary-General reflects on her three decades at the school on t
In 1968, Claire Pike began her MBA studies at INSEAD, her first step on the road leading to her present position as Secretary General of the school. After three decades of service, she talks to INSEAD Knowledge Executive Editor Shellie Karabell about her experiences and about developments at the school.
The global business leader
Leadership has nothing to do with titles. J. Frank Brown, the Dean of INSEAD, has met a lot of CEOs in his two-and-a-half decades in business and many of them are nothing more than LINOs - Leaders In Name Only. "A lot of people talk about leadership and not that many actually do it," Brown said in an interview with INSEAD Knowledge. Brown believes there are seven hallmarks of a great leader. "I think the most important one is how you communicate and how you listen because if you’re going to be
Healthcare2020: Women and leadership- the next decade
Technology is presenting an opportunity for women to progress in the healthcare industry, in which they are currently underrepresented. "The digital world is changing healthcare with the new technology system that currently is underleveraged," says Lynn O’Connor Vos, the CEO and president of Grey Healthcare Group.
18.786 Topics in Algebraic Number Theory (MIT)
This course provides an introduction to algebraic number theory. Topics covered include dedekind domains, unique factorization of prime ideals, number fields, splitting of primes, class group, lattice methods, finiteness of the class number, Dirichlet's units theorem, local fields, ramification, discriminants.
Ellsworth Kelly: Paris/New York, 1949–1959
October 3, 2006 - Summer 2011: The paintings in this exhibition illustrate the significant changes in the work of Ellsworth Kelly during a formative period, when the artist experimented with strategies that would prove to be instrumental to his artistic development.
Learn How-Mobile Editing with Google Docs
Try Google Docs for mobile to edit your documents from wherever you are. This video gives only visual instructions with song playing in background. It shows how to use the android and the ipad for this mbile editing feature(Running Time 1:34).
Will There Be QE3, QE4, QE5...? Recently, Ben Bernanke indicated that Quantitative Easing II (QE2) might be followed by QE3, etc. In an interview at the beginning of December, Bernanke was asked, "Do you anticipate a scenario in which you would commit to more than $600 billion?" Bernanke's answer was startling. "Oh, it's certainly possible," he said. "And again, it depends on the efficacy of the program.
Recently, Ben Bernanke indicated that Quantitative Easing II (QE2) might be followed by QE3, etc. In an interview at the beginning of December, Bernanke was asked, "Do you anticipate a scenario in which you would commit to more than $600 billion?"
Bernanke's answer was startling. "Oh, it's certainly possible," he said. "And again, it depends on the efficacy of the program.
Status update: it's complicated
Cultural commentators discuss whether the real-world impact of online sharing might be the most meaningful technology trend as we enter 2011.
Visual Overviews for Cultural Heritage: Interactive Exploration for Scholars in the Humanities, Art
A focus on designing technologies that allow the "visualization of things not visible" has been at the center of Ben Shneiderman’s work over the past two decades. He advocates the discovery of temporal patterns, relationships and clusters via an empowering user experience which enables discovery at a customizable pace and