Word: bresnahan
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Dates: during 1990-1999
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Stanford economist Timothy Bresnahan argues that this is more a problem with PCs than with large business computers, where upgrades are handled by professional managers. But changing systems can be a serious problem for medium-size businesses too. Insurance Management Associates, a commercial insurance brokerage firm, has just laid out more than $1 million to install a new computer operating system. In the Denver office alone, says president Robert Cohen, "we had 2,500 hours of training for 70 employees and kept the business running while handling the usual glitches and two-hour breakdowns, as well as the three days...
...prices or productivity--that is, output per hour. Productivity is in fact already sliding, as it usually does at this late stage of a business expansion, the increasing computerization of the economy notwithstanding. Even such computer enthusiasts as board members Erik Brynjolfsson, professor of management at M.I.T., and Timothy Bresnahan, a Stanford University economics professor, do not expect the machines to transform productivity that quickly...
...were so impressed that the secretary of state had come to talk to us, but we were just too excited to understand the importance of his words," says Dana F. Bresnahan...
Jeremiah J. Bresnahan '57, who is listed withthe state as the Pi Eta's clerk, refused tocomment last week on the club's future