Word: erike
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Dates: during 1990-1999
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...Erik Gustafson, manager of the Steinroe Young Investor Fund, says the toy retailer and other category killers such as Circuit City and CompUSA have become victims of their own success, encouraging shoppers to expect everything to be on sale all the time. "The category killers are going to have to live with lower profit margins going forward," says Gustafson. That is good news for the consumer, but not for shareholders who have watched Toys "R" Us' stock price get cut in half over the past 12 months, to a little more than $16 a share...
...Erik Brynjolfsson, a professor of management at M.I.T. who has done extensive surveys of individual companies on this issue, asked senior executives what they hoped to get out of their investments in computer power. Their four top goals: to improve service to customers, target new customers, improve quality of products or services, and reduce total costs. Only the fourth objective would have much effect on productivity statistics as they are currently measured, which reflects an old-fashioned bias toward things that can be readily counted. Nowadays, simply counting widgets doesn't tell us what's going on. Brynjolfsson likens that...
...faster than companies will be able to raise either 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...
...sure you have all heard the Erik Erikson story a few dozen times. The legendary psychology professor offered a first-year seminar to which over a hundred first-years applied. Erikson rejected every single one, then waited to see which students came to his office to argue the call. He then proceeded to accept into the seminar the five who complained the loudest...
...response to the invasion, Lampoon Ibis Erik J. Kenward '99 said, "Things are kind of shutdown here. We're in mourning because Dan Quisenberry died, and we're hoping that this is a sign that he's out there somewhere...