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...authors like Rousseau and Shakespeare offer better management lessons than most management consultants today. Why is it more valuable to study philosophy than business? Most management systems have to do with establishing trust and getting people to cooperate. They're not really about expertise or science. Look at Rousseau - all his writing is about how to build a social contract and a foundation for trust, for integrity, for ethics. When I have managerial issues I think more about Jean-Jacques Rousseau and John Locke than I do about [management writer] Michael Porter or someone like that...

Author: /time Magazine | Title: Are Management Consultants Necessary? | 8/24/2009 | See Source »

...have a lot of kind words for the management gurus lining bookshelves at airports. The whole shtick these gurus offer is fundamentally religion, not some kind of expertise. Take [Good to Great] author Jim Collins. His entire language is about how a company can transcend its limitations, and how a company or an individual can be motivated to succeed. My complaint is there are better, more eloquent, more far-seeing humanists. (Read a Q&A with Jim Collins...

Author: /time Magazine | Title: Are Management Consultants Necessary? | 8/24/2009 | See Source »

Knowing that people will be unlikely to volunteer for a service that takes away their phone privileges, Nationwide has partnered with one of the start-ups and is planning to offer a discounted rate for those who use the distraction reducer. The insurer says its discount will most likely cover the cost of Aegis Mobility's DriveAssist, which will be available next year...

Author: /time Magazine | Title: Distracted Driving: Should Talking, Texting Be Banned? | 8/24/2009 | See Source »

...moment are high-frequency trading firms you've never heard of - GETCO, founded a whopping 10 years ago, is the granddaddy - that try to get ahead of millisecond-by-millisecond price movements and take advantage of rebates paid by exchanges to those who create liquidity (that is, offer to buy or sell stock at a certain price and assume the market risk). Not surprisingly, the exchanges cater to these firms - with flash orders and "co-location" arrangements that put traders' computers right next to their own, giving the firms a profitable millisecond-or-so edge in trade execution...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

...Vocational-technical school a mile down Mass. Ave. 2. Where you can enroll in trade school courses (e.g., accounting for civil engineers, organometallic chemistry, etc.) that Harvard doesn’t offer. 3. Where you go if you want to join ROTC, but don’t tell any campus uber-liberals. Do tell The Salient (see The Salient...

Author: By The Crimson Staff, CRIMSON STAFF WRITER | Title: Dictionary of Harvardisms | 8/24/2009 | See Source »

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