Strategy Driven

MARCH 18, 2011

Each issue is packed with thought-provoking content and insight into the business issues that affect all companies competing in today’s technology-driven marketplace with recent contributions by best-selling author and researcher Tom Davenport; social media guru Chris Brogan; and Myron Scholes, world renowned economist and Nobel Prize winner.

Tools 56

Tools Black-Scholes Rogers Magazine 56

Harvard Business Review

JUNE 3, 2011

Black-Scholes Valuation based on stock price at issue. Black-Scholes Valuation based on stock price at issue. So after a precipitous drop, Tom has led his company back to within 6% of the 2007 starting point. Most public company CEOs could tell a similar tale. Tom's Compensation. Option Model. Stock Price. Number of DSUs.

Black-Scholes 16

Black-Scholes CEO Price Bottom-up 16

Harvard Business Review

JUNE 9, 2011

He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. Two years earlier, in the mid-nineties, an MIT professor had joined the Harvard Business School faculty and one year later won the Nobel Prize in economics. You see the problem.

Merton 18

Merton Black-Scholes Welch Organizational Behavior 18

Harvard Business Review

SEPTEMBER 17, 2012

Any fool, or mortgage banker, can use a spreadsheet and calculate a Black-Scholes equation. From the day their firm, O'Connor & Associates , opened its doors in 1977, derivatives were treated as if they were radioactive — you weren't allowed near them without a hazmat suite and at least one PhD in mathematics.

Black-Scholes 17

Black-Scholes Software Tools Information 17

Harvard Business Review

SEPTEMBER 29, 2014

Even more directly, the growth in financial options can be traced largely to the ease of valuing them, which is due to the Nobel-prize winning work of Fischer Black (the MIT economist and later Goldman Sachs partner who died before he certainly would have shared in the award), Myron Scholes (formerly of Stanford) and MIT’s Robert Merton.

Strategy 15

Strategy Black-Scholes Airlines Price 15

Harvard Business Review

JANUARY 15, 2014

Though there are multiple types of prediction, the gold standard is the prediction of precise outcomes.

Black-Scholes 8

Black-Scholes Productivity Products CAPM 8

Harvard Business Review

DECEMBER 22, 2016

In the case of stock options, the EFV formula is typically a Black-Scholes-Merton option-pricing model that, rooted in the “efficient markets hypothesis,” assumes that changes in a company’s stock-price exhibit a log-normal distribution and thus predicts that most stock-price changes will be very small.

CEO 8

CEO Black-Scholes Price Merton 8