Remove Development Remove Management Remove Merton
article thumbnail

Make Serendipity Work for You

Harvard Business Review

Merton and Elinor Barber.). If serendipity is a capability, then how is it developed, protected and sustained? Adrian Moorhouse is an Olympic Gold Medalist and Managing Director of Lane4, a global performance development consultancy. The princes did far more than make chance observations. Watson and Crick did.

Merton 15
article thumbnail

What an Economist Brings to a Business Strategy

Harvard Business Review

Consider first the increasing use of auctions, which have a distinguished history in the development of economics. Only the one I assert in my book Trillion Dollar Economists , that business managers may want to pay a bit more attention to the scribbling of academic economists. Here a few notable examples.

article thumbnail

CEOs Don’t Care Enough About Capital Allocation

Harvard Business Review

It’s been more than 50 years since Nobel prizewinners Franco Modigliani and Merton Miller identified return on investments as a major component of value creation (and value destruction). Financial analysis Financial management' This failure to even mention return on capital seems perverse.

CEO 8