Retail Lessons from Toys R US – Competing in the Digital and Amazon World! Toys R Us and the related Babies R US announced that they are filing for bankruptcy. How Toys R Us got to this point and how they hope to get out are great lessons for retailers competing in the digital and Amazon World. ... Continue reading Retail Lessons from Toys R US – Competing in the Digital and Amazon World!
Product Branding Challenges in Winner Take All Business: Products As Services At the turn of the past century, the dominant retailer was Sears Roebuck and Company of Chicago, Illinois. Their famous catalog advertised virtually everything an American family would need. Sears also owned many ... Continue reading Product Branding Challenges in Winner Take All Business: Products As Services
The economists and central bankers of the US Federal Reserve have a perplexing challenge. The US economy has picked up in terms of GDP growth, but inflation is below the Goldilocks target of 2%. How could economic models be wrong? What, if anything, has changed? It has spurred a serious discussion ... Continue reading The Case for Low Interest Rates, Lower Taxes, and More Babies – Deflation!
Iceland: Economic and Business Lessons - Fire and Ice This summer, I had the pleasure of visiting Iceland with my family. It is an amazing country in so many ways. In addition to its unmatched natural beauty of mountains, glaciers, seashores, and active volcanoes, visiting offers some great lesson... Continue reading Iceland: Economic and Business Lessons – Fire and Ice
Fall will soon be here in Evanston, Illinois; the first of the maples are turning orange and the summer is quickly cooling. In the coming weeks, we will welcome our new students to campus at Northwestern University. It is always an exciting time of the year. It is exciting to be part of the new ... Continue reading Advice for Those Going to College: How to Get More from Your Investment and Experience
Amazon announced that it is acquiring Whole Foods for approximately $13.7 billion. Investors in both companies reacted positively, suggesting synergies are expected. Looks look at how this acquisition should create value. Amazon Will Reduce Operating Expenses at Whole Foods. The masterful use of ... Continue reading 5 Thoughts on Why Amazon & Whole Foods Move Makes Big Cents
Everywhere you look there is mention of “Big Data.” But what business people care most about is turning big data into big profits. This is the focus of Russell Walker’s book From Big Data to Big Profits: Success with Data and Analytics. Walker examines the evolving nature of big data and how ...Continue reading Harvard Business Review Webinar: From Big Data to Big Profits
Risk Predictions for the New Year and Interesting Business Cases in 2016 With 2016 just about a week old, I would like to share some risk issues that are interesting to consider in 2016. Federal Reserve Interest Rate Increase Although delayed many times, the Federal Reserve did finally increase the ...Continue reading Risk Predictions for the New Year and Interesting Business Cases in 2016
Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups It is amazing how quickly the world of health sensors and wearables has developed. In just a few years, we have seen the wearable market explode with Fitbit, Jawbone, and Apple commanding healthy shares of the overall ...Continue reading Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups
Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization This year, Florida has experienced its 10th consecutive year without a hurricane. It is the longest period without a hurricane strike in modern times and one more remarkable considering that Florida’s more then 1200 miles...Continue reading Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization
Understanding China’s One-Child Policy Shift: Big Demographic and Economic Changes Ahead Today, China announced that it is abandoning its 35-year policy of limiting families to only one child. This policy has become a demographic experiment unmatched in the history of the world. Owing to this ...Continue reading Understanding China’s One-Child Policy Shift: Big Demographic and Economic Changes Ahead
Risk Management Leadership Lesson: The Value of Trust in Operations In business and life, we grow to expect certain things. Namely, our society expects companies to produce products that are safe and reliable. We go to Yelp and rail against restaurants that do not meet our expectation for service. ...Continue reading Risk Management Leadership Lesson: The Value of Trust in Operations