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The Wisdom - or Folly - of Following the Market Crowd |
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| Xavier Vives |
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Is there inherent wisdom in the way stock prices rise or fall, in one stock's popularity over another? If enough traders seem to be making a certain decision, is it wise to follow suit? How smart is the market, anyway? These are all questions faced by investors and economists alike, all of whom stand to benefit from understanding how, exactly, the market works. Does the market skillfully gather information and reflect the wisdom of the crowd? Or does irrational behavior mar the possibility of learning anything from the market? In Information and Learning in Markets: The Impact of Market Microstructure, Xavier Vives analyzes how information works in a marketplace - and whether markets do indeed aggregate information effectively.  |
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Service and Operations Management |
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Success of Alliance Depends on Point of View |
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| Joan Jané, Alejandro Lago, Beuhla D`Souza |
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| There are two sides to every story, and in logistics alliances, as in any marriage, there is often a clash of perceptions. Both parties may view the alliance as successful but for different reasons, as each party tends to evaluate performance mainly from one's own point of view. The poor level of understanding among parties can be quite disturbing, given the long-term nature of these relationships. The paper "The Effectiveness of Logistics Alliances" looks beyond the idealistic notion of a long-term logistics partnership as a one-headed harmonious relationship. |
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Generation Y: Attracting and Managing the Millennials |
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| Pilar García-Lombardía, Guido Stein, José Ramón Pin |
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| "You'll have an important job title with a lot of responsibility. You'll be paid well, but of course that may mean putting in long hours. We offer an excellent career track, with stock options and a good pension plan for when you retire..." If you've ever used words like these to recruit a member of Generation Y, you've chosen the wrong strategy. What young Gen Y-ers want most is job flexibility and work/life balance. In "Políticas para dirigir a los nuevos profesionales. Motivaciones y valores de la Generación Y" ("Policies for Managing the New Professionals: Motivations and Values of Generation Y"), researcher Pilar García Lombardía and IESE professors Guido Stein and José Ramón Pin suggest ways of attracting these employees and, most importantly, how to integrate them with staff whose ages span more than 40 years. |
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Leadership, Strategy and Change |
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Being a Good Public Speaker Takes Practice |
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| Brian O'C. Leggett, Ricardo Velilla |
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| "A man of extraordinary strength and intelligence may never be more than a failure in society if he doesn't know how to speak in public," noted the writer William Channing in the 19th century. Two centuries later, knowing how to speak in public is a skill increasingly valued in the workplace. The ability to change public perception through a persuasive presentation is considered one of the keys to success in any job. Still, when faced with having to speak in public, many managers panic. You may not be a born public speaker, but as IESE's Brian O'Connor Leggett and Ricardo Velilla assure us in their new book, public speaking is, in fact, something one can learn, and they suggest some tips for successful presentations. |
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