It requires managers to abandon the command-and-control model that has dominated American business for the better part of a century, trust their people, and do a much better job of sharing corporate wealth.
Read complete article at Businessweek
Friday, April 28, 2006
Friday, February 17, 2006
Where is the money?
Going Private
Hotshot managers are fleeing public companies for the money, freedom, and glamour of private equity
Business school students, meanwhile, are angling to get on the partner track. At the University of Chicago, says Julie Morton, associate dean of MBA career services, résumé writing courses for private-equity candidates are oversubscribed. Stanford University is seeing more interest. More 2005 Stanford MBA grads went into private equity than any other area except consulting and consumer products and services.
These students, not yet wary of the public life, are chasing the huge dollars in private equity. The median annual compensation for a 2005 Harvard Business School grad who went to work for a private-equity firm was $174,500, compared with $135,000 for the rest of the class. Last year's Stanford grads did better, with median total compensation of $232,000, compared with $140,000 for the class. Some private-equity funds pay as much as $300,000 to fresh MBAs.
http://www.businessweek.com/magazine/content/06_09/b3973001.htm
Hotshot managers are fleeing public companies for the money, freedom, and glamour of private equity
Business school students, meanwhile, are angling to get on the partner track. At the University of Chicago, says Julie Morton, associate dean of MBA career services, résumé writing courses for private-equity candidates are oversubscribed. Stanford University is seeing more interest. More 2005 Stanford MBA grads went into private equity than any other area except consulting and consumer products and services.
These students, not yet wary of the public life, are chasing the huge dollars in private equity. The median annual compensation for a 2005 Harvard Business School grad who went to work for a private-equity firm was $174,500, compared with $135,000 for the rest of the class. Last year's Stanford grads did better, with median total compensation of $232,000, compared with $140,000 for the class. Some private-equity funds pay as much as $300,000 to fresh MBAs.
http://www.businessweek.com/magazine/content/06_09/b3973001.htm
Wednesday, January 04, 2006
How do Doctors practice?
Doctors have traditionally plied their trade.
The research is out there—thousands of studies are conducted on medical practices and products every year. Unfortunately, physicians don’t use much of it. Recent studies show that only about 15% of their decisions are evidence based. For the most part, here’s what doctors rely on instead: obsolete knowledge gained in school, long-standing but never proven traditions, patterns gleaned from experience, the methods they believe in and are most skilled in applying, and information from hordes of vendors with products and services to sell.
The research is out there—thousands of studies are conducted on medical practices and products every year. Unfortunately, physicians don’t use much of it. Recent studies show that only about 15% of their decisions are evidence based. For the most part, here’s what doctors rely on instead: obsolete knowledge gained in school, long-standing but never proven traditions, patterns gleaned from experience, the methods they believe in and are most skilled in applying, and information from hordes of vendors with products and services to sell.
ACM Queue - Stop Whining About Outsourcing! - The facts about IT job growth show no reason to complain.
ACM Queue - Stop Whining About Outsourcing! - The facts about IT job growth show no reason to complain.:
"It concluded that most credible studies suggest that over the next decade, for example, about 2 to 3 percent of U.S. IT jobs will migrate each year. That is a reduction of about 20 percent over a decade—still leaving many IT jobs, but perhaps not a rosy picture."
"It concluded that most credible studies suggest that over the next decade, for example, about 2 to 3 percent of U.S. IT jobs will migrate each year. That is a reduction of about 20 percent over a decade—still leaving many IT jobs, but perhaps not a rosy picture."
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