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point estimates Tagged Articles
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Sports and Raising/Lowering Your Game
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| nteresting NBER paper looking at peer effects in the workplace. While fruit pickers, grocery scanners, etc., become more or less productive in correlation with their coworkers skill level, professional golfers play roughly according to their abilities irregardless of their playing partners' skill levels. |
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Other point estimates Related Articles
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Meetings
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| I had breakfast today with a senior executive who estimates she spends more than 30% of her time in internal meetings. |
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Elephant Math
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| Darwin pointed out that if you take one pair of breeding elephants and make some conservative estimates about their fertility, you would have more than 15 million elephants in less than 500 years (if none of them died an early death.) |
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3.8 Working to end child labour: Working Out of Poverty
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| Ensuring that children have a chance to break out of the cycle of
poverty is a cause that has attracted worldwide support. The latest ILO estimates
for 2000 are that some 352 million children between the ages of 5 and
17 were economically active. |
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The "2Bs": Buffett. Basics.
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| The subprime mess gets nastier by the day. I've seen recent estimates of the fiscal damage alone exceeding $1 trillion. (Not enough pain to reduce Wall Street bonuses, mind you—a record $39 billion in performance-based handouts expected.) |
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Lesson #4: A Great Businessman is Only as Great as His Vision
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| What is the difference between an average point guard and a great point guard? According to Johnson, it all lies in the vision. Great point guards see the court differently than everyone else. They envision where they need to go and how they are going to get there before they even touch the ball. Johnson, unarguably one of basketball’s greatest point guards ever, used that very same vision in crossing over to the business world. |
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Reducing the Employee Theft Epidemic
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| The FBI calls employee theft “the fastest growing crime in America!” and the U.S. Chamber of Commerce estimates that 75% of employees steal from the workplace. But it possible to reduce the incidence of employee theft by following some simple tips. |
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Deflation and the Dollar, Round 2?
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| The oil inventory numbers came out yesterday and there was an increase of roughly 5 million barrels, 1 million more than the American Petroleum Institute’s (API) estimates. Consequently, the price plunged nearly 6% in its largest drop in nearly 3 months. But is this the whole story? |
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Padding Estimates
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| We all know there is a game of padding estimates in most parts of our society. It certainly exists in business. Here are a few helpful thoughts on how you can get more accurate numbers. |
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By the Hour or Not by the Hour, THAT is the Question
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| Some more debate on which is better for your budget: results or the price you were quoted. Paraphrasing good ole Ben Franklin: "The sourness of pour quality and workmanship will out last the sweetness of a cheap price paid". We delve into the realm of fixed pricing versus hourly estimates for those pesky custom software solutions. |
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5 Contractor Selling Techniques to use with Research-Savvy Customers
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| There are many kinds of customers, but the most classic might be the “we’re just shopping" type of customer. When this customer presents him or herself to you, they like to make sure that you know they are “just starting the process” of getting estimates. |
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