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Economic Forum

Davos 2020 Please go to this website: https://www.weforum.org/events/world-economic-forum-annual-meeting-2020. Two years ago, the meeting in Davos focused heavily on harnessing technological innovation. Last year, this theme was overshadowed by fears of rising geopolitical risk. This year, (the emphasis was strikingly different. The official theme of the event was Stakeholders for a Read more…

Economic Forum

Davos 2020 Please go to this website: https://www.weforum.org/events/world-economic-forum-annual-meeting-2020. Two years ago, the meeting in Davos focused heavily on harnessing technological innovation. Last year, this theme was overshadowed by fears of rising geopolitical risk. This year, (the emphasis was strikingly different. The official theme of the event was Stakeholders for a Read more…

Globalization

Please answer the following questions below in 6-10 sentences with page number and line of where information was retrieved. (ex: pg 65 line 2 or paragraph 1) Please let me know if you can’t retrieve access to the book.The information will be in Chapter 1-5, link below: https://books.google.com/books?hl=en&lr=&id=p7gwDwAAQBAJ&oi=fnd&pg=PR9&dq=related:Gn1UFFVAUrNImM:scholar.google.com/&ots=fzs8FFMR5L&sig=pZcZx_v6EFx6MrFiwv6_pwl29Uc#v=onepage&q&f=false 1. What Read more…

431

Inside Job,  http://watchdocumentaries.com/inside-job/ a documentary made by Charles Ferguson, describes the policy environment and banking practices that helped create the financial crisis of 2008. (The film won the Academy Award for best documentary feature in 2010.) write an essay providing your reaction to the film. Please address the following: a. Read more…

Innovation

maintained hypothesis is one which is generally assumed to be true in the absence of contradictory evidence.  Argue that process innovations generally offer better returns on investment than do product innovations, rather than vice-versa, should be the maintained hypothesis based on (a) the principle of quadrupling down, (b) causal ambiguity, Read more…

Innovation

Prof. Melissa Schilling, in her soon-to-be-bestselling work Quirky, and the short web clip we saw in class (https://vimeo.com/256647148/1f623b261b), note the importance of individual (and solitary) contributions to innovation.  Discuss, using examples from class (e.g., our team-size experiment, Edisons process for finding the proper filament material, the challenges in marketing a Read more…

Innovations

A maintained hypothesis is one which is generally assumed to be true in the absence of contradictory evidence.  Argue that process innovations generally offer better returns on investment than do product innovations, rather than vice-versa, should be the maintained hypothesis based on (a) the principle of quadrupling down, (b) causal Read more…

CASE STUDY: USE OF GAME THEORY TO MAXIMIZE PROFITS

The following article describes the unique boarding process used by Southwest Airlines. https://mindyourdecisions.com/blog/2013/03/05/southwest-airlines-boarding-and-game-theory/ Use this article and three (3) others to answer the following questions in 5-7 pages. Describe the change in Southwest Airlines’ boarding process.What was Southwest’s main goal introducing the early-bird check-in?Explain how Southwest Airlines used the game Read more…

The Law of Diminishing Marginal Utility

Describe the relationship between total utility and marginal utility.Explain if marginal utility can be negative.Examine the diamond-water paradox. Why are diamonds more expensive than water?Evaluate the law of diminishing marginal utility.Identify some items, explaining your reasoning, that do not follow the law of diminishing marginal utility.Evaluate how the law of Read more…

Creative Destruction

Creative Destruction Students in their own words need to write an essay that meets the following criteria:1. A complete definition of Creative Destruction as it pertains to Economic Theory 2. A detailed analysis of an example of Creative Destruction in the Historical Marketplace, for example, the death of the CD. Read more…