The data being used by managers is becoming increasing messy. Unstructured data lacks the nice organization of traditional data. Of course, the profusion of such unstructured data (text, videos, music) makes analysis complex but also brings considerable opportunities. Big data brings big headaches and big possibilities. We have some advice on improving measurement with big…
Linking Biology To Behavior
Many people buy into the idea that we shouldn’t have the bright line between biology and psychology that we do. That said it is challenging to try linking biology and behavior. Here consumer behavior. Not least because we have few scholars who have enough knowledge of both domains. Hormones To Help Linking Biology To Behavior?…
The Endowment Effect For Renting And Borrowing
Charan Bagga, a former Phd student now a professor at Calgary, June Cotte, an Ivey colleague, and myself, have a recent paper in the Journal of the Academy of Marketing Science on the Endowment effect. Specifically what happens to the endowment effect when you rent or borrow. What then is the endowment effect for renting…
What Is Tobin’s Q Useful For?
I am not a fan of Tobin’s q (as it is currently used). I have a Marketing Science paper on the misuse of Tobin’s q in marketing. As such, I was fascinated to see a SSRN working paper with a very similar title in the field of finance/economics. The authors Robert Bartlett and Frank Partnoy,…
SKUs, Market Share And Distribution
An interesting question in marketing concerns the distribution that any particular SKU (Stock Keeping Unit) will receive. Generally, more distribution is better. Distribution simply allows more people the opportunity to buy your product. As such managers will fight for distribution. What then do we know about the relationship between SKUs, market share and distribution? Distribution…
What Do Business People Think Research Rigor Is?
A common theme in this blog is the problem of the connection between practitioners and research rigor. So what do business people think research rigor is? The Academic/Practitioner Divide It is hard not to notice that what academics do doesn’t seem to impact managers much. Indeed rigorous research often doesn’t seem to have any obvious…
In Defense Of A Really Silly Idea
One the silliest things that academics do is compare the number of ‘A’ publications people have. Who thinks that a career can be summarized by a single number? It is clearly an absurd idea. Even if research publications are all that count (and I think that is obviously nonsense) ‘A’ publications aren’t all the same….
Transformative Innovations, An Important Part of the Puzzle
I value grand intellectual sweeps. if you are a tenured professor it seems wrong not to try and give the world your grand vision. So what can we say about transformative innovations? Transformative Innovations Tellis and Rosenzweig take a grand sweep in examining the role of transformative innovations in world history. The book moves from…
Is Sustainable Competitive Advantage A Useful Goal
I must confess to being a bit dubious about the idea of sustainable competitive advantage. It seems designed to allow people to pontificate with a pronouncement that sounds meaningful. Yet, speaking about sustainable competitive advantage often requires little actual evidence given the underlying idea is a bit vague. Sustainable Competitive Advantage A competitive advantage isn’t…
Misunderstanding Economics
Leiser and Shemesh consider the problem that the public makes a lot of judgments that rely on economic knowledge. Still, it isn’t always clear that the decisions are made with great knowledge of economics. Indeed I would go as far as to say that the authors are disappointed in the rest of us. They show…
