How can we go about avoiding decision traps? Decision Traps The book Decisions Traps is a generation old now. Still, it remains a useful book on decision making. Occasionally it veers a bit too far with its claims. For instance, it has “brilliant decision making” in the title. Yet, I can forgive that as it may…
Constructing Academic Research Questions
How academics come up with research questions is an interesting and important topic (at least to academics). Sandberg and Alvesson study the creation of Academic Research Questions. They look at how academics in organizational studies describe the way they came up with research questions . The journals reviewed were major journals: Administrative Science Quarterly, Journal of Management…
More On Accounting’s Failure To Deal With Intangibles
Accounting’s failure to deal with intangibles is a major problem in business. Marketers, and others, need to engage with financial accountants to find a better way. Problems in accounting statements Feng Gu and Baruch Lev give more details on the problems with financial accounting in their recent piece for the Financial Analysts Journal. They argue…
Whose Problem Is It When Accounting Is Challenging?
New business possibilities create conundrums for traditional systems. How will traditional methods cope? Whose problem is it when accounting is challenging? Accounting for the Marijuana Business Canada is in the process of legalizing marijuana (written in 2018). This has a whole host of interesting public policy implications. Still, I’m going to use this big change…
Measuring A Technological Revolution
Some have begun to make the argument that there is a technological revolution. A move towards intangible assets. How does one go about measuring a technological revolution? A Problem With Accounting Corrado and Hulten highlight a major problem in the way accounts are created. This applies to both corporate and national accounts. A basic idea…
Understanding Intuition
How can we go about understanding intuition and does it matter? Thinking Fast and Slow Daniel Kahneman’s book, Thinking Fast and Slow, has undoubtedly had a significant impact on managerial thinking. In a recent piece for the ACCA (Association of Chartered Certified Accountants) Tony Grundy, an academic and consultant, discusses the perils of cognitive bias….
Do You Trust Business?
Movie villains are often business people. So do you trust business? Evil Business People The remake of the Magnificent Seven was understandably keen to change the villain from the, let’s just say dated, villain portrayal in the original. The writer went for an evil businessman. Audiences seemed fine with it. They find it plausible that…
Banishing Bias in Audit
Humans beings behave in ways that do not show great decision-making. Auditors are human beings. They will have bias too. How can auditors improve their behavior? How can we go about banishing bias in audit? Bias in Audit People’s decisions do not always correspond to the decisions of an optimizing robot. The same is true…
Academics As Thinkers, Managers As Doers
In an interesting interview Gary Bridge, Managing Director of Snow Creek Advisors, shared his thoughts on the managerial/academic divide. He is pretty critical about academia but I think he is largely right. What does he have to say about academics as thinkers, managers as doers? Thinkers, Doers & Academic Gamesmanship Bridge starts with the comforting thought…
Not Real Is Not The Same As Hard To Measure
Haskel and Westlake’s new book, Capitalism without Capital, is on my reading list for the new year. For now I’ll just concentrate on comments made in The Economists’ review of the book. The key point I want to make is that not real is not the same as hard to measure Intangible Assets Are On…
