Tag Archives: game theory

Paradigms and People

Economics gets a bum rap as the dismal science or the undergraduate major of last resort. The truth is that the subject gains relevance only after you’ve had some real world work experience and are in a management role that … Continue reading

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Team Incentives and the Free Rider Problem

Team incentives, where an individual’s compensation is based on the team’s performance, are notoriously difficult to implement. Yet more and more work in companies large and small is being done through formal or informal teams. What do we need to … Continue reading

Posted in Compensation, Incentives, Organization Design, Strategy | Tagged , , , , | 9 Comments

“Human resources professionals need to be more strategic”

This is invariably the take-away from most HR conferences where senior HR leaders describe how they transformed HR and got their proverbial seat at the table. How do HR professionals become more strategic? Do you need to get an MBA? … Continue reading

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