Tag Archives: Business Strategy

How Modern Economics Is Built On 'The World's Dumbest Idea'

By Steve Denning, Contributor

Earlier this month, the Financial Times published a pair of important articles asking why the goal of a firm is to maximize short-term shareholder value is still being taught in business schools. “While there is growing consensus that focusing on short-term shareholder value is not only bad for society but also leads to poor business results, much MBA teaching remains shaped by the shareholder primacy model.” The challenge is massive because shareholder value is now deeply embedded in the basic economics that is taught in business schools and economics faculties around the world. Moving on from the shareholder value theory, which even its foremost exemplar, Jack Welch, has called “the dumbest idea in the world”, will entail re-thinking and re-writing much of the basics of modern economics. Two prime textbooks on managerial economics To understand the depth of the problem, let’s look at a couple of the best-selling textbooks on managerial economics. One is Managerial Economics and Business Strategy, by Professor Michael Baye, the Bert Elwert Professor of Business Economics in the Kelley School of Business at Indiana University and Jeffrey T. Prince, Associate Professor of Business Economics & Public Policy also at the Kelley School of Business. …read more

Source: FULL ARTICLE at Forbes Latest

Higher One Announces Vice President of Product Management

By Business Wirevia The Motley Fool

Filed under:

Higher One Announces Vice President of Product Management

NEW HAVEN, Conn.–(BUSINESS WIRE)– Higher One, a leader in providing financial services and data analytics to over 1,300 college and university campuses across the U.S., today announces that Whitney Stewart has joined Higher One as Vice President of Product Management. Stewart, who will be responsible for the product management and strategy across several Higher One product suites, brings more than 15 years of technology and financial services industry experience to the role.

Prior to joining Higher One, Stewart was responsible for SunTrust Bank’s Mass Market Consumer Segment strategy as well as the bank’s value added services product organization which includes debit, prepaid, and other consumer financial products. Prior to joining SunTrust, Stewart was responsible for Discover Network’s Brand and Communications organization for Discover Financial Services. She has also held senior management positions at Carreker, Bank of America, eFunds Corporation, and Deluxe Corporation in various Marketing, Product Management, and Business Strategy roles.

“Whitney is a great asset to our efforts in creating offerings that deepen our engagement with students and institutions and that build upon our principles of consumer value, choice, and transparency,” said Miles Lasater, COO and co-founder of Higher One. “As Higher One strives to meet new needs campus-wide and beyond, Whitney’s significant involvement with collaborative working groups brings valuable industry knowledge and skills to our innovative team.”

Stewart is active in leading industry conversations and has served on the Steering Committee of the U.S. EMV Migration Forum, the MasterCard® Debit Advisory Board, the MasterCard® Point of Interaction Advisory Board, the STAR® Network Advisory Board, the Deluxe Corporation Collaborative, the Consumer Bankers Association Interchange Working Group, and the Financial Services Roundtable Interchange Working Group.

About Higher One

Higher One is a leading company focused on creating cost-saving efficiencies for higher education institutions and providing high-value services to students. Higher One offers a wide array of technological services on campus, ranging from streamlining the institution’s performance analytics and financial aid refund processes to offering students innovative banking services, tuition payment plans, and the basics of financial management. Higher One works closely with colleges and universities to allocate resources more efficiently in order to provide a higher quality of service and education to students.

Founded in 2000 on a college campus by students, Higher One now serves more than half of the higher education market, providing its services to over 1,300 campuses and 10.9 …read more

Source: FULL ARTICLE at DailyFinance