Global Insights, Leadership, Risk Management

The Case for Low Interest Rates, Lower Taxes, and More Babies – Deflation!

7 Sep , 2017  

The economists and central bankers of the US Federal Reserve have a perplexing challenge. The US economy has picked up in terms of GDP growth, but inflation is below the Goldilocks target of 2%. How could economic models be wrong? What, if anything, has changed? It has spurred a serious discussion that suggests that US economy operates differently now. I think the answer is obvious – DEFLATION! We have deflation, just not in an absolute form. We have deflation in the economy like you might have bugs in your house. They are not everywhere, just in places. Overall, the house is mostly clean, but there are some bugs.

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Career Advice, Leadership, Risk Management

Learning from Bad Decision-Making at United Airlines

11 Apr , 2017  

By now, you have probably heard about the doctor that was dragged off a United flight from Chicago to Louisville. The video, taken by passengers, tells all. How do companies make such bad decisions? How can we learn to make better decisions and stay away from such self-infected and unnecessary damage? Identify Conflicts before Critical […]

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Analytics, Big Data, Big Data and Analytics, Digital Strategy, Global Insights, Innovation, Leadership, Risk Management

Make 2017 a Year of Growth and Prosperity

9 Jan , 2017  

I hope this finds you off to a very Happy New Year! It is a natural time to plan for the coming year. The Angel Oak of Charleston, South Carolina has always inspired me. It has grown and prospered for over 500 years, reminding us that everyday can bring growth and prosperity. I wish you […]

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Global Insights, Risk Management

2017 Business and Economic Predictions

1 Jan , 2017  

2017 New Year Outlooks With 2017 just beginning, it is worth thinking about some financial and business outcomes that are uncertain and will be consequential in the state of the economy next year. Price of Oil The Trump administration seems more supportive of the broader energy sector than was that of Obama, including coal and […]

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Career Advice, Global Insights, Leadership, Risk Management

The Data on US Debt: Measurement and Management

19 Oct , 2016  

“If you can’t Measure it, you can’t Manage it. ”   – W. Edwards Deming Each year, as a service to our students here at Northwestern University, I hold a special session showing new graduates how to make a personal financial plan. If you are not measuring your personal finances, you are not managing your personal finances. […]

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Digital Strategy, Risk Management

The Two Battlegrounds of E-commerce: Digital and Supply Chain – Lessons from Amazon and Jet.com

9 Aug , 2016  

The Two Battlegrounds of E-commerce: Digital and Supply Chain – Lessons from Amazon and Jet.com

Walmart recently announced that it is purchasing Jet.com for some $3.3 billion dollars. For Jet.com, which was founded in January of 2014, it is a remarkable return in a short period of time. The purchase shows that the battleground for E-commerce is being fought on digital convenience and value to customers. E-commerce has two-fronts: the […]

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Leadership, Risk Management

Business Strategy Lessons from the 2016 Presidential Election

9 Mar , 2016  

Business Strategy Lessons from the 2016 Presidential Election

The 2016 Presidential Election has offered surprises and intrigue. It has also offered excellent examples of strategy at work. These lessons are most applicable to business, too. These are 7 important business strategy lessons from the election: Lead with a Simple and Direct Message: Trump has a very simple and direct tagline, “Make America Great, […]

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Leadership, Risk Management

Risk Predictions for the New Year and Interesting Business Cases in 2016

9 Jan , 2016  

Risk Predictions for the New Year and Interesting Business Cases in 2016

Risk Predictions for the New Year and Interesting Business Cases in 2016 With 2016 just about a week old, I would like to share some risk issues that are interesting to consider in 2016. Federal Reserve Interest Rate Increase Although delayed many times, the Federal Reserve did finally increase the benchmark interest rate.[1] However, inflation […]

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Big Data and Analytics, Risk Management

Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups

4 Dec , 2015  

Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups

Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups It is amazing how quickly the world of health sensors and wearables has developed. In just a few years, we have seen the wearable market explode with Fitbit, Jawbone, and Apple commanding healthy shares of the overall market that delivered some 70 […]

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Big Data and Analytics, Risk Management

Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization

27 Nov , 2015  

Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization

Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization With the destruction of hurricane Harvey in Houston, the memory of Katrina, Sandy, and Andrew hitting large metropolitan areas, it is worth considering the analytics and data behind hurricane risk. Data shows periods of high activity and then periods of low activity. In 2015, Florida […]

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