“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0)20 7831 0575 Fax: +44 (0)20 7831 5208

Slides:

Advertisements

Similar presentations

© Creative Development 2009 in partnership with Business Link in London Marketing and PR for Social Enterprises.

Advertisements

The Case for a Business Case

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Joint Working in a Cold Climate NHS Confed Conference 7th July 2011 Peter Hay ADASS President.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

A Case Study Newspapers + TV drive brand commitment and brand values for Purina ONE.

© Z/Yen Group 2010 “New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Chapter 9b Price Setting in the Business World. How are prices set by business people? Costs provide a price floor. See what substitute products are priced.

Robert Waugh Scottish Widows Investment Partnership.

The role of NGOs in promoting sustainable consumption and production Dr. Nadia Haiama-Neurohr Senior policy officer “2nd international expert meeting on.

21st Century Threats – HIV/AIDS Gresham College, Feb. 27, 2012 By Markus Haacker.

2 H i g h e r E d u c a t i o n © Oxford University Press, All rights reserved. Chapter 5: Economic theory 2: Insurance Barr: Economics of the Welfare.

In today’s society we find, an ever-increasing global population that continues to shift to urban areas will require widespread adoption of sustainability.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

© Z/Yen Group 2010 Z/Yen Group Limited Risk/Reward Managers 5-7 St Helen’s Place London EC3A 6AU United Kingdom tel: +44 (20) Professor Michael.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

© C.K. Prahalad 1 75: Next Steps C.K.Prahalad Paul and Ruth McCracken Distinguished University Professor The University of Michigan July 30, 2009.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

© Z/Yen Group 2010 “New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Chapter 18 Price Setting in the Business World. How are prices set by business people? Costs provide a price floor. See what substitute products are priced.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Goal Setting Why Should You Use Goal Setting?. What is a Goal Anyway? According to Merriam-Webster a goal is: the end toward which effort is directed.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Modernisation in Istat Nadia Mignolli Italian National Institute of Statistics (Istat) Department for Integration, Quality, Research and Production Networks.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Welcome to Session 3 – Project Management Process Overview

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Is Greed Good Brainstorm– 1. what is greed (selfishness)? 2. why do most religions and ethical systems say that greed is bad? 3. how is greed destructive?

Knightian Elements in Stigler David Levy Sandra Peart.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Team Assignment 10 K15T02-Team Scope 2.Risk Management Process 3.How to determine the impart of risk 4.Top 10 risk of Viking.

Network design Topic 1 Business goals. Agenda Network life cycle Network design process Business goals Scope Constraints.

Introduction to Entrepreneurship Develop the Marketing Plan.

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Demand: how much (quantity) of a product or service is desired by buyers Supply: How much of the good or service the market has to/can offer Law of Demand:

Strategic Thinking for the Leaders( บรรยายไทย ) To remain competitive in today business environment and increasingly aggressive markets, individuals have.

Title Driving Mango Sales at Retail Tristan Harris Co-CEO Harris Farm Markets.

Technology Startups. Introduction Tech startups have become a major part of our life and economy Most likely many will be working for or starting their.

The Impact of Intermittent Renewable Energy Sources on Wholesale Electricity Prices Prof. Dr. Felix Müsgens, Thomas Möbius USAEE-Conference Pittsburgh,

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0)

Award winning Inbound Marketing Company and content marketing agency based in Idaho falls. Delivering targeted leads to your business and building your.

4.2a Marketing Planning Marketing Mix, Objectives, Ethics.

BIG DATA Initiative SMART SubstationBig Data Solution.

Introduction and Overview

NAWF Women Entrepreneurs Empowerment through Entrepreneurship & Innovation How can large corporations help integrate women entrepreneurs into their network?

PROCESS SKILLS The fundamental activities or strategies which enable a person to reach desired outcomes.

Goal setting Objectives:

Business objectives.

Stock Valuation and Analysis

Prudent Eye Care & Clinical Prioritisation: Reconciling Risks & Waits

Introduction and Overview

Stock Valuation and Analysis

SMART Objectives This is SMART! Specific

Mercers’ School Memorial Professor of Commerce Michael Mainelli

Questions to Consider Economics Overview

MODULE 2: TEAMWORK.

Technology innovation

Setting Performance Objectives/ Targets

ประกาศกระทรวงอุตสาหกรรม ฉบับที่ 5292 (พ.ศ. 2562)

Presentation transcript:

“New Learning” Barnard’s Inn Hall Holborn London EC1N 2HH Tel: +44 (0) Fax: +44 (0) © Gresham College 2005 Commerce Professor Michael Mainelli The Perverse and the Reverse: How Bad Measures Skew Markets

© Gresham College 2005 Outline Taking the measure Weighed and found wanting – Gresham’s Measurement Corollary Man is the measure Wanna BET%? Goodhart’s Law Quis metit ipsos metatores? “Get a detailed grip on the big picture.” Chao Kli Ning

© Gresham College 2005 Taking The Measure Law of Unintended Consequences SMART objectives specific measurable achievable relevant timely

© Gresham College 2005 Weighed And Found Wanting Gresham’s Measurement Corollary “a cheap measure drives out a valuable measure, if they exchange for the same price” Professor Robert Mundell

© Gresham College 2005 Man Is The Measure Commodity Widespread Product or Service Innovative Product or Service new demand new measure standardised measure

© Gresham College 2005 Man Is The Measure Standard- Based ComparativePredictive Set Direction What’s the norm? How are others doing? Are we doing the right things? Gain Commitment Do we agree on the basic measures? How do others motivate? What’s our vision? Keep Control What are our constraints? Are our limits the same as others? How do we re- define limits? Resolve Uncertainty What are the basic priorities? Do we share others’ priorities? Have we got the right priorities?

© Gresham College 2005 Pressed For An Answer Press Release A – our losses will be £Q, a specific amount Press Release B – at this point in time our losses are estimated to be between £X and £Y at a probability of Z%

© Gresham College 2005 Wanna BET%? Bottom Expected Top % likelihood

© Gresham College 2005 Goodhart’s Law “When a measure becomes a target, it ceases to be a good measure.” Professor Marilyn Strathern FBA

© Gresham College 2005 Quis Metit Ipsos Metatores?

© Gresham College 2005 Discussion 1. Where could slightly different measures make the biggest differences to society? 2. Where does BET% not apply? 3. Can you find a contradiction of Goodhart’s Law where a measure is used for control but this enhances both the measure and the control? “Get a big picture grip on the details.” Chao Kli Ning

© Gresham College 2005 The Perverse and the Reverse Thank you!