Better models of care will go a long way toward spurring health care providers to make better choices between increased costs and improved outcomes, Wharton’s Mark Pauly writes.Continue Reading →
The ALS Ice Bucket Challenge has raised millions of dollars toward fighting the disease and spawned millions of videos and shares on social media. Wharton’s Jonah Berger discusses why the campaign went viral.Continue Reading →
In a survey on what he terms “predictive shopping,” Harvard Law professor Cass Sustein found that 41% of people would “enroll in a program in which the seller sent you books that it knew you would purchase, and billed your credit card.” That number ...Continue Reading →
Remember when IBM’s “Watson” computer competed on the TV game show “Jeopardy” and won? Most people probably thought “Wow, that’s cool,” or perhaps were briefly reminded of the legend of John Henry and the ongoing contest between man and machine. Beyond the media splash it caused, though, the event was viewed as a breakthrough on many fronts. Watson demonstrated that machines could understand and interact in a natural language, question-and-answer format and learn from their mistakes. This meant ...Continue Reading →
The year 1777 was not a particularly good time for America’s newly formed revolutionary army. Under General George Washington’s command, some 11,000 soldiers made their way to Valley Forge. Following the latest defeat in a string of battles that left Philadelphia in the hands of British forces, these tired, demoralized, and poorly equipped early American heroes knew they now faced another devastating winter.
Yet history clearly records that despite the harsh conditions and lack of equipment that left sentries to stand ...Continue Reading →
I recently asked a friend in California about the drought. “Nothing has changed,” he said. “There may be an emergency, but we’re still watering our lawns.”
There’s a similar crisis in the private sector, and plenty of leaders are approaching it with the same mentality as my friend.
But this time, it’s not the lawns that are drying up; it’s the talent pool.
Much like the drought, there are several factors contributing to this crisis. The first is generational. As Boomers retire, they’re ...Continue Reading →
During his years at the University of Virginia, Jerry Reid was, for the most part, a typical busy member of the Class of 2014. He worked hard in his classes, joined a fraternity, was a member of the debating society, played flag football, and cheered for school sports teams.
But in one significant way, Reid was far from typical: He enrolled in college at the age of 66, receiving his bachelor’s degree this spring at 70. “I have become the man ...Continue Reading →
According to one study, 13% of managers are less likely to promote workers who take all of their vacation time; according to another, employees who take less than their full vacations earn 2.8% more in the subsequent year than their peers who took all of their allotted days, reports the Wall Street Journal. Thus it’s not surprising that 15% of U.S. employees who are entitled to paid vacation time haven’t used any of it in the past year.Continue Reading →
Predictive analytics is quickly becoming a vital tool for governments trying to identify tax evaders or terrorists, to look for the best way to tackle a flu epidemic — and more.Continue Reading →