Month: March 2009

Great managers select for talent

Post author By Tom Spencer
Post date March 30, 2009
No Comments on Great managers select for talent

I am in the process of reading “First Break All the Rules” by Marcus Buckingham & Curt Coffman. The book makes the insightful point that great managers understand the difference between skills, knowledge and talent: Skills are abilities that may be acquired by training. For example, a mathematics teacher must be skilled in arithmetic, a […]

Tags Business Strategy, human resources, knowledge, management, skill, talent

Economics

Economies of scale

1. Importance of economies of scale IN THE early 20th century, by using assembly lines to mass produce the Model T Ford, Henry Ford became one of the richest and best-known men in the entire world. Economies of scale provide a company with two main benefits: Increased market share: Lower per unit costs allow a […]

Tags assembly line, Economics, economies of scale, Henry Ford, mass production, model T