In our book we document the answer: quite fast. I had not seen this survey by Richard Hall
https://www.jstor.org/stable/pdf/2486410.pdf which is a survey of CEOs asking them " The question 'Given a reasonably high priority
how many years would it take to recreate the
current reputation of your company if you had
to start from scratch? was also asked with respect
to: The reputation of product range; The know-
how of employees; the know-how of suppliers;
the know-how of distributors; and networks.
The average replacement period estimated for
each intangible resource is shown in Table 2."
An occasional blog on economics. Designed for students and those interested in Economics topics.
Saturday, 27 June 2020
Monday, 8 June 2020
Various teaching links
1. Price gouging.
Lots of material in the FT, including this https://www.ft.com/content/8db033ac-5d11-11ea-b0ab-339c2307bcd4.
2. More on nightclubs and male and female models. We’ve been talking about networks and demand curves, why celebrities go to nightclubs and male and female models. Well guess what: David Edmonds of https://socialsciencebites.libsyn.com/ has a podcast with a female model about going to night clubs and how much she gets paid. Who says economics isn’t relevant to the world?
Lots of material in the FT, including this https://www.ft.com/content/8db033ac-5d11-11ea-b0ab-339c2307bcd4.
2. More on nightclubs and male and female models. We’ve been talking about networks and demand curves, why celebrities go to nightclubs and male and female models. Well guess what: David Edmonds of https://socialsciencebites.libsyn.com/ has a podcast with a female model about going to night clubs and how much she gets paid. Who says economics isn’t relevant to the world?
Here’s the link:
Podcast link: https://socialsciencebites.libsyn.com/
3.
Friday, 5 June 2020
When is it a good idea for a firm to lower quality?
When is it a good idea to lower quality? My excellent ex-student Mike Follett
alerts me to this story about Zoom
We will go through this in class next week.
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