Business Archives

Selling Your Healthcare Data: Who Buys It & Why

Did you know that the selling of healthcare data is big business? Where does the information come from, and how is it used? There’s a market for healthcare data. In Our Bodies, Our Data, Adam Tanner provides a fairly comprehensive list of who is selling the information. He also shares a surprisingly (perhaps disturbingly) long list of how different types of firms use medical data for their own purposes. Read more to learn the sources and uses of healthcare data—as well as the key players in the industry.

Team Evaluation: How to Assess Team Performance

4 Effective Ways to Build Trust With Customers

Are all the members of your team performing up to standard? How often do you assess your team’s performance? Your leadership team can either set you up for a virtuous cycle that informs your long-term successes, or for a vicious cycle that leaves you isolated and without needed support. Therefore, it is critical that you have a robust and comprehensive team evaluation process to make sure everyone on the team is keeping up to the standard. In this article, we’ll take a look at how to design and execute an effective team evaluation process.

Company Capabilities: What Are They?

What are company capabilities? How can you use capabilities in business? How do you know when to outsource? Company capabilities are the resources, processes, and priorities of a business. This article looks at specific examples of capabilities, whether you should outsource, and some real-life examples of capabilities in businesses. Find out more about company capabilities.

Patience in Business: The Key to Long-Term Success

What’s the importance of patience in business? How does patience help you acquire good capital? Clayton Christensen argues in his good money/bad money theory that a company is more likely to be successful if it waits patiently for long-term growth. On the other hand, a lack of patience can lead to the failure of a business. You can use Christensen’s good money/bad money theory to improve your business strategy. Learn about the importance of patience in business.

Transitioning Into a New Leadership Role Using STARS

Are you stepping into a new leadership role? What is the first thing you should do once your tenure is underway? What is the STARS approach? Transitioning into a new leadership role—whether it’s a promotion within the same company or a totally new, unfamiliar territory—can be nerve-wracking. One way to make the process easier is to use the STARS approach to define success. Here are some tips on how to integrate into a new leadership position and ensure success through your tenure.

Organizational Alignment: Fixing a Misaligned Company

What is organizational alignment? What are the signs that a company is “misaligned”? Organizational alignment refers to the degree to which different functions and departments of an organization are aligned in four key components: 1) strategic direction, 2) structure, 3) core processes, and 4) skill bases. When there is tension between any of these facets, the business cannot thrive. In this article, we’ll discuss the four components of organizational alignment, how to diagnose misalignments between them, and how to approach alignment efforts systematically.

Does Higher Efficiency Lower Employment Rates?

Does efficiency kill employment? What are the implications of the efficiency-employment trade-off for the economy? Contrary to a common misconception, efficiency doesn’t kill jobs. This myth is based on the idea that there is limited work to be done, and thus it must be shared strategically to maximize employment. In this article, we’ll take a look at why creating inefficiency actually hurts employment and national wealth.

How Do Tariffs Impact the Economy?

How do tariffs impact the economy? Does imposing import tariffs help or hinder the country’s internal industries? According to economist Henry Hazlitt, tariffs are not as benevolent for the economy as many people believe. Tariffs shift money, manpower, and productivity away from efficient industries in order to support inefficient industries. In this article, we’ll consider Hazlitt’s argument on the negative effects of tariffs on employment and the economy at large.

Early Wins: How to Gain Recognition in Your New Role

Have you just been appointed a new role? Do you want to do something impressive to prove yourself to the higher-ups? According to Michael Watkins, the author of The First 90 Days, the best way to get noticed and, more importantly, recognized is to secure some “early wins.” This will prop up your credibility and provide an opportunity to invest in key relationships that will be essential for a successful transition. In this article, we’ll discuss how to identify areas for early wins and how to implement them effectively.

The Danger of Government Intervention in the Economy

Are there any negative effects of government intervention? How does government intervention in the economy influence the supply-and-demand equilibrium? When the government intervenes in the economy—even in an effort to help—it interferes with the natural equilibrium of supply and demand. This may create unintended ripple effects. Keep reading to learn about different types of government intervention and how they affect the economy at large.