Key Points of succes in the economical crisis

The past weekend I attended a conference held by the Institute for superior formation of the University of Barcelona(IL3) .  This year the IL3 Meeting came to its 5th edition and had the participation of LEOPOLDO ABADIA, who discussed the “key points of success during the crisis” and opened a debate with the podium.  At the conference there were several meaningful insights about possible strategies to overcome the crisis. Interesting enough , small enterprises (SME) have the potential to change strategy rather faster than big corporations and therefore are able to take advantage of the opportunities arising in this situation. Innovation was pointed put as one of  the most important strategies for success. Innovation in the sense of new business models and in the execution of traditional models.  Although the path to overcome the crisis has still some way to cover, there are opportunities to discover. 

 As JFK said crisis in Japanese hat to components First: Danger Second: Opportunity.....

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Dr Leopoldo Abadia is an Industrial Engineer Phd from the ITP Business Harvard School. He has been professor at the IESE for 31 years. Currently he works at the Sonnenfeld Group for consulting and formation and is the author of “La crisis Ninja” (2008) and “La hora de los sensatos” where he analyzes and proposes potential l solutions for the economical crisis.

Freakonomics

 I just read a very entertaining book called Freakonomics by Steven D Levitt and Stephen J Dubner, both  outcast economists who have a different perspective on economic theories...

The book gives a little glimpse on economic theories mostly based on incentives and information asymmetry. Incentive theory describes human behavior and actions as a result of incentives set to them and Information asymmetry describes a situation in which one person has a rather better access to information than the other partner of a transaction. With these theories they try to describe situations like drug dealing, cheating in Japans Sumo competition and other peculiar sitauations. The book is wiedely entertaining and full of curios Facts.  If it will change your life….probably not but itll enteratain you for a while and let you see economics from another perspective. The most interesting proposition is that crime rates sinked due to the case Wade VS Row in which abortion became legal and as a result crime decreased because there were less not –wanted children born which are more likely to become criminals. If you have some time, its easy to read, entertaining and a good recommendation.