The 4 Key Stages of Idea Creation in the Creative Industries
Despite the romantic view that artistic genius and organizations are at odds, creativity alone doesn't generate full-blown creations. The creation process needs to be managed so as to translate ideas into new movies, perfumes or novels, and bring them to the market. HEC Paris's Thomas Paris carried out ten in-depth case studies of businesses from the movie industry to haute cuisine and along with Sihem Ben Mahmoud-Jouini, identified the four key stages of the creative process.
How to Address the Fears that Prevent Us From Tackling the COVID-19 Challenges
How to lead positive change within organizations in order to adapt to the coronavirus crisis, and yet continue to inspire and motivate people under such highly uncertain circumstances? Mathis Schulte, Associate Professor in Management & Human Resources at HEC Paris, elaborates on social psychology’s terror management theory, and what we can do to prepare for the disruptive changes ahead of us.
Cliques or Cosmopolitans? How Do Social Networks Shape Innovators Fame
What makes innovators famous? Creativity is commonly assumed to be a driver of fame. Another common, albeit more cynical view, is that being connected to powerful people helps people become famous. Mitali Banerjee of HEC Paris and Paul L. Ingram of Columbia Business School provide a more nuanced view. They find that innovators’ fame cannot be explained by their creativity but by having a diverse community of peers. Learn more in this interview with Mitali Banerjee.
Why Activist Hedge Funds Target Socially Responsible Firms, and How Executives and Investors Can Counteract Them
Increasingly powerful and influential, activist hedge funds are forces to be reckoned with. With their controversial tactics aimed at maximizing shareholder profit, they undermine sustainability practices, which they consider wasteful. Indeed, not only do they tend to suppress the corporate social responsibility (CSR) activities of the companies they target, they also target companies with stronger CSR records in the first place, as a new study reveals. But its authors Mark DesJardine, Rodolphe Durand, and Emilio Marti also show that these companies can divert the attention of activist hedge funds, and that policymakers and socially minded investors can intervene, too.
A 4 x 4 Matrix: What Went Into it and How it Made International Development as we Know it?
Most international development agencies and non-governmental organizations (NGOs) have some experience planning and evaluating projects using the Logical Framework matrix. Professors of Accounting Daniel Martinez (HEC Paris) and David Cooper (University of Alberta) traced the managerial traditions that informed this visual instrument and the implications this has for international development.
Can the COVID-19 Crisis Move Forward the Energy Transition?
Is the COVID-19 pandemic an opportunity for us to rethink our current energy system? Jean-Michel Gauthier, professor and Executive Director of the Energy & Finance Chair at HEC Paris, explains the global consequences of the coronavirus and paints a picture of the future of the Energy Transition right here at the heart of the European Union.
State of the Art
How to Improve Decision Making
This in-depth dossier features the latest and cutting-edge research findings on decision making from HEC Paris' professors. We hope that the tools presented will help you think your decision making from new angles and to elaborate appropriate strategies in various situations, especially during these times of uncertainty.
A New Theory in Economics Helps Predict Future Events
When will be the next financial crisis? Who is going to win the next US presidential elections? How do we create beliefs about such events? By understanding how probabilistic beliefs form, economic theorists can now explain and predict phenomena that depend on rational beliefs. Latest research by Rossella Argenziano and Itzhak Gilboa equips economic modeling with a theory and a set of tools of belief formation, based on statistics and psychology. Some of the immediate applications are the equilibrium selection in coordination games.
A New Definition of Comparative Ambiguity Attitude
HEC Paris Ph.D. student Fan Wang unveiled a new definition of ambiguity attitude during the latest D-TEA conference on decision making, organized by HEC Paris Professor Itzhak Gilboa. This was acknowledged and congratulated by decision-theory expert Peter Wakker. In this interview, Mr Wang explains what does he brings both to the field of decision sciences and to practice.