"Which One?"

I can't be the only person who had the above reaction to this headline.

Interesting Graph

"Comprehensiveness" basically means how good a job you do gathering all the relevant information about your industry and firm.

"CE" is corporate entrepreneurship, which is more or less how good the firm is at doing new stuff.

As comprehensiveness increases, so does CE, which makes sense.  But it does so faster for low-risk firms, which at high comprehensiveness engage in more CE than high-risk firms.

The chart comes from Heavey, G., Simsek, Z., Roche, F. & Kelly, A. (2009), Decision Comprehensiveness and Corporate Entrepreneurship:  The Moderating Role of Managerial Uncertainty Preferences and Environmental Dynamism, Journal of Management Studies, 46:8, 1289-1314.

If You Need Music For Your Hit Pop Song

Demography Is Destiny

Here is a nice little post on demography and why Japan -- definitely -- and Europe -- probably -- are screwed.

First Amazon Orders

Megan McArdle suggests going back and looking at your first Amazon order. Here's mine, from June 7, 1996:

Mrs. Mike, Spot Goes Splash, The Bootstrap Entrepreneur: Everything You Really Need To Know About Starting Your Own Business, A Crown of Swords.

Two young kids, my wife was starting a practice and I love trashy genre fiction.

All Is Vanity

1 The words of the Preacher, the son of David, king in Jerusalem.
2 Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.
3 What profit hath a man of all his labor which he taketh under the sun?
4 One generation passeth away, and another generation cometh: but the earth abideth for ever.
5 The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose.
6 The wind goeth toward the south, and turneth about unto the north; it whirleth about continually, and the wind returneth again according to his circuits.
7 All the rivers run into the sea; yet the sea is not full: unto the place from whence the rivers come, thither they return again.
8 All things are full of labor; man cannot utter it: the eye is not satisfied with seeing, nor the ear filled with hearing.
9 The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.
10 Is there any thing whereof it may be said, See, this is new? it hath been already of old time, which was before us.
11 There is no remembrance of former things; neither shall there be any remembrance of things that are to come with those that shall come after.