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In their hunt for an information advantage, managers — enabled by IT consultants, hardware vendors, and software providers — often simply try to capture all the data they can.
With coarse information technology, negotiated transfer pricing has an informational advantage: managers agree to prices that approximate the firm's cost of internal trade more precisely than cost-based transfer prices.
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This advantage over managers was undermined when creators previously had poor ideas that were successful in the marketplace anyway.
A key to creators' advantage over managers was that creators were able to recognize value in the more novel ideas, or the performances that deviated from conventional circus art.
Results from the lab experiment show that creators' advantage over managers in predicting success may be tied to the emphasis on both divergent thinking (idea generation) and convergent thinking (idea evaluation) in the creator role, while the manager role emphasizes only convergent thinking.
"You've got to take advantage," Mets Manager Bobby Valentine said.
Because they look for sustainable competitive advantages, the managers typically avoid technology companies.
To find businesses with sustainable competitive advantages, the managers screen 8,000 United States companies for consistent earnings and revenue growth.
Unwilling to offer any advantage, neither manager would name his injured player, Leicester's O'Neill merely conceding that someone had turned an ankle in training.
This would allow the market to adjust prices in response to the forthcoming insider sale and certainly reduce any advantage a manager might gain from inflating earnings expectations.
For instance, while the methods and tools of risk assessment offer numerous advantages to managers, they may be largely incompatible with an undue desire for certainty that imbues the culture of their organizations.
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CEO of Professional Science Editing for Scientists @ prosciediting.com