- Joined
- Mar 13, 2005
- Messages
- 20,536
- Reaction score
- 1
Please! I'm posting this here because the Patriots are used as an example for a discussion on business management. Since this has "real world" political potential, I invite anyone who wants to discuss it as a "political" article to repost it in the appropriate forum. For the rest of us, one more example of how Krafty Bob and Evil Bill reach beyond the stadium to influence the world. Thank you.
What Wall Street Should Learn from the NFL - Lane Wallace
What Wall Street Should Learn from the NFL - Lane Wallace
Jul 7 2009, 9:37AM
Business
What Wall Street Should Learn from the NFL
At first pass (so to speak), the linebackers of the National Football League and the CEOs of corporate America might seem to have little in common, other than larger-than-average paychecks. But a recent article written by Roger Martin, Dean of the University of Toronto's Rotman School of Management, argues quite convincingly that they share more than most of us would think. And, more importantly, that the NFL has some very important lessons to teach American business leaders.
Personally, I'm impressed that a Canadian-born, Harvard-educated economist even thought to employ a football analogy to explain how flawed economic theories about compensation and investment contributed to the recent melt-down on Wall Street. More impressive still is that his basic argument, and the economics behind it, is so easy to follow, once you view it in football terms.