Download and customize hundreds of business templates for free
Freakonomics, by Steven Levitt and Stephen Dubner, has influenced corporate strategies and business models by encouraging a data-driven approach to decision making. The book's exploration of economic theories applied to social issues has led businesses to consider unconventional factors that may impact their operations. For instance, the book's analysis of crime rates in relation to various factors like policing strategies, gun-control laws, and even the legalization of abortion, has prompted businesses to look beyond traditional metrics and consider a wider range of variables when formulating strategies. This has led to more comprehensive and potentially effective business models.
Question was asked on:
The author looks at eight hypotheses that might explain the marked drop in crime in America in the 1990s, such as new policing strategies, new gun-control laws, and the role of capital punishment. However, none of these hypotheses can be proven with the data. Instead, the author concludes that the primary reasons for the drop in crime were an increased incarceration rate, more police officers, and the legalization of abortion.
Asked on the following book summary:
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be used to analyze social issues. Each of the six essays...
Download and customize hundreds of business templates for free
Dive into competitiveness data and take into account the dynamics of your venture’s financial, technological and market performance with our PEST Analysis framework deck. Examine political, economic, social, technological, environmental and legal factors that might influence your business and never be caught off guard.
How to respond to the current economic shifts of tariffs and geopolitical changes? Use this Macro Environment Analysis deck to examine the frameworks that help organizations remain cognizant of external factors, be prepared for challenges, and harness emerging opportunities.
Calculate and document every action to gain a competitive advantage and react confidently to any type of situation. Use our Scenario Planning presentation to gain insights into schedules, budgets and forecasts, key growth factors and potential threats of upcoming events.
How can you foresee new growth opportunities and take advantage of the next inflection point? Distilled from decades of consulting expertise on innovation, this book gives the lowdown on how to anticipate disruption, build organizational resilience, and thrive when your competitors are caught off-guard.