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by zx8080 201 days ago
Yeah, it's how everywhere is measured. But I like to remember Joel Spolsky's takes on measuring everything, including his famous book and blog:

https://www.joelonsoftware.com/2006/08/09/the-econ-101-manag...

2 comments

Contrary to the usual opinion on HN, this provides a good reason to do an MBA!

You should learn enough economics that if you are even a bit insightful you will avoid Econ 101 thinking, you will learn about things like intrinsic and extrinsic motivation, and a lot of other things relevant to management.

My MBA program mentioned in passing intrinsic / extrinsic motivation in the Ethics class - which in my program did not even have a final exam :).

Most of the time was spent on cost cutting, customer vs producer surplus, profit margins, efficient markets theory, lots marketing, lots of "the purpose of a commercial enterprise is to make money for its owner" said in different ways, and maybe some operations analysis.

This is great, thank you for sharing