"15 Lessons Everyone Learns At Business School"
Including--no surprise--the renowned example of Lincoln Electric.
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November 14, 2012
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Yup, the Lincoln Electric one was discussed in my entrepreunership program at NC State.
Posted by: TJ | November 14, 2012 at 11:59 PM
I may have posted this before ... I learned 4 things in business school (U. of Chicago): markets are efficient, time value of money, trade off between risk and return, and sunk costs are sunk. I consider that a pretty good return on my education investment.
Posted by: Seth | November 15, 2012 at 01:55 AM
Here's the original HBS study from 1983;
http://www.vwl.unibe.ch/studies/3386_e/The_Lincoln_Electric_Company2.pdf
Posted by: Patrick R. Sullivan | November 15, 2012 at 03:17 PM