Minds for Business

Extraverted Populations Have Lower Savings Rates

Particular personality traits may have a powerful influence on a country’s economic outlook, according to new research. Across three studies, University of Toronto psychological scientist Jacob Hirsh found that populations that tend to have higher levels of extraversion are less likely to save for the future. Hirsh argues that understanding More

Why Men Still Edge Out Women in Tech Jobs

The world’s top tech companies have realized that unconscious bias is bad for business. Elite companies like Facebook and Google are worried that subtle prejudices—for example, the implicit attitude that men are better than women at math and science—are leading hiring managers to unwittingly skip over the most competent, qualified More

Amazon’s Mistake: Mixing Creative Conflict With Animosity

“Of all [Jeff Bezos’] management notions, perhaps the most distinctive is his belief that harmony is often overvalued in the workplace — that it can stifle honest critique and encourage polite praise for flawed ideas. Instead, Amazonians are instructed to “disagree and commit” (No. 13) — to rip into colleagues’ More

Microlending Success Starts with a Smile

The economist Muhammad Yunus was awarded a Nobel Peace Prize in 2006 in recognition for his pioneering work in microlending – making small loans available to people living in poverty. Yunus believed that entrepreneurs in rural, impoverished areas needed the same things as any other business—capital to get their small More