Drops from the Fire Hose – September 24, 2012

Create Resume Templates to Save Time, Avoid Sending Out the Same Resume — Lifehacker

Over at US News Money, Arnie Fertig lists off a number of great tips for job seekers—like remembering to treat your job search as a full-time job—but one tip that stood out to us was a simple one: name your resume [firstname lastname] resume.doc/pdf/etc, and each time you send it, rename the file to [firstname lastname] resume for XXX company.doc/pdf/etc. When the recruiter gets the attachment, they’ll immediately know that this resume isn’t just up to date, it’s built with this job in mind.

Is It Immoral to Earn Attractive Profits From Poor Customers? — The Huffington Post

Is it immoral to earn profits selling to poor customers?

No, according to Milton Friedman, the celebrated free market economist.

“…there is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.”

Friedman believes that a marketplace of enterprises earning profit within the rules is the most powerful lever to improve society.

Yes, according to economist and Nobel Prize winner Muhammed Yunus.

“Poverty should be eradicated, not seen as a money-making opportunity.” Yunus believes that investors in social businesses should only get their money back. In my view, that adds up to a sizeable interest-free subsidy, which is a constraint to scale.

Why do I believe that the answer to extreme poverty is to earn attractive profits serving poor customers?

Meet the New Boss: Big Data — Wall Street Journal

For more and more companies, the hiring boss is an algorithm. The factors they consider are different than what applicants have come to expect. Jobs that were once filled on the basis of work history and interviews are left to personality tests and data analysis, as employers aim for more than just a hunch that a person will do the job well. Under pressure to cut costs and boost productivity, employers are trying to predict specific outcomes, such as whether a prospective hire will quit too soon, file disability claims or steal.

Personality tests have a long history in hiring. What’s new is the scale. Powerful computers and more sophisticated software have made it possible to evaluate more candidates, amass more data and peer more deeply into applicants’ personal lives and interests.

ECB Member Gives A Brilliant Explanation Of The Euro Crisis And What Is Being Done About It — Business Insider

ECB executive board member and French economist Benoît Cœuré gave a big speech today at the Institut d’Études Politiques in Paris on the evolution of the euro crisis and articulated the most severe issues facing the eurozone right now (from a financial standpoint), and he gave a forceful defense of the ECB’s new plan to fix them.

How Do Habits Help Your Business? — Stanford Graduate School of Business

This week, Stanford GSB’s Social Web Strategist Karen Lee is sharing her class notes from a Week 0 course called “How Neuroscience Influences Human Behavior,” co-taught by Marketing Professor Baba Shiv and Lecturer Nir Eyal. Each post focuses on an interesting insight from class.


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