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At the level of the system as a whole, we are curious to learn to what extent financial intermediaries, governments, guilds, churches, and other social institutions supplied any one or all of the four key financial services. Going a level deeper, another way to cut the left and right sides of the spectrum is based on the most appropriate way to solve the problem. This also introduces an interesting additional way to think about the spectrum: The left side is representative of those ideas where you have the most clarity about the final goal (in manufacturing you know exactly what you want the output to look like when it’s done) and the right the most ambiguity (the goal of R&D is to make something new). We have a special interest in papers that explore continuity and change in financial arrangements across preindustrial and industrial societies. For the routine tasks you want to have a single way of doing things in an attempt to push down the variance of the output while on the high variance side you have much more freedom to try different approaches. Another way to articulate these differences is that the low variance side represents the routine processes and the right the creative>
> The left side represented zero variance, the realm of manufacturing and Six Sigma, and the right was 100 percent variance, where R&D and innovation reign supreme. For that reason, high variance tasks should also fail far more often than their low variance counterparts: Nine out of ten new product ideas might be a good batting average, but if you are throwing away 90 percent of your manufactured output you’ve massively failed. While I haven’t seen anyone else plot things quite this way, this idea, that there are fundamentally different kinds of tasks within a company, is not new. If you haven’t read any of these yet, the gist is that I’m writing a book about mental models and writing these notes up as I go. You should read the features and guarantees that are offered by the finance assignment service provider in such a situation. 1. This paper is kind of amazing to read. Do your own research before investing to reach your own conclusions on whether an opportunity is legitimate. Following the success of prior ENTFIN conferences, the Faculty of Business and Economics of the University of Antwerp is proud to organize the seventh conference on Entrepreneurial Finance in the historical city center of Antwerp, Belgium, in collaboration with the Antwerp Management School and with support of the Research Foundation – Flanders (FWO) and PMV.
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