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Latest MIT Sloan School of Management Stories

2013-03-13 15:30:55

What can sports teams learn from the manufacturing industry? Plenty, according to Timothy Chan of the University of Toronto (U of T) and Douglas Fearing of the Harvard Business School. Using statistics from the 2012 Major League Baseball season, Chan and Fearing found that positional flexibility — the ability of a player to play multiple positions — is valuable, responsible for up to 15 per cent of the team's runs, as was the case with the Chicago Cubs. Other teams like the...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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