Professor Michael Roberto's Blog
Musings about Leadership, Decision Making, and Competitive Strategy
Thursday, June 04, 2026
Are You Listening to Me? How Can I Tell?
Monday, June 01, 2026
Is Hosting the World Cup an Economic Windfall?
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| CHARLY TRIBALLEAU/AFP via Getty Images |
1. The substitution effect: For the local citizens attending World Cup games, the spending may not be "new" or "incremental" in any real sense. This spending may simply displace other leisure activities. If so, the country's economy does not grow as a result of the locals' spending on World Cup games, apparel, etc.
2. The crowding out effect: The hoopla around the event may cause tourists who may otherwise visit the host country or host cities to avoid traveling to those locations. Matheson cites the example of Orlando, Florida. The city lost tourists who otherwise would have visited area theme parks, but avoided the area because of the soccer fans filling up area hotels, restaurants, and the like. He cites a similar study that found that France did not gain international tourists during the 1998 World Cup.
3. Leakages. Matheson argues that FIFA collects much of the ticket revenue, and most of that money does not remain in the host country. Moreover, most of the increased hotel profits typically do not remain in the local economy.
Matheson concludes that these three effects cause the economic gains often to be far lower than those projected before the event takes place. In fact, he writes, "The results generally show that the observed impact of the World Cup has been a fraction that touted by the event boosters, and frequently the observed impact has actually been negative."
By describing these issues, I don't mean to put a damper on what should be a very exciting event. However, the analysis put forth by Matheson should cause us to examine "economic impact" studies with a very critical eye. That does not just hold for World Cup events. The same type of critical evaluation should be applied to any of these types of studies, whether it be for hosting an Olympics, building a new sports stadium, or constructing a new concert venue.
Wednesday, May 27, 2026
Espoused Strategy vs. Strategy-in-Use: Watch How The Resources Are Allocated
A close examination of resource allocation at the enterprise revealed a quite different story. Competitors also had a similar structure: a large core business and a smaller adjacent unit. Yet, the top competitors in the industry invested much more heavily in their core businesses and allocated far fewer resources in their adjacent units. In fact, this organization invested three times as much on its adjacent business as the top-ranked competitors did. Yet, executives and board members were shocked that the enterprise's core business lagged behind these rivals. Company leaders loved to talk a good talk about being #1 in the industry in which the core business competed, but they loved to invest in the adjacency that was a pet project of some enterprise leaders.
The story illustrates a powerful distinction between espoused strategy and strategy-in-use. The great scholar Chris Argyris coined the terms espoused values and values-in-use to describe the distinction between what companies say their values are and how people in those organizations actually behave. The same distinction can apply to strategy. Don't pay attention to what executives and board members say that their strategy is. Instead, pay close attention to how they allocate resources. In so doing, you will see the actual strategy-in-use. Pay even closer attention when you see resource allocation fundamentally divorced from the stated vision and strategy. In the end, don't focus too much on executive speeches, strategic plans, and slick promotional materials. Focus on where the dollars flow. That will tell you about the actual strategy. If you discover a mismatch, ask yourself: Why is there a divide between the espoused strategy and the strategy-in-use? Uncovering the reason for that divide will help you think about how that enterprise has undermined the competitive position of its core business, as well as how a successful transformation can be unleashed.
Thursday, May 21, 2026
Achieving Your Goals by Talking about Time Differently
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| https://esheninger.blogspot.com/ |
I didn't have time. I was too busy. My schedule became too hectic. We have all made these excuses when we didn't achieve our goals. Of course, these explanations included more than a bit of truth. Competing priorities and packed schedules do, in part, become an obstacle to achieving our goals. However, new research suggests that how we talk about time might really matter when it comes to getting back on track and meeting our original objectives. Luis Abreu and his colleagues have co-authored a new paper titled "Didn’t Have Time or Didn’t Make Time? How Language Shapes Perceived Control over Time and Motivation." The authors explain what they found through a series of experiments:
Friday, May 15, 2026
Does the NFL Risk Oversaturation? The Pursuit of Growth vs. the Value of Scarcity & Exclusivity
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| Source: Fox Sports |
Great luxury brands such as Brunello Cucinelli, Patek Philippe, Hermes, and Ferrari use deliberate scarcity and exclusivity to optimize brand equity, enhance willingness-to-pay, and distinguish themselves from the competition.
Wednesday, May 13, 2026
Reframing the Purpose & Value of an Education
Monday, May 11, 2026
Perseverance & Focus When Work is Hectic
Karina Mangu-Ward wrote a great column recently for Fast Company. She examined how high-performing teams remain steady and composed during crises. Specifically, I thought her point about tradeoffs bears emphasis. She writes,





