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In management research, following terminology cornered by the legendary Stanford professor Jim March, we often say that firms have to balance exploration with exploitation.
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Jim Plummer, dean of Stanford's School of Engineering, says that's why his faculty is increasingly using e-books.
NPR: Stanford Ushers In The Age Of Bookless Libraries
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Jim Harbaugh recognized that in order for Stanford to win, the team would need to turn itself into a power force on the field whose physicality led its way to victories.
FORBES: The Secrets Behind Stanford's Emergence as a Football Powerhouse
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It thus drove Woody crazy when the 12th-ranked Stanford Indians, consisting of one rifle-armed Jim Plunkett and a supporting cast of California lulus, beat top-ranked Ohio State in the 1971 Rose Bowl.
FORBES: Woody and the Dow
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The team's fortunes, however, have turned since the 2011 hiring of Jim Harbaugh, a former NFL quarterback himself who'd been coaching at nearby Stanford.
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Much of this has to do with the success of ex-college coaches like Jim Harbaugh, who has taken San Francisco to the Super Bowl just two years after leaving Stanford.
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