Rising Importance Of China In The World And In Our Work
Few doubt the importance of China in the world. “To what extent?” is one question. “At what rate is it rising?” is... Read More
What If Women Were The Original Business Management Theorists?
Posted on02 Apr 2018
Tagsartificial intelligence, business, business management theory, Douglas McGregor, gender differences, The Economist, perspective, motivation, management, economics
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In a discussion with a businesswoman, I said that business is a very masculine field. When asked to explain, I asked her,... Read More
Economics, Illogical or Irrational?
Once upon a time, long, long ago, a successful retail executive confided that in college she didn’t do well in economics. She... Read More
Pricing, The Secret
Posted on19 Sep 2013
Tagsfood, economics, Dan Ariely, anchoring, Influence, Tom Sawyer fence painting, violins, lobster, supply and demand, Drazen Prelec, George Loewenstein, values, The New Yorker, The Economist, taste, subjective, restaurant, rationale, price, neoclassical economics, James Surowiecki
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The secret to pricing is its arbitrariness, subjectivity. What disrupts this is anchoring, a preconceived benchmark of what should be the price.... Read More
How Psychopaths Become CEO’s (Pt 3) – Preferred Trends
Posted on12 Aug 2013
Tagschange, competition, discipline, economics, emotions, event, power, procedure, process, psychopaths, relationships, resistance to change, rules, Stalin, Anatomy of an Event, flow, Psychopath in Workplace Series, Lenin, Trotsky, Russian Revolution, fiscal discipline, operational discipline
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Psychopaths often become CEO’s because we ask them to do so. We usually do so unknowingly, but circumstances around events encourage us... Read More
Accounting for Unconscious Biases in Your Decision Making?
Posted on16 Dec 2010
Tagsdissent, decisions, Dan Lovallo, budgets, behavioral economics, abilities, diversity, unknown, uncertainty, self-interest, optimism, Olivier Sibony, McKinsey & Company, management, leadership, economics
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The article, The Case for Behavioral Strategy, (PDF) by Dan Lovallo and Olivier Sibony* from the March 2010 McKinsey Quarterly states: Once... Read More
Leadership versus Management and Their Difference
There are endless reads on leadership versus management and their differences. Most references are too technical. They focus on duties, tasks and... Read More
