There are two important ways to innovate. The first approach is addition: If you add an engine to a carriage, you have created a car. The second approach is subtraction: If you eliminate a complicated restaurant menu, you have a created a […]
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On January 27, 1986, Thiokol engineers and managers discussed the weather conditions surrounding the upcoming launch of the Space Shuttle Challenger with their counterparts from NASA. The weather was very cold and one of the design engineers, Roger Boisjoly, pointed out […]
We used to have a fascinating, yet frustrating evening ritual with our cat: Whenever we prepared to go to sleep, our cat would find ever more intelligent ways to escape from our living room to our bedroom. After a fruitless chase, […]
If you want to effectively run virtual teams, it’s important to get the basics of high-performance teams right. Focus on the following elements: On a scale of 1-10, how well are you doing on each of these elements?
Last week I had a short chat with a personal assistant. She incidentally mentioned she was still occupied making minutes of last week’s management team meeting. That came as a surprise to me: Was that really the highest and best […]
One of the more curious aspects of strategic portfolio management is a concept called the probability-of-success. This metric is often used in decision making around strategic options. Typically, options are ranked based on the following formula: (Expected Result) = (Probability-of-Success) x […]
Let’s do a thought experiment: Does democracy work in brain surgery? If you are a brain surgeon, would you allow anyone in your team to make key decisions when you’re operating on a patient? Probably not. If you want to […]
My iPhone spontaneously and faithfully tells me every week how much time I have spent on screen time. This metric tracks my phone use, similar to metrics like daily calorie intake, monthly spending, etc. The idea is that what you focus […]
The purpose of thinking is to stop thinking. It means that thinking is a high energy consuming activity: It takes a lot of effort to simply think. That’s why humans are designed in such a way that whenever we have […]
Early 2021, you would find yourself in a roller coaster if you owned stock of a small company called GameStop: A buying frenzy occurred—driven by thousands of Reddit users—and the stock increased by more than 1000% within two weeks. The objective of […]
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