Is growth essential for a company, organization or society? At the end of the nineteenth century, many scientists in the field of physics assumed that we knew all there is. We understood the machine of nature, and what was left […]
Decision making
“If you want to make a quick career, you need to become an oil reservoir engineer. You can make juicy promises about large oil deposits in the ground. Since actual oil production may take decades, you can create the illusion […]
A few weeks ago, Toyota unveiled an innovative new design for its next generation Hydrogen engine. The response was mixed: Ranging from great enthusiasm from Hydrogen proponents, to massive skepticism from EV (Electric Vehicle) advocates. It got me thinking about […]
Recently, I was on the phone with a customer service representative to get a refund. To my frustration, he needed to ask his team leader for permission. This was a clear example of low performance due to lack of empowerment. […]
Information which is known by everyone, is not worth knowing. Here is a book list which has helped me to expand my thinking in the past year: My MasterMind newsletter subscribers have added their favourite books to this list: Let […]
When I was a student of statistics, I was told that outliers should be discarded. Now that I’m a student of high-performance, I realize that outliers are the only things which really matter. Recently, the CTO of Microsoft explained in […]
‘What’s vacuum?’ When my daughter asked this simple question, I struggled to give a coherent answer. Then I realized that vacuum is defined by the absence of matter. It struck me that in many instances the best way to describe something […]
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 […]
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 […]
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 […]
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