The Internet and mobile communication technologies have brought about major changes in company organizational structures and operating realities. The changing nature of work and economic conditions in the Digital Age provide a great challenge and opportunity to completely rethink traditional corporate roles and relationships. When the Scottish-American engineer Daniel McCallum set forth corporate roles in […]
In a world with so many constant distractions, it is extremely challenging to fully focus on a single task. In kyudo, the art of traditional Japanese archery, a major goal is achieving such a state of complete focus that it is essentially impossible to miss the target. Lessons from this ancient art form are applicable […]
Does storytelling have a role to play in financial and economic analysis? Many approaches to forecasting either narrowly assume that the future will simply be a repetition of past events or are based on a biased view of how the future will unfold. Scenario analysis helps business decision makers plan strategy by imagining and presenting […]
When many people of think of the concept of innovation they think of dramatic, transformative changes in the way things are imagined or done. While large jumps in how things work attract a great deal of attention, the bulk of innovation generally involves making very small improvements to designs, processes and routine tasks that are […]
How would Socrates run a Fortune 500 company? While philosophy is not generally viewed as a business tool, in fact the rigorous application of philosophical approaches, such as the Socratic Method, can be of great use in improving business decision-making. Theaetetus, I have the heard the view at times that philosophy and business are fundamentally […]
Regardless of what profession we are engaged in, all of our work can be divided into discrete, concrete tasks. For a salesman, that might involve deeply studying a product’s features, identifying potential customers and making sales presentations; for an actor, that might involve taking voice lessons, studying acting methods and memorizing scripts. How well these […]
Business success depends on good decisions and effective leadership requires awareness of the many factors that can lead to poor choices. While there is no magic formula for making right decisions, one way to improve them is to surround ourselves with able advisors who are not afraid to point out when we are wrong. The […]
A large part of risk management involves trying to reduce or eliminate the negative impact of possible future events. This blog post discusses ways to manage risk under conditions of uncertainty. In Plato’s socratic dialogue Meno, Socrates sets forth what has become known as Meno’s Paradox. This paradox states that it is not possible for […]