Solving problems in many cases requires a significant change of perspective. Drawing inspiration from the x, y and z axes of the Cartesian coordinate system, which provide an infinite number of ways of conceptualizing points in space, this article discusses three problem solving perspectives that can be useful in reconceptualizing challenges and identifying solutions: vertical […]
Given the reactive nature of the human mind and the power of our emotions, many people when confronted with an event have a strong tendency to leap into action. While immediate responses are sometimes necessary to take advantage of opportunities and defend against threats, there are often many strategic and practical benefits to waiting before […]
The attraction of symmetry has long had a powerful impact on what we see and what we wish to see in the world and in the heavens, affecting everything from the sciences to mathematics to the arts. Despite its allure, attempts to impose symmetry on inherently asymmetrical realities can severely distort truth and create significant […]
Risks are often thought of as largely compartmentalized, independent threats to business strategies and initiatives. While this viewpoint makes risks easier to categorize in the abstract, out on the streets of reality risks are often highly dependent, with the materialization of one risk setting in motion other seemingly unrelated risks. Risk interdependence leads not only […]
An important component of business and human progress is framing and acting on the lessons that are drawn from experience. While every approach to interpreting experience has its own strengths and weaknesses, I believe that the best approach is a process of structured reflection where we do not merely react to information based on intellectual […]
Does work involve the destruction of the human spirit or an opportunity to ennoble it? A classic view of work as a simple exchange of time for money does not reflect the ability of the workplace to become a forum for the practice of not only the art of what we do but the essence […]
Recent stock market volatility, and the damage that volatility has caused, raises a key question: Is financial liquidity always a good thing? In highly interconnected financial markets where events and even inaccurate perceptions of risk can destroy real economic value, liquidity should best be viewed by policymakers and investors as having both negative as well […]
A business plan is an organizational roadmap to take a company from where it is today up the often steep mountain to a distant corporate goal. This roadmap, with its vision of the future, milestones and measurements of success, is a vital part of corporate strategy execution. A good business plan has many elements, including […]
Part 1 of this article looked at general biases in decision-making, Part 2 set forth biases that can affect perceptions of market and investment dynamics and Part 3 discussed biases that can be found in the process of investment selection and valuation. This final Part 4 of the article will discuss ways to reduce investment […]
Part 1 of this article identified general biases in decision-making and Part 2 set forth biases that can affect investors’ perceptions of market and investment dynamics. This Part 3 of the article will discuss biases that can be found in the process of investment selection and valuation. Investment Selection ● Market Point of View Bias. […]
