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Serial Innovators: A book review by Bob Morris

First Friday Book Synopsis

Serial Innovators: Firms That Change the World Claudio Feser John Wiley & Sons (2012) How and why continuous innovation and adaptation can help an organization “live” longer What we have here is a “hybrid” narrative that develops on two separate but interdependent levels: a fictional account that focuses on Carl Berger (CEO of American Health [.]. (..)

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12 Reads for 2012

LDRLB

In that spirit, we’ve compiled 12 books we feel every leader or aspiring leader should commit to read, or re-read in 2012. Do not let 2012 pass without reading this book. Thinking Fast and Slow by Daniel Kahneman. The new year is a great time to reflect and set goals to best leverage the clean slate we all share.

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Research: Could Machine Learning Help Companies Select Better Board Directors?

Harvard Business Review

We used a machine learning method called gradient boosting , and then evaluated the results using a separate test dataset of directors who joined firms between 2012 to 2014 who the algorithm did not observe during this “training period.” corporations between 2000 and 2011.

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The F-35 and the Tradeoff Fallacy

Harvard Business Review

First developed by Danny Kahneman and Amos Tversky in 1979, the planning fallacy simply states that people will consistently underestimate how long a task will take even when they have experience with similar tasks taking longer than expected. Then there's the testing. This is a terrific example the planning fallacy at work.

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The Business Lessons of the Belmont Stakes

Harvard Business Review

I'll Have Another will try to enter the pantheon of horseracing by winning the Belmont Stakes , the final leg of the Triple Crown, on Saturday night (June 9, 2012). Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky.

Beyer 14
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The End of Economists' Imperialism

Harvard Business Review

Two years later, in 2002, the co-leader of that invasion, Princeton psychology professor Daniel Kahneman, won an economics Nobel (the other co-leader, Amos Tversky, had died in 1996). Lazear acknowledged one such indicator in his article — the invasion of economics by psychological teachings about cognitive bias.

Tversky 11
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The Business Lessons of the Belmont Stakes

Harvard Business Review

I'll Have Another will try to enter the pantheon of horseracing by winning the Belmont Stakes , the final leg of the Triple Crown, on Saturday night (June 9, 2012). Daniel Kahneman , a renowned psychologist who won the Nobel Prize in economics, developed this concept in the 1970s along with his collaborator, Amos Tversky.

Beyer 10