How to Unleash Possibility in 2015

Management Craft

The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results). Within chaos hides possibility…. Here’s the thing – and one reason why I find chaos so interesting - we don’t know which flaps matter.

How to Unleash Possibility in 2015

Management Craft

The butterfly effect is a popularized interpretation of one of the key elements of chaos theory and has its roots in something that mathematicians refer to as “extreme sensitivity to initial conditions” (small and seemingly insignificant changes at the start of a process can produce wildly different and practically unpredictable results). Within chaos hides possibility…. Here’s the thing – and one reason why I find chaos so interesting - we don’t know which flaps matter.

Is Economics Ready for a New Model?

Harvard Business Review

Economic theories based on rational behavior have been called into doubt by recent events. If you want to learn about the subject, in fact, Hector's article is probably better — it's clearer in its descriptions of the relevant theories. and Europe, though (and Japan's long struggles were seen as the product of peculiarly Japanese economic traits). But does that mean their theories and their way of going about their work are about to undergo wholesale change?