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The Surprising Power of Business Experiments

Skip Prichard

Daniel Kahneman. And, as anyone who closely follows simulation and prototyping tools knows, their use has become pervasive in manufacturing businesses, even though companies still grapple with the integration and management issues I wrote about in 2003. We are too willing to reject the belief that much of what we see in life is random.”

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Crack the Leadership Code

Skip Prichard

Daniel Kahneman. If you’re willing to make these investments, you’ll be rewarded on the back end in dividends of engagement, commitment, and loyalty. With this increased influence, you’ll reap the benefits of increased commitment and loyalty. If you get these right, you’ll build loyalty and commitment. John Steinbeck.

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Can Being Overconfident Make You a Better Leader?

Harvard Business Review

” Apple went on to secure massive commitments from AT&T’s suppliers, who spent hundreds of millions to build factories for iPhone-specific parts. Daniel Kahneman, the 2002 Nobel prize laureate and psychologist, has said that if he had a magic wand, he’d eliminate it. You were betting on Steve Jobs.”

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How to Minimize Your Biases When Making Decisions

Harvard Business Review

Every day, senior managers are tasked with making very significant strategic decisions for their companies, which usually require support by teams of internal and external experts and a heavy dose of research. Redefine the problem from here on out and ignore the old problem to avoid escalation of unnecessary commitment.

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What I Didn’t Know About Becoming a CEO

Harvard Business Review

That doesn’t mean I was a novice in promoting an idea; as a young analyst at Fidelity Investments, I needed to convince the managers of the large mutual funds to buy my stock ideas. And yet from the minute we received our SEC approval to manage clients’ assets, I became our chief salesperson. That made a huge impact on me.

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A Checklist for Making Faster, Better Decisions

Harvard Business Review

Managers make about three billion decisions each year, and almost all of them can be made better. The stakes for doing so are real: decisions are the most powerful tool managers have for getting things done. For comparison, goal-setting best practices helped managers achieve expected results only 30% of the time.)

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Why Western Digital Firms Have Failed in China

Harvard Business Review

“Death by a Thousand Cuts” Based on a comprehensive five-year study, my new research paper, published in the Academy of Management Discoveries this year, systematically identifies the reasons behind the failures of major Western digital firms in China. poor management of relations with Chinese regulators and the government.