article thumbnail

Farsighted: How We Make the Decisions That Matter the Most

Leading Blog

The art of making farsighted decisions “with as much wisdom as possible lies not in forcing that map to match some existing template, but instead in developing the kind of keen vision required to see the situation as it truly is. And the best way to develop that vision is to get different pairs of eyes on the problem.”

article thumbnail

5 Characteristics of Digital Giants that Enable Domination

Skip Prichard

Meanwhile, digital transformation projects continue to provide incremental benefits; however, they are not prepared to compete against how digital giants are structured to be winners. This enables organizations to develop a competitive advantage. This enables competition and removes barriers to entry by lower switching costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Businesses Fail | N2Growth Blog

N2Growth Blog

Making sound decisions is a skill set that needs to be developed like any other. By developing a qualitative and quantitative filtering mechanism for your decisioning process you can make better decisions in a shorter period of time. What if the costs exceed projections, and the benefits fall short of projections?

Blog 396
article thumbnail

Followership : Blog | Executive Coaching | CO2 Partners

CO2

Effective followership plays such an important role in the development of future leadership skills that freshman at all the United States service academies (the Air Force Academy, West Point, Annapolis, and the Coast Guard and Merchant Marine Academies) spend their first year in formal follower roles.

article thumbnail

Business Resilience Comes from Working with Nature

Harvard Business Review

Using standard cost-benefit analysis, the study compared some natural solutions to more traditional infrastructure investments. In all of the completed corporate projects, the green option won out toe-to-toe on capital expenditures and operational expenditures.

CAPEX 10
article thumbnail

High Speed Rail Versus Austerity

Harvard Business Review

First, real estate developers respond by building new housing towers in close proximity to the new public transit stops. And while our work quantifies some of the spatial consequences of investing in high speed rail, we cannot claim to have conducted a cost/benefit analysis of such irreversible investments.

article thumbnail

How Freelancers Can Make Sure They Get Paid on Time

Harvard Business Review

Before you start working on an assignment, you need a contract that lays out the scope of the project , the payment terms, and enumerates the expectations for both sides. ” For small projects, an email chain will often suffice, but for longer engagements, “it is worth working with a lawyer,” says Pearce. .