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Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

Many years later, French mathematician Pierre-Simon Laplace developed Bayes’s idea into a powerful theory, which we now know as the Bayes Theorem. Bayes is relevant to modern leaders because it can help them develop an approach to uncertainty that is less deterministic and more probabilistic. Here is a simple explanation of it.

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7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business Review

Each firm needs to select or develop its own, appropriate to its functions and products. The pharmaceutical manufacturer Allergan, for example, tracks “good observations, ” reports that include near misses, unsafe conditions, or suggestions for reducing risk. Welcome a regulator as a “cheap consultant.”