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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.”

Power 95
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Crack the Leadership Code

Skip Prichard

Daniel Kahneman. If you’re operating as a know-it-all, you have an underlying belief that that any new stuff really isn’t of much value. Here’s a shocking statistic: two-thirds of senior managers can’t name their firm’s top priorities! I recently spoke with him about his work. We’re blind to our blindness.

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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.

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Why New Leaders Should Be Wary of Quick Wins

Harvard Business Review

As soon as you step into a top position at a company that needs to significantly improve the way it operates, there’s pressure to get off to a quick start. Managers grumbled, and the CEO wasn’t as enthusiastic as he should have been, but Greg assumed these were consequences of the inevitable resistance to change.

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The Persistence of the Innovator's Dilemma

Harvard Business Review

As this argument holds, the short-term pressure of the capital markets, coupled with management incentives tied tightly to stock prices, make it hard for companies to investment in new growth businesses. The halo effect leads companies to assuming their best operators can seamlessly shift into innovation work. Any other ideas? *

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Better Ways of Thinking About Risks

Harvard Business Review

As detailed in Daniel Kahneman's best-selling book, Thinking, Fast and Slow , it is only human to misjudge how much we know — and how much others know. It includes decision analysis, game theory, and operations research. Only such evaluation allows leaders need to know if their experts are overconfident or underconfident.

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Life is Luck — Here’s How to Plan a Career Around It

Harvard Business Review

Daniel Kahneman has claimed the following as his favorite equation: Success = talent + luck. Kahneman’s implication is that the difference between moderate and great success is mostly luck, not skill. Create portfolios – When operating in high-uncertainty environments, look for opportunities to diversify.

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