Uncertainty can drive opportunity. Uncertainty can also drive you mad and destroy your company. Bummer. Bill Welter (Adaptive Strategies), Kay Plantes (Plantes Company) and I have been discussing how the uncertainty caused by stronger, less predictable and more frequent disruptions can be as large a source of opportunity as it is a threat. We’ve been [...]
Posts Tagged ‘Managing_Risk’
Ways To Kill Business Innovation Through Analysis
Want to kill a good innovative idea? Analyze it in some obviously logical yet inappropriate way. It would be murder but you are unlikely to get caught. When thinking about this I always remember an old accounting example where we try to help the owner of a diner decide if it would be a good [...]
Executive Compensation And Unemployment | Mark Cuban’s Proposition
As this month’s unemployment figures were breaking (8.5%), Mark Cuban weighed in on fixing executive compensation. The ideas are related. As the discussion on executive pay continues, my message is simple. Give credit to those executives who bust their asses to avoid layoffs except in cases where its an absolute necessity. Pay ‘em a premium vs [...]
“Catering To Past Patterns of Power”
What a great way to sum up one of the key roadblocks to successful innovation. I heard this term used by Robert Johnson while speaking with Bill Moyers about fixing the international banking crisis. (Johnson is currently serving on the U.N. Commission recommending reforms for the international monetary and financial system.) It was a warning, a [...]
Successful Failure – Creating The Next Platform
If you haven’t been part of a major failure in your career then you’re not trying hard enough. As a Scoutmaster I’ve seen adults and children learn faster and more efficiently from their mistakes than from their successes. “Well I won’t do it that way again,” holds a lot more weight than “Aren’t I clever.” [...]
