BUSINESS AND HUMAN CHALLENGES – THINK. SOLVE. EXECUTE
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One of my favorite books is “Mountain beyond Mountains” by Tracy Kidder. With Haiti’s earthquake and human tragedy, let me share the quotes I captured from the book – There is a difference between managing wealth and managing health. Farmer denounced all ideologies, including his own, at least a little. “It’s an ology, after all,” [...]
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The flaw with the simplicity/complexity is that it gives the impression that it about making a binary choice – but simplicity and complexity are not polar opposites. In fact, making something “simpler” is often a case of relocating complexity, rather than eliminating it. For example, from the driver’s perspective, a manual-shift transmission is more complex [...]
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The belief in the power of economics of scale can be especially frustrating in markets that are highly volatile and difficult to forecast. Demand forecasts for a new product or a service can be off in the first couple of years after introduction. Product life cycles are shortening dramatically. The worst form of volatility occurs [...]
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