What has been your greatest regret in Business?
That I didn’t really get to know and accept my strengths and weaknesses earlier.
What is your number one tip for managing people?
Fairness and balance, which must not be confused with compromise.
From BRW, April 15-21, 2010, p. 10.
Watch this great advertisement staffed by employees of Geico. Warren Buffet, whose companey fully owns Geico, participates in the ad to demonstrate that he is one the many co-workers. It is funny to see the 80-year-old billionaire impersonate Axl Rose.
As the director of the Strategic Management Year, I led of team of faculty to redesign the year-long program. We added many new features (live case studies, book reviews, learning diaries, self-refelection papers, peer coaching, peer evaluations, rewriting of strategy paper) and organized the year around the fundamental problems that a general manager and entrepreneur faces:
1. How do I detect and select business opportunities?
2. How do I develop business opportunities?
3. How do I grow a business?
4. How do I transform a business?
In this short video, I describe the changes that we have made. Click on “More” to see a more detailed picture overview of all program.
It is hard to forsee the future as the recent episode with Apple's application store demonstrates. The NY Times reports: The App Store’s success — as much a surprise to Apple as it has been to competitors — has given rise to a new digital ecosystem. Today, hundreds of software aspirants, from individuals tinkering in… More »
Figure 1 from the ETH Strategy Report: Knowledge is the main engine of economic growth. A strong correlation can be observed between the Knowledge Economy Index (KEI) and GDP per capita. The KEI is calculated by the World Bank and is based on the four pillars of the Knowledge Economy framework: 1. An economic and institutional regime to provide incentives for the efficient use of existing and new knowledge and the flourishing of entrepreneurship; 2. An
educated and skilled population to create, share, and use knowledge well. Click on More to see a powerful picture.
The Economist has a wonderful new column called Schumpeter. The October 22 issue revists the shortcomings of management gurus that I highlight in my classes. The Sepember 24 column encourages business schools to teach people to be more sceptical. The three habits...of highly irritating management gurus Business schools have done too little to reform themselves… More »
Tetlock does us the service of giving a close reading of three books that what to overcome the obstacle that Yogi Berra identified in his qib: "Prediction is very hard, especially about the future.” The Fat Tail: The Power of Political Knowledge for Strategic Investing by Ian Bremmer and Preston Keat. The Predictioneer's Game: Using… More »
The jury is still out. But read this interesting exchange on NYTimes.com. Rember that just because on average women may be different than men, this does not mean that it is true for the person in front of you. Susan Pinker: Whether we’re talking about mentoring, managing or office politics, the research is clear: “Men… More »
John Lanchester reviews three books on the origins of the financial crisis and its lessons in the New Yorker. Two of them are useful for the general reader. Gillian Tett, “Fool’s Gold” (Free Press) Richard A. Posner, “A Failure of Capitalism” (Harvard) I personally personally found Fools Gold the most rewarding of all the books… More »
Chief executive, Meyer (Australia) What is your number-one tip for managing people? You never get in trouble for over-communicating with them. What is your number-one tip for managing a business? Give the team more responsibility than they expect and measure everything in the business that can be measured. A lesson you have never forgotten? How… More »
