Paradox of Progress

Paradox of Progress “There is a familiar story of a New York banker vacationing in Greece, who, from talking to a fisherman and scrutinizing the fisherman’s business, comes up for a scheme to help the fisherman make it a big business. The fisherman asked him what the benefits were; the banker answered that he [...]

By | December 9th, 2019|Categories: Lessons Learned, Management|Tags: , |0 Comments

Overconfidence

Overconfidence Daniel Kahneman, a Nobel Prize winning behavioral economist, said that if he could eliminate only one human psychological bias, it would be overconfidence. In one study of American drivers, 93% claimed to be better than the median. Obviously only 50% can be better than the median. How can you deal with this all [...]

By | December 6th, 2019|Categories: Lessons Learned, Management|Tags: , , |0 Comments

Cognitive Dissonance

Cognitive Dissonance Cognitive dissonance can be seen at least as far back as Aesop’s fables. It occurs when our actions conflict with our beliefs, causing dissonance that we then seek to resolve. The resolution of the dissonance must come about by changing beliefs, changing actions, or changing our perception of our actions. Changing our perception [...]

Unsaid Brutal Facts

Unsaid Brutal Facts "The most important thing in communication is hearing what isn't said." -Peter Drucker Leaders know communication is what the other person hears, not what they say. Good leaders know that listening is learning. Drucker makes the powerful point that to be a great leader, we must determine that which is unsaid. That [...]

By | September 21st, 2018|Categories: Lessons Learned, Management|Tags: , , , , , |0 Comments

The Power of Why

The Power of Why "If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply" -Charlie Munger Asking why repeatedly until you get to the root cause of a problem is a powerful tool from the Toyota Management System. Explaining why is a powerful [...]

By | September 19th, 2018|Categories: Competitive Advantage, Lessons Learned, Management, Process|Tags: , , , , |0 Comments

Here’s What’s Better Than A Punch In The Mouth

Here's What's Better Than A Punch In The Mouth Our vision and goals are clear to us when we launch a new business, product, or adventure. We set out in that direction with great enthusiasm taking one step at a time looking at what is immediately in front of us. How often do we look [...]

By | April 26th, 2018|Categories: Decision Making, Lessons Learned|Tags: , , , |0 Comments

Luck

Luck When we talk about luck, be it good or bad, we are usually looking at past events. You can’t change the past, but you can learn from it. Recognize that the future is uncertain and often random. As events unfold do not dwell on your good or bad luck. Know where you want to [...]

“2+2=5” or How To Combine Efficiency And Effectiveness

"2+2=5" or How To Combine Efficiency And Effectiveness A member of my CEO Focus peer group mentioned a conference session that he has found very useful on a day to day basis in his business. When he mentioned it, I recalled a podcast I had listened to that was an interview of the same person. [...]

By | April 21st, 2018|Categories: Lessons Learned, Productivity|Tags: , , , |0 Comments

Make Mistakes, Just Not Stupid Ones

Make Mistakes, Just Not Stupid Ones “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” -Charlie Munger More great advice from Charlie Munger, HOWEVER…not being stupid is NOT the same as not making mistakes. Fear of making mistakes [...]

By | April 11th, 2018|Categories: Lessons Learned|Tags: , , |0 Comments

What Do Tim Tebow, Le’Veon Bell And John Boyd Have In Common?

What Do Tim Tebow, Le’Veon Bell And John Boyd Have In Common? Tim Tebow took the Denver Broncos to the playoffs in 2011. He took over the quarterback job after a 1-3 start under another quarterback and took the team to a win in the first round of the playoffs. Tebow never got another start [...]