As Seth Godin says in a recent blog, “the next big idea” does not have to be fully original or have no competition. Actually, ideas and innovation often build upon each other. As Godin notes, “Henry Ford didn’t invent the car, and there were plenty of social networks before the dominance of Facebook. Madam CJ […]
No, not the delicious edible kind, but doughnut economics. The Doughnut, or Doughnut economics, is a visual framework to illustrate sustainable development. The doughnut shape combines the concept of planetary boundaries with the complementary concept of social boundaries. The name derives from the shape of a diagram, i.e., a disc with a hole in the middle. The center hole of the model […]
Seth Godin’s recent blog, “Rigor vs Rigid” draws a distinction between two words that share the same Latin root. They began as Latin terms for stiff and unyielding, but Godin says they “sound the same but work in opposite directions.” In short, they’ve diverged: A rigid approach in life and work is easy to describe, […]
Playing chicken need not be aggressively competitive or even the best way to have productive chickens or a workplace. A better approach is to engender cooperation and contentment to breed the most productive hens. Professor William M. Muir, the evolutionary biologist at Purdue University, has focused his research on group behavior and measuring productivity. In […]
These days trust in our compatriots and in our institutions is what we need the most, but sadly, it seems like there is a lot less of it. One person who believed deeply in the value of trust, George Shultz, former Secretary of State and longtime government servant who died at age 101 in February […]
J&J, Merck collaborate on Covid-19 vaccine production.
Contracts should embrace a firm grasp of guiding principles as the foundation of business interactions.
The Depression-era economist and political scientist, Joseph Schumpeter (1883-1950), worried about the stagnation of capitalism and globalization long before globalization was a thing (and he wondered whether capitalism would even survive). The term “creative destruction” that Schumpeter championed was a way to describe a process in which the old ways of doing things are destroyed and […]
In one of his recent blogs, Seth Godin wrote about the interesting dynamics of tradeoffs, for instance, making a laptop more powerful will probably affect battery life and its weight. So, trade-offs can be a sort of magic if done right —or a double-edged sword, good for some, not so good for others. I submit that […]
In what seems like a strange message from a different era, a Harvard Business Review article in 2012 by Reed K. Holden, wrote about the games buyers play with vendors, and the fact that the relationship buyer “has been in steady decline.” Holden, the author of Negotiating with Backbone, contended that the relationship buyer was […]