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Posts Tagged ‘Decision-making’

Paul Krugman’s NY Times article, Easy Useless Economics, brings to light a very important principle for problem solving—make sure you have identified the problem so you’re not wasting energy solving symptoms.   Perhaps a simple example will help explain.  Consider that the computer screen remains black when you press the on-button.  What do you do?  [...]

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To hear the talk of these days it would seem that to the business minded, costs are to be cut to the bone if not avoided altogether.  So let’s consider what different minded leaders might do in regards to costs.

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Many people—probably with the exclusion of politicians—have come to believe data based decision-making is the way to effective action. In the words of Lord Kelvin, “to measure is to know” and so if our decisions and actions are to be directed by knowledge—not just by what we believe—then we must base them on data.  While [...]

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In an article on Harvard Business Review Blog, titled U.S. Companies Versus the U.S. Economy, Thomas Kochan (of MIT Sloan School of Management) argues the disconnect between U.S. companies and the U.S. economy is the result of market failure.  While the management of each business corporation makes decisions believing the unit of survival is the [...]

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Robert Galford’s HBR Blog Network article, “How to keep your cool during a performance review” suggest there is a widespread abhorrence and likely fear of the annual performance review.  To make what is often a not-so-good experience better Robert offers four tactics: relax; prepare yourself to hear one or more unexpected ‘somethings’; if you don’t [...]

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Is the system broken?  No, not at all!  It is fixed just as desired.   Our economic system has no (explicit) concern for ‘we’ in its design, it is all about ‘me’ getting what I can for ‘myself’—it is best labeled an egoistic economic system.  The pursuit of material self-interest is the guiding principle for [...]

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Ever wonder why so many of the top executives of corporations are similar in character? Why is it that many accept a huge compensation package while at the same time communicate that it is necessary to cast off many people for the sake of competitiveness? Why is it that many CEO’s seem disconnected from the [...]

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The fact that Wall Street and other corporate executives are not only allowed but helped in gaining so much from the general public while they generally thumb their nose at the general public is not the problem, though it is symptomatic of a serious problem.  The fact that more and more people continue to lose [...]

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With political advertising being less factual and accurate and more disparaging to opponents, what we have is tantamount to a boxing match absent of a referee and rules. The equivalent of a bar fight where everything is a weapon and head butting and kicks to the groin are accepted (and even expected).   An informed citizenry [...]

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There seems to be a debate over the use of standardized test results for accountability as the way to improve student achievement, and thus our education system.  Effectually, this debate is turning attention away from understanding the concrete educational experience toward the abstract measures.  No wonder teachers and children have to be incentivized to respectively [...]

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