|
The Economist - related
articles
|
History of Previous European Currency Unions The Euro feels like a novelty - but it is not. It was preceded by quite a few Monetary Unions in Europe and outside it. To start with, countries such as the USA and the USSR are (or were in the lat... Economic Outlook: Cause and Effect Very often, economists and analysts lose track of the difference between cause and effect. Their analysis methods today measure events that tend to happen in concert (correlation), but miss any kind of reasoning about which event leads to the other (causation). The result is a foggy analysis which has little predictive value, but can always say ?I told you so? when it?s too late. And, as any engineer will tell you, ?correlation does not imply causation?. Innovation Management ? Flexibility From the above it follows that there are an enormous number of ideas that require analysis and that many ideas will require different strategies, competencies and resources to implement successfully. Thus, for a firm to innovate a number of projects, the solution is either to: Ignore "Talking Heads" This article explains to the novice and experienced investor alike that most analyst ?talking heads? on TV, radio and print don?t know what they are talking about. Listen to the market, it will always tell the correct story without bias. Creative and Innovative Culture, Change Management ? Three Easy Tests Creativity can be defined as problem identification and idea generation and innovation can be defined as idea selection, development and commercialisation. From this simple definition, it is clear that certain cultural characteristics ought to be prevalent if creativity and innovation are to be maximised. And maximisation of these ought to be a priority for senior leaders, as those organisations that take them seriously, tend to be leaders in their field, tend to maintain their leadership position longer and are quicker to bounce back when competitors leap frog. Utilizing the 80/20 Rule The key to being productive while maintaining your sanity is not to get absolutely everything done, but rather to make sure that the most important things are getting done. The 80/20 rule is wonderful guide to make sure you are doing just that. High Tension for the Buyer and Seller of Real Estate Can Be Reduced Tensions can run high in both the selling and buying of real estate. After all, there is a lot of money and emotion involved! There are also time pressures and numerous privacy issues to deal with. The sale and purchase of real estate can be a lengthy process involving numerous professionals from many fields. Your Company Needs A Mission Statement; Make It Count Some advice from an entrepreneur on how to develop a Mission and Vision Statement for your company. Are you really Built to Last or just built to merge? Innovation Management ? idea selection, development and commercialisation, what are the differences? Innovation Management ? idea selection, development and commercialisation, what are the differences? Entrepreneurial Ongoing Education Advice I would like to give some advice to all the up and coming entrepreneurs; if you really want to be a superstar not only do you have to work harder and smarter than the competition, but you must always keep learning. This is a list I hand out to MBA and Entrepreneurial Students when I give speeches. It is a list of recommended book, biography, audio tapes, and movies. |
