Managing Uncertainty In Business

Managing Uncertainty In Business copy

“Real opportunities for profit only exist in the face of genuine uncertainty”                                                     — Risk, Uncertainty and Profit (1921) by Frank Knight In this famous book he talked about two types of uncertainty: Uncertainty Risk: In this case we know the potential otcomes as well as the odds of these outcomes in advance Genuine Uncertainty: […]

What It Takes To Stay Competitive

Jungle-Graphic

The image given below shows a 2×2 matrix with size on the y-axis and speed on the x-axis. Size can be represented as market share, revenue, or units sold. Speed is the speed of innovation of a company relative to the industry. When a company, product, or service is ahead of the competition, speed is […]

Growth At The Base Of The Pyramid

Stephen Mezias

Should multinational search for new growth opportunities in slums and rural villages? Could the poorest of the poor who live in the so-called Base of the Pyramid (BOP) hold the key? “We’re talking about four billion people living on less than US$100 a year,” says INSEAD Professor of Entrepreneurship and Family Enterprise Stephen Mezias . […]

Why Social LMS Is Better Than Classroom Tools

Social LMS Is Better Than Classroom Tools

“Learning Management System(LMS)  helps  knowledge management (informal or formal information).  It’s OK to admit that your business needs that – you are not alone”, Jeffrey Roth says while giving 5 Reasons Why Business Should Choose Social LMSs. A social LMS is a solution that integrates eLearning and collaboration tools into the traditional LMS functionality to […]

Design The Future of Learning

future of learning

  “Help me design the School in the Cloud, a learning lab in India, where children can explore and learn from each other — using resources and mentoring from the cloud.”  It is this wish of Sugata Mitra, the Educational Researcher, which won him accolades and made him the winner of the 2013 TED Prize. […]

Startups Need “Killer Instinct”, Not “Killing It”

JodySherman1965-2013

Popular culture continues to glamorize startups, often overlooking the harsh reality that 90 percent of them fail. There is so much fiction around start-ups, with successful one being celebrated, while losers get written off easily. Emotional travails of deciding what to build, how to build it, who to build it with, when, where, why, with […]

How To Pace, When To Pause And How Long To Persevere!!!

Is Creativity genetically encoded?  Can’t say Is Creativity magical ? Seems so… Since childhood, the itch has been there. Wanted to do something creative. However throughout my academic years, I was taught to develop left hemisphere of our brain, which is said to be more logical, analytical and objective. On the contrary I was completely […]

Personal Disruption With S-curve Mental Model

virtuous circle

In complex systems like a business (or a brain), cause and effect may not always be as clear as the relationship between the light switch and the light bulb. There are time-delayed and time-dependent relationships in which huge effort may yield little in the near-term, or in which high output today may be the result […]