The Psychology of Entrepreneurial Misjudgment, part 1: Biases 1-6
Charlie Munger is an 80-something billionaire who cofounded top-tier law firm Munger, Tolles & Olson and is Warren Buffett’s long-time partner and Vice-Chairman at Berkshire Hathaway, one of the most successful companies of all time.
Some people consider Mr. Munger to be an even more interesting thinker and writer than Mr. Buffett. Mr. Munger’s magnum opus speech is The Psychology of Human Misjudgment — an … [ Read more ]
Content: Article | Author: Marc Andreessen | Source: Pmarca | Subject: Organizational Behavior
John Kenneth Galbraith
Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everybody gets busy on the proof.
Content: Quotation | Author: John Kenneth Galbraith | Source: Leadership Advantage | Subjects: Change Management, Organizational Behavior, Personality / Behavior
Robert Rosen
I’ve observed that the best leaders are those who have mastered three key paradoxes: realistic optimism, constructive impatience and confident humility.
Content: Quotation | Author: Robert Rosen | Source: ChangeThis | Subjects: Leadership, Organizational Behavior, Personality / Behavior
George C. Marshall
Morale is the state of mind. It is steadfastness and courage and hope. It is confidence and zeal and loyalty…It is staying power, the spirit which endures to the end – the will to win. With it all things are possible, without it everything else…is for naught.
Content: Quotation | Author: George C. Marshall | Subjects: Leadership, Motivation, Organizational Behavior
Chapter 4: The Talent Powered Organization: From Talent Development to Deployment
Chapter 4 of The Talent Powered Organization turns the reader’s attention to talent development and talent deployment as key organizational capabilities of talent-powered organizations that support talent multiplication and competitiveness.
Accenture High Performance Business research shows that few companies are achieving high performance in learning and skills development of their workforces. Indeed, the nature of skills required by modern business is changing, and with it the … [ Read more ]
Content: Article | Authors: Elizabeth Craig, Peter Cheese, Robert J. Thomas | Source: Accenture | Subjects: Human Resources, Management, Organizational Behavior
Peter Drucker
Communication…always makes demands. It always demands that the recipient become somebody, do something, believe something. It always appeals to motivation.
Content: Quotation | Author: Peter F. Drucker | Subject: Communication
Finding Your Company’s Great Thinkers
If you get a little creative, you’ll uncover the inventive minds that are already in your midst. Just give them a chance to show themselves.
Content: Article | Authors: G. Michael Maddock, Raphael Louis Vitón | Source: BusinessWeek | Subjects: Innovation, Management, Organizational Behavior
Milton Friedman
A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
Content: Quotation | Author: Milton Friedman | Subjects: Economics, Politics
Emotional Stimuli Can Influence Financial Risk-Raking
Can a picture of a pretty woman actually boost sales for a car—or a motorcycle? According to a recent study, erotic images can stimulate a portion of the brain in heterosexual males that is associated with anticipation of reward.
Content: Article | Author: Brian Knutson | Source: Stanford University | Subjects: Advertising, Marketing / Sales, Organizational Behavior
New CEO, Old Team
You’ve just gotten the word. You are the new CEO—or maybe the word is that your offer to acquire another company has just been accepted. Whatever the source, you will now have a new bunch of executives reporting to you, and you know that your success will depend on them.
Right away, you have two tasks—you have to choose who your team will be, and you … [ Read more ]
Content: Article | Authors: Edward J. Coyne, Kevin P. Coyne, Shawn T. Coyne | Source: Chief Executive | Subjects: Leadership, Management, Organizational Behavior
Jim Collins
The best corporate leaders never point out the window to blame external conditions; they look in the mirror and say, “We are responsible for our results!” Those who take personal credit for good times but blame external events in bad times simply do not deserve to lead our institutions. No law of nature dictates that a great institution must inevitably fall, at least not within … [ Read more ]
Content: Quotation | Author: Jim Collins | Source: FORTUNE | Subjects: Accountability, Leadership, Management, Success / Failure
Managing the Human Animal
We have taken ourselves out of the Stone Age – but we cannot take the Stone Age out of ourselves. Time and time again managers and leaders have tried to eliminate hierarchies, internal politics, and interorganisational rivalry – but to no avail. Why? Evolutionary psychology would say that they are working against human nature – emotional and behavioral ‘hardwiring’ that is the legacy of our … [ Read more ]
Content: Book | Author: Nigel Nicholson | Subjects: Human Resources, Management, Organizational Behavior
Horacio Falcao
People tend to only look at national culture when they go into international negotiations—but there is also educational culture, race culture, gender culture, a religious culture. All of these also impact the way people behave and they are all “cross cultural,” which means that we’re underestimating the role of culture because we are only looking at the national one; but as negotiators, we need to … [ Read more ]
Content: Quotation | Author: Horacio Falcao | Source: INSEAD Knowledge | Subjects: Culture, International, Negotiation
Pondering the Ethics of Global Business
Ethical dilemmas such as selling scanners that can tell the sex of an unborn child or kerosene heaters without U.S.-required safety features were debated during a discussion on “Academic vs. Real World Ethics” led by Stanford Professor David Brady. View the full video.
Content: Multimedia Content | Author: David Brady | Source: Stanford University | Subject: Ethics
Frans de Waal
A chain of command beats democracy any time decisive action is needed.
Content: Quotation | Author: Frans de Waal | Source: Across the Board (ATB) | Subject: Organizational Behavior
No Harm, No Foul: The Outcome Bias in Ethical Judgments
Too often, workers are evaluated based on results rather than on the quality of the decision. Given that most consequential business decisions involve some uncertainty, the upshot is that organizations wind up rewarding luck rather than wisdom. From a rational decision-making perspective, people’s decisions should be evaluated based on the information the decision maker had available to him or her at the time, and not … [ Read more ]
Content: Article | Authors: Don A. Moore, Francesca Gino, Max H. Bazerman | Source: Harvard Business School (HBS) | Subjects: Ethics, Organizational Behavior
David Maister
An expert’s job is to be right — to solve the client’s problems through the application of technical and professional skill. The advisor behaves differently. Rather than being in the right, the advisor’s job is to be helpful, providing guidance, input, and counseling to the client’s own thought and decision-making processes. The client retains control and responsibility at all times; the advisor’s role is subordinate … [ Read more ]
Content: Quotation | Author: David Maister | Source: Across the Board (ATB) | Subjects: Consulting / Analytical Tools, Decision Making, Expertise
Nina DiSesa
When I talk about S&M, I’m talking about seduction and manipulation. The most successful people in business, warfare, politics, and life itself are masters of the art of manipulation. But it’s the combination of the two that is important, because people who are manipulators are seen as selfish and in the wrong. Manipulate is a dirty word, but if you combine it with seduction — … [ Read more ]
Content: Quotation | Author: Nina DiSesa | Source: Across the Board (ATB) | Subjects: Leadership, Organizational Behavior, Personality / Behavior, Power / Authority
The Dark Side of Optimism
Has positive thinking gone too far in corporate America? That may sound like a bizarre question: Optimism is widely seen as a virtue of American culture and key to success in business. Cultural norms and beliefs about good business practice increasingly stress looking at the sunny side and de-emphasizing the problematic.
But such overly positive thinking is difficult to reconcile with the need to make realistic, … [ Read more ]
Content: Article | Author: Susan Webber | Source: Across the Board (ATB) | Subject: Organizational Behavior
Denise Caruso
Cost-benefit analysis can be an effective tool to analyze simple, one-dimensional problems, such as whether to install dividers on dangerous stretches of highway, where relatively unambiguous data is in abundant supply and there is little controversy. It also is a good way to elucidate the trade-offs for a given policy or regulation, or to produce a summary statistic about its economic efficiency.
But the cost-benefit method … [ Read more ]
Content: Quotation | Author: Denise Caruso | Source: strategy+business | Subjects: Decision Making, Risk Management, Trends / Analysis
