When previously discussing Risk Management I already mentioned that the possibility of being biased while making a critical decision or engaging in important activity is a risk in its own right, that should be managed along with other risks. What are the peculiarities of managing your biases as risks in regard to what we know about the known types of Risk Responses in Management? Continue reading
When I’m asked to provide consulting services not inside our familiar corporate environment, but to small businesses and start-ups, I frequently find myself in a somewhat awkward position. You see, many business owners do not see themselves as managers.
As many people who start their businesses today have actually left the corporate environment to seek independence, it seems that severing all ties with their previous life is more important to them than the success of their business. Continue reading
There are few people on the market today who don’t understand the importance of basing your decisions on solid data. Big Data and methods of its management and utilization are the talk of the town. Companies are building complex “client models” based on statistical analysis of client profiles; recruiters systematically analyze their pools of specialists in order to provide the best possible match for every position; and presentations during corporate meetings are full with tables and graphs.
However, does this make our decisions any better? Continue reading
It sometimes amazes me how much energy, time and resources are being wasted on unnecessary conflicts. Projects are delayed because the stakeholders are not speaking to one another, e-mails are left unanswered because “how dare they?!”, critical information is withheld in a vain hope to reach some relative advantage, but in the end – everyone loses when company begins to lay-off people it cannot employ anymore. So today I’d like to talk about how we deal with conflicts and about the pitfalls that are awaiting us in this complex task. Continue reading
I’ve already mentioned how Planning in Management is influenced by concepts devised in the Military. It’s natural, therefore, that today we usually divide Planning into three analytical levels with a strong military flavor: Operational, Tactical and Strategic (a clear example of a classical proverb that in the Military everything consists of three parts :-)). Continue reading
Following post “Craftsman, Scientist or Artist – who are you? Three approaches to Expertise”
“You presented a very interesting approach to Expertise in defining the Craftsman, the Scientist and the Artist types, however I cannot say I entirely agree with these strict constraints. I consider myself a highly qualified craftsman: with so many years of expertise in my domain I have clearly mastered all the critical tools and techniques. Does that mean I cannot be a Scientist discovering new approaches or an Artist who brings his soul into everything he does?” Continue reading
I’m completely sure that everyone reading this article had a following frustrating experience at least once in their life: during an argument you present the other side with all the possible rational pros and cons of your respective positions, and your own position appears much more advantageous. However the other side doesn’t seem to care about you being objectively right, keeping on saying that “It still doesn’t feel right!” Continue reading
In my post on Risk Awareness I promised to provide you with a comprehensive model for managing your risks, so here I am, fulfilling my promise 🙂
Successful managing of risks is based on their proper assessment, because the main decisions you’ll be making here would mostly be about dedicating resources for dealing with the risks. Knowing to assess the risks correctly will help you prioritize the investment of resources for each and every one of them. The model will help you Continue reading
Living in an uncertain world makes proper Risk Management critical for survival. In our age of frequent natural and man-made disasters, volatile markets and economic meltdowns, recognizing and targeting of possible risks is of Manager’s highest priorities. Continue reading
Following post: “Why do you need long-term goals”.
“I have a problem with having too much emphasis on the long-term. When people concentrate on the general vision they tend to forget “small”, but important things like legal aspects, marketing, funding, etc. that can potentially prevent their “great vision” from coming into reality. How do you solve this contradiction?” Continue reading
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