Take a look at this e-bulletin from today’s Wall Street Journal (February 25, 2011):“LONDON--The U.K. economy shrank by more than initially thought in the fourth quarter of 2010, shedding new doubt on the economic recovery and pushing back expectations of an increase in Bank of England interest rates.”OK, you’re probably wondering: so what, Dan? Granted, it’s not a big deal. But there’s something … [Read more...]
A Different 80-20
February 25, 2011 by
Have you heard of the “80-20 rule?” It’s the thought that in any given situation, you’ll be able to gather about 80% of the information you need to make a decision. The remaining 20% is gut-feel, instinct, and whatever label you put on it. The point is that you can’t expect to know everything you need to know. You’ll have to accept a measure of the unknown in making a decision. I like the 80-20 … [Read more...]
No-Turning-Back
February 4, 2011 by
In customizing my module on leadership in the 1721 smallpox epidemic in Boston, I came across a point that resonates ever deeply with me the more I think about it. It is this--there are some changes in direction so profound that they constitute a no-turning-back moment. You are presented with a situation and one particular choice you can make will certainly mean there is no turning back. Other … [Read more...]
