The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems and challenges that face a business every day. The …
The Coming Dominance Of Small Business.
Anyone can create value with anyone else from anywhere: value is freely created. That’s the new feature of the emerging digital age of business. Digital technologies have been around for a while, but …
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156. Yousif Almoayyed: How Austrian Economics Helps Me Make Best Use of All My Business Knowledge
Business success is a function of knowledge — the right knowledge at the right time applied in the right way. But knowledge is always scarce and incomplete and sometimes wrong. It is best to regard …
Creativity Is Protest.
Where does creativity come from? Ex nihilo - from nothing. Neurons in your brain somehow reassemble themselves into a new pattern, following a new path to a different arrangement. You recognize the …
155. Bart Vanderhaegen on Flow: Transcending Organizational Barriers to Progress
We all seek progress: at the individual level, the team level, and the company level. Flow is the term for the experience that we feel when we are making progress on challenging …
Customers Are Your Firm’s Capital. Invest In Them.
In a book titled "Who Do You Want Your Customers To Become?", Michael Schrage identifies customers as a firm's human capital. The purpose of a firm, in his construct, is to design future customers: to …
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