Blog
Don’t be a gambler, be a casino
Few things make eyes glaze over like the words “risk management.” Quantifying and managing risk sounds boring… but a surprising number of people do it for fun. Risk management is
Business intuition’s blind spot
I saw this YouTube clip explaining why it can seem as if good-looking people are jerks, and why it seems like healthy food always tastes bad. It made me realize
Push or Pull? …but only if the answer is Push
One of the biggest squabbles in corporate strategy is the “Push vs Pull” debate. Is it better to push technology into the market (‘build it and they will come’) or
The Democratization of Math
Historically speaking, why haven’t companies used statistics to manage their innovation portfolios? I’ve had this question a lot lately. It’s a great question. Innovation is one of the most risky
The Low-Down on Down Under: Australia
Why Australia? I’ve had this question a lot since my decision to relocate to Brisbane. Apart from sunshine, koalas and barbecue, what’s the draw? I’d be lying if I said
Start Small, Finish Big
I can’t tell you how many times I’ve heard venture capitalists and executives insist new businesses should target big markets. They also love chasing “hot” markets that are en vogue. There was the
Forgetful Elephants
They say elephants never forget. In addition to describing big, lumbering animals, the word “elephant” can also be a nickname for big, lumbering companies (ex. IBM, GE, Walmart). However unlike
Overconfidence, bad models and delusion
How bad can a predictive model be before people abandon it? Intuitively, most people assume a model or decision process has to be right at least 51% of the time.