A New Way of Thinking

In 1949 Saab Motor Company changed the way automobile designers thought about cars. It was at that time that their engineers began to think about the safety from a “big picture perspective” and their Saab 92 was the first car built with a full body safety cage modeled after how airplanes were constructed. For sure, safety was on engineer’s minds before and after then, but incremental improvements that included such items as padded dashboards, safety glass and head rests didn’t...

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Out of the Shadows

A weekend trip to New York City had us staying at hotel within sight of the World Trade Center. A walk over to that hallowed grounds brought me for the third time face to face with the 9/11 Memorial Pools and our collective memory of that tragic day. The modern day resilience movement began that evening. How have we done from a resilience perspective over these past 16 years? From an economic point of view (we are staying in the...

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Overconfidence or Optimism?

An article in this past weekend’s Wall Street Journal pointed out that most recreational golfers are overconfident of their abilities. The research, based on studies of over 6 million tracked golf shots indicated that most of these players overestimate their ability (not me of course). Specifically, the investigators found that if a golfer needs to hit a shot 150 yards to reach a green, he or she will select a club that requires them to hit the shot perfectly to...

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How Much Risk Can You Handle?

Managing risk is critical to business and personal success. We saw it in how Wells Fargo’s business practices resulted in fines and loss of customers. Fox News has seen its franchise diminish because it failed to consider the impact of not addressing sexual harassment in the workplace. Hospitals, insurers and providers are in a state of panic thinking about another major change in health care models. Risk tolerance is not just for business, however. It is also for individuals. Our...

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