In highly uncertain scenarios, studying past success isn’t a reliable way to predict future success. Stock prices are generally unpredictable. So you might be inclined to comb through historic data to identify trends. Say you look at data from the past 10 years. If you look at enough possible scenarios, I’m sure some crazy trend …
To a buyer, the list price shouldn’t matter. Whether it’s a house, a piece of furniture, or anything else with a flexible price (which turns out to be most things); the sticker price is arbitrary. It’s the price the seller throws out as an anchor to frame the conversation. But that shouldn’t really affect the …
The essence of strategy is choosing what not to do Michael Porter -Brandon
Teaching moments feel like a time to lecture. To point out how poorly things went and to stand on our soapbox. But there’s a more effective way. Rather than diving right into the lecture, start with a simple question – “How do you think that went?” More often than not, we already know when we’ve …
This is the 277th blog post I’ve written. When I started, I was concerned that I might run out of things to say. I don’t tend to talk much or care to share my opinions, so it seemed like the pool of potential article ideas was limited. But as I got used to writing, and …
Letting the other side go first in a negotiation is dangerous. If you’re vulnerable. The main concern is that this gives the other party an opportunity to frame the discussion. We’re used to haggling – “The price is $100…I’ll give you $50…Ok let’s settle at $75.” In these situations, going second is a handicap. But …
There are two main topics consuming most of the R&D budgets in the automotive industry: Assisted, and ultimately automated, driving Reduction of energy consumption and pollution The first item is viewed as an electrical problem. Cameras, radar, and lidar sensors are combined to provide the inputs vehicles need to make informed decisions about the future. …
What power would hell have if those imprisoned [t]here would not be able to dream of heaven? Neil Gaiman, Preludes & Nocturnes -Brandon
A musician can play all the right notes, and still sound terrible. Just like a basketball player can perform several good moves in a row yet still end up with a negative result. The ability of your crossover or jump shot doesn’t mean anything by itself. It only matters if you’re able to effectively use …
People disagree all the time. There’s nothing wrong with this. Actually, disagreement can be a good sign that we’re spending time with people who question us and help us to grow. The true benefit, however, is almost entirely dependent on the way in which the disagreement is handled. Scroll through your choice of social media …