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...talk about how winning strategies aren't transitive. What's the lesson for managers? One mistake managers make is they'll read a book that says: Here are the eight things great managers do. They figure if they just live up to those attributes then they'll succeed. Well, no. It's not the attributes that matter, it's the circumstances - what's going on around them. Almost all successful strategies are circumstance-based, not attribute-based. Boeing, for instance, a very smart company, had outsourced a lot of their products, but then they outsourced the design...
...just wrote an entire book about how smart people make bad decisions. Maybe you could shed some light on the financial meltdown. Increasingly, we as human beings create systems that are more complex than we can comprehend. If you're designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors...
When the Dunster House library opened Sunday for the first time this year, every book was confined behind two silver metal bars—a development that drew criticism from residents and staff who say the bars will keep them from accessing the library’s books...
...security measures follow concerns about book theft raised by House Master Ann Porter last week, according to Dunster tutor Jacob S. Jost, adding that the House Masters reiterated that concern at a meeting yesterday...
...appearance of the bars—which are screwed into the sides of the bookshelves and are difficult to remove—sparked controversy over Dunster’s open list Sunday. None of the several Dunster House residents interviewed yesterday said they had heard of any problems with book theft...