Risk should be thought of in the vein of Fermat and Pascal:Probability of loss X amount of possible loss from the probability of the gain X amount of possible gain. When I was a young analyst I had the opportunity…
A vision statement is management’s most concise articulation of where a company can go through the execution of its mission. Vision statements are about the future of the organization, and the company’s ability to change the world. In contrast to…
Early in my career, the notion of a business mission seemed silly, farcical, even pointless. I believed that vague notions of ‘changing the world’ were only parroted by recruiters to corral wide-eyed graduates exiting the education mill. In my defense,…
Everyone wants their employees to form good habits. Habits are repetitive behaviors that are generally associated with predictable results. Brushing your teeth and making your bed in the morning are habits. The types of habits needed within a company are…