Sunday, February 20, 2011

How Entrepreneurs think

http://www.inc.com/magazine/20110201/how-great-entrepreneurs-think.html

Think like an Iron Chef, don't believe predictions, don't believe or use marketing research, use effectual reasoning, make sure you have one real customer, sweat competitors later, and pivot quickly.

In praise of a handshake

http://danariely.com/2011/02/20/in-praise-of-the-handshake/

The pros and cons of doing business with a hand shake.


Monday, December 6, 2010

Bee Management Techniques

Bee management principles:

• Compose a decision-making group of individuals with shared interests. Here bees have a higher stake than us: all members of a colony are related (sisters) and nobody can survive without the group.

• Minimize the leader's influence on the group. Here we humans have much to learn.

• Seek diverse solutions to the problem. Humans realized only recently that diversity is good for a group.

• Update the group's knowledge through debate. Here again, bees are superior to us, as each scout's "dances" become less effective with time, no matter how good a new site is, while stubbornness can lead humans to argue forever.

• Use quorums to gain cohesion, accuracy and speed. Impressively, bees came up with this concept long before the Greeks.

As a departmental chair at Cornell University, Seeley says, he applies these principles at faculty meetings with great success.

Monday, November 1, 2010

Wednesday, September 22, 2010

Right way to fire people

Best summary of how to lay people off:

http://www.businessinsider.com/the-right-way-to-fire-people-2010-9

I wish I had known this 20 years ago.