problem solving

How Can You Use the Compounding Effect to Achieve What You Want?

If you’re like me, you have plenty of improvement goals. I have personal, professional, and office-cleanup goals. (Since my office appears to be a perennial mess, I count that as a separate and very subsidiary goal.) I often use the compounding effect to make those improvements. The compounding effect works very well for money. Put

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How Can You Reframe Resilience As Bouncing Forward to the Next Decision?

Too often, we frame resilience as a way to bounce back from a circumstance, such as an event, hardship, or adversity. But we don’t need bad things to happen to us to need resilience. In fact, most of the time, bad things don’t happen. But something changes, and we notice. That’s when we need to

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How Many Layers Do You Add to Manage Risks?

I listened to Tim Harford’s podcast, La La Land: Galileo’s Warning (Classic). Galileo warned that adding more layers of risk management does not prevent bad outcomes—and might create them. Yet, I’ve said I respect risk management. Not all risk management is created equal. We can use additional steps, sequential occurrences, to manage risks. Layers are the concurrent practices we might

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Great Minds: When Do We Gain from Thinking Alike or Differently?

I’ve participated in two panels in the past few weeks: one about agile approaches and the other about management. In each case, my fellow panelists echoed each other for several questions, thinking alike. I did not. Not only did I disagree with the other panelists—I explained my claims with data. I thought differently. And because

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