Banks have had stress tests (imposed) to see how they would cope with difficult market conditions. For example, in the US, a typical stress scenario in the past has been: 50 per cent drop in equity prices; 21 per cent decline in housing prices; unemp[...]
Banks have had stress tests (imposed) to see how they would cope with difficult market conditions. For example, in the US, a typical stress scenario in the past has been: 50 per cent drop in equity prices; 21 per cent decline in housing prices; unemp[...]
Many organizations have a Risk Management function of some sort. Often scattered amongst different constituencies: manufacturing, engineering, R&D etc. It is also embedded in Quality Systems, such as ISO. Financial institutions, or indeed financi[...]
Some leaders are very good in a crisis. They may or may not acknowledge that, but the adrenaline of the crisis is fantastic for them. These people always explain to me the beauty of (finally) seeing employees aligned, super-committed, engaged, going [...]
Nassim Taleb Antifragile concept is perhaps one of the most attractive frames (conceptual, philosophical, practical) we have had recently. By describing antifragile as the opposite to fragile, v[...]
Some leaders are very good in a crisis. They may or may not acknowledge that, but the adrenaline of the crisis is fantastic for them. These people always explain to me the beauty of (finally) seeing employees aligned, super-committed, engaged, going [...]
Nassim Taleb Antifragile concept is perhaps one of the most attractive frames (conceptual, philosophical, practical) we have had recently. By describing antifragile as the opposite to fragile, v[...]
Many organizations have a Risk Management function of some sort. Often scattered amongst different constituencies: manufacturing, engineering, R&D etc. It is also embedded in Quality Systems, such as ISO. Financial institutions, or indeed financi[...]
An old patient was concerned about her hair. A nurse came in at 7 am to put colour in her hair. ‘Nurses are saints’, she said. All nurses? That’s unfair. (A real example from one of our Viral Change programmes).
We have a reasonable level of[...]
The old tale of ‘Boiling Frogs’ says that there are too basic ways to boil a frog. One, the frog is thrown into a boiling water pan. The frog jumps out one millisecond later. Close to first degree burns, but alive. And learns the lesson.
The s[...]
Four years ago, starting in the Midwest of Ireland and replicating to other parts of the country, a bottom up social movement, ‘Values in Action’, started to shape th[...]
A while ago, a telecom client complained to me about his particular division which seemed to work entirely ‘on relationships’. People got things done because of their own strong networks and highly cultivated personal connections. That was the et[...]
An interview with Adam Pisoni, American entrepreneur and previously, co-founder of CTO and Yammer, brings back to my table the issue of efficiency. Pisoni is very articulate on this:
“Effic[...]
You have bought a pair of very expensive tickets for a classical music concert but the traffic is horrible and you are late. They don’t let you enter into the concert hall until the next break. Never mind, the first piece of the concert wasn’t th[...]
Feeling trapped, is at the core of some aspects of one’s mental health, and also organizational distress.
The deep awareness and study of this feeling is rather old, going back to psychologist Martin Seligman’s studies in 1967 in Pennsylvania.[...]
Two years ago, starting in the Midwest of Ireland, a bottom up social movement, ‘Values in Action’, started to shape the culture of the Irish Health Service (HSE) . On top of their day jobs, employees joined in to create a system of peer-to-pee[...]
George Lakoff, a familiar name in these Daily Thoughts, is on a mission. The US cognitive psychology specialist, emeritus professor, political adviser and communications expert, wants to convince those who dislike, disagree, detest or are enraged b[...]
I sometimes think that management thinking, management speak and management education (that includes ‘research’) makes everything possible to avoid critical thinking. The same Die-Hard Managers who love the certainty of a spreadsheet and believe [...]