How to Balance Exploration and Exploitation for Success

I watched a wonderful speech by Rory Sutherland on my flight recently from Barcelona to Dublin. He shared several valuable concepts, but one that stuck with me – how to balance Exploration and Exploitation in our lives and in our businesses. Explore new things. Then focus on what works.   What’s your balance? How is your … Read more

There are no solutions, only trade-offs.

“CEOs are in the business of making decisions” Sam Reese, Vistage CEO I’ve been reflecting this week on a quote from Economist Thomas Sowell “There are no solutions, only trade-offs.” I work with CEOs. They take decisions. They feel responsible for the consequences of these decisions. They often wait to find a “perfect solution” rather … Read more

Most people prefer a problem they can’t fix to a solution they don’t like

“Most people prefer a problem they can’t fix to a solution they don’t like” Lee Thayer This sentence is mad…. but there is a certain truth to it. Lee Thayer is the author of several books on the practice of Leadership. He was a big proponent of working to integrate thinking, being and doing into … Read more

The $5 Challenge – A Stanford Strategy Story…

Back in 2009, Stanford prof Tina Seelig split students in the school of engineering into teams and gave them an envelope containing $5. Teams had only two hours to generate as much money as possible. Each team would get three minutes to present their project to the entire class. Here is Tina’s own article explaining the experience: The $5 … Read more

“No one is coming to save us”

In 1972, a plane carrying rugby team from Uruguay crashed in the high Andes. 25 passengers survived the crash… and then found themselves trapped high on a glacier. Initially they waited for search parties to arrive. On day 10, they heard on the radio “the search has been called off”. This day they realised that … Read more

The Tyranny of Convenience

Convenience makes things easy… but what is easy is not always whats most important, valuable or effective. We choose between the options we see, not all the options… we’ve got to be increasingly careful that we don’t choose the path that is just easiest to see. Convenience food… is not health food. Tech companies work … Read more

IESE Instagram Live: How Writing Helps your Career

This is the recording of a session I did yesterday with IESE Business School on the topic of writing as a tool to help your career. In this context, writing is not so much about writing for magazines or in a blog… but writing to set goals, to stay focussed, to identify what is important, … Read more