User:P.wood

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My (new) 'scrapbook' of thoughts & ideas on business related topics.

Things to sort out[edit]

Jevons Paradox is an interesting economic explanation for recent trends in commodities prices being driven by demand increases seen in developing countries such as China & India.

Stakeholders = "anyone that can ruin your day"

Positive feedback loops can alter a persons behaviour, reward a behaviour and you'll reinforce it.

Organisations which put individual needs first cannot compete with those which members put organization needs first.

Personality comes from 60% Inherited 25% Environment 15% Other By six years of age board personality traits are apparent

Organisations simply offer Structures, Processes & Relationships to aid people get things done

Organisational design is simply deciding where you want to manage tension

On Leadership: People should know what you stand for and you must send out simple and clear messages else everyone gets confused.

Strategy is simply about making choices


Arrogance = Self confidence without tact

"Be yourself more with skill" London Business School Quote

Empathy is about understanding how it is to be in other people's position.

How do you feel today[1]

Technical Stuff[edit]

SPE papers 103501 & 101517 cover PVT analysis very well.

Leadership[edit]

I see leadership as providing others with direction towards a goal or objective and the resources they require to get there.

Perhaps too formulaic for some but it helps me!

Behaviour = Function (Person, Environment)
Where:
Person = personality, skills, experience
Environment = reward, promotion systems, coaching
Career Success = IQ * EI * WP
Where:
IQ = Intelligence Quotient
EI = Emotional Intelligence
WP = Will Power
Culture = Artefacts + Values + Beliefs + Assumptions
Data + Analysis        => Information
Information + Analysis => Insight
Insight + Experience   => Wisdom
Wisdom + Resource      => Business

Tough Empathy's an interesting style for those with an INTJ profile [2]


Decisions & Uncertainty[edit]

Ladder of Inference [3] Collect Data => Filter => Meaning => Assumptions => Conclusions => Beliefs => Actions

Donald Rumsfeld nicely captured uncertainty in a quote on Iraq [4] which works out like this:

known knowns     - things we know that we know
known unknowns   - things we know we don't know
unknown unknowns - things we don't know we don't know
unknown knowns   - things we don't know that others do know

A decision is made under risk when the probabilities involved are objectively known, i.e. probabilities are agreed by rational economic agents; whereas

A decision is made under uncertainty when the probabilities involved are subjective beliefs of the decision maker, i.e. rational agents can disagree about them.

Thus, under Knight’s schema [[1]] “risk” is “randomness with knowable probabilities”, whereas “uncertainty” is “randomness with unknowable probabilities”.

Frameworks[edit]

The following have helped me:

  1. Leaderhship: The Leadership Character Model shows Integrity balancing Responsibility with Respect. Jean-Claude Juncker once said that "the difficulty for politicians is that we all know what has to be done, we just don't know how to get elected after doing it."
  2. Personalities: Myers-Briggs can be helpful in understanding different. I'm an INTJ
  3. Teams: Forming, Storming, Norming & Performing

Empowerment[edit]

"A good leader empowers his/her cowrokers. Empowered workers are committed and loyal. They find meaning in their work, as well as a sense of community. they feel that they are making a difference in the company or institution. How does one empower, or motivate, coworkers? By delegating as much and as often as feasible. By frequent expressions of gratitude, support and encouragement." [5]

Wiki Formating[edit]

Here are a few quick quick reminders for editing pages, for more detail see Wikipedia:How to edit a page:

What you type What it looks like
* Square bullets "*"

# Numbered bullets "#"
# [[Main_Page]]
# [http://www.bbcnews.com] 
# http://www.bbcnews.com

# New sections: "==External Links=="
# New subsections: "===Sub Sections==="

# ''Italic''
# '''Bold'''
# '''''Italicized & Bold text'''''

# <code>equally spaced font</code>
# <big>big text</big>

# <small>small text</small>
# no comment! <!-- comment here -->
# References<ref>[[Wikipedia:Cite_sources]]</ref>

# Forced line breaks <br/> look like this




 Indenting text 1 charater creates a box
  • Square bullets "*"
  1. Numbered bullets "#"
  2. Main_Page
  3. [2]
  4. http://www.bbcnews.com
  5. New sections: "==External Links=="
  6. New subsections: "===Sub Sections==="
  7. Italic
  8. Bold
  9. Italicized & Bold text
  10. equally spaced font
  11. big text
  12. small text
  13. no comment!
  14. References[6]
  15. Forced line breaks
    look like this
Indenting text 1 charater creates a box

External Links[edit]

  1. http://en.wikipedia.org/wiki/Leadership_Character_Model
  2. http://www.leadershipcharacter.com/model.php
  3. http://www.growth-strategies.com/subpages/businesswritings/businesswritings.html
  4. http://decision-analysis.society.informs.org/Field/FieldLexicon.html
  5. http://en.wikipedia.org/wiki/List_of_cognitive_biases

References[edit]