Forget the Puerto Rico Power Grid
Begin not with inventing, but with forgetting. You must let go of what you’ve learned … – Govindarajan & Trimble in Reverse Innovation, 2012. To Puerto Rico: Forget the Grid Puerto Rico may be ready to forget about their old, rickety power grid and embrace the future. Elon Musk...
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Climate Change – The Mother of All Market Signals?
I agree with Greg Ip that pain and disruption comes when investors put their faith in beliefs that are proven wrong (“Behind the Pain: Misplaced Faith”, January 14, 2016, (p.A1). But his list of erroneous beliefs of the past decade omits an important one: the...
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Creative Destruction – The Great Turning in Business
I suggest a Great Turning is underway in the business world as well. It is what, in Business School, we called the process of “Creative Destruction” — the term popularized by economist, Joseph Schumpeter in 1942. Schumpeter referred to the “perennial gale of creative destruction”, the...
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Creating A Sustainable Future – Begin With Forgetting
The words of the wise men below suggest that creating a sustainable future will be possible only if we update and reset our mental maps. But why is it so important for business leaders to have an accurate mental map of their terrain? “… Begin[s]...
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