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Napoleon's retreat from Moscow, Adolph Northen (1828–1876)

Power Reduces Awareness of Constraints

Idea posted: December 2013
  • Leadership & Change

Whether imagining the future or reviewing the past, powerful people are consistently less aware of constraints and obstacles than the less powerful. This lack of constraint awareness explains their inhibition in attacking daunting goals and projects, but can also make them somewhat reckless and risk-taking.

Idea #279
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Crossing a crevasse in the Himalayas during the assault on Mt Everest by Sir Edmund Hillary and Tenzing Norgay in 1953. Photographer Alfred Gregory. (Source: Alfred Gregory: Photographs from Everest to Africa. Penguin Books, 2008, ISBN 978-1-920-98961-3)

Managing Risks: Culture Matters More Than Rules

Idea posted: June 2013
  • CSR & Governance
  • Leadership & Change
  • Learning & Behaviour

Micro-regulation is not the most effective way to manage risks and improve services. The best guarantee of high standards is ethics-based risk control, underpinned by rules-based codes.

Formal risk management systems can encourage a box-ticking mentality, threaten internal and external relationships, and — in the literal sense of the word — demoralize people. The dangers are likely to be greatest where stakeholders have a strong emotional investment in self-regulation and ethics-based risk management.

Idea #160
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DIANA, the first computer built by Norwegian pioneer  Jens Glad Balchen at the Department of Engineering Cybernetics, NTNU in mid 1950s (Source: NTNU)

Human Judgement Vs Computer Aided Forecasting

Idea posted: May 2013
  • Innovation & Entrepreneurship
  • Leadership & Change
  • Learning & Behaviour
  • Operations

Is your company about to launch a new product or service into the market? If so, you know how crucial it is to predict as accurately as possible how it will be received; otherwise, you are putting at risk precious time and resources engaged. According to this Idea, there is a way to make an intelligent forecast that involves a combination of human and computer judgement. Faculty from Judge Business School and IE Business School explain how.

Idea #139
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