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decision-making

Hubris
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Ideas and Innovations Newsletter

Hubris – Ideas and Innovations from 2040

Hubris Issue 115, June 29, 2023 Every day we assess the potential rewards along with the real and perceived risks of the situations, desires, tasks, and ideas we confront. We may not be consciously aware of these assessments, but they are happening all the time. Our ever-expanding technical prowess has resulted in new tools, more efficient production, opportunities to transform ideas into reality, and new platforms to engage and connect. We also have access to expanding our knowledge and deferring…

Kevin Novak
June 28, 2023
As the World Turns: Why Population Trends Matter to You
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Ideas and Innovations Newsletter

As the World Turns – Ideas and Innovations from 2040

As the World Turns Issue 113, June 15, 2023 We’re taking a pause to share several trends that we believe are bellwethers for a sustainable future. And we’re not including climate change, although it clearly ranks high on anyone’s list as a cause for concern. We’re talking about two trends that don’t get much attention: population shifts and life expectancy. Here’s the big picture from the UN: The world’s population is expected to increase by two billion people, from 7.7…

Kevin Novak
June 14, 2023
Assumptions and the World Is Flat Image
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Ideas and Innovations Newsletter

Making Faulty Assumptions, Part II – Ideas and Innovations from 2040

Making Faulty Assumptions, Part II Issue 108, May 11, 2023 Last week we explored how making bad assumptions can derail a business model and debilitate a team. Operational assessment and readiness can fall victim overnight based on assumptions that are out of alignment with shared purpose and market orientation. As we have stated, often the infrastructure can be so dysfunctional that bringing new strategies to life and achieving new goals simply isn’t possible. Here are a few signs that indicate…

Kevin Novak
May 11, 2023
What Happens When You Make Assumptions? – Ideas and Innovations from 2040
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Ideas and Innovations Newsletter

What Happens When You Make Assumptions? – Ideas and Innovations from 2040

What Happens When You Make Assumptions? Issue 106, May 4, 2023 Does your organization have what it takes to succeed? For example, how many times a day do you make an assumption? On a scale of magnitude, perhaps it’s the assumption that the sun will rise each morning and gravity will still be in place at night — to assuming that other people will drive responsibly and the trash in your neighborhood will be picked up. Assumptions are based on…

Kevin Novak
May 3, 2023
Time Warp
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Ideas and Innovations Newsletter

The Distortion of Time – Ideas and Innovations from 2040

The Distortion of Time Issue 103, April 13, 2023 With our celebration and awe of emerging tech (think generative AI), there is a basic issue that we rarely consider: the distortion of time. What we mean is that we are in such a hurry to develop and adopt new tech that we frequently leapfrog over its actual relevance, usefulness or even its consequences to our organizations and business models. Let alone do we address the potential legal or policy issues…

Kevin Novak
April 13, 2023
Tunnel Vision
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Ideas and Innovations Newsletter

Does Your Organization Have Tunnel Vision? – Ideas and Innovations from 2040

Does Your Organization Have Tunnel Vision? Issue 99, March 16, 2023 You think you see a light at the end of the digital tunnel, and then you realize it is the blinding light of tunnel vision that has derailed you. In considering how to change, transform or simply adapt to changing conditions across a market or profession, organizations (including ourselves) often fall back to doing what we know best and what has worked in the past under different circumstances. Believing…

Kevin Novak
March 16, 2023
Unbounded Optimism
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Ideas and Innovations Newsletter

The Consequences of Unbounded Optimism – Ideas and Innovations from 2040

The Consequences of Unbounded Optimism Issue 94, February 9, 2023 All societies live by stated or perceived mantras. In the United States we reach for the stars, believe the sky is the limit, and if we build it, they will come. These sentiments permeate our culture, inspire our children, and guide our business leaders. We love entrepreneurialism; we reward it, admire it, and aspire to it. The entrepreneurial spirit and manifest destiny represent the American can-do ingenuity and genius of…

Kevin Novak
February 9, 2023
When Less Is More – Ideas and Innovations from 2040
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Ideas and Innovations Newsletter

When Less Is More – Ideas and Innovations from 2040

When Less Is More Issue 92, January 26, 2023 “We’re too big to fail.” Try that one out on Elon Musk or Mark Zuckerberg. If there were ever two visionaries with an overabundance of hubris, they’re the ones. Although the concept of “too big to fail” technically refers to an organization that is so important to a financial system that a government would not allow it to go bankrupt due to the seriousness of the economic repercussions (Wiki), one could…

Kevin Novak
January 26, 2023
Looking into the crystal ball in 2023
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Ideas and Innovations Newsletter

Forging a Pathway Into 2023 – Ideas and Innovations from 2040

Forging a Pathway Into 2023 Issue 89, January 5, 2023 Two of the most important qualities we need (personally and professionally) to make good decisions are perspective and context. In order to move forward, both give relevance to how the past informs the present and can be predictive of how to plan for the future. If we take three tenses, we can reflect on what we have learned and how those insights can guide us today and tomorrow. Having said…

Kevin Novak
January 5, 2023
2023 and Beyond
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Ideas and Innovations Newsletter

Taking Stock – Ideas and Innovations from 2040

Taking Stock Issue 88, December 29, 2022 One could argue that January 1 is an arbitrary date to evaluate the past 12 months. We routinely like to look back to the past calendar year, determine what went well and reflect on what we wanted to change. We view January 1 as a fresh start to tackle our procrastination, fix things that are broken, generally refresh, and forge a committed pathway forward. We all know that for many, these reflections, decisions,…

Kevin Novak
December 28, 2022
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