decision-making Archives

2040’s Ideas and Innovations: Do You Measure by Outputs or Outcomes?

Do You Measure by Outputs or Outcomes? Issue 48: March 24, 2022 How do you and your organization measure accomplishments and achievements? In an Industrial Age mindset, output was believed to be the only measure as maximizing production efficiency became something close to a religious mantra. In today’s Knowledge Age era, outcome, actually accomplishing a strategy or goal is the real measure that determines outcome not output. In a marketplace that values what an organization stands for and its effect…

Kevin Novak

March 23, 2022

Ideas and Innovations Newsletter

2040’s Ideas and Innovations: The Power of Positive … and Negative Thinking

The Power of Positive … and Negative Thinking Issue 43: February 17, 2022 What have we been told since kindergarten? Believe in the power of positive thinking! For many, positive thinking is an intuitive attitude reflected in a state of mind and behavior. The optimists, who are inclined to be hopeful and expect good outcomes, live this credo daily. Wake up with positive thoughts and positive outcomes will result. The skeptics, who are inclined to doubt or question any belief…

Kevin Novak

February 16, 2022

Ideas and Innovations Newsletter

2040’s Ideas and Innovations: Inflation + True Value

Inflation + True Value Issue 41: February 3, 2022 This is the first time since 1982 that inflation has grown at such a fast pace and become such an urgent short-term issue for so many organizations and individuals around the world. It is clearly affecting consumers forcing them to make fundamental changes in their choices and their overall lifestyles. The consumer who is now having to be more discerning about their own expenses contributes to a set of challenges faced…

Kevin Novak

February 3, 2022

Ideas and Innovations Newsletter

2040’s Ideas and Innovations: Is Perception Everything?

Is Perception Everything? Issue 39: January 20, 2022 Some say that we live in a simulation. The Hitchhiker’s Guide to the Galaxy and The Matrix popularized ideas long held by some physicists and game theorists. Some say that we will be living in a parallel reality, a metaverse dramatized by Ender’s Game, Belle and Ready Player One, to mention only three pop culture narratives. There are plenty of thinkers and philosophers who believe that reality is how you perceive it;…

Kevin Novak

January 19, 2022

Ideas and Innovations Newsletter

2040’s Ideas and Innovations: Nine Real Risks in 2022

Nine Real Risks in 2022 Issue 38: January 13, 2022 The existential and operational risks facing any leader have been ramped up because of an ongoing pandemic, economic disruption, global supply chain breakdowns and a series of demands from all stakeholders delivered through an increasingly contentious civil discourse. Our organizations have faced tough times in the past; what feels different this time is the perfect storm of forces most leaders have no control over. The irony is that on the…

Kevin Novak

January 12, 2022

Ideas and Innovations Newsletter

Ideas + Innovations from 2040: Great Expectations

Great Expectations What is the role of a business leader today? The pressures placed on managers and leaders have grown exponentially with expectations from all stakeholders to lead in a certain way. And that way is what those stakeholders believe is the right way. The leadership arena is complex and risky. Whether you lead a small association or a multinational brand, the skillset required to exceed everyone’s expectations has expanded beyond organizational expertise. As we turn our attention, despite current…

Kevin Novak

December 23, 2021

Ideas and Innovations Newsletter

Ideas + Innovations from 2040: Context Is Everything

Context Is Everything We have shared with you a set of practices that is key to high performance, optimal business modeling, productive workplace culture and enlightened leadership. Clear, unbiased communications and organizational constructs are essential tools in a digital marketplace. And activating these tools is made more powerful through critical thinking and analysis with context. We are among those that believe that context is everything. It is the foundational pillar of any change and transformation. Without contextual analysis, transformation is…

Kevin Novak

December 16, 2021

Ideas and Innovations Newsletter

Ideas + Innovations from 2040: Innovation Theater

Innovation Theater Everyone talks about innovation, but how does it really happen? And what is the difference between authentic innovation and a pastiche of innovation that doesn’t power true transformation or change? As we all know, managing and operating an organization has many underlying parts that come together to create the whole system. A startup has the agility and flexibility to innovate and pivot as its size is small, focused and often committed to solving a particular problem. Once it…

Kevin Novak

November 4, 2021

Ideas and Innovations Newsletter

Ideas + Innovations from 2040: Decision Making and Primitive Automaticity

Decision Making and Primitive Automaticity We live in nearly constant transition as the world around us continues to change quickly and dynamically. We often don’t know what we may have lost (or gained) as situations change or evolve around us. We often struggle how to redefine ourselves in a world we do not yet well understand because of the pace of change. Technology continues to fundamentally change the world around us as we debate whether we are changing as a…

Kevin Novak

October 28, 2021

Ideas and Innovations Newsletter

Decision Making in a Digital Age – Ideas + Innovations from 2040

Decision Making in a Digital Age The debate in management and leadership circles is how to best make decisions in a digital age. Should you be data-driven or intuitive? There are too many variables, including institutional knowledge and bias that limit the value of gut decision making, particularly in a fundamentally and dynamically ever-changing environment. We are the sum-total of our own biases and past experiences, which hinder the effectiveness of intuitive decision-making in the 21st century. A decision-making approach…

Kevin Novak

October 7, 2021

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