The Power of Noticing: What the Best Leaders See (Max Bazerman, 2015)

-

  • Slippery Slope Effect - a relatively small first step leads to a chain of related events culminating in some significant (usually negative) effect.
  • Perception - story of the dog that didn’t bark. A dog stop feeling hungry and also stop barking at strangers, soon after the house was burglarized as the dog have been constantly fed by the thief. 

Popular posts from this blog

MT4 Expert Advisor Full Script for Martingale & Grid Express in Less than 50 Lines of Code

-
Image
EA automated trading using Martingale and Grid strategy If you have found this it is likely that you already understood what is this trading strategy. Basically the script will decide on a direction using previous high and low with relative strength indicator (RSI). Once the direction is decided, the script will make a order (either buy or sell) at the designated lots. Every time a trade is made, the script will calculate the take profit price point for all open orders to ensure profitability. If the first order hit take profit, the trade ends and the script will restart. Otherwise, once the live price hit the previous price + pip step, it will open a new trade provided if it is not within the same time bar. The newly opened lot will be in an multiplier according to the LotExponent. It will continue to open trade and draw down till the new take profit is hit. There are many variants of this script but I have simplified it to only 50 lines with the following benefits. If your server is ...
Read more

Psychological Terms, Physics Laws & Effect, Mathematics & Paradoxes, Fallacies, Metaheuristics(Growing List)

-
Image
Psychology Analysis Paralysis It is the state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralysing the outcome. A decision can be treated as over-complicated, with too many detailed options, so that a choice is never made, rather than try something and change if a major problem arises. A person might be seeking the optimal or "perfect" solution upfront, and fear making any decision which could lead to erroneous results, while on the way to a better solution. Antifragility A property of systems that increase in capability to thrive as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. Barnum effect Also called the Forer effect, or less commonly, the Barnum-Forer effect, is a common psychological phenomenon whereby individuals give high accuracy ratings to descriptions of their personality that supposedly are tailored specifically to them, that are in fact vague and general en...
Read more

Sustainable Business Strategy (MBA module 5 of 8)

-
Image
Introduction The determination of the long-run goals and objectives of an enterprise and the adoption of courses of action and the allocation of resource necessary for carrying out these goals (Alfred D. Chandler) Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value) Michael Porter A pattern in a stream of decisions (Henry Mintzberg) The long-term direction of an organisation (Exploring Strategy) 4 perspective Top-down Corporate strategy Corporate Strategy is what makes the corporate whole add up to more than the sum of its business unit parts Business strategy Bottom-up Emergent sense of what the strategy should be operational experience Market requirements Quality Speed Dependability Flexibility Cost Operations resources Capacity Supply network Process technology Development and organisation The exploring strategy model Strategic Position Environment Capability Purpose Culture Strategic choices Bu...
Read more