Theory Of Constraints – A Powerful Tool for Performance Improvement
This ariticle is a short introduction 'Theory of Constraints. It can help a lot to bring effiecieny in any work/process.
Let's focus at the broken link in the chain in the picture .
Even a layman...
5 Principles For Getting Lucky & Rich From Gita
5 Principles For Getting Lucky & Rich From Gita- An Ancient Book Of Wisdom
Someone has rightly said that everything in life is luck !
Think about it and you would find that it is true...
Recency Bias- Effect On Decision Making.
Recency Bias refers to a phenomenon where a person gives more emphasis on the events that have happened recently, as compared to remembering something that may have occurred a while back or ignoring the...
Responsibility As A Leader !
To succeed in any position, one needs to play these 4 roles :
1.Plumber: Fixing existing issues
2.Incubator : Creating new things-team/business/opportunities
3.Change-Maker: Changing as per the time & convincing others why change is important
4.Growth-Driver: Creating systems/habits...
Problem Solving -Focus Right
Problem solving is an important part of our everyday's life.
But we tend to have lot of problems at one point of time . Where to focus, where to spend time and resources - these...
Inversion Thinking /Thinking Opposite
Inversion thinking ,also known as inverse rationalising or backwards thinking ,is a useful mental model to solve important challenges in life.
The word inversion comes form the fact that in this way of thinking you...
Art Of Doing Business With Japanese
Excerpts from Phil Knight's 'A Memoir By The Creator Of Nike'
The key is not to be pushy.
Don't come on like the typical American, the typical gaijin-rude, loud, aggressive, not taking no for an answer.
The...
Tipping Point – How Few Things Become Popular?
We all have experienced it - on several occasions some ideas, products, messages, and certain behaviors become very popular -suddenly and unexpectedly.
Certain products become fashionable, crime rates go down or up, and certain cults...
3 Elements – Games Vs. Life
Element 1: Availability of information
Element 2: Skill
Element 3: Luck
Game of Chess:
Information is available -Yes, both players can see all the moves on the chess-board
Skill required-Yes
Involvement of luck -No
Game of Cards (Flesh):
Information is available -No,...
Sticking With Circle Of Competence .
This is a mental model developed and popularized by Warren Buffet & Charlie Munger.
In simple terms, a circle of competence can be defined as an area that matches a person's skills, aptitude or expertise.
Buffett...