Taleb and Whitney of why incentives are just another sick game A big bank announced its annual profits—not very big this year—with a whole third of those going as bonuses for traders. Traders ususally make many jealous and some outraged. They shouldn’t. Listen to the...
Your people are your greatest asset by Sid Gautam 9 FEBRUARY 2010 During the last 20 years we have seen time and again that the bigger the corporation is, the worse it performs. One of the reasons for the inefficiency is the culture of the most unproductive...
The exciting game of “making the numbers.” In Freedom, Inc. we wrote: “Because you get what you measure, your measurement becomes the performance. And before long, rather than boosting your firm to ever-faster growth and ever-higher profitability, you have...
Running a company on visible figures alone We have written in Freedom, Inc. on the invisible costs of traditional companies and illustrated it through the costs of the workplace stress. Of course, there are others and the early exponent of those was Deming. Here is a...
Why animals and pets are welcome in the workplace (and we didn’t even know it) We have just “discovered” this amazing book written in 1993. Its author, John O. Whitney, spent most of his career as an executive and CEO of several companies and then became a professor...
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