Posted on Oct 24, 2012 by
George F Huhn
That’s the opinion of Nobel Prize-winning economist Daniel Kahneman. Here’s the full quote from a Strategy+Business Article: “The thing that astonishes me when I talk to businesspeople in the context of decision analysis is that you have an organization that’s making lots of decisions and they’re not keeping track. They’re not trying to learn from […]
Posted on Sep 21, 2011 by
George F Huhn
The Federal Report on the BP Macondo well disaster that killed 11 workers and caused a catastrophic oil leak into the Gulf of Mexico was released last week, and the conclusions are ugly. According to an article on the report from Business Insurance.com: “The blowout at the Macondo well on April 20, 2010, was the result […]
Posted on Sep 20, 2011 by
George F Huhn
If negotiators are too friendly with each other, they’re more likely to misbehave, including lying or acting against the interests of their employers. That’s the conclusion researchers from the Wharton Business School and Emory University published in “The Dark Side of Rapport” in this month’s Journal of Management Science. After carefully studying both face-to-face and online […]
Posted on Sep 16, 2011 by
George F Huhn
It was reported yesterday that a so-called “rogue trader” lost $2 billion at UBS. A BBC correspondent reporting on the incident wrote: “The disclosure that it was [the trader’s] decision to inform his colleagues of his actions that set alarm bells ringing at UBS, rather than its own monitoring system, will add to concerns that […]
Posted on Jun 16, 2011 by
George F Huhn
“Imagine life as a game in which you are juggling some five balls in the air. You name them – work, family, health, Friends and spirit and you’re keeping all of these in the Air. You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other […]
Posted on Jun 3, 2011 by
George F Huhn
In a large study of mutual fund managers, researchers studied the relationship between a manager’s risk choices and their prior performance relative to their peers. They found that the relationship between a manager’s risk choices and prior performance, compensation, and job security was U-shaped. In other words, poorer performing managers with lower job security tended […]
Posted on Jan 5, 2011 by
George F Huhn
In a previous blog post, Business At Microsecond Speeds – How Fast Can You Go?, I wrote about how businesses can make faster and more profitable decisions by using business analytics in the same way that stock traders maximize their advantages using high-frequency trading algorithms. Therefore, I was fascinated to read in a recent Wired article called Algorithms Take […]
Posted on Dec 15, 2010 by
George F Huhn
This morning, I attended a terrific breakfast seminar delivered by Ernie Dianastasis and sponsored by theDelaware Emerging Technology Center. Ernie is Managing Director of CAI, a global information technology (IT) consulting, integration and outsourcing services organization. Ernie founded CAI in 1981 and since then it has grown to over 2,800 employees with business units around the […]
Posted on Sep 23, 2010 by
George F Huhn
It depends on whom you ask. And that is why the common practice of assigning business values to projects using simple categories such as “Excellent,” “Good,” “Fair,” and “Poor” is misleading and usually wrong. Why? First, in most cases where this is used, there is no explicit quantified value assigned to each term, and team […]
Posted on Aug 15, 2010 by
George F Huhn
“The bigger things may age you, but it’s the little things that make you old.” W. Town Andrews I remember a call from a friend of mine a few years ago who was working in a pharmaceutical plant that I had consulted for several years earlier. “George,” he said. “I have a problem. I was […]
