Porter or Mintzberg - Whose View of Strategy is the most Relevant Today? There are two people, and only two, whose ideas must be taught to every MBA in the world: Michael Porter and Henry Mintzberg.
Zac Bolick's insight:
Porter’s ideas are still relevant, my colleagues and I still teach them, so I still believe in them and when I talk to corporate CEOs they still use them as part of their strategy planning thinking. But they are getting a bit long in the tooth for today’s different world. Henry’s emergent strategy ideas simply seem to be more relevant to the world we live in today – they reflect the fact that our plans will fail. This is not to say that planning isn’t useful, but other than some long term technology plans, the day of the 5 year and even 2 year plans has faded and emergent strategy is the reality in most industries that I work with.
Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it's OK to cheat or steal (sometimes).
Zac Bolick's insight:
In this wonderful Ted Talk Dan Ariely studies behavior and moral decision-making. He notices a trend two forces appear.
First, people don't want to cheat because it lowers their personal view of our their own morality. However, their is a reasonable amount of fudge factor in which people will augment their results.
Moreover, he notices that when people are removed from actual monetary compensation they will augment their results more as the situation becomes more convoluted. This in many ways mirrors the rational decision making model, the process of making a moral decision has become clouded because more steps are in play. It is easier to rationalize the benefits of a decision and down play its immoral aspects.
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