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Category: Behavioral Economics, Co-Working, Mindset
After much talk about digital transformation back home in Europe, with little that has been achieved in the past few years, suddenly everyone is thrown into a digital crash course. Thanks to Coronavirus and curfews in place, both adults and children are learning how to use digital tools to work from home or attend virtual …
View PostCategory: Behavioral Economics, Government, Robot
How many people are living in the precariat, i.e. in precarious economic and financial situations, is relentlessly revealed by the measures that governments around the world are currently taking to stop the spread of the coronavirus. Curfews, forced closures of shops, restaurants and event venues, as well as border closures and travel bans, are massively …
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Category: Behavioral Economics, Digital, Foresight Thinking, Innovation
About seven thousand pages tightly scribbled with notes and drawings of Leonardo da Vinci have survived into modern times. Experts estimate that they count for a quarter of his total work, covering all known disciplines in science and the arts. His thirst for knowledge was so big, that he repeatedly got lost into new questions that came …
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Category: Behavioral Economics
A few days ago a friend mentioned during a call that he cannot understand how I can do so much. Writing books, consulting work, publishing newsletters, workshops, blogging, all the while having a life as well. This was not the first time that people mentioned this. And I must frankly admit, that I don’t feel …
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Category: Behavioral Economics, Self-driving
Pretty they ain’t. And they don’t look like hot rods either. Let’s admit: they are ugly ducklings. I am talking about Google’s self-driving cars. They come in tha shape of an egg on wheels with some funny colors. And Google even seems to emphasize that with putting some funny art on the doors. But why …
View PostCategory: Behavioral Economics, Intrapreneurship
We all have read the stories about those startup founders who struck it rich with selling their company or bringing it public through an IPO. All the hard work and risk paid off with millions or even billions of dollars that they could pocket. Still, most of the startups fail but we love those success …
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Category: Behavioral Economics, Innovation
When you give people the task to invent alternative uses for an old car tire, or listing all things that one could do with a brick, they for sure come up with some ideas. But if you tell them beforehand to imagine themselves as a seven-year-old child, they not only scored far higher on the …
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Category: Behavioral Economics, Innovation
Imagine your company has 20 innovation projects, where each project has an equal chance of 50% to succeed and fail. The success of each project is independent from the others. If a project fails, your company will lose $500,000, if a project succeeds your company will make $1.5m. Then ask a team of 20 managers …
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Category: Behavioral Economics, Innovation
Companies want innovation but do everything to stop it from happening. This paradox is one that puzzles everyone. We desire it so much for us and admire companies that are innovative, but our actions do the exact opposite. Why is that so? Behavioral Economist Richard Thaler gives some clues in his new book Misbehaving through …
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