Category Archives: Uncategorized

More on knowledge in a free society

Last week I shared a video explaining how prices help generate and convey knowledge in a free society. Shortly after posting, I came across this article, which is a great example of how prices and profit & loss can direct … Continue reading

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What we can learn from prices in a free society

The video below gives an excellent overview of what life would look like without prices – and what prices help us understand (Thanks to Cafe Hayek for sharing it). While many employees are not directly involved with pricing, we can absolutely … Continue reading

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Good Profit Conversation Starters

There are many people trying to start conversations about Good Profit. Below are a few ideas to help you start a conversation. Pick a chapter and read the quote at the beginning. Discuss why that quote may have been picked. For … Continue reading

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You’ve Got “Good Profit,” Now What?

If I had a dime for every time someone has asked me for a reader’s guide to Good Profit in the last week, I’d have some serious pocket change. I appreciate the eagerness to get the latest thinking about MBM, and I … Continue reading

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How to fill up your MBM “toolkit”

It doesn’t take long to realize that when it comes to business, stuff happens. Even the best run teams encounter hiccups occasionally. Sometimes great stuff happens, like an amazing, unexpected opportunity that requires quick responses. For those of us working … Continue reading

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Is Capitalism Moral?

Here’s a new video about the Morality of Capitalism starring Walter Williams. I think many of you will enjoy it or at least find it thought provoking. (via Cafe Hayek)

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More on Mentoring

Last year I posted a few thoughts on mentoring in general. Since then, I’ve had the opportunity to talk to hundreds of people about mentoring and, as usual when discussing anything with other people, I’ve learned a few things along … Continue reading

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What Would You Do?

Grab a pen and paper, I’m giving you an assignment. Below are three relatively common management situations. On your paper, pick at least one (feel free to try it with all 3) and write down your initial reactions. What questions … Continue reading

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A few links

As you can imagine, there is a lot going on behind the scenes in the MBM world. I am going to do my best to keep updating, especially as Good Profit is published and there should be lots to think about. … Continue reading

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How to Drive Diversity

It’s an expectation of leaders and supervisors to advance the MBM culture. One piece of that is having a diverse workforce that can help to create more value than we would have otherwise (check out last week’s post for more … Continue reading

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