Category Archives: Uncategorized

Why bother with a management philosophy?

Once folks understand that MBM is a management philosophy, most people wonder why MBM organizations bother to put so much energy and effort into a philosophy. Below are some common questions on the topic. What is a management philosophy? A … Continue reading

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The role of profit

In MBM, the Knowledge Processes dimension draws upon several important mental models: prices, profit and loss, and free speech. The video below features economist Walter Williams discussing the role of profit and loss in a free society.  

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Lost In Translation

A recent work assignment involved helping with some translation work — it’s funny because I only speak English (and toddler). Basically, I was able to help by taking the translation and back translating it to English using software. The resulting … Continue reading

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A break in the new year

This is just a quick update to wish you a Happy New Year and let you know that I will not be updating the blog in Q1 of 2015. I’m working a sister project to this one that (has been … Continue reading

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Business within your business

It’s not uncommon for large businesses and non-profits to face situations where one group draws upon the resources of another group in a way that looks more like a business transaction within a business (as opposed to a cross-functional work … Continue reading

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The problem with sunk costs

Many of you are familiar with the idea of sunk costs — those costs that are unrecoverable. Economics teaches us we should ignore sunk costs if we want to make the best decision going forward. After all, we cannot change … Continue reading

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“Rules”

I’ve started to realize how powerful “rules” can be. “Rules” are the artificial constraints individuals put on themselves even when there isn’t anything really in the way. Here are some common examples of how “rules” creep into the day-to-day activities: … Continue reading

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Interesting Articles

Over the past several weeks, I’ve come across or been sent some interesting articles. Some of these explicitly connect with MBM and some of them are more interesting management or economics articles that may spark some good conversation. “California’s Water … Continue reading

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2014 Economic Freedom of the World Report

The 2014 Economic Freedom of the World Report was released earlier this month. As many of you know, this annual report includes some of the research that grounds very foundations of MBM. One of our key mental models is that … Continue reading

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Authentic Change

During a recent conversation with a colleague who is attempting to apply MBM in an organization of about 600 people the topic of authentic change came up. The reality is that many clever people can take the language of MBM, … Continue reading

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