Category Archives: Uncategorized

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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Diversity

Diversity is a key mental model in MBM and a key part of our culture. The Guiding Principle of Respect is: Treat others with honest, dignity, respect and sensitivity. Appreciate the value of diversity. Encourage and practice teamwork. With so many … Continue reading

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More on comparative advantage

When it comes to applying any mental model discipline is key. We have to have the discipline to recognize we need to use a certain mental model, the fortitude slow down to take the time to do it properly and … Continue reading

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A few stray thoughts on comparative advatange

I’ve been doing a lot of thinking about comparative advantage lately and have a random assortment of thoughts about how it is applied (or misapplied) inside an organization. Comparative advantage is NOT just another way of saying strengths: The word … Continue reading

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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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