Category Archives: Uncategorized

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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Individuals Versus Groups: “The Millennials”

One of the most deeply embedded mental models in MBM is the idea of individuals versus groups. The vast majority of MBM starts with the individual. This is in sharp contrast to thinking about groups (here are some examples – … Continue reading

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I Don’t Like to Read — How Can I Learn More about the Foundations of MBM?

If you ask a typical MBM Team member what you can do to learn more about the foundations of MBM, there’s usually a few things that come up over and over. One of those is reading a book, essay or … Continue reading

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Working the land

Today in the US, we are celebrating Labor Day. Labor Day is a holiday intended to be a tribute to the workers who have contributed to making the US a prosperous country. (Note: I say intended because I think most … Continue reading

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Work-Life Balance

I bet many of you were surprised by the title of this post. Work-life balance is something that has gotten a lot of press for the last decade or so. If you search the right terms, you’ll get all sorts … Continue reading

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MBM and Ambiguity

Once you’ve been in an MBM organization for a bit, you’ll notice there’s a level of ambiguity that comes along with MBM. Here are some examples: The flexibility of RR&Es can result in an ever-evolving day-to-day. I have a job … Continue reading

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