Tuesday, January 12, 2010

Practice Comes First

"Decision makers need to factor into their present decisions the "future that has already happened" Peter F. Drucker

Action: Are the premises that you base your decisions on obsolete? Do you need a new intellectual framework to win in the market, as it exists today? Dr. Peter F Drucker

In order to truly do justice to this question and action call, one would have start with the "predictive decision processes" each of you currently utilize. I know none of you are simply extrapolating from the past....right? Then see if there is anything better out there. Pretty straight forward stuff, so today I'm going to give you a partial reading list whose learnings you can apply to your own practice. I am sure you will find something useful in each of these (also, this is by no means exhaustive, they are simply the ones I remember reading). And remember the words of the immortal Bohr: "Prediction is very difficult, especially if it's about the future."

Art of the Long View, The by Peter Schwartz
Blue Ocean Strategy by Kim W. Chan


Have fun with this one testing "what you know you know". It will always be the assumptions you would bet your bottom dollar on which turnout to be on shaky ground.

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