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LEADERSHIP: AVOIDING BLACK-SWAN DISEASE

published:2010-07-26 01:00:00

Nassim Nicholas Taleb, the best-selling economist and author of The Black Swan, is famous for his arresting insights. His recent postscript to The Black Swan is no exception: presenting ten lessons from the Global Financial Crisis. Above all, he recommends learning from “Mother Nature” – by making our

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LEADERSHIP: FOR SUCCESS – AND HAPPINESS

published:2010-07-19 01:00:00

Like Professor Clayton Christensen, I’ve faced a life threatening cancer and found it a crucible for clarifying my thinking about what’s important. The day

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LEADERSHIP: TRAINING AND DEVELOPMENT - BUT HOW?

published:2010-07-13 01:00:00

Due to a backlog of new registrations to work through this Potshot has been delayed by a day. Our apology to our regular readers

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LEADERSHIP: THAT ONE KEY LESSON

published:2010-07-07 01:00:00

How do you rate yourself on the following five actions? Showing self-awareness?. Demonstrating authenticity, integrity and compassion? Understanding and engaging people as

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LEADERSHIP: SCALING THE CLIFF FACE

Increase profits and preparedness, and reduce risk exposure
Eradicate market shocks and other nasty surprises

We've all seen the graph.  Starting low at the left, it rises little over the centuries.  Then, in the last hundred years, begins to rise at an alarming rate.  And today, climbs almost vertically – whether plotting the number of patents, the sale of mobile phones or the growth of online commerce. 

Until recently, there were still times of both change and consolidation.  The decade-to-decade graph showed rises but also plateaus.  Times to stretch; times to recover.

Today, we look up an ever-steeper cliff-face.  It's daunting for older players.  But, most of us oldies have come to terms with our obsolescence.  However, it's also daunting for younger people.  It must seem unfair for a newly minted degree to depreciate so fast.  Yesterday's computer-science heroes now serve newer graduates working in nanotechnology, derivatives modelling or molecular pharmacology.

No wonder, they and many leaders feel it's all too much.  Why go on struggling?  Trying to identify emerging shifts in technologies and industry structures  To define competitive opportunities and threats.  And, how to fit all this together in a world of changing alliances and global risks - whether natural or manmade?  And, determine whether my organisation will still be here in three years, let alone ten.

There's an old saying that the price of safety is eternal vigilance.  In business, this was never more true.

So, put on your climbing boots - and get on top of the changes!

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Monitor and shape change, Foster learning and reinventing,



Dr. Timothy Pascoe AM
PhD (Cambridge), MBA (Harvard), BE & BEc (Adelaide)
Creator, V|E|C|T|O|R Leadership®

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