Warning! Not for the faint of heart 🙂
What you probably missed this week that could be life-changing. You may have read some of my writings, but here’s a summary of some articles that you may have missed, and could be transformational.
You’d think that if you had your competitors’ insider information and resources at your disposal, you’d have a competitive advantage. Right? Think again!
Because firms with such access have seen a decline in their performance, but how’s that even possible? Who is tracking these stats in the first place? And how?
You have two options:
But here’s the kicker:
On average, 2 out of 3 M&As result in a drop in combined value, and among those that succeed, only a minor boost in valuation is achieved.
What about benchmarking?
The problem with benchmarking is different. When benchmarking, we tend to focus on short-term tactical improvements instead of long-term strategic thinking.
So, what are your options? Read the full article here!
Forensic accountants sometimes use this one simple method to detect fraud. This same method is sometimes used by tax authorities to trigger audits. But when triggered, it doesn’t always mean there’s fraud, which is why you can use it for both:
Audit prevention and possible fraud detection.
The method is based on numbers, and even though it’s easier than the 80/20 rule, it’s not as known as the Pareto Principle in the non-financial business community.
The method is called Benford’s Law, and you can apply it with a simple Excel sheet.
Nature’s extraordinary formations can teach us some lessons in business management and leadership. These complex formations happen without any central command of any kind.
How’s that possible?
It’s counterintuitive. What’s even more stunning is that they’re made possible with only three simple rules:
- Collision avoidance: avoiding collisions with other neighbors.
- Velocity matching: the speed and direction are in sync by matching their velocity to their neighbors.
- Flock centering: maintaining close proximity to their neighbors.
So, how can you apply them to increase performance in your organization? Read the full article to find out.
Luck will always flow in and out of your life, and, most likely, it has already played a significant role in your past achievements, failures, love life, and much more…
Luck appears to be a random and ethereal currency for success.
But what if there were ways to limit the randomness effect of the luck factor and increase your odds of success? Here are 5 things you can do!