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Book Summary: Ackoff’s Best His Classic Writings on Management by Russell L. Ackoff

This book collects provocative, insightful essays by Russell L. Ackoff, architect turned city planner turned behavioral scientist turned professor. True to his convictions about systems thinking, his pieces form a coherent whole. Like a successful system, the whole of this book is greater than the sum of its parts. And what parts: the roots of …

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Article Summary: The Modern Supply Chain Is Snapping, The coronavirus exposes the fragility of an economy built on outsourcing and just-in-time inventory

Can’t find your favorite shampoo or toothpaste in the store anymore? Blame the modern supply chain. Indeed, the coronavirus crisis has revealed how fragile our global supply chains have become. Find out why so many Western manufacturers today are left scrambling to find crucial ingredients and components for their products in today’s summary:

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Report Summary: A Structured Approach to Strategic Decisions by Daniel Kahneman, Dan Lovallo and Olivier Sibony

Discipline and structure have improved the process of hiring at Google, Amazon, and McKinsey. Now Nobel Prize-winning cognitive scientist Daniel Kahneman – the originator of the structured interviewing process these companies used – believes a similar method could enhance strategic decision making, too. Kahneman and his co-authors, business strategy experts Dan Lovallo and Olivier Sibony, …

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Article Summary: With Goals, FAST Beats SMART by Donald Sull and Charles Sull

Goals that are SMART (“specific, measurable, achievable, realistic and time-bound”) aren’t, in fact, the most intelligent choice for your firm – so say strategy consultant Charles Sull and management lecturer Donald Sull in this research-laden MIT Sloan Management Review article. For best results, the Sulls urge, set FAST goals: “frequently discussed, ambitious, specific and transparent.”

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