Tag Archives: Kahneman

Strategy as the Creation of Power: The Lion versus the Fox

This week my blog consists of the review I wrote for Strategy+Business of Lawrence Freedman’s Strategy – a History: Lawrence Freedman defines strategy as the central political art. “It is about getting more out of a situation than the starting … Continue reading

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The 3 “Rs” of Management: Rigour, Relevance and Rationality

The debate between rigour and relevance continues in management education, usually spurred by management professors’ concerns that practitioners are paying little attention to their research. The history of the problem is now familiar: in the first half of the 20th … Continue reading

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Margaret Thatcher: Britain’s Turnaround Guy

The death of Margaret Thatcher, Britain’s Prime Minister from 1979 to1990, and her impending funeral have aroused passions and divisions as fierce as those when she was alive. Conservative Prime Minister, David Cameron, recalled parliament from its Easter recess to … Continue reading

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Management and the Limits of Logic

I grew up in a middle-class English household that was not very intellectual. As a child I was cautioned against ever discussing religion, politics or money round the dinner table. As I grew older, I discovered that these were the … Continue reading

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Practical Wisdom: Homer 1 Spock 0

In his book Thinking, Fast and Slow, Daniel Kahneman, the psychologist who won the Nobel Prize for Economics in 2002, describes two great, fictional systems of human thought (fictional because they don’t actually exist as separate systems). System 1 is … Continue reading

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