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Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

We tend to see situations in one of two ways: either events are certain and can, therefore, be managed by planning, investment, and reliable budgets; or they are uncertain, and we cannot manage them. Probabilistic risk managers will think about the future of how they work. Let’s consider a few examples.

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Secure leadership for an insecure economy

Chartered Management Institute

Welcome to the insecure economy – and a whole new set of management challenges Jaroslav Chudej CMgr FCMI recalls a particularly alarming moment from his 20-plus year career in the hospitality sector. It also shows the degree of power that sits in the hands of untrained managers. I put a stop to that.”

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How To Secure Business Financing After Declaring Bankruptcy

Strategy Driven

Firstly, they will worry about why the first business failed and whether it was down to poor management. The investors are a lot more confident because it’s not just you that’s running the business, you have an experienced, successful partner to help you manage the workload, meaning you’re more likely to make it work.

Finance 65
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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. Businesses and management experts, in contrast, tend take the opposite position.

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What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

Not for the highly-regarded work on competition between small numbers of firms with which his career began more than thirty years ago but for more recent work on how carefully structured regulation can improve performance relative to unbridled market forces. Businesses and management experts, in contrast, tend take the opposite position.