Blog
What is Occam’s Razor
Is it Ockham or Occam? In philosophy, a razor is a principle that allows one to eliminate, or shave away, unlikely explanations to a logical problem, thus avoiding unnecessary actions. Occam’s razor, also spelled Ockham’s razor or Ocham’s razor, is a problem-solving principle according to which, when presented with competing theories as possible solutions to
Business Quotes by Thomas Edison
“A genius is often merely a talented person who has done all of his or her homework.” “A good intention with a bad approach often leads to a poor result.” “Anything that won’t sell, I don’t want to invent. Its sale is proof of utility, and utility is success.” “Be courageous. I have seen many
Applying the Broken Window Theory in Business
The origin In 1982, James Q. Wilson, an American political scientist and professor at UCLA and Harvard University, and George Kelling, an American criminologist and professor at Rutgers University, published a research article in the Atlantic titled Broken Windows – The Police and Neighborhood Safety. In it, they reported their observations that disorder and crime
Business Quotes by Lee Iacocca
“Any supervisor worth his salt would rather deal with people who attempt too much than with those who try too little.” “Apply yourself. Get all the education you can, but then, do something. Don’t just stand there, make it happen.” “Bad times are indelible. They stay with you forever.” “Be creative. Use unconventional thinking. And
The Pareto Principle – 80/20 Rule
A universal rule The Pareto Principle, or Pareto Rule, or 80/20 Rule asserts that, in any situation, approximately 80% of the results are generated by 20% of the activities. Or, in other words 80% of effects are generated by 20% of causes. The Pareto Principle gets its name from Vilfredo Pareto, an Italian sociologist and
Business Quotes by Jim Collins
“A company should limit its growth based on its ability to attract enough of the right people.” “A culture of discipline is not a principle of business, it is a principle of greatness.” “All companies have a culture, some companies have discipline, but few companies have a culture of discipline. When you have disciplined people,
Hire an Executive Coach to Win
An Executive Coach by your side Successful world-class athletes, including golfers and tennis players, and world-class CEOs, from entrepreneurs to Fortune 500 CEOs, have had executive coaches by their sides for a long time. However, although executives and managers would certainly benefit from similar coaching, not enough are taking advantage of the opportunity. Executive coaches