The Art of War Summary Sun Tzu was a Chinese general, strategist, and writer, born in 544 BC. Smart and quick-witted, Tzu established a remarkable philosophy of military strategy that he compiled together in The Art of War. Often focusing on tactics beyond the bloodshed of physical battle, The Art...
The Butterfly Effect The term "butterfly effect" was coined in the 1960s by Edward Lorenz, a meteorology professor at the Massachusetts Institute of Technology, who was studying weather patterns. He devised a model demonstrating that if you compare two starting points indicating current weather tha...
The DIKW Pyramid (Data, Information, Knowledge, Wisdom) The DIKW Pyramid represents the relationships between data, information, knowledge and wisdom. Each building block is a step towards a higher level - first comes data, then is information, next is knowledge and finally comes wisdom. Each ste...
Claes Janssen during 1964-75 created the ‘Four Rooms of Change’, (often erroneously known as the ‘Change House’); whilst it is used as a psychological model it also is a valuable tool to help people understand and move through elements of change. Each of the four rooms represents different ‘state...
Stresslaxing Stresslaxing is a relatively new term, but in recent times, more people are experiencing it than ever before. Stresslaxing: Being so stressed that relaxing makes you more stressed because you’re not working on what’s making you stressed. Even though stresslaxation is a new term, it de...
What is hockey stick growth? Hockey stick growth is a pattern in a line chart that shows sudden and extremely rapid growth after a long period of linear growth. The line connecting the data points resembles the shape of a hockey stick. The term is often used to describe what happens when a startup...
What is a Digital Transformation Strategy? A Digital Transformation Strategy is a plan of action describing how a business must strategically reposition itself in the digital economy. As customer habits change so do the way winning businesses operate. They innovate, change operating and business mo...
First Things First by Stephen Summary and Analysis “What we believe about ourselves and our purpose has a powerful impact on how we live, how we love, and what we learn.” – STEPHEN COVEY The Clock and the Compass “Basing our happiness on our ability to control everything is futile. While we do c...
VRIO Framework VRIO framework is the tool used to analyze firm’s internal resources and capabilities to find out if they can be a source of sustained competitive advantage. Term VRIO comes from the words value, rarity, imitability and organization. When using the VRIO framework, you will identify...
The Rashomon Effect The Rashomon Effect is a term used to describe how a single event can be described in a variety of ways due to the unreliability of multiple witnesses. The witnesses’ unreliability and subjectivity are a result of situational, social and cultural differences. The term “Rashomon...