Mostrar mensagens com a etiqueta incerteza. Mostrar todas as mensagens
Mostrar mensagens com a etiqueta incerteza. Mostrar todas as mensagens

quarta-feira, maio 15, 2024

Calibrar a mudança (parte II)

Era minha intenção escrever a continuação da Parte I avançando para mais uma nota retirada do artigo da HBR deste mês. Contudo, a minha leitura matinal de ontem parece-me perfeitamente adequada para servir de ligação ao tema da calibração da mudança:

"We begin with what happens to humans when the future is uncertain, as, for example, when it's not clear what the impact of the new initiative is going to be, or when it's not clear who's in charge or how long that person will be around for.

...

We really don't like uncertainty.

...

Fear and anxiety are different, in other words, because fear comes with an ending. ... But when our stress is not immediately related to an object, then there is nothing to remove in order to alleviate it. This is what's particularly pernicious about uncertainty, then: It is unbounded.

...

But here's the rub: It's very hard to make safety signals for humans at work, precisely because change at work is so often unbounded.

...

Beyond ulcers, another characteristic of our response to uncertainty is that we become less rational.

...

Unbounded uncertaintywhich we can think of as the possibility of disruptive change coupled with the absence of any credible signal that things will return to normal-produces high levels of stress. At the same time, our need for an end to unpredictability leads us to attempt to latch on to anything that offers the promise of a return to certainty, however irrational those things may be."


Trechos retirados de "The Problem with Change" de Ashley Goodall.

terça-feira, junho 27, 2023

Incerteza e desequilibrio

"Principle 1. Value is created in production and innovation and realized in exchange.

...

Principle 2. Value is appropriated through competitive bargaining and pure bargaining.

...

Principle 3. Firms allow stakeholders to create value by offering a governance form to resolve the pure bargaining over the surplus created by team production and team innovation.

...

The fundamental insight to emerge from juxtaposing these analyses [Moi ici: De Schumpeter and Knight] is that (Ricardian) rent is a cross-sectional/equilibrium concept that explains payments above opportunity costs that derive from heterogeneity of individual resources, while (Schumpeterian) profit is a dynamic/disequilibrium concept that explains payments above opportunity costs that derive from heterogeneity of resource bundles.

...

In Schumpeter's (1934) analysis, profit is possible when the entrepreneur moves the economy away from a prevailing competitive equilibrium by combining resources in a new way. More specifically, entrepreneurship is the act of bringing new combinations to market alternatively referred to as "innovation." If (and only if) the new way of combining resources creates more value than before, this will result in an economic profit: the entrepreneur only needs to pay resource suppliers their opportunity costs and appropriates the residual. 

...

There are three important things to note about entrepreneurial profit. First, as our simple example demonstrates, it does not require heterogeneous resources. The reason for the entrepreneurial profit is not that there is something special about any of the resources that are used, but that there is something special about the bundle of resources. Second, note that Schumpeter's analysis only holds under conditions of uncertainty (Knight, 1921). Without uncertainty, why would the entrepreneur be able to appropriate the value created by the bundle of resources that she assembles? The assumption is that the entrepreneur, in organizing resources in a new way, only needs to pay resource suppliers their opportunity costs. However, why would the residual between these opportunity costs and the prices paid for the new product not be subject to ex-ante bargaining between the entrepreneur and resource suppliers? In Knight's view, if the residual was generally anticipated, this is exactly what would happen: the economy would adjust its relative prices and the profit opportunity would disappear. Knight's fundamental insight was that entrepreneurial profit can only result when it is not generally anticipated. This insight also leads into the third point about entrepreneurial profit, which is that it is likely to be a temporary phenomenon. This is the case because once the entrepreneur's innovation proves successful, the previous uncertainty is eliminated. In that sense, we can understand successful innovation as revealing new productive knowledge. Unless there are "isolating mechanisms" that prevent the dissemination of this new productive knowledge, the economic system will adapt: imitation will eliminate the entrepreneurial profit. I

...

Principle 4. Profit is a disequilibrium phenomenon resulting from heterogeneity of resource bundles.

Principle 5. Rent is an equilibrium phenomenon resulting from heterogeneity of individual resources.

...

Principle 6. Economic profit is the result of resource bundles characterized by (1) novelty, (2) unique complementarities, and/or (3) scale advantages.

...

Principle 7. Stakeholder payments are the sum of (1) opportunity costs, (2) rent payments, and (3) the outcome of pure bargaining over economic profit."

Como se cria o desquilibrio? Com a inovação. O que é preciso para criar inovação?

Como se deslinda a incerteza? Só pondo a pele em jogo. Desconfiar de teóricos que sabem onde os outros devem pôr o seu dinheiro. 

Acerca da incerteza, li há dias uma frase que era mais ou menos: Depressão é olhar para trás. A ansiedade é olhar para a frente. E depois: "Anxiety is the price you pay for your freedom."

Trechos retirados de "Value, rent, and profit: A stakeholder resource-based theory" de J. W. Stoelhorst.  

domingo, maio 07, 2023

O que aconteceu? (com as calças na mão)



Auditar uma empresa e perceber que não alteraram a análise do contexto feita em 2022. Segundo a empresa não há mudanças relevantes.

O que podemos pensar disto?

Primeiro, deste artigo de Abril passado, "Building optionality: Balance sheet discipline is both timely and timeless", sublinho:
"The macroeconomic outlook might be even more uncertain now than it was a year ago, which is saying something. Geopolitical risks, strong labor markets, persistent inflation, yo-yoing consumer sentiment, and a host of other confused signals have left business leaders with little certainty about the future. [Moi ici: Mais incerteza significa mais riscos e mais oportunidades] As central banks lift rates, external financing is becoming more difficult for companies across sectors."

Segundo, também de Abril passado, este postal, "Understanding the growth opportunity presented by volatile times", sublinho:

"Today, many companies are experiencing a global economy that feels different to anything they have ever encountered before. It is not just that firms are cutting forecasts, cutting headcount and beset with uncertainty. It is that uncertainty has become the default.

"Businesses are facing all sorts of volatility," says Brad Soper, Partner and Head of Industrials at the commercial growth specialist Simon-Kucher. "There is geopolitical uncertainty, there is banking volatility, there is demand volatility. This is systemically different to what has gone on before, in terms of the frequency and the amplitude of the ups and downs. And there is no doubt that makes it very difficult to sit down and just run a business."

...

"When you have periods of great volatility, that's when a company should be looking at what made them competitive in the first place," says Prof. Kavadias. "Look at what has added value. You can't cut your way out of a downturn, you can only innovate your way out. Cutting without innovating only sets you up for bigger failures in the future.""

Terceiro, também de Abril passado, esta reflexão, "Why uncertainty is your friend if you're looking for big returns", sublinho:

"It's tempting to invest in areas that promise certain returns for a given investment. Unfortunately, by the time an opportunity has become so well understood that anyone could pursue it, it is well on the way to commoditization. To find big payoffs, you must be willing to explore high uncertainty bets.

...

So yes, the transformational space is where the big returns are to be made. But only if you manage them as options on a transformational outcome, not as tweaks to an existing process you understand well.

...

And if you don’t invest in transformation? The commodization monster awaits." 

Os que abraçam a mudança em vez de lhe resistir são os que ganham um lugar no futuro. 

Recuo a 2007 e a "Perceber o futuro" onde escrevi:

"A frase é conhecida "Uns cheiram, percebem o que vem aí e perguntam: "O que vai acontecer?". Outros perguntam: "O que está a acontecer?". Por fim, outros, admirados, confundidos, perguntam: "O que aconteceu?""

quinta-feira, março 30, 2023

Acerca de KPIs

Terça pediram-me uma opinião:

1."Se esse KPI está sempre no verde não interessa para nada, porque não é challenging" Eu fiquei de pé atrás quando ouvi isto. E se por acaso for um KPI relevante? O que opinas? 2. Aliás, o critério último da relevância de um KPI não é o dever estar relacionado com a satisfação do cliente?

Por que seguimos um indicador de desempenho?
  • Recordo daqui: "Once again, the reason why a measurement is important to a business or government agency is because of the existence of risk. Without risk, information would literally have no value to decision making.""
Por que é um indicador pode não ser challenging?
  • Recordo daqui: "Usar indicadores da treta; Usar metas da treta"
  • Um indicador pode ser bom, mas ter um desafio de desempenho tão baixo que acaba por estar sempre no verde. Vem-me logo à cabeça uma empresa que em 2022 teve 8 reclamações, em 2021 teve 9 ou 10 reclamações, e que para 2023 propunha uma meta de não mais de 12 reclamações. O responsável da qualidade queria tudo verde.
  • Como saber se um indicador é bom? Se é um indicador estratégico - Está alinhado com a estratégia?  Recordar o mapa da estratégia. Se é um indicador operacional - Serve para medir a eficácia, ou a eficiência, ou a quantidade
O critério último da relevância de um KPI não é o dever estar relacionado com a satisfação do cliente? Proponho que se desenhe o mapa da estratégia, depois escolher os indicadores nas quatro perspectivas. Na perspectiva clientes equacionar 3 resultados desejados: clientes ganhos; clientes satisfeitos e clientes leais.

segunda-feira, agosto 01, 2022

"Unpredictable demand"

"This week, the $350 bn company [Moi ici: Walmart] issued its second profit warning in just over two months, telling investors that surging inflation, particularly in the prices of food and fuel, was affecting its customers' ability to afford other goods.

...

Consumers are not only worrying that they have less money to spend after filling their fridges and cars, retailers say: more of their discretionary spending is going on experiences they missed out on earlier in the coronavirus pandemic, such as travel and eating out, rather than on clothes, furniture or appliances.

Unpredictable demand, particularly among the most cash-strapped consumers, is only part of the challenge, however. Several companies, fearing a repeat of the supply chain delays that burnt them last holiday season, have been stocking up early this year.

Mattel, the maker of Barbie dolls and Hot Wheels cars, reported last week that its inventories were up 43 per cent year on year, for example, while rival Hasbro also had unusually high inventory levels as it stocked up for toymakers' peak season.

'Importers don't trust supply chains anymore," explained Zvi Schreiber, chief executive of logistics booking service Freightos. 'Retailers are not taking any risk. If they can afford the inventory, they're stocking up ready now for the on » shopping season."

...

But the current combination of historically high inflation and historically low unemployment is one that even retailers of Walmart's vintage have no playbook for, said Stephanie Cegielski, vice-president of research for the shopping centre group ICSC.

"The struggle for everybody right now," she said, is that "we've never seen anything like this."

Mais material para pôr em causa as longas cadeias de fornecimento dos últimos 20 anos, são incompatíveis com elevados níveis de incerteza. Mais material para afectar a tal balança de forças.


Trechos retirados de "'We've never seen anything like this': US retailers compete to clear stock"

quarta-feira, outubro 06, 2021

"sensemaking rather than decision making"

Terminei ontem a 1ª leitura de "Managing the Unexpected - Sustained Performance in a Complex World" de Karl E. Weick e Kathleen M. Sutcliffe. 1ª leitura porque sei que vou ter de voltar a ele mais tarde para uma leitura mais calma, menos ansiosa. Que livro!!!

E a menos de 5 páginas do fim sublinho mais um trecho.

Imaginem uma empresa nestes tempos de incerteza e de mudança acelerada. O que fazer, que decisões tomar? Será sensato ir para aquele mercado? Será sensato lançar aquele produto?

"Gleason, at the time of the following description, was the crew superintendent of the 19-person Zig Zag Hotshot wildland firefighting crew. Gleason said that when fighting fires, [Moi ici: Um exemplo de incertezahe prefers to view his leadership efforts as sensemaking rather than decision making. In his words, “If I make a decision it is a possession, I take pride in it, I tend to defend it and not listen to those who question it. If I make sense, then this is more dynamic and I listen and I can change it. A decision is something you polish. Sensemaking is a direction for the next period.” When Gleason perceives his work as decision-making, he feels that he postpones action so he can get the decision right. And after he makes the decision, he finds himself defending it rather than revising it to suit changing circumstances. Polishing and defending eat up valuable time, preclude learning, and encourage blind spots. If instead, Gleason treats an unfolding fire as a problem in sensemaking, then he gives his crew a direction, a direction which by definition is dynamic, open to revision at any time, self-correcting, responsive, and with more of its rationale being transparent. Polishing and defending a decision mobilizes justifications that necessarily favor some perceptions over others. Those blind spots were the very things that worried Gleason."

quinta-feira, maio 06, 2021

Quando persistir e quando desistir?

Excelente reflexão de Seth Godin acerca da mudança do contexto, a nossa identidade e a nossa estratégia:

"when the world changes, opportunities change as well.

All of us struggle when our identity doesn’t match the reality of the world around us.

In the face of that confusion, it’s tempting to abandon possibility and to walk away from an opportunity simply because it doesn’t resonate with the person we are in this moment. But only when we do something new do we often begin to become someone new."

Faz-me recordar uma frase: não fazemos arte depois de nos tornarmos artistas.

Quando o mundo muda a vida pode ficar mais difícil:

  • devo mudar para aproveitar novas oportunidades?
  • devo manter o rumo e não abandonar a estratégia anterior?
Quando persistir e quando desistir para desviar recursos para experimentar o novo?

Não esqueço o ditado asiático: As oportunidades multiplicam-se à medida que são aproveitadas.

Trecho retirado de "Confusing identity with strategy"

 

quinta-feira, janeiro 07, 2021

"Stop improvising"

 "Most organizations can cope with straightforward bad news, and so can most people. We absorb the shock, and move on. But what happens when we don’t know how bad the news actually is?

When it comes to crises, the news companies must deliver is often potential bad news. 

...

Communicating about uncertainty — what people call ‘risk communications’ in practice — has become one of the most important challenges faced by anyone who needs to convey or consume information.

...

The inherent challenge for risk communicators is people’s natural desire for certainty and closure.

...

To start to repair the trust deficit will require a significant retrofit of existing communications practices. Here are three places to start.

Stop improvising. Firms will never be able to reduce uncertainty to zero, but they can commit to engaging with customers around uncertainty in systematic, predictable ways.

...

Change the metric for success, and measure results. Avoiding negative press should not be the primary objective for firms that are faced with communicating uncertainty. In the short term, the primary goal should be to equip customers with the information they need to interpret uncertainty and act to manage their risk. In the long term, the goal should be to increase levels of ambient trust and to reduce risks where possible. Communicators need to demonstrate that what they are doing is working, by creating yardsticks that rigorously measure the effectiveness of communications against both these short and long term goals. ... Design for risk communications from the beginning. Consider what it would mean if every product were built from the start with the need to communicate uncertainty about how it will perform when released into the wild — that is, “risk communication by design.” 

...

People are naturally inclined to prefer certainty and closure, but in a world where both are in short supply, trust deficits aren’t an inevitable fact of nature. We’re optimistic that organizations can do better collectively by making disciplined use of the existing science."

Trechos retirados de "The Art of Communicating Risk" 

segunda-feira, junho 15, 2020

"The biggest challenge for many business leaders is to see their role as orchestrating, not commanding"

"The business leaders who are best at managing in uncertain worlds also rely on systems thinking that allows them to sort out complex problems, the report concluded. They prioritize diverse inputs, teamwork, and partnerships. These leaders assemble the best team they can, and trust that team to find the information the organization needs to get through a crisis.
.
“These CEOs understand they don’t need to know it all themselves,” 
...
expects the U.S. economy to contract by 11 percent by the end of the year. Significantly, it estimated that 60 percent of that contraction will be the direct consequence of uncertainty: that is, a condition in which important information is unknowable.
.
Because nobody knows what is next, no CEO reasonably can be taken to task for not knowing everything. That provides an opening for leaders who have deployed top-down, command-and-control leadership styles to switch to a mind-set that helps them and their teams better navigate uncertain conditions.
.
Leaders don’t have to like dealing with uncertainty in order to master it. “You can be uncomfortable with uncertainty. We don’t grow if we don’t feel uncomfortable,”
...
The biggest challenge for many business leaders, in Leavitt’s view, is to see their role as orchestrating, not commanding. That means making sure your employees are in touch with their own desires and potential just as much as your business is aligned with its sense of purpose.
.
The point isn’t for CEOs to be the hero, Leavitt said, but for them be able to say, once they are past the crisis: “Look at how the team was built up during this time! Look at what they did! Look how they stepped up!”
.
That behavior makes all the difference between whether employees respond to uncertainty by becoming more creative and proactive, or overstressed and paralyzed. The ability to cope with uncertainty and keep pursuing your mission will be the difference between success and failure."


quinta-feira, fevereiro 13, 2020

Incerteza e riscos

"The Chinese province where the virus originated, with a population greater than South Korea, is under quarantine, while streets are empty and factories sit idle. How this plays out is uncertain, but what is certain is that the virus has the potential to change China in fundamental ways — and even if it does not, it should change the way we think about China.
...
The only thing that is certain is that we cannot assume China’s future will resemble its recent past." (Fonte: "The most lasting impact of coronavirus" publicado no Washington Post de ontem)
"China’s coronavirus outbreak has scrambled the global trade in commodities, hitting the country’s massive appetite and challenging global supply lines set up to feed it. Markets for essentials like natural gas, copper and pork have all swooned amid worry over a broad weakening of demand. Prices for some natural resources are plumbing multiyear lows. Chinese companies are canceling orders for crude oil and other commodities, and the country’s once-heaving ports are quieter. Analysts say the disruption could be long lasting, as stockpiles of commodities grow and ships lay idle." (Fonte "Virus ShakesUp Global Supply Lines" publicado no Wall Street Journal de ontem)

Entretanto, mandaram-me um e-mail com este texto:
"Depois da Kuka, da KraussMaffei, da Putzmeister, de parte da Osram e tantas outras, continua o take-over tecnológico silencioso…
Há dias ao ler um jornal espanhol fiquei a matutar na situação alemã:
  • a herdeira de Merkel demite-se
  • cerca de 100 mil empregos na indústria automóvel em risco com a disrupção em curso
A Alemanha é a locomotiva económica europeia por excelência.
A China com o primeiro trimestre de 2020 arruinado, pelo menos esse.

Como é que a sua empresa está a preparar-se para o impacte destes fenómenos?





terça-feira, janeiro 21, 2020

“The core problem is uncertainty”

"It was expected, perhaps, but still startling. In its 22nd Annual Global CEO Survey, PwC asked 1,378 top business leaders from around the world which territories (excluding their own) they considered the most important for their company’s growth prospects in the next 12 months. The world’s chief executives were noticeably noncommittal. As many as 15 percent of them answered “don’t know” in 2019, up from 8 percent the previous year.CEOs in the United States were even more dubious: 14 percent of them didn’t consider any other markets suitable for growth, up from only 2 percent in the 2018 survey.
...
This shift in attitude is already reflected in business investment. Of the 31 percent of CEOs who said they were “extremely concerned” about trade wars, 45 percent said they were shifting their supply chain strategy, and 25 percent said they were shifting their growth strategies to other territories.
...
Fundamental aspects of the global economy have been shifting for more than a decade. Elements undergoing change include costs for manufacturing (including labor costs, which are rising), new technological platforms (such as those associated with Industry 4.0), stronger suppliers and other businesses in emerging markets (which are maturing), middle-class consumer populations around the world (which are growing rapidly in emerging markets and shrinking in other places), and political and regulatory uncertainties.
...
A new model of market expansion strategy — we call it “internationalization” — is replacing the globalism of the early 2000s. This model acknowledges that the global business ecosystem now includes many small and medium-sized enterprises and ambitious family businesses, often based in emerging markets, linked together by collaborative supply chains and platforms. At the same time, larger companies with established global supply chains have realized that they need to bring their operations closer to the demand they are targeting. The trade tensions of 2019 have heightened awareness of these dynamics, and accelerated the business response to them.
...
To be sure, global trade will still thrive, but there will be more regional concentration. Rather than shipping goods around the world from cheaplabor hubs, companies manufacture goods for Asian customers in Asia, for European customers in Central Europe, and for North American customers in Latin America. They develop regional footprints, sourcing from more locations."
Interessante:
"The World Trade Organization (WTO) published a report in June 2019 showing that G20 nations had implemented 20 new restrictive trade measures between October 2018 and May 2019, including higher tariffs, import bans, and new customs procedures for exports.
...
All this has had a chilling effect on international commerce. Imports by G20 economies were 1.2 percent lower in the first quarter of 2019 than they were a year earlier, whereas exports were only marginally (0.4 percent) higher, Organisation for Economic Cooperation and Development figures show. “The core problem is uncertainty,” said Piyush Gupta, chief executive of Singapore’s largest domestic bank, DBS, in an interview with strategy+business. “There’s a general environment of skittishness.”"
Trechos retirados de "Growth strategies for an uncertain world"

terça-feira, abril 30, 2019

"you do not fight complexity with complexity"

"“Modern finance is complex, perhaps too complex. Regulation of modern finance is complex, almost certainly too complex. That configuration spells trouble. As you do not fight fire with fire, you do not fight complexity with complexity. Because complexity generates uncertainty, not risk, it requires a regulatory response grounded in simplicity, not complexity
...
Heuristic strategies are simple rules of thumb that solve complex uncertain situations precisely because of their simplicity, not despite it. More calculation, time, and information are not always better. Less can be more.
...
A good heuristic can be better than a complex strategy when used in the proper environment. Less can be more. The recognition heuristic is ecologically rational when a correlation exists between recognizing an option and the criteria for judgment.
...
One main point in the business world is that entrepreneurs can generate profit in the markets, à la Knight, precisely because they intelligently deal with immeasurable, irreducible uncertainty.
...
In most business situations knowledge is much less than perfect and uncertainty prevails over risk. Heuristic strategies that are successfully used in business decision-making exploit the structure of information in the environment, rely on simplicity to overcome the complexity of situation, and are indispensable when faced with irreducible uncertainty. One central observation is that less can be more. That is, less information, calculation or time, can be beneficial under particular circumstances to achieving a given task."
Trechos retirados de "Risk, uncertainty, and heuristics" de Shabnam Mousavi e Gerd Gigerenzer, publicado por Journal of Business Research 67 (2014) 1671–1678

quarta-feira, julho 19, 2017

sexta-feira, julho 14, 2017

Stress-test

"Companies often maintain a list of the main risks that managers believe they face, which they report as their “risk register” in annual reports. These include discrete operational events, such as major industrial accidents, cyberattacks, or employee malfeasance. If they take the next step to quantify those risks, many simply turn to that list and model them, often for the first time, onto their financial outlook. That’s a good start, as it gives managers some insight into how sensitive the company’s financial health is to changes around individual risks, which many companies don’t do. But measuring individual risks discretely does little to illuminate a more complex landscape of interrelated risks that often move together in the real world. That requires the further step of coherently clustering risks together into scenarios.
...
Scenarios are more appropriate because they help managers consider the effects of a variety of severe but plausible scenarios without being farfetched. They can also accommodate interaction effects among sensitivities.
...
We frequently encounter companies willing to model broader, everyday market variables, such as GDP or inflation, or more specific variables, such as the rate of formation of new companies. But we seldom find companies willing to model more extreme variables (see sidebar, “Stress testing for an energy utility company”) or one-off events, such as a cyberattack or a natural disaster. The data to measure the effects of the former are fairly easy to come by, some argue, while reliable data on the latter are not. Others believe that their employees would sufficiently rally together to counter such events."
Trechos retirados de "Stress testing for nonfinancial companies"

domingo, junho 04, 2017

"The choice for a sure bet"

"people overwhelmingly opt for certainty, regardless of whether that certainty is in the present or the future, or whether it pertains to gains or losses. Interestingly, these findings break with a foundational theory of behavioral economics first outlined in 1979.
.
Prospect theory, as it’s known, asserts that when there is something to be gained, we tend to choose certainty over uncertainty.
...
These contrasting preferences have been replicated hundreds of times by hundreds of researchers across myriad contexts, which is why Hardisty and Pfeffer were puzzled by results at odds with the theory’s predictions. By injecting temporal considerations into the equation, the researchers found that even when people face losses, they favor certainty over uncertainty.
...
“People really don’t like the complexity and cognitive load of making decisions under uncertain circumstances,” says Pfeffer. The choice for a sure bet, he says, may be the mental equivalent of shrugging in resignation."
Trechos retirados de "Why Uncertainty Makes Us Less Likely to Take Risks"

domingo, abril 23, 2017

Almas gémeas!

Ontem de manhã o @joaops chamou-me a atenção para este texto de Nassim Taleb "On Interventionistas and their Mental Defects". Quando ao final da manhã, durante uma caminhada, o ouvia não pude deixar de ficar surpreendido.

Primeiro, Nassim Taleb conta a história de Anteu,  muito forte quando estava em contacto com o chão (ou a Terra, a sua mãe), e muito fraco se fosse levantado ao ar:
"like Antaeus, you cannot separate knowledge from contact with the ground. Actually, you cannot separate anything from contact with the ground. And the contact with the real world is done via skin in the game –have an exposure to the real world, and pay a price for its consequences, good or bad. Most things that we believe were “invented” by universities were actually discovered by tinkering and later legitimized by some type of formalization."
Não pude deixar de relacionar esta estória de Anteu com o tema das sanitas da passada sexta-feira.

Segundo, Nassim Taleb martela nos neocons usando aquilo que há anos chamo aqui de amadores a jogar bilhar:
"O que acontece é que os políticos tomam as decisões, como eu jogo bilhar… quando jogo bilhar só consigo jogar a pensar naquela jogada. Um profissional do bilhar quando pensa na jogada que vai fazer, equaciona e prepara já o terreno para as jogadas seguintes."
Versus:
"these interventionistas not only lack practical sense, and never learn from history, but they even make mistakes at the pure reasoning level, which they drown in some form of semi-abstract discourse. The first flaw is that they are incapable in thinking in second steps and unaware of the need for it –and about every peasant in Mongolia, every waiter in Madrid, and every car service operator in San Francisco knows that real life happens to have second, third, fourth, nth steps." 
Terceiro, algo que me fez lembrar o que aprendi com Deming com o jogo/experiência do funil:
"And when a blow up happens, they invoke uncertainty, something called a Black Swan, not realizing that one should not mess with a system if the results are fraught with uncertainty, or, more generally, avoid engaging in an action if you have no idea of the outcomes."
Almas gémeas!

sexta-feira, janeiro 27, 2017

Para reflectir acerca da incerteza

"uncertainty seems to be breaking out all over the place. Given the political earthquakes we’ve witnessed in the U.K. and the U.S., “you need to prepare yourself for several years of uncertainty,”
...
It makes sense that uncertainty is the watchword of the day. Significant changes are afoot in the structures governing our economy
...
But here’s the thing: Business has always been uncertain, even when it seemed predictable. The television financial pundit Jim Cramer likes to say that there’s always a bull market somewhere. The corollary is that there is always a bear market somewhere else. Industries are forever being born, and business models, worldviews, and understandings are continually under assault. It’s just that some of the companies facing sudden uncertainty today ... have become accustomed to relative stability in this current economic expansion, which dates to 2009.
...
It’s a natural human tendency to want certainty, and to have a bias toward it. Imagine how difficult it would be to wake up each morning not being entirely sure that the enterprise is on the right path, or that your assumptions about how the world works are correct.
...
But even when things seem certain — especially when they seem certain — they may not be. Events continually upset the conventional wisdom. Reading history, it’s often astonishing, in hindsight, how countries, companies, and people carried on as if everything were normal, certain in their path, until the moment they were swamped by a tidal wave whose formation was easily detectable ... lots of people would prefer to ignore prospective changes than to start preparing for them.
...
One of the best ways to prepare for uncertainty is to accept that things are inherently less certain than we may have thought."
Trechos retirados de "Executives of an Uncertain Age"

segunda-feira, julho 18, 2016

E se acontecer uma quarta vinda do FMI ...

"In my view, the future is built out of three pieces. It’s what comes from the past—existing trends and established commitments. It’s what comes from the future—new business models, new technologies, or new value systems. And it’s the decisions we make today.
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Whether it’s a country, a business, or an individual looking at family and career, foresight is a means to be adaptable and robust in the face of scenarios that might knock you off a path to success. [Moi ici: Fragilista é acreditar que os astros se vão alinhar para nos servir. Treta da grande!] And it’s a means to identify new models that might be opportunities to deliver new value.
...
It’s also very important that the process is neutral, in the sense that you need to be able to look at all possible scenarios, whether you like them or not. A neutral, independent platform, process, and research effort is extremely important for putting issues on the table that, sometimes, people have difficulties talking about because their implications might be scary or uncomfortable.
...
You need to open people up enough that they can be comfortable with the uncomfortable. They have to learn to make decisions under uncertainty."
E se acontecer uma quarta vinda do FMI, a sua empresa vai estar preparada?

Trechos retirados de "How Do You Plan for Uncertainty?"

sexta-feira, abril 08, 2016

Lidar com a incerteza

Basta recordar os marcadores:

  • cortisol; e
  • locus de controlo
Para enquadrar este texto "9 Methods For Embracing Uncertainty":
"1. Stay positive and choose your beliefsYour beliefs shape your reality and your world: beliefs about yourself, what you’re good at, ... People who are good at change are optimists at their core.
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2. The change guaranteeThis states that, "From this situation, something good will come." Write this down somewhere you will see it often. Write it in your office for others to see. ... be obsessed with your attitude, how you show up—especially in the midst of change. ... they are not focused on the past (the deal they did not get or the bad decision they made); they do not compare themselves to others; they do not play the "poor me" game (how unlucky they have been); and they keep a sense of newness and momentum.
...
4. Meet the change demons!People who are good at change are very human; they make mistakes, they feel their emotions, but know how to move past them. ... Find the emotion that is stronger—for example, instead of blaming someone for the major mess-up that happened, how can you take responsibility for fixing it?
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5. Accept changeChange itself is not the hard part; resistance to the change is.
...
  1. What do you need to stop resisting? (e.g. changing the business model)
  1. What do you need to get honest about? (e.g. your overspending)
  1. What are you avoiding? (e.g. firing someone you know is not working out)
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6. You can’t control everythingDo not try and control other people. Instead, control your language and the words you use; ... Your inner state is the only thing you really can control.
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9. Take action...
When it comes to action, it is the small changes that create the bigger results, over and over. Little things are not little for the entrepreneur—they are everything. If something does not work, continue changing your approach. Do not simply think about it—get on the court and try it. You will get feedback very soon."
 Não se deixar contaminar pelos Pigarros desta vida é fundamental.



quinta-feira, fevereiro 11, 2016

Decisions Under Uncertainty

"There are decisions where:
1. Outcomes are known. This is the easiest way to make decisions. If I hold out my hand and drop a ball, it will fall to the ground.
2. Outcomes are unknown, but probabilities are known. This is risk. Think of this as going to Vegas and gambling. Before you set foot at the table, all of the outcomes are known as are the probabilities of each. No outcome surprises an objective third party.
3. Outcomes are unknown and probabilities are unknown. This is uncertainty.
We often think we’re making decisions in #2 but we’re really in #3."
Trechos retirados de "Decisions Under Uncertainty"