Business Explained by Stever

Archive for the 'decision making' Category

02 May

Who’s surprised by compact car sales? Spotting trends. In advance.

The New York Times reported that sales of smaller compacts and subcompacts are on the rise, now that we’re in a gas crunch. Industry analysts (who are young enough that they don’t remember the 70s) are calling this “a first.”
I tried to tell a friend that we’ve had cars that got 50-60 mpg for at [...]

29 Aug

Thinking ahead. How far? And how certain?

At a recent physical exam, my weight was a tad above what I want it to be (probably all muscle, but you can never be too sure). So I went web surfing a bit about weight gain trends and found an article proclaiming that obesity is becoming a world-wide problem. It seems the availability of [...]

17 Jul

How far ahead do you plan?

As I write this, oil prices topped $78. In January of 2005, gas was selling for around $1.75/gallon. Now, it’s over $3.
For any business that depends on transportation or petroleum, we just doubled that line item.
Are you assuming this is a temporary spike, and ignoring it? Are you factoring this into your long-term planning? How [...]

13 Jun

Make Your own Luck – a great guide for decision-making under uncertainty

I just finished Make Your Own Luck by Eileen Shapiro and Howard Stevenson. What a great book!
My background is in engineering and science, then business. As an engineer, I really liked that there’s a “right answer.” Or at least, there are clear wrong answers (the bridge will collapse if we make it out of tissue [...]

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