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The upside of losing innovative employees to competitors
Aside from offering benefits, they often rely on non-competes, trade secret protection and other legal means to avoid losing important talent and letting knowledge get into the hands of competitors…
Bioenergy in China: Can China learn from Germany’s experience?
Despite signals of weaker growth for the Chinese economy, China’s appetite for energy is untamed. The International Energy Agency predicts that more than 1,300 GW of power generation will be added…
Germany offers blueprint for energy use
As Russia seeks new ways of stimulating economic growth, the Economic Development Ministry under Alexei Ulyukayev in late January issued a plan to foster competition in the non-natural resource…
7 ‘must do’s’ for successful luxury goods marketing
In luxury brand management, most industry players have realized that experiences are essential. However, most of what we know about designing customer experiences originates from work developed with…
High risk industries need error management
And dealing with them means to analyze them, learn what went wrong, and see that it can be changed to prevent this mistake in the future. The same should happen in business, most importantly in high…
Error management: Not just a wing and a prayer
The financial markets crisis began in 2007 and unfolded with increasing severity. At the time, we were dumbfounded that big-name banks had taken such disproportionately high risks with their…
The limits of leading others
The story On June 24, 1994, a B-52H Stratofortress bomber was taxiing toward takeoff at Fairchild Air Force Base near Spokane, Washington. The plane was part of the 92nd Bomb Wing. Its call sign was …
What business can learn from airline accidents
Thirty years ago, the aviation industry realized that many errors and airline disasters were caused by a lack of open communication in the cockpit rather than technical problems. The first report on…
Interview: Initiating a new framework for active error management
What first made you draw parallels between the world of business and the high risk aviation industry? In management we tend to focus on success stories. But I was more interested to learn why strong…
Fintech - a complex disaster in the making
And of course it is. It’s startup material, where little investment can result in instant millionaires. It’s a new kind of tech, with prospects of blue oceans. And it’s taking place in the midst of…