Most companies traditionally live by annual planning, collecting the budget in the fall for the next year. This is usually difficult and painful for all participants in the process – the financial department, heads of business areas and their deputies, the board of directors and even shareholders. Why it happens? In the traditional budget cycle, […]
Preparation for annual planning Read More »
Behavioral economics is a fairly relevant area of research by recent Nobel laureates in economics, such as Richard Thaler. Interestingly, this is a very practical area for both business and personal effectiveness. It combines elements of psychology and economics to explain how people make decisions. I am currently reading “Predictably Irrational” by Dan Ariely, having
[Ir]rational [Un]predictability Read More »
Among main questions of aspired entrepreneurs heading for venture capital is about dilution of own share they should agree to in the preseed round, then seed round, and how much in the future it can be, which investor’s requirements are normal and fair, and which are not. Also, one of the first tasks for a
Dilution in startups Read More »
In the XIV-XV centuries, according to many researchers, China had a fleet of the largest ships in history, which significantly exceeded the size of European, and all other, ships of that time. These giant junks, part of the Ming Dynasty navy, played a key role in maritime expansion and trade. The most famous are
Chinese giant ships Read More »
In the process of studying the report on global migration (World Migration Report 2024 – added to the channel chat), I thought that I did not know a normal international fintech service for migrant workers. But this is a market volume of hundreds of billions of dollars per year in international transfers (anchor product for
Fintech for migrants Read More »
OFFICE ORGANIZATION BY 5S If an employee’s desk is always a mess, is it possible to delegate operational decision-making to him within the framework of modern flexible, participatory management? The key to a long-term successful business is organizing an effective working environment and controlling risks at the level of each employee. If there is no
Office organization by 5S Read More »
Last year, my wife and I were in Argentina and Chile – we went hiking in the mountains, as we love – and then I learned that in fact there are German, Croatian, Italian towns throughout the continent. It became very interesting to study the topic. At the beginning of the 20th century, South America
European migration to South America Read More »
After Gary Jennings’ book “Aztec,” I moved on to his later “The Traveler,” about Marco Polo. Of course, these are fantasies, but, as in the case of Aztec, they are very detailed and colorful. Quite convincing based on my knowledge of history. Lots and lots about the Mongols and 13th century China. I recommend it.
The travels of Marco Polo Read More »
A modern manager for his team must, first of all, be a mentor, or, as it is commonly called lately, a coach. This is the main aspect of management that allows a business to thrive. In modern IT companies (and all companies inevitably become IT companies – technology businesses), special attention is paid to the
Mentoring is a key task of a manager Read More »
As we’ve already discussed, formulating OKRs (Objectives and Key Results) is a powerful tool for achieving company goals, but there are common mistakes that can reduce its effectiveness. I will describe the key pitfalls that should be avoided when developing OKRs. For some readers who have long implemented and used OKRs, this may be obvious,
Mistakes when setting business OKRs Read More »
