Disrupting beliefs: A new approach to business-model innovation

Established business models are under attack. Discover how incumbent companies can reframe them. Here's an idea from McKinsey & Company about how you might explore disrupting the business model in your industry.

Building Business Acumen

Business acumen is keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome. "Business savvy"and "business sense" are otten used as ynooyms, but they don't describe what people with business acumen do differently than those who are lacking the skill.

The Difference Between Instinct and Intuition

We use the words instinct and intuition interchangeably. And while they do exist on the same spectrum, there’s still a crucial difference between the two ideas. Instinct comes from the word instinctus, or, “impulse,” meaning it’s a biological tendency. It’s the transient reaction that happens in our bodies, apropos of right now. Intuition comes from the word intuitio, or, “consideration,” meaning it’s an accumulated belief. It’s the ongoing collection of experiences, apropos of everything up until now.

Instinct Can Beat Analytical Thinking

Psychologist Gerd Gigerenzer has spent his career focusing on the ways in which we get things right, or could at least learn to. In Gigerenzer’s view, using heuristics, rules of thumb, and other shortcuts often leads to better decisions than the models of “rational” decision-making developed by mathematicians and statisticians. At times this belief has led the managing director of the Max Planck Institute for Human Development in Berlin into pretty fierce debates with his intellectual opponents.

I spent years discovering the simple tactics gurus like Oprah, Einstein, and Buffett used to become successful—here they are

Despite having way more responsibility than anyone else, top performers in the business world often find time to step away from their urgent work, slow down, and invest in activities that have a long-term payoff in greater knowledge, creativity, and energy. As a result, they may achieve less in a day at first, but drastically more over the course of their lives. I call this compound time because, like compound interest, a small investment now yields surprisingly large returns over time.

Intuition vs Data: Should You Trust Your Gut?

Every decision we make - stay in or go out, shoot or pass, stick or twist - is an instantaneous cocktail of different motivations and information. We make our choices with our heart, our head and our guts - but should we trust our emotional intuition, or is a reliance on cold, hard facts the safest way to go? Nothing beats the the thrill of a big decision, so we’ve put together an infographic that looks into how data-driven decision-making measures up against the gut-given power of intuition.

24 Books To Hone Your Strategic Mind

Here are some of the best (and most accessible) books, essays and documents about strategy. Used properly they will help you craft your strategic mind.

10 Simple Steps To Cultivate The Gift Of Intuition

Intuition is a wonderful gift but despite what you believe, we all have it and can access it to the fullest if we want to. Some people are naturally gifted with intuition and seem to harness its power sometimes without even being aware of it. Quite often this is because it becomes second nature or because they have allowed it to be an ally since they were children and so it feels as natural as thinking or calling a memory.