Substituting expert judgment for business judgment

By rickColosimo / May 1, 2013 /

I’ve been reading too much about some fundamentally misguided corporate governance notions from Cornell Law School professor Lynn Stout.  Maybe it’s the author of the piece trying to make something out of nothing, but the article reads as if Prof. Stout simply knows what’s best for corporations, individual shareholders, and institutional investors. While it’s not…

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When you should stick to your knitting

By rickColosimo / January 17, 2013 /

How do you know when you should change your business or keep doing things the same way? Applying two principles, Security and Economy of Force, will help you determine what type of problem you’re facing before you decide how to analyze it. Here, we’re going to talk about making decisions that increase your business’s risk.…

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Principles of War: Mass

By rickColosimo / November 11, 2010 /

Our first principle to convert from military to mainstream business usage is Mass. Here’s the original: Mass – Concentrate combat power at the decisive place and time What mass means from the military perspective is that you bring together whatever forces are necessary to achieve a desired result. An example would be moving forces from…

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Followup: takers and makers

By rickColosimo / October 9, 2010 /

Fred Wilson of Union Square Ventures has a recent short post on two kinds of people: takers and makers. Takers make their money by taking from others. They are usually bad business people and their careers often end in failure. Makers build things. They create value for society, their employees, their shareholders, and themselves. This…

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