Our Current World: Paradigm Shift
Our current business environment is in the midst of paradigm shifts (plural) that are (not necessarily) interrelated but related in such a way they influence each other.
Our current business environment is in the midst of paradigm shifts (plural) that are (not necessarily) interrelated but related in such a way they influence each other.
An important perspective related to decision-making is cognitive dissonance which is generally described as habitual ways of thinking that are negatively biased. The following can serve as a ‘field guide’ of landmines for new and experienced investors and managers to keep in mind.
As I write this article, more (and more) bad/depressing news continues to surface related to wars, famines, paradigms that are disintegrating, etc. While I have works-in-progress related to these situations, I thought it made sense to start on my ‘home turf’ – that is business.
As an (at least symbolic) statement we have advanced in the war on COVID-19 to the point that we can start to address items other than coping strategies. In these articles, I want to touch on a topic stimulated by feedback from Adrian Garcia who is the highly regarded lead instructor and architect of our Kirchner Investment Academy. Adrian reports that the largest stumbling block for new investor ‘students’ relates to land mines around decision making.
In terms of ‘targets’, I have decided to take a different orientation than previous articles. Rather than go beyond the inward facing – self-actualization, etc. context, this article will speculate that maybe the answer is: not looking “in” but looking “out”.
I have lost track of how many times I have thought (and written) that I was ‘coming to the end’ of my “COVID series”. As depressing as that may be – as I look back on initiatives to date, perhaps there has been a ‘silver lining’ in that we have had ample reason to become more familiar with coping mechanisms (arrows) and positive states of mind (targets).
“A man who carries a cat by the tail learns a lesson he can learn in no other way.” This quote has me thinking about cat carrying sessions over the past 60+ years and what I have learned.
It has been a while since we've checked in around some previous themes - in today's case, “values in business”. As a refresher, we are sharing over a dozen articles we have written on this topic.