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Showing posts from May 20, 2011

10 Websites To Make You Think

Supposedly browsing the internet requires more brain power than watching television. Although judging from some of the websites we’ve come across that assumption is cast into doubt. Here’s some of the sites we like that might get your brain to sit up and listen. TED A conference that started in 1984 bringing together experts in technology, entertainment and design quickly grew into so much more. The conference itself is invitation only, but the website features all the talks at the conference in high res video format. New Scientist The New Scientist website carries new articles from the magazine as well as the NS archive of over 76,000 pieces. Big Think The Big Think website is a collection of ‘global thought leaders’ who offer their thoughts and analysis on world events and other important developments Cafe Scientifique ‘for the price of a cup of coffee or a glass of wine, anyone can come to explore the latest ideas in science and technology’ The idea behind Cafe Scientifique ...

Dunning–Kruger effect

The  Dunning–Kruger effect  is a  cognitive bias  in which unskilled people make poor decisions and reach erroneous conclusions, but their incompetence denies them the  metacognitive  ability to appreciate their mistakes. [ 1 ]  The unskilled therefore suffer from  illusory superiority , rating their ability as above average, much higher than it actually is, while the highly skilled underrate their own abilities, suffering from illusory inferiority. Actual competence may weaken self-confidence, as competent individuals may falsely assume that others have an equivalent understanding. As Kruger and Dunning conclude, "the miscalibration of the incompetent stems from an error about the self, whereas the miscalibration of the highly competent stems from an error about others"  The hypothesized phenomenon was tested in a series of experiments performed by Justin Kruger and David Dunning, both then of  Cornell University . [ 2 ] [ 5 ] Kruger ...

All About Strategic Planning

Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not. The focus of a strategic plan is usually on the entire organization, while the focus of a business plan is usually on a particular product, service or program. There are a variety of perspectives, models and approaches used in strategic planning. The way that a strategic plan is developed depends on the nature of the organization's leadership, culture of the organization, complexity of the organization's environment, size of the organization and expertise of planners. Understanding Strategic Planning Introduction -- What is Strategic Planning? - - -  Some Basic Descriptions of Strategic Planning -- and a Comparison to Business Planning - - -  Some Different Models of Strategic Planning - - -  For-Profit Versus Nonprofit Strategic Planning Benefits of Strategic Planning When Should Strategic Pla...

Language affects half of what we see

The language we speak affects half of what we see, according to researchers at the University of California, Berkeley, and the University of Chicago. Scholars have long debated whether our native language affects how we perceive reality - and whether speakers of different languages might therefore see the world differently. The idea that language affects perception is controversial, and results have conflicted. A paper published this month in the journal  Proceedings of the National Academy of Sciences  supports the idea - but with a twist. The paper suggests for the first time that language affects perception in the right half of the visual field, but much less, if at all, in the left half. The paper, "Whorf Hypothesis is Supported in the Right Visual Field but not in the Left," is by Aubrey Gilbert, Richard Ivry and Paul Kay at UC Berkeley and Terry Regier at the University of Chicago. This new finding is suggested by the organization of the brain, the researchers say....

MBA Mondays: Every Monday A New Topic

Table of Contents How To Calculate Return On Investment The Present Value of Future Cash Flows The Time Value of Money Compounding Interest Corporate Entities Piercing the Corporate Veil Accounting The Profit And Loss Statement The Balance Sheet Cash Flow Analyzing Financial Statements Key Business Metrics Price: Why Lower Isn't Always Better Projections, Budgeting and Forecasting Scenarios Budgeting In A Small Early Stage Company Budgeting In A Growing Company Budgeting In A Large Company Forecasting Risk and Return Diversification Hedging Currency Risk In A Business Purchasing Power Parity Opportunity Costs Sunk Costs Off Balance Sheet Liabilities Enterprise Value and Market Value Bookings vs Revenues vs Collections Commission Plans What A CEO Does What A CEO Does (continued) Outsourcing Outsourcing vs Offshoring Employee Equity Employee Equity: Dilution Employee Equity: Appreciation Employee Equity: Options Employee Equity: The Liquidation ...