Our Strategy Lab translates business ideas that offer real impact by capturing, developing, and applying cutting edge thinking from within and beyond business.
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LEARN MORE"Prediction is useless unless you work to make certain things happen and undermine the possibility of other things. [Without agency], what’s the point of prediction?"
By creating a cycle of learning and forgetting, companies will be better able to adapt to changing environments, evading the mental entrapments of the past.
Key takeaways from the BCG Henderson Institute’s 2024 Science and Business Dinner, where participants discussed the challenges of regulating emerging technologies and proposed novel approaches.
Now that the era of free capital has come to an end, businesses are re-embracing discounting. As strategists re-discover discounting, they should consider how to use it to manage uncertainty, strategize across timescales, and align multiple actors.
"Habituation is diminishing sensitivity to a stimulus. [But] knowledge of habituation makes you more alert to what’s not ideal and more willing to take steps to move things into the right direction."
Munger’s success was built on a system for decision-making—not a classical investment philosophy, but rather a mental discipline underpinning one. We outline four ideas strategists can learn from Munger to think more clearly in turbulent times.
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