September 2017
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Throwing Good Money After Bad

When do you pull the plug? Part 2

 

Knowing when to walk away is important, and often I walk away long after it is wise to go. It took the abrupt realization that my startup had run out of money to realize that the time had come. We needed to put more money in to keep it [...]

When Do You Pull The Plug?

Knowing when to say when takes a little preparation

Someone asked me an excellent question the other day, “When do you know to give up?” It was a superb question and she touched on a key dilemma. We’re always taught to do our best, she said, and work until we achieve our goals, but sometimes success isn’t [...]

“You’re Not Getting a New Bike”

Answers to questions you haven’t asked can speak volumes
 
I live in the middle of Copenhagen, where the best way to get from A to B is on a bike. A few years ago, I bought a new bicycle. A month later I was outside the shop asking the owner why the rear brake had gouged the frame.
 
“I don’t know”, [...]

Of Course You Can Trust Me

Probability vs. Vulnerability or “What if I trust you, but shouldn’t have?

Danish Amagerbanken went bust on Sunday, which is a drag. Their shareholders feel betrayed, as do their customers, and given that the regulators said it was stable, so should the rest of us. After all, if you can’t trust a Scandinavian bank regulator, who can [...]

Back Up? What Back Up?

It can be hard to face up to the obviously stupid things we do

The story goes that Saint Patrick was partway through baptizing an Irish king, when he looked down and noticed he had put the metal tip of his bishop’s staff through the poor fellow’s foot. When he apologized, the king replied that he had [...]

What Do You Need to Know?

Tool: How the military makes sure everyone knows what the boss wants to know

Soldiers love their acronyms and the more convoluted, the better. ”Commanders Critical Information Requirements”, or CCIR, is a mouthful, but still decipherable as “What the Boss wants to know”. It’s one of those military ideas worth copying.

Everyone serving in the first Gulf War knew that Norman [...]

Hvilket billede tegner dine risici?

Uddrag fra 3. opdatering 2010 af Børsens Ledelseshåndbog Krise- og risikostyring

Hvordan dine risici udvikler sig er vigtigt – og ofte overset

Det er som bekendt svært at spå om fremtiden, men vi er nødt til at gætte. Forudsigelse har altid været en svær kunst, og det er ofte vanskeligt at anvende resultatet. Som målmand er det én [...]

Patents, IP, and Protecting the Recipe for Your Secret Sauce

No matter what you do, know that protecting your IP is an active process. 

It is surprising how many people actually believe that a patent will protect their intellectual property. A patent is a perfectly good tool, but it does no good all by itself. There is no ever vigilant force of superheroes standing guard over the [...]

Lessons Learned: Remember H1N1?

A little embarrassing, wasn’t it?

H1N1 was pretty standard as far as overreactions go. The media conjured up a vision of biblical plagues and many bought the story hook, line, and sinker. Hysteria is exciting and the experts telling us that Armageddon lay round the corner were more interesting than the experts telling us to wash our [...]

Great Excuses for Failure – Noone Saw It Coming

How to avoid blame for not being prepared.

A large office building was burning the other day when I went for my morning run. Fires are pretty unusual where I live, usually a matter of interest to few except insurers, bored firefighters and the people standing on the street behind the barricades down the street from the [...]