Tom SpencerAre you? THE scientific method is a formal way of investigating the world by testing your guess about a certain situation, correcting your mistakes, and thereby improving your understanding of the world. If something doesn’t work out for you, do you get angry? Or do you ask yourself, “what went wrong in this experiment?” Learn, grow […]
Stable growth is often more important than fast money SINGAPORE is on the rise as a wealth management hub with funds under management growing by 22% in 2012 compared with around 5% for Western Europe as a whole. The disparity in growth rates is large, and the FT has attempted to narrate a story that fast […]
Scale improves productivity but also increases bureaucracy Scale can help a company to produce more output at lower average costs. However, production at scale also leads to unhelpful bureaucracy. As production rises, more employees are needed and executives implement more rules to keep things under control. Increasing production tends to lead to higher cash flows, and managers […]