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This is the official Perth blog site for posts, comments, and other contributions about leadership, behavioral finance and economics, and about management generally, as well as other related topics that take our fancy.

AI – Let’s move beyond party tricks!


Right now AI is really hot. But to me it’s boring, showing no imagination. Siri still performs at the level of a very dumb 5 year old. Self-driving autos work but the tech is soooo incremental. Basically AI is all about performing party tricks. When will it get truly smart, even shocking? I am sure you have heard of the famous American science fict...
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Should we deliberately slow down innovation?


Did you notice that Alvin Toffler, author of “Future Shock ” just passed away? His book was published in 1970. That was well before the Internet, Twitter, Facebook and even photocopiers and hand-held electronic calculators. Think what he would say today? Clearly the pace of change has accelerated dramatically since Toffler alerted us to the problem...
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e-Wallets – China is Winning


For all the angst about the problems in the US, at least we still lead the world in innovation, right? Not so fast, read on for this telling little story. The US Is still in the throes of deciding which e-wallet it will use. There’s a ton of them around so mass appeal is limited until John Q. Public makes up his tiny mind. Then retailers can finall...
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The Unicorn Innovation – Address Dumbed-Down Basic Needs


Unicorns are so….fashionable. You know what they are right? Startups valued at at least $1 billion, amazing right?. Right now in the US there are over 80 unicorns, mainly in Silicon Valley. One of them, Square, just went public at a valuation of $6 billion which was felt to be a low figure now. Hmmm. Now there are so many unicorns that there is a n...
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Are Narcissistic, Uncaring People the Most Successful Leaders?


I just saw the Alex Gibney’s documentary about Steve Jobs, “ Steve Jobs: The Man in the Machine” . It’s more true to the man than Danny Boyle’s “ Steve Jobs ”, also showing now. I’ve already showed my hand in my blog post on the 2013 film “ Jobs ”: “ Can a Narcissistic Bully be a Good Leader ? So what’s the message? Jobs was a visionary, bullying, ...
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Does Work-Life Balance Reduce Innovation?

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Did you notice that Goldman Sachs (of all companies!) has just forbidden its interns from working after midnight ? Seems like their HR people, if not the pooh-bahs, have just suffered an attack of political correctness aka social responsibility. So even if one of their starting interns wants to work his version of overtime (like into the wee hours)...
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Cheating is a form of innovation

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Have you heard about the scandal with cheating on the SAT? It’s particularly prevalent in Asia with Chinese and Korean students being repeat offenders. The organizations behind the cheaters go to some considerable lengths to get the SAT questions . They send questions to phones by text and other means. The stakes are rising though. Some cities in C...
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Most innovators are spotters not creators – but that’s fine

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Over the last couple of weeks I have been conducting coaching for innovators identified using our psychometric assessments. This has reminded me of an important issue that usually gets overlooked in discussions on innovation. In the conventional wisdom, an innovator is someone who thinks up an idea and then (maybe) does something with it. I have bl...
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There’s no innovation without innovators

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You know the usual approach to innovation in a corporation. Hold an offsite for brainstorming and to stimulate creativity. Get a big-name consultant. Team comes up with an idea, makes a plan. Does a public relations blast announcing their breakthrough idea. Fails. Do again. Fail again. If that wasn’t the case the vast majority of organizations woul...
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What’s the Difference between Entrepreneurship and Innovation?

You can’t lift up any piece of news or commentary these days without seeing a discussion or article about entrepreneurship and innovation and how to improve one, the other or both. Prescriptions abound. But my question is: are entrepreneurship and innovation the same thing or are they different? I ask that because you usually see them come in twos ...
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Peter Thiel “Zero to One”: Monopoly-ness is Closest to Godliness!

I just read Peter Thiel’s new book “One to Zero”. You know Peter Thiel right? Co-founded Paypal, founded Palantir, well-known for his scholarships that give chosen entrepreneurs $100,000 if they quit college and start a company. Quite a guy. The book is really a series of reflections on innovation and entrepreneurship whose quality varies more than...
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Ripples In Corporate Space-Time: Do Companies Have An Internal Clock?

Did you hear all the latest buzz about those boffins (at Harvard-Smithsonian Center for Astrophysics) who just discovered gravitational waves? So we can actually measure time back almost to the time of the Big Bang? And they did it by actually showing the super-imposition of these waves on the Cosmic Microwave Background (Ok don’t ask but look here...
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Are you confusing creativity and innovation?

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Is Innovation a form of Business Acumen?

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