Business Culture and Financial Success

 

Top Bridgewater exec explains how its intense, unique culture helped the world’s largest hedge fund make $50 billion

Interesting insight on the correlation between culture and success.  Ray Dalio provides further insight in his e-book titled Principles by Ray Dalio,

W. Edwards Deming estimated that only 5% of management actions applying traditional methods resulted in improvement. Appears that Bridgewater has a higher success/failure ratio.

New Book: The Symphony of Profound Knowledge

New Book: The Symphony of Profound Knowledge

Just ordered the book – The Symphony of Profound Knowledge, through Amazon. The book was developed by a Deming colleague in partnership with Aileron.

I’ve read and studied dozens of books written by individuals that worked with Deming.  I have yet to read one where the authors attempted to identify the paradigm that led to Deming’s  insights and contributions.

The most impressive comment that I heard first hand from a well known and respected student and colleague of Deming was that he never quite understood Deming’s concept for the system of profound knowledge.  Rare for someone as accomplished as he is to admit what he did not know.

It  will be interesting to read how and if the author – Ed Baker, offers and explanation of why Deming concluded that improvement is all about reducing variation.

Online school to be largest internet company in 2030

A top futurist predicts the largest internet company of 2030 will be an online school

Seems like an ambitious projection until you think of how fast the unmanned vehicle technology has progressed.

DARPA sponsored their Grand Challenge in 2004 that required a vehicle to autonomously navigate a 142-mile course. None of the 15 vehicles made it to the finish line. In 2005, five (5) vehicles completed a 132-mile course.