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Showing posts from April, 2024

To Master the Arts of Great Innovations and Creation

Adopt the Business Wizards' Path

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POWER

  P rod & O rder W orkers/ E mployees for ‘ R esults’ is now Obsolete but Power Still Promotes Progress and Profits  in AI age but on a New Premise P assions O ptimism W isdom E nterprise R ewards All throughout history, power has been a measure of influence or control over outcomes, events, actors and issues. However, the means of acquiring and using power have metamorphosed from muscle to money, to mind and to machines based on AI, due to cataclysmic changes in the environment. And what’s coming could not have been conjured up by the wildest imagination. Historian and the author of Sapiens, Yuval Noah Harari, warns, “AI could cause ‘catastrophic’ financial crisis”. His logic is based on historical facts. He recalls that the 2007-08 financial crisis was created because very few people understood the new debt instruments, ‘Collaterelised Debt Obligations’ (CDO). And now, AI is not only getting wider controls, but it can create newer financial instruments that may be beyond t

Turning Executives Into Wizards

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Part I This website's very heading starts with 'HOW'. Some visitors to this site have expressed an impression that instead of step by step guide, we are leaving it to the visitors to 'guess' the 'how" part from the example of business wizards like Elon Musk and others and review of books connected with the topic. The point is well taken. We indeed thought that each reader would draw their own lessons and try to follow the wizards on their journey to wizard hood Now, we have done some brainstorming got some step by step guideline. But, wizardry is still your own pursuit as both businesses and individuals vastly vary and so does the environment as is shown by the Corona.  It is impossible for us or for that matter anyone to hold anyone's hand and lead her/him to wizard hood Note: Reposting as the topic is more important now due to the radical changes in environmental caused by AI/CHAT-GPT Step I - Omniscience (I) Omniscience: In its original meaning the

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