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...those attributes then they'll succeed. Well, no. It's not the attributes that matter, it's the circumstances - what's going on around them. Almost all successful strategies are circumstance-based, not attribute-based. Boeing, for instance, a very smart company, had outsourced a lot of their products, but then they outsourced the design of the 787 and it was a complete disaster. The attribute was "outsourcing is good," but in this case, the circumstances didn't serve it well. The key was that you should only outsource when your product is modularized, when you can take the components...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

...this notion called the inside-outside view. The inside view, which is how almost all of us plan, is that when you're thinking about the future, you gather all the information around you and do your analysis and go from there - whether you're launching a new product, putting an addition onto your house or forecasting the markets. The outside view asks the question, what happened when other people were in this situation? It looks at things from a larger statistical sample. Almost always the outside view gives you an answer that's more pessimistic than the inside view...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

...What They're Dumping in Belgium: There was no honey, but Belgium was a land flowing with milk on Sept. 16 when farmers dumped 790,000 gal. (3 million L) of dairy product onto their fields to protest low prices. In an effort to draw attention to the cause, thousands of European Union milk farmers have also launched a milk strike, halting deliveries to industrial dairies and demanding strict production quotas...

Author: /time Magazine | Title: The World | 9/28/2009 | See Source »

...certainly not you after you do it. You're just an actor some casting director hired for the gig. But you have to own it." He has owned it, playing a clueless doctor in an Old Spice ad ("As a former make-believe doctor, there's one product I can recommend ...") and delivering a version of the Doogie theme song when he hosted Saturday Night Live. He has affection for Doogie, but he doesn't need to hang out with him, nor does he need to kick...

Author: /time Magazine | Title: Neil Patrick Harris: Emmy Host with the Most | 9/28/2009 | See Source »

...actually an important plank in a campaign to tackle one of the country's most pressing predicaments: how to nurture small and medium-sized enterprises (SMEs), which create nearly eight out of 10 jobs, pay 50% of taxes and account for 60% of gross domestic product...

Author: /time Magazine | Title: Why China's Nasdaq Is No GEM | 9/28/2009 | See Source »

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