Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls…
Boston Red Sox vs. Santa Monica Black Swan
While researching for new reasons why Taleb is nuts, I came across this story about his former right-tailed man, Mark Spitznagel. This guy has managed to get 15 investors to ante a minimum of $50 million on a bet that…
Please leave Toyota alone
It is hard for anyone who is trained in Lean Six Sigma to understand the latest Toyota recall. Toyota wrote the book on quality after all. Really. Look up The Toyota Way. Six sigma is a process improvement methodology that…
The de-risking of Toyota
First of all, let me say, I love Slywotzky, so here is an article he co-wrote in 2007 where he explains the de-risking methods developed by Toyota, Coach, Target and others that can help you to design a more flexible…