I discovered it only today: Yesterday, the same day as Tobias Bayer’s article “For they know not what they do” in Financial Times Deutschland, there was a comment with a similar message in Financial Times: John Kay – “The same old folly starts a new spiral of risk” (available on his website). John also says [...]

Actually, this is not exactly the question I want to answer with this post. It is borrowed from an article in today’s Financial Times Deutschland, which is titled “For they know not what they do”. Author Tobias Bayer looks at the latest bank-failures (or better almost-failures) in Germany and presents some surprisingly simple explanations: At [...]

A word in advance: I have no idea if this is a special German phenomenon or if these parties are popular in other countries too. There is a concept called “Ü-30 Party” (an abbreviation from “Über 30”, roughly translated as 30-something party) here in Germany for about a decade. These are parties that are targeted [...]

When you observe strategic planning processes in different organizations it is possible to find “closed shop” planning processes. In some cases only top manager “develop” the strategy, in other situations they are supported by specialised departments. Various sources in the academic literature have discussed and criticized the disadvantages of this approach. But why is it [...]