Steering Point Articles
Why You Should Take Risks
“Risk-taking, if done properly, in other words by dedicating oneself wholeheartedly to a craft or idea and putting the work in, is far more likely to make one successful than playing it safe. Strange as it may sound, risk-taking is not that risky.”
The Power of Silence
“Of course neither being a professional loudmouth nor professional churchmouse is the ideal state of play. And an advocacy of silence does mean being silent all the time. One should most certainly express opinions if they have them. But silence, already such a rarity, needs more uptake. The amount one says may have become the de facto model for assessing contribution, but it’s a false economy. It is far more beneficial to have a worker who understands the power of silence, and knows how to wield it well.”
Modern Skills for a Modern Boardroom: A New Look at Leadership
“In today’s rapidly evolving business environment, the traditional norms of leadership need to be revised. The boardroom, a focal point for strategic decision-making, requires a fresh leadership approach that underscores authenticity, self-awareness, and a careful equilibrium between challenging and supporting CEOs.”
Atoms & Attitudes: The Two Faces of Science
“While the differences between the natural and social sciences are clear, it’s essential to understand that they are two sides of the same coin. The natural sciences provide us with a broad understanding of our world, explaining the ‘how’ behind phenomena. In contrast, the social sciences provide context, delving into the ‘why’ behind human actions and interactions.”
Leadership in Focus: Foundations and the Path Forward
“Much like Rome, which wasn’t built in a day, leadership thrives on a foundation of age-old principles fused with modern foresight. This blend is reminiscent of the principles set forth by legendary strategist Sun Tzu in “The Art of War” – understanding the terrain, knowing oneself, and being fluid in response. Today’s urban jungles, from Tokyo to New York, encapsulate this harmony; they meld historical foundations with skyscrapers of ambition, symbolising the fusion of past wisdom with future vision.”
Are Humanities Subjects – And Humanities Students – Doomed?
“In direct contrast to the many arguments that humanities are a one-way ticket to poverty, studies have shown that, due to their superior soft-skills, including diplomacy and people-management, humanities graduates often go on to find themselves in positions of leadership. 15% of all humanities graduates in the US go on to management positions (more than go into any other role)”
The Importance of Ethics
“Ethisphere, an organisation that tracks the ethical conduct of the world’s largest companies, found that the businesses that qualified for its 2022 list of most ethical companies outperformed an index of similar large cap companies by 24.6 percent overall. The Institute of Business Ethics similarly found that companies with high ethical standards are 10.7% more profitable than those without. ”
Why You Should Delegate – And How To Do It Effectively
“Delegation is something every business practices but not all do well. Just handing an employee some of the work does not count as delegation in any meaningful sense. Successful delegation involves genuinely trusting the employee and granting them autonomy. That can be a scary prospect for a leader used to having a controlling stake in all output. But there are ways to ensure that even without constant supervision, your team is working in a manner you approve.”
Charlie Munger’s Mind Games: How Psychology Drives Business Success
“In the world of investing, Charlie Munger is a legendary figure, celebrated for his sage-like wisdom and insightful aphorisms. As Warren Buffet’s right-hand man, his approach is a testament to the power of effective decision-making and wisdom, which he famously accredits to his ‘multi-disciplinary’ approach—a rich mosaic of insights from various academic disciplines, including applied, organisational, and social psychology.”
New York City’s Bold Step on AI in Hiring – Will Other Countries Follow?
“The impact of AI in hiring and promotion goes far beyond automating menial tasks. By leveraging AI’s ability to analyse vast amounts of data, we can make better, more informed decisions in these areas. However, this also raises the risk of perpetuating biases and discrimination.”
Collaboration: The Common Thread in Art, Science, and Business Success
“If you’ve ever viewed collaboration as elusive, difficult to implement, or limited to a select few, it’s time to rethink that perspective. Drawing on insights from scholars like Robert Axelrod, we’re making the case that collaboration isn’t just an inherited trait like ‘DNA.’ It’s also influenced by factors such as leadership and vision, which can be actively nurtured to become a potent force for collective action within any organisation.”
The Importance of Trust
“Research published by Harvard Business Review found that workers at companies where trust is high report 106% greater energy in the office, 74% lower stress levels, 76% greater engagement, and 50% more productivity than their peers at low-trust businesses. Meanwhile PwC reports that 91% of business executives say their ability to build and maintain trust improves the bottom line (including 50% who strongly agree), 58% of consumers say they have recommended a company they trust to friends and family, and 64% of employees say they recommended a company as a place to work because they trusted it.”
