From Change to Clarity: My 2023 Reading Journey

As 2023 draws to a close, I can’t help but reflect on the incredible journey this year has been—a tapestry woven with challenges, opportunities, and, above all, the profound impact of the books that accompanied me through it all.

In the realm of managing change, “The Leader’s Handbook,” “Amazon Unbound,” “Catalyst,” “The Upside of Uncertainty,” and “The Coaching Habit” stood out as guiding lights. Each page turned felt like a step toward mastering the art of navigating uncertainty and embracing change.

In the pursuit of personal and professional excellence, I found solace in “Build,” courage in “Skin in the Game,” clarity in “Clarity,” emotional mastery in “Master Your Emotions,” and a guide to staying focused in an ever-distracting world with “Indistractable.” Also “The First 90 days” helped me navigate my professional change!.

To stay ahead of the curve and catch the elusive trends, “How Data Happened,” “Power of Prediction,” and “Game Theory” became my trusty companions, offering insights that proved invaluable in both my personal and professional spheres.

The motivational force of “The Code Breaker,” “Educated,” “Lesson in Chemistry,” “Katha,” and “The Lego Story” fueled my spirit, reminding me that the human experience is a rich tapestry of stories waiting to be explored.

And in the realm of fiction, “Contact” and “Station Eleven” etched themselves into my all-time favorites, transporting me to worlds that stretched the boundaries of imagination.

As I bid farewell to 2023, I eagerly anticipate the surprises and discoveries that 2024 holds. May this new year be filled with joy, growth, and a plethora of captivating reads. Wishing you all a delightful holiday season, a Happy New Year, and countless adventures within the pages of wonderful books! 📚✨

Ethics 101 : Beginner’s guide in Ethics

“Ethics 101: From Altruism and Utilitarianism to Bioethics and Political Ethics, an Exploration of the Concepts of Right and Wrong” by Brian Boone is a beginner-friendly guide that explores various ethical theories and concepts. The book covers a range of ethical perspectives, from historical theories like utilitarianism and deontology to contemporary issues in bioethics and political ethics. Boone provides a concise overview of each concept, breaking down complex ideas into easily understandable terms. The book is designed to introduce readers to the fundamental principles of ethics, making it accessible to those who may be new to the subject. It serves as a primer for individuals interested in understanding different ethical frameworks and their applications in various aspects of life

Major topics covered

  1. Introduction to Ethics: Basic definitions and the importance of ethical considerations.
  2. Historical Ethical Theories:
    • Utilitarianism: The idea that actions should maximize overall happiness or utility.
    • Deontology: Emphasizing the importance of following moral rules and duties.
  3. Virtue Ethics: Exploring the development of good character traits as the foundation for ethical behaviour.
  4. Applied Ethics:
    • Bioethics: Ethical considerations in the field of biology and medicine.
    • Environmental Ethics: Ethics related to the environment and our impact on it.
    • Business Ethics: Moral considerations in the business world.
  5. Political Ethics: Examining ethical principles in the context of politics and governance.
  6. Social Justice: Addressing issues of fairness and justice in society.
  7. Metaethics: Exploring the nature of ethics, including questions about objectivity and subjectivity.
  8. Religious Ethics: Considering how various religious traditions approach ethical questions.
  9. Current Ethical Issues: Examining contemporary ethical challenges and debates.

What do I like in this book most?

The book is designed to be a primer, providing a concise introduction to key ethical concepts without overwhelming me with unnecessary details. It explores how ethical theories can be applied to real-life situations, making it relevant to everyday decision-making. The book also covers a wide range of topics within ethics, from historical theories to contemporary issues.


I made small timelines on various philosophers and ethicists which are mentioned in this book.

This book also recognizes a potential avenue for my further exploration. The primary discussion and renowned theories originate from the Western perspective. Even though the Eastern tradition has a longer history of engaging in ethical discourse, particularly from the perspective of virtues, it is an area that I find intriguing and may delve into as my next in-depth study.

A 200+ page, easy read book is a good leisure read, but be prepared to learn new insights on Ethics.

Have a good read!

Join my reading challenge Sumit’s 2023 reading challenge | Goodreads

Book Review: “Skin in the Game” by Nassim Nicholas Taleb and “Basic Economics” by Thomas Sowell

I read somewhere that the technology keeps on changing, but the economics do not. However, I recently encountered two books with thought-provoking and belief-conflicting theories. Both Nassim (writer of the famous book Black Swan & Antifragile) and Thomas Sowell (Known capitalistic economist) are subject-matter expert, and both are working in economies of scales.

The challenge was for me to read these books together, in order to gain a greater perspective on risk management and how economies work. The books are on different topics, but the genre is the same… how the environment manages/appreciates/supports risks.

Nassim’s writing is complex, and sometimes you may feel highly biased, but don’t fall for it, what he does is ask questions, and make you dwell deeper in to conflict, as there you may realize the fundamentals. Sowell is straightforward, easy to read, and I can see bias, but the examples given and logic explained make me conflict with my belief system, which gives me better insights on the subject.

I’m unable to make a mind map this time around; however, the following summary will give you some insights.

Both “Skin in the Game” by Nassim Nicholas Taleb and “Basic Economics” by Thomas Sowell are well-regarded books, but they approach the subject from different angles and with different emphases. Here are some potential points of conflict or difference between the two:

1. Approach to Risk and Uncertainty:

• Taleb: In “Skin in the Game,” Taleb stresses the importance of personal risk in decision-making. He argues that systems are more stable and ethical when individuals have a personal stake in the outcomes of their actions. Taleb is also known for his focus on the impact of highly improbable events (“Black Swans”) and how they can disrupt systems.

• Sowell: “Basic Economics” is more of a foundational overview of economic principles. While it touches on risk in terms of costs and benefits, it doesn’t delve deeply into the philosophical or ethical implications of risk in the way Taleb does.

2. Role of Experts:

• Taleb: Taleb is often critical of experts, especially when they don’t have “skin in the game.” He believes many experts can make predictions or decisions without facing the consequences of being wrong.

• Sowell: While Sowell also criticizes some experts, especially when discussing the potential pitfalls of central planning, his approach in “Basic Economics” is more to explain economic principles clearly rather than to critique the role of experts in decision-making.

3. Government Intervention:

• Taleb: Taleb doesn’t necessarily oppose government intervention, but is sceptical of interventions by individuals or entities that don’t bear the risks of their actions.

• Sowell: In “Basic Economics,” Sowell often points out the unintended consequences of government interventions in the market. He leans towards a free-market perspective, emphasizing that many government interventions can lead to inefficiencies or distortions in the market.

4. Nature of Economics:

• Taleb: Taleb’s works, including “Skin in the Game,” tend to be more philosophical and touch upon a wide range of subjects, not just economics. He typically integrates ideas from probability, ethics, and epistemology.

• Sowell: “Basic Economics” is more focused. It’s an introductory text that lays out the foundational principles of economics in a straightforward manner.

5. Writing Style:

• Taleb: Taleb’s writing can be polemical and is frequently interlaced with anecdotes, historical examples, and philosophical musings.

• Sowell: Sowell’s writing in “Basic Economics” is clear, direct, and educational, aiming to explain economic concepts simply.

Both Nassim Nicholas Taleb and Thomas Sowell have expressed political viewpoints, albeit from different angles and frameworks. Here’s a brief summary of their political stances based on their writings and public statements:

1. Thomas Sowell

— Free Market Capitalism: Sowell is a strong proponent of free market capitalism. In “Basic Economics” and other works, he argues that market mechanisms are the most efficient way to allocate resources and that many problems arise from government interventions.

—Conservatism: Sowell is often identified with conservative viewpoints, especially in the American context. He has critiqued various progressive policies, especially those that, in his view, don’t consider the economic consequences.

— Race and Culture: In books like “Race and Culture,” “Black Rednecks and White Liberals,” and “Intellectuals and Race,” Sowell argues against a victimhood narrative and suggests that cultural factors play a significant role in the success or challenges of different groups.

2. Nassim Nicholas Taleb:

— Decentralization: One of Taleb’s recurrent themes is the idea that smaller, decentralized systems are more robust and antifragile. He regularly critiques large-scale top-down interventions and bureaucracies.

— Scepticism of Experts: As mentioned earlier, Taleb is sceptical of experts who don’t bear the consequences of their decisions, which has political implications in terms of policymaking and governance.

— Ethical Framework: Taleb’s “skin in the game” concept is as much an ethical principle as it is a practical one. He believes that decision-makers should bear the risks of their decisions, leading to more ethical and robust systems.

—Political Classification: Taleb has resisted being easily classified under traditional political labels. He often critiques both left and right viewpoints, focusing instead on principles like antifragility and skin in the game.

While both authors might overlap in their scepticism of certain types of top-down interventions, their reasons and frameworks differ. Sowell’s critiques frequently come from an economic efficiency and individual freedom perspective, while Taleb’s come from a risk, ethics, and systemic robustness viewpoint.

In “Skin in the Game” by Nassim Nicholas Taleb, the concept of asymmetry plays a central role. Taleb uses several examples and situations to illustrate the idea that when there’s a misalignment of risks and rewards, or when one party bears more risks than the other, it can lead to systemic problems. Here are some examples of asymmetries discussed in the book:

1. Bankers and Bailouts: One of the most cited examples is the 2008 financial crisis. Bankers had incentives to take large risks because they reaped the rewards when things went well but faced limited consequences when things went wrong, as many banks were bailed out. This is an asymmetry because the risks were effectively transferred to taxpayers.

2. Consultants and Decision-making: Taleb talks about consultants giving advice. If the advice works, they get paid and hailed, but if it goes wrong, it’s the company that suffers. The consultant doesn’t have “skin in the game.”

3. Bureaucrats and Wars: The decision-makers who opt for war might not have personal risks involved (they or their loved ones are not on the frontline). This disconnect can lead to poor decision-making because those making the decisions aren’t bearing the full consequences.

4. Centralization: Larger, centralized entities making decisions for a diverse range of smaller entities can lead to asymmetries. Decisions made centrally might not consider local nuances, and if those decisions are detrimental, it’s the local entities that bear the brunt.

5. Minority Rule: Taleb describes how a small, intransigent minority can dictate the preferences of a more flexible majority. For instance, if a small percentage of the population has a specific dietary restriction and is inflexible about it, food producers might find it easier to cater to that restriction universally, making the minority’s preference the de facto standard.

6. The Bob Rubin Trade: Taleb often cites the example of Robert Rubin, a former U.S. Treasury Secretary and Citigroup executive. Rubin received large bonuses when the risky investments he endorsed did well, but when those same investments later resulted in significant losses, he didn’t face corresponding personal financial consequences.

These examples underscore the central theme of the book: that it’s vital for decision-makers to have “skin in the game” to ensure that risks and rewards are aligned, leading to more ethical, robust, and effective systems.

Have a nice good read

Join my reading challenge Sumit’s 2023 reading challenge | Goodreads

Book Review : The Coaching Habit

Coaching is one of the most important tools a leader can use to make his team more efficient, productive, and interested in achieving the common goal. However, knowing this fact, we typically struggle to ask the right question to coach one. Some time, coaching becomes mentoring and loses its focus. The focus of Coaching is to make one more productive and help him achieve his short-term goals. It’s significant to note that coaching is a collaborative process, where the coach and coachee work together towards the cochiee’s goals. The coach provides guidance, support, and expertise, while the coachee actively participates, takes ownership of their development, and implements the recommended strategies.

The process necessitates a focus on short-term objectives, thereby necessitating the coachee’s efficacy in assisting the coachee in attaining their desired outcomes and enhancing their effectiveness. This goal makes this book a useful guidebook for a leader to be a better mentor.

The book is about seven questions, which a leader can ask to be a more effective coach. These questions are:

  1. Whats on your mind?
    • It is a question that says, ‘let’s talk about the thing that matters most., it is a kick-start question.
  2. And What Else?
    • You create more opportunity to create more insight on the topic.
  3. What is the real challenge here for you?
    • This makes you pay attention to the things that immediately need scrutiny.
  4. What do you want?
    • Is the listener aligned to coachee? This helps bring the trust between coach and coachee.
  5. What was most useful for you?
    • People don’t learn while seeing or doing things, but rather when they recall and reflect on something
  6. If You Are Saying ‘Yes’ To This, What Are You Saying No to?
    • It’s a strategic question. It asks people to be clear and committed.
  7. How Can I Help?
    • It’s a lazy question, this is a clear and direct question.

Each question, is an open-ended question, few are enticing to give an alternate to the proposed solution, few are challenging one to explore further, few are helping in finding the other side of the story.

Each question is powerful, but they need additional information to be more effective. Based on situation, requires, these questions can be tweaked and sequence can be changed, or a few questions out of seven can be asked.

Our job as manager/ leader is to help create the space for people to have those learning moments. And to achieve that, we need to ask questions which will make them die deeper to find solution and learn in the process.

Get this #goodreads as one tool in your toolbox. And following mind map for more insights.

Quick Book Summary

Join my reading challenge Sumit’s 2023 reading challenge | Goodreads

Book Review: Lights Out: Pride, Delusion, and the Fall of General Electric

Lights Out: Pride, Delusion, and the Fall of General Electric” is a book written by Thomas Gryta and Ted Mann. It provides a detailed account of the decline and downfall of one of America’s most iconic companies, General Electric (GE). The book explores the internal culture, leadership decisions, and strategic missteps that led to GE’s dramatic decline and loss of its once-stellar reputation. It sheds light on the hubris, excessive risk-taking, and financial mismanagement that ultimately brought the company to its knees. Through extensive research and interviews, the authors paint a compelling picture of the unravelling of a corporate giant and offer insights into the lessons that can be learned from GE’s collapse.

Winning was my one if the first book when I started reading leadership and management book. Jack Weltch’s unapologetic style of “winning at all cost” and building “winning team” by yanking 10% underperformers each year.

The book got me on “the other side of the coin”. The approach fostered a cut-throat and high-stress work environment, leading to short-term thinking and a lack of focus on long-term growth and innovation. Additionally, this strategy led to a loss of valuable talent and demoralized the workforce. Welch’s heavy reliance on financial metrics has also been viewed as prioritizing shareholder value over other important aspects of the business, such as employee development, customer satisfaction, and long-term sustainability.

The book starts with “winning” by Jack Welch and its heavy focus is post 2001 era, which was led by Jeff Immelt. One can see how the big company like GE struggled with the 2001 slow down, impacted by moving focus from organic fuels to green energy, and how it was struggling with red tapes and decisions of few at the top.

The book also provides insight on corporate governance and the importance and role of Directors in shaping and safeguarding the company. An insightful book written to get almost all the aspects of how (not) to manage the big company and insights on how (not) to catch up with upcoming trends and be wary of fads.

Each chapter could be a case study, on how management takes decisions based on external stimuli and how things might go wrong or become a success. Many insights and definitely a good read for my fellow friends!

Find below MindMap to get more insights.

Book Review : Catalyst: The Ultimate Strategies on How to Win at Work 

Do we learn from our experience? What differentiates an experience with a learning experience? How to ensure we learn from experience and be aware of experience as it’s happening and use it to build the knowledge base? That’s this book is all about “Catalyst”

Really a #GoodRead , Catalyst by Chandramouli.
The author, who has a 30+ year track record in Indian industry across sectors, shares his insights and experiences on how to leverage various catalysts that can accelerate your growth and performance. Some of the catalysts he discusses are: learning opportunities, experience algorithm, good bosses and mentors, first half and second half of career, and knowing when to quit. The book is written in an engaging and easy-to-follow style, with real-life examples and anecdotes.

What makes up experience different than learning? The TMRR model!

This book explains how to convert your time and activity into experience by using the TMRR model, which stands for Target, Measure, Review and Reflect.

So we have so many experiences thru out life, but how many times we learn out of it? Example we are part of so many cross functional teams, lead or part of so many projects, how much we learn apart from learning from “burning fingers”.

This TMRR model is one way to deliberately capture those learning from routine experiences.

The book also emphasizes the importance of learning opportunities, which are situations that challenge you and help you grow. It suggests that you should seek out learning opportunities, such as new projects, roles, assignments or geographies, and use the TMRR model to maximize your learning from them

Compact book full of real examples and guiding on how to navigate those challenges.

Some highlights during my book reading

that project leadership is different from thought leadership. As mentioned, major learning cycles more often than not also happen to be important initiatives and projects for organizations

How much experience you extract out of the learning cycle will be driven by how well you applied the TMRR process on the learning cycle!

“Converting time into experience is the very bedrock of real individual growth. An effective TMRR model is the key to converting the time you are spending at work into an experience algorithm that will drive your success in the future”

“Applying the TMRR algorithm on major learning cycles is an exponential way to drive real individual growth.”

“Just building the experience algorithm is not enough. You have to parallelly grow your productivity. Productivity is the means through which you can convert the experience algorithm into results. The key to growing productivity is to focus on the circle of influence and to make sure you allocate your time to the rocks and not the sand”

The LEGO Story

The LEGO Story

What I learned new about LEGO

⁃ Danish company

⁃ Started in 1930s

⁃ It started with wood furniture business

⁃ Ole Kirk took the decision to make simple toys for kids

⁃ Cars, YoYo become its key product

First Price list!

⁃ Largely driven by family values and under influence of Word war 1 and 2

⁃ Very early on tried to involve girls as one of the end consumers, but till date, its products are mostly used by boys.

Early on always questioning use of arms in toys, nevertheless the fist famous product was a wooden toy gun with moving items, portraits as “peace pistol” with ammunition!

⁃ Founder always took risk, gone for more investments in new technologies.

⁃ Founder also went to exhibitions and tried to get more insights on trends, helped him to “copy” LEGO idea.

⁃ Also worked with education community, to press use of toys for intellectual development rather than using it just as a toy. This helped LEGO long term

⁃ Second generation, founder early on got insight to decide which sibling will be taking lead post him.

⁃ Conflict between generation gaps are nicely put forward by second generation (Godtfred k and Kjed K, both mentioned their struggles with their father, unlike Goftfred 2nd generation, it’s more with Kjed, 3rd generation)

⁃ 3rd Generation decided to bring more new management, younger and western philosophy.

⁃ Nicely told story about the cultural shift in the management style, also inclusivity of women in upper management.

Key insights

  • Focus on technology and keep key theme intact during growth.
  • Diversification not only on portfolio but also on approach (physical toys to movies and theme parks)
  • How to ensure the family inheritance to continue and ensure success of LEGO, creation of “LEGO Idea Paper”, set of guidelines helping future generations to get clear vision.
  • LEGO is not the first in “self locking block”, it was Kiddicraft’s self locking block.
  • LEGO’s change in focus from toys to system. Rather creating individual toys, LEGO brought a “system” of creating anything out of blocks.
  • LEGO’s translation from “make anything from blocks” to product which are now coming with “manual” to create complex toys.
  • In 1958, the modern LEGO brick was patented, featuring tubes and studs.

LEGO, then and now!

Cars was one of the first famous toys from LEGO
The Peace Pistol!
Girls are missing LEGO
LEGO Patent

Book Review : Four Thousand Weeks

Nobody in the history of humanity has ever achieved “work-life balance”! That’s a powerful statement and validation of a feeling which I was carrying for many decades. I myself giving productivity seminars and coaching people to be productive and get the “work life balance”. Actually, I stopped suggesting people on “work life balance” long time, and was asking for “work life fit” , and I suppose that’s the crack in my belief in Getting Things Done.

Very recently I celebrated my 42nd Birthday, and one of my well wisher has sent me this. 🧐

And I came across this book, 4000 weeks! I lived 2200 weeks approx, and 4000 weeks is what typically a person leave at the age of 80! I just crossed my half life, And luckily this book got me into great revelation.

Master Your Time, Master Your Life

Brian Tracy (Time Management Guru)

This is what I believed, and striving so far to “manage the time”, This dream of somehow one day getting the upper hand in our relationship with time is the most forgivable of human delusions because this book made me understand the alternative, and it is so unsettling.

unfortunately, it’s the alternative that’s true: the struggle is doomed to fail. Because your quantity of time is so limited, you’ll never reach the commanding position of being able to handle every demand that might be thrown at you or pursue every ambition that feels important; you’ll be obliged to make tough choices instead. And because you can’t dictate, or even accurately predict, so much of what happens with the finite portion of time you do get, you’ll never feel that you’re securely in charge of events, immune from suffering, primed and ready for whatever comes down the pike… and that’s the “enlightening moment for me from this book”

Let’s talk about the book

By Oliver Burkeman,

lovely and short book on making us understand the concept of Finitude. The finite amount of time we have, and rather than spending this finite amount of time in struggling to manage it, how to be more effective by being in present and utilising it.

Key Take Aways

Patience become a form of power
In a world geared for hurry, the capacity to resist the urge to hurry—to allow things to take the time they take—is a way to gain purchase on the world, to do the work that counts, and to derive satisfaction from the doing itself, instead of deferring all your fulfillment to the future.

Hobbies have acquired this embarrassing reputation in an era so committed to using time instrumentally.
I’m also guilty of this feeling. Sometime hobbies become kind of mandate, pushing me to consume me time under hobby to help me be more productive. Hobbies on other hand should help me relax not make me more busy. Kind a oxymoron.

Be in present.
You’re so fixated on trying to make the best use of your time—in this case not for some later outcome, but for an enriching experience of life right now—that it obscures the experience itself. A more fruitful approach to the challenge of living more fully in the moment starts from noticing that you are, in fact, always already living in the moment anyway, whether you like it or not.

basic mistake—of treating our time as something to hoard, when it’s better approached as something to share.

What would it mean to spend the only time you ever get in a way that truly feels as though you are making it count? It’s never late to find yourself doubting the point of what you’re doing with your life, because it demonstrates that an inner shift has already occurred. we are no more preoccupied with the thoughts, ignoring the facts.

The real truth. that what you do with your life doesn’t matter all that much—and when it comes to how you’re using your finite time, the universe absolutely could not care less.

My mindmap

Book summary

Book Review: Ringtone: Story of Nokia

Ringtone: Exploring the Rise and Fall of Nokia in Mobile Phones

By Yves L. Doz and Keeley Wilson

Nokia, which easily can be termed as the most innovative company, helped bring the mobile revolution which currently we are in, adapting the need of being connected 24×7, and at its peak having more than 40% market share and a true leader. Though unnoticed many of us don’t know Nokia still exists and is the world’s largest 5G infra company and still innovating. But what touched us is the Nokia Mobile Company, and this book is about its rise and fall. Breaking general misconception and reasons behind its fall.

Against the general perception of failure due to not looking ahead or lack of innovation, the reason behind the fall of Nokia Mobile company is due to a change in business model to a matrix organisation 

That’s the summary of why Nokia mobile failed so miserably, it’s just because of poor execution of matrix organisation. And that’s what interests me, as a leader myself, justifying the use of matrix organisation for better productivity, it’s even important to understand the consequences of its poor execution. This book covers all those aspects with Nokia as a centrepiece. Whereat all the phases of it, we were touched as a consumer or as heartbroken engineers to see the fall of such a beautiful product company.

Small trivia

Before I begin the review of this book, let me share how mammoth the Nokia is. We always see it’s mobile and thinks Nokia started as a mobile company and ended as one. However, it’s surprising to know Nokia started as a Cable company in Finland in the 1800s, moved to Telecom infra in the 1900s, followed by infra for the first car telephone and diversified with the mobile decision in the late 1990s

What this book Is about

It tries to answer following questions, which generally we also want to know.

  • Could Nokia’s decline have been unavoidable—just an extreme case of Schumpeterian creative destruction?
  • Was it an instance of organizational evolution and adaptation gone astray down a dead end in the face of disruption and business model change?
  • Was this a failure of management volition—the wrong strategic decisions, poor choices of organization, inadequate management processes, weak leadership, and bad timing?

Some insights

Nokia always had the edge with its strong innovation. For example, although Sharp launched the first camera phone in 2001, it was Nokia’s camera phone released the following year which really changed the landscape, providing not only superior picture resolution but also picture-sharing applications that paved the way for multi-media communication. This product innovation came from fifteen labs around the world and a number of technical cooperation projects and partnerships.

Beyond product innovation, Nokia’s success was supported by an innovative and highly efficient supply chain system that had been built in the 1990s. Through this, Nokia was able to achieve much lower prices from suppliers than its competitors and ramp up new production lines to full capacity in a matter of days. In the 1990s it had also mastered lean production and Japanese quality processes and organized its integrated manufacturing around a few key regional hubs in Europe (Finland, Germany, Hungary), Asia (China), and North America (Mexico).

Just as success often results from many small positive steps, the roots of failure can usually be found in multiple small mistakes, which seem manageable when viewed in isolation. However following this book we can see small cracks, however, they are evident now, and could not be avoided in the actual scenario. For example communication gap between R&D and Sales and Marketing lead to ultimate failure with the Symbian operating system. Though a leader in OS development themselves, delay in adapting Android and working with Microsoft’s half-cooked mobile platform led to the last nail.

CORE principle

Author has evaluated the various ups and downs in Nokia with CORE dimensions .

  • C Cognition: this is what leader saw during that phase at Nokia, and strategise
  • O Organisation : it’s outing strategy to action
  • R Relationship : it’s about relationship with people.
  • E Emotions : Emotions are at play during various phases, this is what impacts the relatioy

My MindMap

Key Takeaway

  • Shifting from Symbian to Microsoft OS, Nokia overestimated brand loyalty and weren’t innovative enough
  • Decision made in 2001-05 made its impact in decline in 2013-15. Management need to be mindful of its long term impact.
  • Strategic foresight and intellectual leadership would have no value if not acted upon.
  • Poor management choices contributed to strategic stasis.
  • Successful past commitments leave a legacy
  • Outside parties, customers, major shareholders, strategic partners, industry pun- dits, and regulators can excessively and unduly influence one’s sense-making, particularly in adhering to a “being close to customers” logic.
  • Failure of cognition may not result from ignorance or lack of information, or even poor foresight, but from inadequate sense-making—i.e. not making effective sense of available information.
  • Management systems and processes have to acknowledge the irrepressible influ- ence of emotions, and thus leave some room for them to be legitimately expressed.

Where to buy. Available on Amazon as Kindle and Hard copy.