“Reality is that which, when you stop believing in it, doesn’t go away.” ― Philip K. Dick

Mechanics:

“…from a path of consumption to a path of purpose…”

As we look at mechanics:

1. All new contacts should go through or at least into: Lead.com/news

And have access to our news page at /current

All offers, program signups and information for the public should reside here and it “may not” have to be protected if we can figure out how to handle members which should also have a “member news” page.

In thinking about “public news” I’d like to add:

View | About Us with a folder and pages in the folder accessed by the public:

I’m still thinking about what should be indexed in that page.



Live -Love -ASK!:
Summary of the Article:

View | What I Learned From Daniel Kahneman

Tim Koller reflects on the influential insights of Daniel Kahneman, whose research on human decision-making biases helped revolutionize behavioral economics. Kahneman’s work highlighted the irrational tendencies of human behavior, such as loss aversion and groupthink, that hinder value-maximizing decisions in organizations. While changing individual behavior is challenging, Kahneman believed organizations could overcome these biases by implementing structured rules and processes. Koller outlines how these insights can help organizations allocate resources more effectively, driving long-term value creation.

Key Points and Referenced “Kahneman’s Rules”:

1. Groupthink and Sunflower Management:
• Bias: A lack of debate due to individuals conforming to perceived consensus or aligning with senior leaders’ views.
• Rule: Foster a strong culture of debate. Short-term solutions include:
• Assigning devil’s advocates.
• Ensuring senior leaders express opinions last.
• Incorporating subject-matter experts.
• Using red and blue teams to debate opposing views.
2. Loss Aversion:
• Bias Bias: Overweighting potential losses relative to gains, leading to avoidance of high-potential projects.
• Rule: Evaluate projects in the context of the company’s entire portfolio rather than individually to leverage diversification effects.
3. Confirmation Bias:
• Bias Bias: Seeking data that supports existing hypotheses while ignoring contradictory evidence.
• Rule: Implement structured processes requiring management teams to systematically ask challenging questions and consider disconfirming evidence.
4. Anchoring:
• Bias Bias: Basing decisions on past data or incremental adjustments to prior actions, often misaligned with strategic goals.
• Rule: Introduce policies ensuring all strategic initiatives are fully funded, avoiding incremental budget adjustments tied to historical figures.

Takeaway:
Kahneman’s optimism about organizational change provides a roadmap for overcoming human biases that obstruct rational decision-making. By adopting these structured rules, companies can unlock latent value and better navigate the complexities of resource allocation and strategic planning.



Note: Hidden Variables: Bohm



Video
View | (7 min)  Mentioned in the Video:

“The Age of AI: And Our Human Future” by Eric Schmidt, Henry A. Kissinger, and Daniel Huttenlocher explores the transformative impact of artificial intelligence on society, politics, and human identity. Here are the main takeaways:

1. Transformation of Reality: AI is reshaping how we perceive and interact with the world, potentially changing every aspect of human life. It challenges traditional concepts of reality and knowledge, urging a reevaluation of human identity.
2. Political Implications: The book delves into how AI will influence global power dynamics, emphasizing the competition between nations to lead in AI technologies. It stresses the need for new global policies and cooperation frameworks to manage AI’s geopolitical effects.
3. Economic Impact: AI could disrupt current economic systems by altering labor markets and industries. The authors highlight the potential for AI to enhance productivity but also warn of job displacement and the need for new economic models and retraining programs.
4. Ethics and Governance: There is a strong emphasis on the ethical implications of AI deployment. The authors call for robust ethical guidelines and governance structures to ensure AI serves humanity’s best interests and mitigates risks.
5. Human-AI Relationship: The book addresses how humans will coexist with increasingly autonomous systems. It suggests that AI will not just complement human intelligence but could redefine what it means to be human, impacting creativity, decision-making, and autonomy.
6. Security Concerns: AI technologies bring new security challenges, including cybersecurity threats and the potential for AI to be used in warfare. The book advocates for international treaties and norms to manage these risks effectively.
7. Educational Shifts: A reevaluation of education systems is necessary to prepare future generations for a world influenced by AI. Emphasizing creativity, critical thinking, and adaptability are vital to thrive alongside AI.

Overall, “The Age of AI” presents a thought-provoking analysis of AI’s far-reaching implications, urging stakeholders to actively shape its integration into society while safeguarding human values and interests.

View | video of call
View | Audio of Call
View | Transcript of Call

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Mike R Jay & Gary Gile
Founders @ The NEW LeadU

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