Sunday, 11 September 2011

New Units for a NEU World after midnight...

Just before Christmas last year- a friend sent me the video clip below.  It makes sense until you take the time to think about it....


video
You know how tall you are - we measure this in metres or feet and inches

You know how fit and fat you are we measure this in kilos or stones

You know how long it takes to get to the office we measure this in hours and minutes.

You know how much wine you've drunk 3 glasses 2 units or 5 litres...

It is impossible to get confused between the units and think that your office is six kilos away and you are three hours tall and weigh six litres and are about to drink six inches of wine with your meal...

And then we come to the units used in economics. 

In spite of all the jokes economists make about disagreeing they all use just the one unit of measure £ or dollars or Euros...

This explains the crash - how people could believe that they were getting richer whilst actually getting poorer (because they confused value - how much someone else will pay for what you have with wealth  - what you have)

The video reminded me how hard it is for people to understand the difference between wealth, value and money (different types even of this) since they are all measured in the same unit...

We definitely need New Units for a NEU world after midnight....

When Being Right is Worse than Being Wrong...



In my book All Change! the lead character Franck at one stage, when he is starting to lose faith in his project management capabilities, says over and over to himself " I am right.  I am right. I am right!"  He seems to get confidence and energy in the certainty of correctness.   This need to be right is something that connects, engineers, accountants and perfectionists of all sorts - connects them in a locked in spiral of doom. 

The reasons for the spiral of doom are several but I shall only cover three of them.  The first is most aptly explained by Prof Kathryn Shulz . 


The second is the fact that in our new world of change.  We have been brought up from an early age to believe that there are right answers and they are right forever.  But in our New World things which were once wright have a habit of becoming wrong.  Long term planning doesn't.  Investments aren't,  If you've watched World after midnight (below) the message would have hit home.


Strauss and Howe also warn us that the next generation on the rise (in America) are likely to be comprised of pragmatists.  Pragmatists are far less inclined to be obsessed with whether they have the 'right' solution - and far more inclined to ask "Will it work?" 

If you are going to be competing in business against pragmatists in our new fast changing complex world where your conviction and speed of decision making is damped down by worry that you could be wrong then  beware, being right could be worse than being wrong...