Tag: Phil Rosenzweig

💎 It’s as if the less we know, the more we try and dress things up in complicated sounding terms

Another of the wise men whose voice appears in these pages, the physicist Richard Feynman, once remarked that many fields have a tendency for pomposity, to make things seem deep and pro­ found. It’s as if the less we know, the more we try to dress things up with complicated-sounding terms. We do this in countless fields, from sociology to philosophy to history to economics – and it’s def­initely the case in business. I suspect that the dreariness in so much business writing often stems from wanting to sound as though we have all the answers, and from a corresponding unwillingness to recognize the limits of what we know. Regarding a particularly self­ important philosopher, Feynman observed:

It isn’t the philosophy that gets me, it’s the pomposity. If they’d just laugh at themselves! If they’d just say, “I think it’s like this, but von Leipzig thought it was like that, and he has a good shot at it, too”.

Excerpt from: The Halo Effect: How Managers let Themselves be Deceived by Phil Rosenzweig

💎 On the folly of hunting for a guaranteed formula for business success (because one does not exist)

Hunting for a guaranteed formula for success is a fool’s errand. As Phil Rosenzweig, Professor of Strategy and International Business at IMD wrote in The Halo Effect:

“Anyone who claims to have found laws of business physics either understands little about business, little about physics or little about both.”

Excerpt from: The Choice Factory: 25 behavioural biases that influence what we buy by Richard Shotton