Tag: Decision Making

Input Response: Cycle Time Reaction

Melvin—a story of growth.  At beginning of my oil and gas career, I was partnered with my mentor to be and at the time my supervisor; Melvin.  A gruff old cuss, he was a long-time south Louisiana ‘Cajun’ field engineer.  Little did I know at the time the next months would be life changing for

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How Dare You!!

Lessons in Leadership—how dare you put young people in jeopardy for loss of life or failures they will live with the rest of their life? As we end Veteran’s Week, we are reminded of President Herbert Hoover’s comment, “Older men declare war.  But it is the youth that must fight and die.”  Hoover was president

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Linear Metrics in Non-Linear Times?

“If it disagrees with experiment, its wrong” Our point today is to assess how behavioral decisions are being made today; not about the politics of one candidate or the other. The race to the US presidential election has entered its final phase.  As of this writing, establishment wisdom holds the conventional candidate as the presumptive

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Can Never Be Proved Right!

“If it disagrees with experiment, its wrong”—Richard Feynman Full Disclosure: this author holds a Bachelor of Science degree in Physics with a minor in Mathematics.  My doctoral dissertation developed a new Game Theory based practical solution. For those unfamiliar with this discipline, check out the movie Beautiful Mind or the work of John von Neumann

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MVP: A Case of Failure

Not as Easy as it Seems When transforming this website to the Word Press platform, this author accepted the “wisdom” of various online sources and used a so called up and coming new Page Builder.  A huge mistake! After many failures and indeed public page lockups, I changed to a more established solution—the one used

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Radar: Technology Game Changer!

The battle of Leyte Gulf in 1944 with over 200,000 individuals involved is possibly the largest naval battle in history.  Hopefully, one of the last ones. In that battle, the submarine USS Darter initially detected (on radar) the Japanese task force early on October 23.  Other US naval vessels spotted that armada shortly thereafter on

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Data Bias: The Latent or Unobserved

In statistics a Latent Variable can be defined as, ‘a variable inferred from observed or measured data.’ Its analysis is often used psychology, economics, and predictive modeling.  This author used Structural Equation Models (SEM) in his 1996 doctoral dissertation, Cross Cultural Negotiations Between Japanese and American Businessmen: A Systems Analysis (Exploratory Study). From that abstract,

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Technology Assessment in the Era of Minimum Viable Product (MVP)

App developers have fallen in love with the concept of Minimum Viable Product aka MVP.  Wikipedia defines minimum viable product (MVP) as “a version of a product with just enough features to satisfy early customers and provide feedback for future product development.” This development model might make some sense for consumer software or even some

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man with burning stick while moving in darkness

Agility, Resiliency, Sustainability

In a recent Harvard Business Review, I was struck by an article about Best Practices for small businesses.  From that piece, “To successfully navigate Volatile, Uncertain, Complex and Ambiguous (VUCA) challenges like Covid-19, family business leaders can look to best practices from another organization that specializes in VUCA situations—the U.S. military’s Special Operations Forces (SOF)”

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Disrupting Disruption!

Let me understate, ‘working in the petroleum sector has always been challenging.’  Now we find ourselves in a major economic downturn caused by a Covid-19 pandemic and aided and abetted by an international crude oil price war. Once again, many thousands have lost their livelihood and possibly not return to a similar job as the

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covid-19

Is Big Data Analysis Being Applied?

We have been hearing for years how, Big Data Analysis will help us optimize our businesses and generate performance at levels here to for never hear of.  So where is it now? Two major sources for data on the Covid-19 virus are Johns Hopkins University and the Centers for Disease Control and Prevention.  This is

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Hanging App?

By one measure, the US presidential primary season is off to a rough start.  In a small state, counting the ballots became a challenge.  Wasn’t technology supposed to solve the problems of past confusions? Yet the mechanism seemingly failed—again!  How is this different from the Boeing Max 8 disaster?  In one sense it isn’t. Disclaimer: 

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Reflection: Are We Near a Digital Tipping Point?

Generally, this time of year humans are wont to look back on the closing year and assess the good and the bad, and dare I say the ugly?  We celebrate successes, review the not so successes, and what is left undone.  This process prepares us for the New Year’s resolutions that are often then broken.

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Running Across an Open Field: Strategy for Disruptive Technology?

Several weeks ago, as an amateur history buff, I was watching a documentary about World War I.  During one segment the commentator discussed the apparent fact that if soldiers refused to charge out of their trenches across an open field into the teeth of waiting machine guns they would be shot. The brutality of such

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Lessons from the Seventies

At lunch the other day and for whatever reason, the history of the 3M Post It Note became a subject of our conversation.  This technological marvel unveiled in the 1970s is still widely used today. As with other new or disruptive technologies, the ‘sticky note’ was panned at first and for some time.  According to

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