Lehman’s resistance to risk management played a major role in its downfall, according to the firm’s former chief risk officer, Madelyn Antoncic. Source: Knowledge @ Wharton Not Too Big To Fail: Why Lehman Had to Go Bankrupt

The principles of the book “The Lean Startup” have been adopted by early stage and established firms alike. But there is a downside to the early market testing it prescribes, according to new Wharton research. Source: Knowledge @ Wharton The Downside of Applying Lean Startup Principles

As a business owner, you need to communicate with many people on a daily basis. You’re used to delegating tasks to your employees and dealing with merchants, accountants, lawyers, bankers, and everyone else who makes your operation possible. Communication skills are also important in your personal life. You need to manage the relationships with your Read more about How to Communicate with Your Customers Effectively on All Your Distribution Channels[…]

Anchoring bias can hold back the budgeting process, influencing your targets despite your best efforts. Address it and refocus difficult conversations. Source: McKinsey Bias busters: Being objective about budgets

Understanding how blockchain creates business value is essential for companies to identify the right use cases and move beyond small pilots to widespread adoption. Source: McKinsey Blockchain explained: What it is and isn’t, and why it matters

In a new book, psychologist Dolly Chugh shows how taking deep stock of our unconscious biases can lead to enlightenment. Source: Knowledge @ Wharton Are You a ‘Good-ish’ Person? How to Push Past Your Biases

Web 3.0 could set up collaboration ecosystems that make the world a better place, notes this opinion piece by Philipp Stauffer of FYRFLY Venture Partners. Source: Knowledge @ Wharton Thin Heads and Fat Tails: Understanding the Crypto Reinvention of Capitalism

China’s economy is so large – and growing so fast – that it’s easy to underestimate the full extent of the nation’s global influence, notes the author of this opinion piece. Source: Knowledge @ Wharton Why So Many Underestimate China’s True Economic Power

Private investment in public infrastructure has been on the decline, indicating doubts about the value of these projects in a changing U.S. economy. Source: Knowledge @ Wharton Why Private Investment in Public Infrastructure Is Declining

Three practices can help differentiate successful companies from those that struggle to gain traction. Source: McKinsey What it takes to get an edge in the Internet of Things