Sunday, April 15, 2012

10 Management Lessons from Titanic (Today is the 100th anniversary of Titanic sinking)

From the link:
  1. Even the unsinkable can sink
  2. Always be realistic and prepare for the worst
  3. Being overly ambitious increases risk
  4. Icebergs are only 1/7th above water
  5. Big ships take more time to steer
  6. Slow down and Turn is the natural decision under stress and it is the wrong decision
  7. It is impossible to control the mass in panic mode
  8. When a ship is certain to sink, abandon it with all haste
  9. Search and take care of the survivors
  10. Figure out what went wrong to not repeat them again

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