Down the rabbit hole – How cognitive bias leads to failure
The resources industry is going through hard times. Wouldn’t it be wonderful if we all pulled together? Sadly, many operators and clients still prefer to … Read more
Change
How extended payment terms hurt innovation
An interesting piece of research on how extended payment terms affect suppliers. The authors find that small firms forced to accept extended payment terms … Read more
“I have a bad feeling about this…” – Why experience matters
Jumping to conclusions is efficient if the conclusions are likely to to be correct and the costs of an occasional mistake acceptable, and if … Read more
Feeding stray cats: Should you support a contractor in financial distress?
You know what it’s like to have a hungry stray cat begging at the back door. You try to ignore it. You hope it will … Read more
Creating local content opportunities in major projects
With careful planning and management, you can not only find and grow capable small and medium-sized enterprises (SMEs), but also give them real opportunities … Read more