Category: Terms Explained

The Hipster Effect Explained

People who rebel against the crowd often end up looking exactly like each other. That curious pattern has a name: the hipster effect....

The Bullet Train Way To Change

Named after Japan's bullet train, the Shinkansen effect is a way of handling any crisis by making a bold shift instead of small adjustments....

Kaizen: Small, Steady Changes

Kaizen means good change. Borrowed from business, its ground rules keep your mind open, your focus on solutions and your progress moving....

What Is Social Capital?

Asking a friend to recommend a dentist is a small example of a big idea. Here is what social capital means and why it matters....

Three Faces Of Arrogance

Arrogance is a sense of superiority built on an inflated view of oneself. Psychologists describe three kinds, and what usually lies beneath them....

PERMA: Five Building Blocks Of Happiness

Positive emotion, engagement, relationships, meaning and achievement. What each part of the PERMA model asks of you, and how to start using it....

Reading A Mutual Fund Fact Sheet

Every month a fund house publishes a short document that says how your fund is doing and what it holds. What the fact sheet tells you, section by section....

Big Data And The Security It Needs

Big data is the huge volume of information that floods a business every day. It is useful, and it has to be handled safely....

Import Substitution Industrialisation

A theory that asks a young country to shelter its new industries until they can stand up to imports. What it is and how it works....

What Is A Bunny Market?

Bull and bear markets get all the attention. A bunny market is the quieter one that hops up and down without going anywhere....