What are the biggest global supply chain issues right now? What factors will continue to affect the supply chain in the long term? The current global supply chain disruptions were sparked by the pandemic response and compounded by surging demand, transportation snarls, and the war in Ukraine. Experts were pessimistic mid-year but are now predicting a return to normality in early 2023. Read on to learn why we may still face long-term global supply chain issues, despite predicted improvements.
What are mental models? What are some ways mental models can be useful in your everyday life? Mental models are recurring concepts and patterns that explain a wide array of situations. For example, physicists might use Newton’s law of inertia to predict that planets in motion will remain in motion, and biologists might rely on natural selection to explain the origin of the fight-or-flight response. In this article, you’ll learn about the concept of mental models and how they can be useful in everyday life.
How will the Inflation Reduction Act affect electric vehicles (EVs)? Which EVs are eligible for the tax credit? With a $7,500 tax credit for the purchase of an electric vehicle, the Inflation Reduction Act aims to encourage more people to buy EVs, especially those made with U.S. resources. However, the bill creates difficulties for Asian and European car manufacturers for whom the U.S. market is essential. Keep reading to learn more about what the Inflation Reduction Act means for electric vehicles.
Are you interested in dual citizenship? Is an Irish passport a good option for a second passport? The convenience gained from holding a second passport cannot be underestimated, especially a passport as strong as the Irish passport. As a member of the European Union (EU), Irish citizenship comes with robust benefits. Stick around as we analyze the abundant number of benefits that the Irish passport offers to its holders. Benefits of the Irish Passport The overall strength of a passport is determined by the benefits it offers at home and abroad, and Irish citizenship ticks all boxes in that regard.
What is a sustainable competitive advantage? What can you do to gain a competitive edge in your market? In essence, a sustainable competitive advantage is a long-term edge over competitors that you can exploit. For example, Tesla has derived a sustainable competitive advantage by producing its own car batteries, which consistently cuts costs while delivering higher-quality batteries than the competition. Here are some tips for building a sustainable competitive advantage.
What’s causing the Ukraine food crisis? Which countries are affected? What other supply chain issues are expected? Ukraine is an important source of wheat, barley, and other foodstuffs for many poor and developing nations. However, Russian blockades have prevented exports from Ukraine from reaching the rest of the world, creating a food crisis through shortages and global price increases. Read on to learn how the Ukraine food crisis is developing and which countries are facing shortages.
What are some things you should consider when hiring for your team? Should you only hire the best of the best? To build an effective team, recruiting only all-star employees won’t work, because Joy’s Law states that most of the smartest, highly talented people in the world always work for someone else. Since you can’t bank on everyone being a natural all-star, it’s crucial to instead harness your employees’ potential. Gabriel Weinberg and Lauren McCann offer some tips for building an effective team.
Do you take forever to make a decision? How do you stop overthinking and learn to make decisions more efficiently? Making the best decision is pointless if it takes an impractical amount of time. In their book Super Thinking: The Big Book of Mental Models, Weinberg and McCann recommend three strategies for efficient decision-making. Below, we’ll examine each one.
What role did the East play in world history? How has the dynamic between East and West evolved over the millennia? According to historian Peter Frankopan, the Silk Roads have always been history’s crucial connection point. He examines the history of Central and Western Asia and its centrality to what has happened all over the world since the dawn of civilization. Keep reading for an overview of The Silk Roads by Peter Frankopan, which provides a fresh perspective on world history.
What is “super thinking”? How does super thinking facilitate learning and decision-making? According to Gabriel Weinberg and Lauren McCann, super thinking is the ability to accurately understand the world. Further, they claim that you can develop this ability by learning how to think in terms of mental models. Keep reading to learn what mental models are, where they come from, and why they’re valuable in decision-making.