19 Jul 22. The Butterfly Effect: In chaos theory, the butterfly effect is the sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state. The term is closely associated with the work of mathematician and meteorologist Edward Norton Lorenz. He noted that the butterfly effect is derived […]
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Read More29 June,2022. In a recent talk by Prof. Gad Ravid of the University of International Business and Economics, Israel to the students of ISME on ‘Management of Innovation – Challenges in the New World’, he had a very unusualinsight in the conclusion of his talk. He suggests, to drive innovation, companies will have to drive […]
Read More29 June,2022. In one of my visits to a tea garden in Assam and its small neighbouring town, I was amazed at the kindness, trust and bonhomie amongst the people in the town. The manager of the tea garden left his car unlocked with the key in the ignition while going into a store to […]
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