Do you believe that scarcity exists? On the first day of the high school economics course I teach, the students are challenged to help me prove that it doesn’t. “If we can prove that scarcity doesn’t ...
S ome years ago, an academic friend fell under the spell of Angela Duckworth’s work on grit. Hearing her argument only secondhand, I initially found it militaristic and anti-creative. Now, having ...
When it comes to money and mind-set, it seems like many financial experts agree on one thing—to grow wealth, you need an abundance mind-set. A scarcity mind-set, on the other hand, supposedly holds ...
Resource scarcity translates into enhanced consumer creativity, according to new research. A general sense of scarcity activates a constraint mindset that manifests itself through increased novelty in ...
Perception plays a huge role in how we experience the world around us. In other words, through the lens of scarcity, we might think that there’s never enough for everyone, there’s no opportunity, and ...
Ram Charan is a counsellor to CEOs and a terse writer of business books that capture the important issues managers are – or should be – grappling with. In his latest book, Global Tilt, he begins not ...
Everyone knows what it’s like to lack something. Perhaps the most common example is time: too many things to do, not enough hours to get them done. Others struggle with too little money, or ...
Editor’s Note: This is the third installment of a four-part weekly series, “Are You Ready for the Megatrends?” Building a global supply chain in a world of seven billion people is a complex and ...