Jason George shares an article that explores building contingency at the cost of agility, and why taking the safe route may be more costly.  The next time you travel by airplane, look out the window and see if you can count how many engines are attached to the wings. Chances are pretty good you will find only one on each side. This holds true even on routes with long stretches over water or harsh terrain that provide no suitable diversion…

  Jason George uses the evolution of the aviation industry as a means to explore the cost of risk aversion and how it can stymie growth. Building in every possible contingency as part of a strategy can end up producing something so encrusted with extraneous elements that agility is compromised. Alternatively, it may hew so closely to known and safe paths that it ends up losing the novelty that would make it compelling. If you can’t cut yourself loose from…

There are four good reasons for holding on to a cash-based economy. Tobias Baer reveals the hidden economic benefits and explains why cash is still king. Do we still need cash? More and more stores are going cashless. A whole country—Sweden—is intent on becoming the world’s first cashless nation in 2023. The attraction is the savings from avoiding the substantial handling costs of cash. In many places, increasing numbers of consumers have stopped carrying wallets because their phones have become viable…