99% of Big Projects Fail. His Fix Starts With Legos.

  • 📰 WSJ
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

An economist who has spent decades studying why the world's biggest projects go wrong has some advice for getting them right

One way to learn how the world’s biggest building projects work—or don’t—is to start with some of the smallest building blocks: Legos.

In the 1950s, when Lego decided to make one product the centerpiece of its business, the Danish company went looking for a single toy that could be the foundation of an empire. It picked the colorful plastic bricks that have captured the imagination of children ever since. It was a wise choice. It was also a fitting corporate strategy: Lego turned a small thing into something much bigger.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's not exactly a novel idea. Never heard the phrase 'a stitch in time saves nine' ?

Lego.

People

I'm of the mindset that every child should have a lego set. The fundamentals it teaches are priceless.

Como retirar o selo de segurança dos sacos de dinheiro transportados pelas carrinhas de valores. N se esqueçam destes 3 principios, retirar o parafuso apenas com cera de silicone, desmagnetizar com mt calor e usar white noise para inviabilizar o sinal RFID

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This mom lifted weights through pregnancy: Check out her 'buff' baby!This mom lifted weights through her pregnancy and now her baby has 'big, big muscles.'
Source: TODAYshow - 🏆 389. / 55 Read more »

'Big Short' investor Michael Burry tweets one word of advice for investors before big Fed meetingMichael Burry tweeted out a piece of investing advice consisting of just one word, a day before the Federal Reserve's market-moving interest rate decision. It’s psy ops. That’s his thing. I got some advice on the big short-- just buy on the next 5% drop n leave it for 5 years n don't even look at your investments It was “sell”
Source: CNBC - 🏆 12. / 72 Read more »

Q&A: Big Brothers Big Sisters CEO recruits alumni as mentorsNEW YORK (AP) — Big Brothers Big Sisters America CEO Artis Stevens says the 119-year-old nonprofit long known for mentoring schoolchildren is now diversifying its programming. Stevens, who took over the organization two years ago, said the fastest growing demand for its services is among young adults, ages 18-25, and he wants to expand its offerings to meet the changing availability of mentors and needs and interests of mentees.
Source: AP - 🏆 728. / 51 Read more »

Protected areas fail to safeguard more than 75% of global insect species, finds studyInsects play crucial roles in almost every ecosystem—they pollinate more than 80% of plants and are a major source of food for thousands of vertebrate species—but insect populations are collapsing around the globe, and they continue to be overlooked by conservation efforts. Protected areas can safeguard threatened species but only if these threatened species actually live within the areas we protect. A new study publishing on February 1 in the journal One Earth found that 76% of insect species are not adequately covered by protected areas.
Source: physorg_com - 🏆 388. / 55 Read more »

Tyre Nichols case shows officers still fail to interveneJust like the attack on George Floyd in Minneapolis nearly three years ago, a simple intervention could have saved a life. Instead, Nichols is dead and the five officers are charged with second-degree murder and other crimes.
Source: denverpost - 🏆 13. / 72 Read more »