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What makes leaders effective in an environment that is rapidly changing, volatile, and unpredictable? And what makes those effective leaders get the most out of life?


There is a strange phenomenon in innovation and business growth. To make a splash in the marketplace, an entrepreneur or business must think outside the box, creating an innovative product or service that consumers demand but is not offered by existing companies. Yet, once that business finds success and cultivates a lucrative consumer base, the company is limited in how innovative it can continue to be. This is the “Legacy Trap.”

Blogs Driving the Debate


NCF curates a weekly list of blog posts that touch on emerging issues affecting the American business community.

Josh Sanburn at Time asks, Is this the end of the internship as we know it?  I happen to think that the real story is the rise of contingent labor among young (20-30 years of age) and the old (65 and above) across the world.

Tyler Cowen of Marginal Revolution thinks that the European austerity fuss is much ado about nothing.

In The Atlantic, Gabrial Rossman shows how economics can save you if you ever find yourself kidnapped by pirates.  First lesson: Read Plutarch.  "When these men at first demanded of him [Julius Caesar] twenty talents for his ransom, he laughed at them for not understanding the value of their prisoner, and voluntarily engaged to give them fifty." 

Felix Salmon profiles the profile of Business Insider's epically prolific blogger Joe Weisenthal.

Food stamp usage has tripled since 2007 among Americans with master's and Ph.D's, according to Stacey Patton at the Chronice of Higher Education.

Tim Lee of Forbes explains why the Bay Area's population should be growing much faster than it is.  People should be flocking to this land of opportunity.  Instead, the area is growing at a much slower pace than the rest of the country thanks to the high cost of living.  Lee think it's a shame that the "natural resources" of this highly productive area aren't being fully utilized.  This is not to say that San Francisco and other highly productive and expensivle places are doomed.  Edward Glaeser rwote a piece this week pointing out that "Boston thrives with high education and income and little new housing construction. Houston thrives, with lower incomes, by providing abundant affordable homes. Neither urban model appears to be headed for the trash heap of history."