Best Practices Vs First Principles Based Leadership

Earlier today, I read a blog post by Greg Satell titled “This Is One Big Reason Why So Much Business Thinking Is Crap“. In the post he shares his insight on how business fads are created, propagated and result in much waste before fading away. I agree with him whole-heartedly. Building best practices through case studies and interviews, in my opinion is somewhat similar to how blind men would define an elephant, just by feeling a part of the elephant. There is a lot that can go wrong in the proc...