Schumpeter's Gale
Welcome to Schumpeter’s Gale
Step into Schumpeter's Gale! This blog is where I will post my thoughts and, hopefully, through interviews, the thoughts of others on the topics of innovation, growth, and restructuring. The title, of the blog "Schumpeter's Gale", is an homage and refers to the forces...
Building an AI to Predict Financial Distress Before It Happens
"Open the checkbook, HAL." “I’m sorry, Dave. I’m afraid I can’t do that.” "What’s the problem?” “This purchase increases your accounts payable risk beyond the 95th percentile. You’ll be in liquidity distress by next quarter.” In Stanley Kubrick’s 2001: A Space...
When Business Conflict Becomes Strategic Opportunity: A Delicate Balance
In the complex world of business relationships, there are times when conflict isn't merely inevitable – it can become a strategic inflection point. While conventional wisdom often emphasizes conflict avoidance, there are rare situations where managed tension can...
When Survival Means Making the Hardest Choices: A Lesson in Strategic Downsizing
In the startup world, growth often feels like a runaway train – exhilarating but dangerous. I encountered this firsthand when I was called into a startup that had expanded rapidly to over 30 employees during boom times. As the financial landscape shifted and storm...
The Courage to Let Go: Why Outside Change Agents Matter in Business Turnarounds
There's a profound paradox at the heart of entrepreneurship: The very qualities that drive someone to build a business – fierce independence, unwavering conviction, and passionate attachment to their vision – can become their greatest liabilities when that business...