Predicting, Badly

The video discusses experiences at an intellectual firm founded by Michael Porter, highlighting the use of simplified intellectual frameworks in business. It covers a macro trend study in Japan that failed to predict market changes and a technology project on the Internet's impact on telecommunications, emphasizing the challenges of economic predictions.

Who founded the intellectual firm where the speaker worked?

• Michael Porter

• Clayton Christensen

• Peter Drucker

• Henry Mintzberg

What was the outcome of the macro trend study conducted for the mutual fund company in Japan?

• All predictions were wrong

• Predictions were not made

• All predictions were accurate

• Some predictions were accurate

What was the main challenge highlighted by the speaker in making predictions about social trends?

• Insufficient funding

• Complexity of social problems

• Inadequate technology

• Lack of data

What was the focus of the technology project mentioned by the speaker?

• Expansion of telecommunication networks

• Development of new telecommunication devices

• Reduction of telecommunication costs

• Impact of the Internet on telecommunications

According to the speaker, what is a common issue in economic predictions?

• Changes are always overestimated

• Changes are always underestimated

• Changes take longer and then occur rapidly

• Changes happen exactly as predicted