The Diderot effect says people purchase things that are generally complementary to one another and that relate to their sense of identity. When something new deviates, though, it can cause a domino effect of more consumption. Perhaps the new kitchen/car/shoes make existing possessions look shabby, and suddenly everything must be upgraded. Coined by anthropologist Grant […]
This year, for the first time in about 40 years, I am not serving on a nonprofit board. Or on five of them simultaneously. Did that the year I left my corporate job to start my consulting firm. And nearly bankrupted myself, as I gave away more time and advice than I sold. Lesson learned. […]
Discussing Kentucky Derby parties we planned to attend, an old friend told me about her outfit and, in particular, the bling she intended to add to it. A very creative person, she anticipated the party might be on the traditional side, so her stated goal was to be slightly unacceptable. The phrase instantly grabbed me. […]