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Category: Entrepreneurial

  • How does “chunking” improve brain efficiency

    David Rock in his book “Your Brain At Work” states that smaller the information the prefontal cortex(processes thoughts , decisions etc.)is loaded with better the efficiency.

    Chunking of information into manageable pieces results in efficient brain processing with less energy drainage.

  • “Prioritize Prioritizing” for most efficient use of your brain

    David Rock in his book “Your Brain At Work” makes a mention of the fact that parts of the brain involved in thought related processing e.g problem solving , creativity make most use of energy e.g. glucose , oxygen.

    As a result of this “Prefrontal Cortex” involved with this function needs to be used optimally once when most needed.

    For this to happen meticulous white board planning needs to happen to determine the prioritized list of tasks to engage this part of the brain with.

    Generally this planning should happen at times when we are least loaded e.g. early morning , late evening vefore bed.

  • How about a “FedEx Day” every quarter

    Dan Pink’s book “Drive” emphasizes the importance of “intrinsic motivation” for a modern day knowledge worker.

    He makes a mention of the iconic company named Atlassian(invented Jira ,Confluence etc. agile software lifecycle tools).

    To encourage creativity as a drive towards intrinsic motivation one day every quarter is celebrated as “FedEx Day” wherein anyone can develop anything of his or her choice provided something is shown as a deliverable.

    Amazing thought process!!

  • Time to upgrade our “business operating system”

    Dan Pink’s book named Drive explains in great depth the modern day motivational drivers.

    Carrot & Stick” method that has worked as a short term driver in the factory age , needs to be replaced by the new age intrinsic motivation related drivers namely : “Autonomy” , “Mastery” & “Purpose”.

    There is indeed a need to upgrade the business operating system since there exists a yawning gap between what science knows and what business does.

  • “Mastery” – 3 principles

    Attainment of “Mastery” is bound by the following three principles.

    Dan Pink’s book Drive makes a mention of the same.

    1) Mastety is a “Mindset” – Continuity in excellence needs a learning mindset rather than a performane mindset

    2) Mastery involves “Pain“- Excelling in a particular field needs a lot of personal sacrifices.

    3) Mastery always follows an “Asymptotic” pattern – Attainment of mastery will never touch the ceiling , even though the final destination may seem very near.

  • What is common among “Gmail” , “GoogleNews” & “PostIt notes”?

    Google , 3M have been very well known for providjng a lot of autonomy to employees to showcase their creativity.

    In an effort to create a Result Oriented Work Environment(ROWE), it has historically provided employees a leeway of using 20% of their time to do something outside their realm of work.

    This autonomy provided to employees have incidentally given birth to these iconic creations.

  • Ever heard of the term “Homeshoring”??

    Dan Pink’s book Drive makes a mention of this term.

    To make customer service more interesting , JetBlue had started diverting customer calls to homes of service representatives , without any monitoring.

    This was contrary of the popular practice of offshoring such work for cost savings..

  • Components of “Intrinsic Motivation” -Dan Pink’s book Drive , takeaways

    Components of intrinsic motivation to help switch to Type I (Intrinsic motivation) personality are:

    1) Autonomy

    2) Mastery

    3) Purpose

  • Are “If-Then” rewards good for instilling creativity?

    Dan Pink in his book “Drive” makes a mention of the fact that “if-then” rewards better known as carrot/stick awards can be detrimental when it comes to instilling creativity and doing right brain oriented tasks.

    Hence these rewards must be used with caution mostly for the purpose of getting done “left brain” oriented mundane tasks by making use of an external driver e.g. money.

  • Successful products vs Magical products – Key takeaway from “Emotional Design”

    “Emotional Design” by Don Norman beautifully highlights the difference between a successful product and a magical product.

    Successful Product – A product born out of prototype creation , repeated testing and re-design.This is the standard process of creating a product that sells and enables the maker to make profits.The recipe is very simple , follow the standard processes of product design.

    Magical Product – Now there is no clear receipt for creating such a product for e.g. iPhone , iPod etc.The only pattern that we see is that such products have been created by visionaries and have involved high financial risks worth the final outcome when the product sell gathers momentum. Had there been a clear recipe , had these followed standard processes and been time boxed  all successful products would have become magical products.