Defending old ways of doing business

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I learned the danger of excessive caution long ago, when I consulted for huge Fortune 500 companies. The single biggest problem I encountered—shared by virtually every large company I analyzed—was investing too much of their time and money into defending old ways of doing business, rather than building new ones. We even had a proprietary tool for quantifying this misallocation of resources that spelled out the mistakes in precise dollars and cents.  Senior management hated hearing this, and always insisted that defending the old business units was their safest bet. After I encountered this embedded mindset again and again and saw its consequences, I reached the painful conclusion that the safest path is usually the most dangerous. If you pursue a strategy—whether in business or your personal life—that avoids all risk, you might flourish in the short run, but you flounder over the long term.

Ted Gioia writing in The Atlantic

The Suburb within

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You might live in the middle of a big city, but there could still be a white picket fence around your imagination. You can take the subway to work but still park your identity in a two-car garage. This is the inner suburbia, and you probably moved her long ago. You’ve learned to contain your longings and sympathies within a comfortable zone, measures and mediocre. To grow, you must move toward otherness. You must quit the ranch house of your soul and head for the forbidden place—your inner wilderness, inner bohemia, or even your inner inner city. The answer you need lie there, where you are least at home.

Andrew Boyd, Daily Afflictions

A growth mindset

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A growth mindset suggests that you can grow, expand, evolve, and change. Intelligence and capability are not fixed points but instead traits you cultivate. A growth mindset releases you from the expectation of being perfect. Failures and mistakes are not indicative of the limits of your intellect but rather tools that inform how you develop. A growth mindset is liberating, allowing you to find value, joy, and success in the process, regardless of the outcome. 

Cultivating a growth mindset can begin with shifting your inner dialogue from beliefs about your ability (a fixed mindset) to beliefs about your opportunities and needs (a growth mindset)—for example, from “I’m terrible at giving presentations” to “I need more practice presenting in front of others.” 

Similarly, “I’m not good enough to be promoted to supervisor” might become “I need some additional experience before I’ll be ready for promotion.” Simple restatements have a dramatic impact on what you believe about your own abilities. A fixed mindset often runs deep; it may take constant practice to reframe your default thoughts.   

Lisa Christensen, Jake Gittleson, and Matt Smith

The Willingness to be Misunderstood

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Invention requires a long-term willingness to be misunderstood. You do something that you genuinely believe in, that you have conviction about, but for a long period of time, well-meaning people may criticize that effort … if you really have conviction that they’re not right, you need to have that long-term willingness to be misunderstood. It’s a key part of invention.

Jeff Bezos, Amazon founder