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One challenge in life is knowing when to explore new opportunities, and when to focus harder on existing ones. Do we keep learning new ideas, or do we enjoy what we've come to find and love?
In trying to assess if we should explore further or exploit our current opportunities, it's essential to consider how much time we have, how we can best avoid regrets, and what we can learn from failures.
When we consider seizing a day or seizing a lifetime, it is important to understand the interval over which we plan to enjoy them.
Explore when you have the time to use the resulting knowledge, exploit when you're ready to cash in.
Regret is the result of comparing what we did with what would have been the best.
We can minimize regret, especially in exploration, by trying to learn from others. In new territory, we can best prevent regret with optimism because we'll explore enough so that we won't regret any missed opportunity.
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A conceptual model is the underlying belief structure about how something works.
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Jootsing means “jumping out of the system."
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The concept of jootsing shows us that constraints and restrictions are essential for creativity.
Most of us say we want to be creative—and we want the people we work with and for to be creative. The concept of jootsing reveals why we often end up preventing that from happening. Creativity is impossible without in some way going against rules that exist for a good reason.