Learn more about career with this collection
How to establish a positive team culture
How to collaborate effectively
How to build trust with a new team
The power of specialisation
Without specialisation, we would not have computers, the internet, cars, antibiotics, or all the other more sophisticated things.
Specialisation creates wealth. The power of specialisation is related to the size of the economy. In a small village, there's only so much specialisation, such as a teacher. But in a global economy, there is an increased payoff for specialisation.
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Balancing depth and breadth
Two points should be noted:
- Specialisation is essential.
- Specialisation without any breadth is risky. Living inside a hyper-focused skillset can feel comfortable, but it has hidden costs. Your skill can become less valuable, and you could miss ...
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Simple rules to help knowing where to invest
- Moving upwind. When you are unsure of which path to follow, choose the one with the most options.
- Specialise in work, generalise in play. Keep your work focused, but vary your intellectual pursuits. For example, you may be a software developer by day...
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The dangers of excessive specialisation
Specialisation means focusing on one area to the exclusion of everything else. It can be great when all is well but disastrous when it fails.
The tech industry is booming at present, but nothing lasts forever. A political change could stifle innovation. Economic centres could shift from the...
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Other curated ideas on this topic:
Individual Power In The Creation Of Wealth
Joining a company is not the only way to create wealth. As long as you can create something that people want you can create wealth and for that you don’t need a company as an intermediary.
Working hard has a high individual cost but creates the opportunity to earn more wealth than on...
A world without the Internet
- Antisocial behaviour existed well before the Internet. The same argument was used about the telephone - that it would reduce social encounters. But it really facilitated more of them.
- An attempt to separate the Internet from everyday life is useles...
7 Laws of Success inspired from Steve Jobs
- Follow your passions. Without it, any rational person would give up.
- Find your noble cause. For Jobs, making computers accessible to the average person wasn't just a business strategy; it was a calling.
- Simplify everything and focus on the gems. You ha...
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