Theory as a hint - Deepstash

Theory as a hint

A theory is a hint, a possibility, an intimation. It’s an idea that someone thinks is worth exploring or one that somebody already holds dear.

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MORE IDEAS FROM THE ARTICLE

Theory informs action

A good theory will inform your ideas and help get them across effectively. In fact, a good theory will probably allow you to do without all the fancy rhetoric and illustrations, and just focus on getting right to the point.

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PETER DRUCKER

 “These are the assumptions that shape any organization’s behaviour, dictate its decisions about what to do and what not to do, and define what the organization considers meaningful results. These assumptions are about markets. They are about identifying customers and competitors, their values and behaviour. They are about technology and its dynamics, about a company’s strengths and weaknesses. These assumptions are about what a company gets paid for. They are what I call a company’s theory of the business.”

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KURT LEWIN

‘There is nothing so practical as a good theory.’

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A good way to develop a theory is to start by looking for things we can agree on. For example, we can agree that good products and services solve problems. To be useful to our users, they must fulfil a real need, and fill their lives with more joy, satisfaction, and value than other solutions would.

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A theory is more than just a hunch or an untested idea. It is a set of ideas that explains the way things work. It’s generally based on evidence, either real or imagined, that is gathered together into a logical pattern.

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  • It answers questions for which there are no answers now —
  • it explores how something might be — and it suggests avenues to explore, experiments to run, predictions to make.

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It is not some academic concept.

It has applications in all aspects of life. If you are a good cook, rather than just following someone else’s recipes you can come up with your own recipes. If you are a good mechanic, rather than just following the manufacturer’s directions for fixing your car, you can design your own way to do it.

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Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

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The freedom finders like to spend on new experiences in the pursuit of “living life to the fullest.” 

Try using a budgeting app or immediately allocating a portion of each paycheck into envelopes with designated purposes. Include a travel fund and emergency fund.

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Hypothesis

A hypothesis is an initial statement regarding the cause and effect in a specific situation. It can be tested by experimentation and observation or by statistical analysis of probabilities from data. A useful hypothesis allows predictions by using deductive reasoning.

Sometimes a hypothesis is developed before new knowledge or technology can test it. The ancient Greeks proposed the concept of atoms, but it could only be tested centuries later.

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The model of future work

By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scarcer. Any company that doesn't join the early adopters and doesn't address its underlying talent needs may fall short of reaching its goals.

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