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The circle of competence

The circle of competence

The circle of competence model states that everyone has an area, or circle, of expertise. However, the circle of objective competence may be surrounded by a larger circle of subjective, and often over-inflated, belief in your ability.

Your circle of competence represents what you really know, versus what you think you know.

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Discovering your circle of competence

To determine your circle of competence, you have to understand where your true competence lies, without allowing subjective beliefs to create undue assurance in your abilities. 

To determine the breadth of your circle of competence, you need to have an honest look a...

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The circle of competence: a mental model

  • A circle of competence is a mental model that helps mitigate the risk of failure associated with overconfidence by having a realistic view of your strengths. The term was first coined by Warren Buffett, one of the world’s most successful financial investors.
  • Alongsi...

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Stepping outside of your circle of competence

If your goal is to avoid risk, you should stick to your circle of competence; however, if your goal is to innovate, you will be better off stepping outside of your circle so you can come up with non-obvious solutions.

Never stepping outside the boundaries of your circle of ...

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Make the most of your circle of competence

To take advantage of your circle of competence is to find a balance between honestly acknowledging your capabilities, and strategically striving to expand your knowledge and horizons.

  • Ensure predictable progress. Define the limits of your circle of competence to ensure...

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IDEAS CURATED BY

weston_ga

"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark

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Circle of competence

Circle of competence

If you want to improve your odds of success in life and business then define the perimeter of your circle of competence, and operate inside. 

The concept has been used by Warren Buffett and relates to the importance of  honestly definining what we do know and to stick to those areas....

Circle of Competence

Circle of Competence

Each of us, through experience or study, has built up useful knowledge on certain areas of the world. Some areas are understood by most of us, while some areas require a lot more specialty to evaluate. 

It is important to honestly define what we know and stick to those areas. 

...

5.The Zorro circle

5.The Zorro circle

  • Limiting your focus to small and manageable goals can expand your sphere of power.
  • One of the biggest drivers of success is the belief that our behavior matters; that we have control over our future.
  • By first limiting the scope of our efforts...

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