When it comes to setting strategy, there are benefits to both popular and loner strategies.
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Companies need to learn to evaluate aftereffects that could weaken whole value chains.
All differences in business models can create the potential for competitive risk exposure. This does not mean that a company should imitate its competitors, but that it should consider the risk when they have different strategies.
Deciding is too much effort so we’re likely to just stick with the default or safer option if it’s already been chosen for us.
When we get offered too many choices, the same...
This is when serotonin is at it’s natural high, which helps to calm our brain. Thus, we feel less risk averse and so we can face risks and make harder choices.
If we’re feeling hunger, thirst or sexual desire, that can actually spill over into the decision areas of our brains, making us feel more desire for big rewards when we make choices.
This can lead us to make higher-risk choices and to want for more.
This works well for the chronic procrastinator: those who say they will do it later and then wonder why it never gets done.
Instead of getting overwhelmed, tackle your to-do l...
Rather than trying to work flat-out, break down your day into a series of work-sprints with a short rest period after each session.
Set a timer for 25 min and focus exclusively on your work for that time, take a 5 min break, and repeat.
Some people find that taking a 5 min break destroys their flow. But it does help to break long complex tasks into a series on manageable sprints.
The 2-minute rule is a strategy for quickly assessing and taking action on small tasks so they don’t take up too much mental energy.
Ask yourself if a task is going to take you 2 minutes or less. If so, just do it.
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