The Internal Disruptor

As many older business models struggle with digital transformation, they need internal disruptors who can transition help transition them to the new digital economy.

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Digital Minimalism: How To Declutter Your Online Life

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refinery29.com

Just as Kondo suggests organising our physical spaces to achieve calm, in Digital Minimalism: On Living Better With Less Technology, Cal Newport argues that we can do the same for our digital spaces. Newport's "digital minimalists" have learned how to have a meaningful, mindful and balanced relationship with technology - using it to "support" personal goals, rather than letting it "use" them.

Key Ideas

Digital minimalism

Digital minimalism is a "philosophy of technology use in which you focus your online time on a small number of carefully selected and optimised activities that strongly support things you val...

The principles of digital minimalism

Clutter is costly. Digital minimalists recognise that cluttering their time and attention with too many devices, apps, and services creates an overall negative cost that can swamp the small benefits that each individual item provides in isolation.
Optimisation is important.To truly extract the full potential benefit of a technology, it’s necessary to think carefully about how you’ll use it.
Intentionality is satisfying. Digital minimalists derive significant satisfaction from their general commitment to being more intentional about how they engage with new technologies.

Our relationship with technology

"The underlying behaviours we hope to fix are ingrained in our culture, and […] they’re backed by powerful psychological forces that empower our base instincts. To re-establish control, we need to move beyond tweaks and instead rebuild our relationship with technology from scratch, using our deeply held values as a foundation." - Cal Newport

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7 Things That Self-Made Billionaires Do Differently

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Fascinated by this question for my whole career as a serial entrepreneur and writer, I've read more billionaire entrepreneur biographies than I can count, researched what they have in common, and met and interviewed several. Without a doubt, luck plays a central role.

Key Ideas

Using Decision Trees

Understand the different outcomes that could happen (both positive and negative)
Calculate the expected return or loss of each outcome
Attach a probability to each outcome

Use Decision Trees

Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.

Most became a billionaire by making unlikely big bets, as their expected return statistically was much higher than safer bets.

Build Deep, Long-Term Relationships

One of the best ways to get information is not from just being better at searching Google, it’s from learning how to build a network and get the information you need through that network.

This network should include people’s lessons learned and hacks, topics that are too sensitive to talk about because they make someone look bad, and tacit knowledge (knowledge that people have but aren’t able to articulate).

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The Most Important Quality A Digital Leader Requires

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forbes.com

It's been 11 years since the introduction of the first Apple iPhone, and this may have been the catalyst that kicked off the digital movement in earnest. "Once everyone got iPhones, and once we started being able to do so much ourselves as consumers, we wanted to be able to do that as businesspeople too," states Shellye Archambeau, entrepreneur, tech executive, and Verizon and Nordstrom board member.

Key Ideas

Digital Leaders

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It is about understanding how specific technologies interact with people, and setting aspirations, creating culture and building capability.

Successful digital leaders challenge obs...

Digital Transformation

Digital technology needs to enhance your processes and activities, and also what you are able to offer to your clients.

Companies now need digital innovators to lead them or risk perishing under the growing wave of digital disruptions. They also need to communicate and share with customers and employees, to identify opportunities and individuals who will help promote change.