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A study conducted by economist Paul Ormerod states that the extinction rate of companies and species are quite similar over a time frame of 500 million years. Who could’ve predicted that?
In another experiment from the book, experts tried to forecast the future of different companies, events, or even states, and they rarely came true.
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Most of the time, organizations and leaders feel like they have more control over a problem than they actually do. This feeling of false know-how combined with formal authority often empowers them. Therefore, they make utopic decisions under the impression of total control.
Using actual, legitimate examples, Adapt centers around the idea of accepting failure as a natural part of life, and more importantly, as an opportunity to grow and learn from it. Moreover, i...
Adapt proposes a surprising approach to accepting failure as a part of the innovation process.
"No plan survives first contact with the enemy. What matters is how quickly the leader is able to adapt."
Tim Harford introduces the reader to a series of surprising concepts, focusing specifically on the importance of accepting failure as part of our lives.
The book points towards centralization and its capacity to hinder innovation . Given the example of a top-down organization, the author explains how high-level managers cannot make better decisions than local executives th...
Growth implies an ongoing process of trial and error and gradual maturity. Whenever we face an opportunity, a challenge, or maybe just an experience that might turn into a life lesson, we are going to experience a few changes in our personality. And because we face all kinds of occurrences,...
Harford suggests that we should consider failure a natural part of any process or plan . And rather than being disappointed, you should just eliminate that variable from then on and try again. Moreover, you should expect to ...
Innovation relies heavily on creativity and critical thinking. Therefore, we have to find ways to harness the creative process, brainstorming, and reasoning skills . We’ve seen how organizations often fail to do so due to high l...
Hartford suggests that if you want to enhance innovation , there are two ways to do this. The first one is patenting. By giving monopoly over an idea to the one that came up with ...
The 30-year old who wants to explore universal reads and learn about earthly concerns, the philosophy or psychology student who wants to gain a deeper understanding of their topics of interest, or anyone who wants to learn how to overcome failure.
He addresses some key matters humanity is finding hard to overcome, such as climate change, poverty , financial crisis, or innovative processes.
This book reveals essential lessons, suitable for any typ...
Adapt - Book Summary
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