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The value of lateral thinking
Lateral thinking can bear huge dividends in certain parts of a business.
- In finance, there are seldom new approaches to fundraising being considered as part of business continuity planning. However, there are many opportunities to think outside the box and solve problems.
- People management is another area. The question to consider in HR is how to build talent pools for the future, and how to help people learn quickly and well.
The critical point is this: it does not matter where you work or what you do, the ability to problem-solve and think critically is an increasingly in-demand skill, especially in times of change or crisis.
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MORE IDEAS FROM THE SAME ARTICLE
Lateral thinking refers to a person's capacity to address problems by developing original answers to difficult questions.
This is the essence of creativity. All organizations benefit from creative solutions when traditional solutions fall short.
A transitional object is someone or something with certain characteristics or qualities you can use as inspiration for new ideas.
For example, "What would Bruce Lee do?" He taught the importance of using the energy of your attacker. How might this inform your strategy?
To challenge traditional thinking, ask, "what's the one thing we absolutely should not do in this situation?" and then consider it as an advisable course of action.
When innovating, it can be easier to go way out and wind back than to try solving problems by repe...
Most strategies and tactics involve doing more things in ever-shorter time. It reduces the impact while burning people out.
To stimulate new thinking, ask, "what would happen if we stopped doing the following?" It will challenge your organization's received wisdom about resource d...
All narratives are about a very small number of basic plots, namely: Quest, voyage and return, rebirth, comedy, tragedy, overcoming the monster, rags to riches. And they apply to more than just fiction writers.
Consider which plot currently underpins your business and rewrite the f...
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Money is not a fixed entity. It is a complex of data points, challenges, and opportunities you encounter and have feelings about. Your decisions about money affect your emotions and behavior.
There are three factors you need to know about the psych...
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- Traditional thinking: is vertical and the process flows in a logical manner toward a conclusion, based on available information.
- Lateral thinking: is horizontal and the process is centered on generating many ideas while de-emphasizing the details of how those ideas coul...
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We tend to assume that confident people have more potential for leadership.
However, there is little overlap between how good people think they are at something, and how good they actually are.
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