Many people fall into the competency trap, which is the assumption that their established principles and mental models, that have served them all these years, will be sufficient in the future too.
They rely on familiar tools, skills and routines, getting into their comfort zone in the false belief that they don’t need to upgrade or change in this increasingly complex and competitive world, where change is the only constant.

The Competency Trap

Problem Solving

<ul>
<li>When we overcommit to our core competencies they become our only reality.</li>
<li>We start to see the business world outside with the same internal view that has been harnessed for so many years when we strengthened and relied on the same skills.</li>
<li>We strive hard to attain mastery in our core skills, but forget to incorporate other skills, habits and mental models that are required for us to thrive in the future.</li>
</ul>

When Core Competencies Become Core Rigidities

<ul>
<li>One must continuously learn new alternatives, skills and approaches to work and nurture one’s innovative spirit, becoming a competitor to oneself. </li>
<li>One has to look for gaps, areas of improvement and new market realities.</li>
<li>One must invest time, money, energy and attention towards new methods, techniques and tools that help us innovate, reinvent and upgrade ourselves. </li>
<li>One can take time to analyze one’s life and career, reviewing and reflecting on the strategies that are incorporated to improve oneself.</li>
</ul>

The Importance Of Disrupting Yourself

Instead of maintaining an open mind to learn better systems, models, practices, skills and processes of success, many successful and smart people stop questioning their success principles. They get…

The Competency Trap

I interviewed 21 self-made billionaires about their secrets to wealth and success-here's what I learned

Practice Discipline

Commit To Routines

Contemplate

How to avoid the ‘competency trap’

The Competency Trap

The Problem Of Success

The Sunk-Cost Bias