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.
IDEA EXTRACTED FROM:
TOPICS IN THIS IDEA
RELATED ARTICLES & IDEAS
Billionaires are often highly disciplined and set extraordinarily high standards for themselves and the people around them. Of course, they have lazy and unmotivated days but they don’t allow thems...
Routines and rituals are sets of habits that, when practiced consistently, lead to profound, long-term results. Most billionaire routines start early in the day and include exercising, reading and contemplating.
It doesn’t matter when you do your routine activities. What counts is that you commit to doing them — even when you don’t feel like it.
Billionaires love setting aside alone time. .. To think. They might do this by meditating or some other relaxing activity they enjoy.
The company having the original PC technology back in the 70s was Xerox. This was a time when their photocopiers were a worldwide hit, and even their brand name ‘Xerox’ was used as a verb. They had...
Successful organizations start having rigid corporate cultures, which crumble when the outside world evolves, which is always inevitable.
The rules and assumptions that companies operate on, become embedded, making the employees blinded from any potential future innovations.
... is a reluctance to give up on the past spendings and investments made on projects or products that are no longer providing any return.
The managers are usually unable to make strong decisions and keep adding costs to failed (or about to fail) projects.
Deepstash is better on the app. Discover new ideas and get inspired daily.