Achieving Groundbreaking Innovation through First Principle Thinking
It may seem that practicing First Principle Thinking requires more mental energy and intellectual rigor, but it simply requires a different type of thinking and intellectual rigor.
By definition, true innovation only occurs if we start with the First Principle. To make the leap from the impossible to the possible, we can't just iterate on what already exists.
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Is a foundational truth that is "known by nature". It is not an assumption or deduction based on another theory or supposition but it’s also not an absolute truth but rather an observed one, meaning further analysis might prove it imprecise.
The CEO might re-envision the way his company tackles development, by bringing in other departments that don't normally get to participate in this work, and creating incentives for original thinking from anyone in the company.
On a personal level, you may make yourself more open to other people's perspectives and find value on discussions that you may not have previously had.
"I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy. So I said, OK, let’s look at the first principles. What is a rocket made of? Aerospace-grade aluminum alloys, plus some titanium, copper, and carbon fiber. And then I asked, what is the value of those materials on the commodity market? It turned out that the materials cost of a rocket was around 2 percent of the typical price—which is a crazy ratio for a large mechanical product."
Don't hold large meetings, except if they are providing value to everyone. Then keep the meeting short.
A typical meeting should involve no more than 4 - 6 people. Before you send out your next invite list ask: Who on this list will add (or receive) the most value? Is there anyone who doesn't need to be there?
Hidden games are played in sandboxes that people don’t even realize exist. Hidden games have a higher return, but they are more long-term and abstract. For example, a hidden game is starting a business in an unsexy industry (i.e., building tunnels with Elon Musk).
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