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An effectual approach:
The idea is quite simple – do not try to predict what cannot be predicted; instead, focus on what is within your control, take actions to make progress and course correct as the future unfolds.
The effectual approach can be summarized thus - control and shape the future, rather than predict and plan for it.
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Experiential learning:
Students come up with a venture idea and move it towards a potential business opportunity using the concepts and tools learned in the classroom.
It is through this lived experience that they come to recognize the utility of an entrepreneurial mindset.
It gives them the confide...
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Toolkit for rapid experimentation:
where the lean method and the associated set of tools - lean canvas, rapid experimentation with minimally viable products (MVP) and timely pivoting – come in handy.
...students to be systematic yet flexible, allowing them to learn from small experiments and make suitable adjustments...
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Being an INFJ... " Every soul has to taste death' one day, so be kind to everyone, even when he's your enemy "
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Expecting revenge effects
- We can expect revenge effects, even if they cannot be predicted.
- In chains of cause and effect within complex systems, the real benefits are not the ones we expected, and the real threats of not those we feared.
- We should be careful about ...
Strategies to improve the quality of your decisions
- Be wary of fear and spot it as soon as it begins to surface.
- Stay positive.
- Know what you know—and what you don’t.
- Embrace that which you can’t control.
- Focus only on what matters.
- Don’t seek perfection - it...
Overcoming the planning fallacy
Ignore what you want to be true. Instead, use past experience to build a schedule.
In an experiment, two groups of students had to complete a one-hour computer tutorial. The students had to predict when they would finish the assignment. One group of students were promp...
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