how breakthrough ideas emerge from small discoveries
author is peter sims
wiseman found that lucky people tend to be open to opportunities or insights that come along spontaneously, whereas unlucky people tend to be creatures of routine, fixated on certain specific outcomes
praising ability alone reduces persistence, while praising effort or the processes a person goes through to learn leads to growth mind set behaviors.
those favoring a growth mind set believe that intelligence and abilities can be grown through effort, and tend to view failures or setbacks as opportunities for growth. they have a desire to constantly challenge and stretch themselves.
affordable loss principle: how much can you afford to lose?
seasoned entrepreneurs will tend to determine in advance what they are willing to lose, rather than calculating expected gains.
illusion of rationality:
ideas or assumptions seem logical in a plan, spreadsheet, power point or memo, yet they haven't been validated on the ground or in the real world
ned barnholdt: a lot of our most successful ideas came from the bottom up, by really understanding user needs
when much is known, procedural planning approaches work.
when much is unknown, they do not.
procedural planning is opposite of improvisation.
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