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Ideas for Impact

Innovation’s Valley of Death

December 20, 2022 By Nagesh Belludi Leave a Comment

The discovery and development of an invention are usually easier relative to the creativity and resources required to make it a commercial success. Indeed, many entrepreneurs and intrapreneurs struggle to commercialize their idea meaningfully—establish the idea’s marketability to prospective backers, engage potential customers, and price and promote their product or service for a favorable return on investment. Consider this case study of the Bombardier CSeries jets—fated for misfortune for many years only to morph into the successful Airbus A220 series:

As a country, we habitually underinvest in R&D. And, when domestic champions like Bombardier do emerge, they often prove unable to turn their great ideas into commercially successful, globally dominant businesses.

In a knowledge economy, a country’s future prosperity is increasingly tied to its ability to generate and capitalize on innovative new ideas.

“The paradox is that while there is innovation going on in Canada, we do not observe the same level of commercialization and ownership of those innovations [as in other countries]. In many cases, inventions developed in Canada are then commercialized by foreign companies that keep much of that benefit.”

Idea for Impact: Don’t let your idea fizzle because they can’t take your sizzle to market. Focus not just on overcoming internal barriers but also on how to commercialize your innovation. Hire outside capabilities if necessary.

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  3. HP’s “Next Bench” Innovation Mindset: Observe, Learn, Solve
  4. Your Product May Be Excellent, But Is There A Market For It?
  5. Evolution, Not Revolution

Filed Under: Mental Models, The Great Innovators Tagged With: Aviation, Creativity, Entrepreneurs, Innovation, Persuasion, Problem Solving

Is It Worth It to Quit Social Media?

December 19, 2022 By Nagesh Belludi Leave a Comment

Yet another study on the benefits of deactivating Facebook:

  • Quitting Facebook could free up 60 minutes per day.
  • “Deactivating Facebook caused small but significant improvements in subjective well-being, and in particular in self-reported happiness, life satisfaction, depression, and anxiety.”
  • “As the [time-away-from-Facebook] experiment ended, participants reported planning to use Facebook much less in the future.”
  • “Deactivation significantly reduced polarization of views on policy issues and a measure of exposure to polarizing news.”

I’ve written previously about the ills of social media: they’re time-sucks at work and home, they undermine flesh-and-blood social bonding, they influence your thinking through gate-keeping the newsfeeds you’re exposed to, and they unduly sway your buying decisions through advertisements. Mindlessly scrolling through the airbrushed pictures of others’ lives could remind you of the life you don’t have—potentially instigating feelings of inadequacy, anxiety, and self-loathing.

Social media have become a necessity that people have become reluctant to do without. Facebook’s spectacular growth is testimony to the fact that social media offer a core human need that was always wanted. For the moment, we’ll have to rely on individual choices to use social media sparingly and intelligently. Balance is everything—not all or none.

Wondering what to read next?

  1. Could Limiting Social Media Reduce Your Anxiety About Work?
  2. Group Polarization: Like-Mindedness is Dangerous, Especially with Social Media
  3. Buy Yourself Time
  4. Entitlement and Anger Go Together
  5. Surrounded by Yes

Filed Under: Managing People, Sharpening Your Skills Tagged With: Attitudes, Conversations, Networking, Persuasion, Social Dynamics, Social Media, Time Management, Worry

Inspirational Quotations #976

December 18, 2022 By Nagesh Belludi

Our hearts grow tender with childhood memories and love of kindred, and we are better throughout the year for having, in spirit, become a child again at Christmastime.
—Laura Ingalls Wilder (American Author of Children’s Novels)

That is the best—to laugh with someone because you think the same things are funny.
—Gloria Vanderbilt (American Artist, Socialite)

We must never confuse elegance with snobbery.
—Yves Saint Laurent (French Designer)

Strictly speaking, there is but one real evil: I mean acute pain. All other complaints are so considerably diminished by time that it is plain the grief is owing to our passion, since the sensation of it vanishes when that is over.
—Lady Mary Wortley Montagu (English Aristocrat, Poet)

God made death so we’d know when to stop.
—Steve Stiles (American Cartoonist)

You can’t get rid of poverty by giving people money.
—P. J. O’Rourke (American Journalist)

The moral principles and precepts contained in the Scripture ought to form the basis of all our civil constitutions and laws.
—Noah Webster (American Lexicographer)

If I could say it in words there would be no reason to paint.
—Edward Hopper (American Painter)

There is no greater calling than to serve your fellow men. There is no greater contribution than to help the weak. There is no greater satisfaction than to have done it well.
—Walter Reuther (American Labor Leader)

Acting is the least mysterious of all crafts. Whenever we want something from somebody or when we want to hide something or pretend, we’re acting. Most people do it all day long.
—Marlon Brando (American Actor)

Women do not find it difficult nowadays to behave like men, but they often find it extremely difficult to behave like gentlemen.
—Compton Mackenzie (English Writer)

Social problems can no longer be solved by class warfare any more than international problems can be solved by wars between nations. Warfare is negative and will sooner or later lead to destruction, while good will and cooperation are positive and supply the only safe basis for building a better future.
—Fridtjof Nansen (Norwegian Arctic Explorer)

Filed Under: Inspirational Quotations

Goal-Setting for Managers: Set Tough but Achievable Challenges

December 15, 2022 By Nagesh Belludi Leave a Comment

Finding the middle ground between setting the bar too low and too high can challenge managers.

Sure, aggressive goals can spark great accomplishments, but they also can induce employees to bend or break the rules in pursuit of those goals, as the Wells Fargo and Volkswagen scandals illustrate.

When employees get comfortable with their usual tasks, it’s time to push them outside their comfort zones. New responsibilities can propel employees to take on new challenges and learn new things.

However, before giving employees new tasks, take away some of the older responsibilities they’ve already mastered. Many people feel they have an unrealistic amount of work to do already. If you aren’t prudent enough to keep your employees’ workloads in check, giving “stretch” assignments can lead to burnout, not growth.

Idea for Impact: Goals that are too high or low can be demotivating. Set goals that are challenging and inspiring but with extra effort, realistically attainable.

Wondering what to read next?

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  2. To Inspire, Pay Attention to People: The Hawthorne Effect
  3. General Electric’s Jack Welch Identifies Four Types of Managers
  4. Eight Ways to Keep Your Star Employees Around
  5. Seven Real Reasons Employees Disengage and Leave

Filed Under: Leading Teams, Managing People Tagged With: Coaching, Employee Development, Goals, Motivation, Performance Management

Be Smart by Not Being Stupid

December 12, 2022 By Nagesh Belludi Leave a Comment

No superhuman ability is usually required to dodge the many foolish choices to which we’re prone. A few basic rules are all that’s needed to shield you, if not from all errors, from silly errors.

Charlie Munger often emphasizes that minimizing mistakes may be one of the least appreciated tricks in successful investing. He has reputedly credited much of Berkshire Hathaway’s success to consistently avoiding stupidity. “It is remarkable how much long-term advantage we have gotten by trying to be consistently not stupid instead of trying to be very intelligent.” And, “I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick. It’s not brilliance. It’s just avoiding stupidity.” They’ve avoided investing in situations they don’t understand or summon experience.

As a policy, avoiding stupidity in investing shouldn’t mean avoiding risk wholly; instead, it’s taking on risk only when there’s a fair chance that you’ll be adequately rewarded for assuming that risk.

Idea for Impact: Tune out stupidity. Becoming successful in life isn’t always about what you do but what you don’t do. In other words, improving decision quality is often more about decreasing your chances of failure than increasing your chances of success.

Wondering what to read next?

  1. Accidents Can Happen When You Least Expect Them: The Overconfidence Effect
  2. Making Tough Decisions with Scant Data
  3. The Data Never “Says”
  4. Defect Seeding: Strengthen Systems, Boost Confidence
  5. What if Something Can’t Be Measured

Filed Under: MBA in a Nutshell, Mental Models, Sharpening Your Skills Tagged With: Biases, Critical Thinking, Decision-Making, Problem Solving, Risk, Thinking Tools, Thought Process, Wisdom

Inspirational Quotations #975

December 11, 2022 By Nagesh Belludi

The search is what anyone would undertake if he were not sunk in the everydayness of his own life. To become aware of the possibility of the search is to be onto something. Not to be onto something is to be in despair.
—Walker Percy (American Novelist)

All great ones have undergone suffering. None can escape what is ordained.
—Yogaswami of Jaffna (Sri Lankan Hindu Religious Leader)

All great work is preparing yourself for the accident to happen.
—Sidney Lumet (American Filmmaker)

Keep the other person’s well-being in mind when you feel an attack of soul-purging truth coming on.
—Betty White (American Comedian)

People start parades—politicians just get out in front and act like they’re leading.
—Buck Rinehart (American Politician)

One had better die fighting against injustice than die like a dog or a rat in a trap.
—Ida B. Wells (American Journalist, Activist)

In spite of all the refinements of civilization that conspired to make art – the dizzying perfection of the string quartet or the sprawling grandeur of Fragonard
—Anne Rice (American Author)

All genuine progress results from finding new facts. No law can be passed to make an acre yield three hundred bushels. God has already established the laws. It is four us to discover them, and to learn the facts by which we can obey them.
—Wheeler McMillen (American Farmer, Journalist)

Oh, the secret life of man and woman—dreaming how much better we would be than we are if we were somebody else or even ourselves, and feeling that our estate has been unexploited to its fullest.
—Zelda Fitzgerald (American Writer, Artist)

All of us who served in one war or another know very well that all wars are the glory and the agony of the young.
—Gerald Ford (American Head of State)

Frugality is one of the most beautiful and joyful words in the English language, and yet one that we are culturally cut off from understanding and enjoying. The consumption society has made us feel that happiness lies in having things, and has failed to teach us the happiness of not having things.
—Elise M. Boulding (American Peace Scholar)

Filed Under: Inspirational Quotations

The Creativity of the Unfinished

December 8, 2022 By Nagesh Belludi Leave a Comment

Don’t dot every I and cross every T. Leave a stone unturned.

Ignore a rule. Don’t tie up every loose end.

Leave some questions unanswered. Let something be out of place.

Violate the expectation and usher a realm of potentiality. As the American artist Julia Cameron noted in her seminal self-help book The Artist’s Way: A Spiritual Path to Higher Creativity (1992,) “Art needs time to incubate, to sprawl a little, to be ungainly and misshapen and finally emerge as itself. The ego hates this fact. The ego wants instant gratification and the addictive hit of an acknowledged win.”

A piece of art, a movie, a melodic line, or a production all tend to be more captivating when they leave you wondering—when they urge you to explore the possibilities your mind has to offer.

Wondering what to read next?

  1. Overcoming Personal Constraints is a Key to Success
  2. You Can’t Develop Solutions Unless You Realize You Got Problems: Problem Finding is an Undervalued Skill
  3. Finding Potential Problems & Risk Analysis: A Case Study on ‘The Three Faces of Eve’
  4. Van Gogh Didn’t Just Copy—He Reinvented
  5. Turning a Minus Into a Plus … Constraints are Catalysts for Innovation

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Artists, Clutter, Creativity, Critical Thinking, Innovation, Mental Models, Thought Process

Inspirational Quotations #974

December 4, 2022 By Nagesh Belludi

If you treat every situation as a life and death matter, you’ll die a lot of times.
—Dean Smith (American Basketball Coach)

The danger of censorship in cultural media increases in proportion to the degree to which one approaches the winning of a mass audience.
—James T. Farrell (American Novelist)

Fear is only an illusion. It is the illusion that creates the feeling of separateness—the false sense of isolation that exists only in your imagination.
—Jeraldine Saunders (American Writer, Television Personality)

God is a verb, not a noun.
—Buckminster Fuller (American Inventor, Philosopher)

Since each person, as an individual, is the not-being of the other, it is never possible to eliminate non-understanding completely.
—Friedrich Schleiermacher (German Theologian)

No longer can we be satisfied with a life where the heart has its reasons which reason cannot know. Our hearts must know the world of reason, and reason must be guided by an informed heart.
—Bruno Bettelheim (Austrian-born Psychoanalyst)

Sorrows cannot all be explained away in a life truly lived, grief and loss accumulate like possessions.
—Stefan Kanfer (American Journalist, Author)

What is, is; and what ain’t, ain’t
—Joseph Granville (American Investor)

Most true happiness comes from one’s inner life, from the disposition of the mind and soul. Admittedly, a good inner life is difficult to achieve, especially in these trying times. It takes reflection and contemplation and self-discipline.
—William L. Shirer (American Author)

If there is one thing which a comparative study of religions places in the clearest light, it is the inevitable decay to which every religion is exposed. It may seem almost like a truism, that no religion can continue to be what it was during the lifetime of its founder and its first apostles.
—Max Muller (German-British Orientalist)

I think there is a choice possible to us at any moment, as long as we live. But there is no sacrifice. There is a choice, and the rest falls away. Second choice does not exist. Beware of those who talk about sacrifice.
—Muriel Rukeyser (American Poet)

Filed Under: Inspirational Quotations

‘Tis the Most Wonderful Time of the Year … to Job-Search

December 1, 2022 By Nagesh Belludi Leave a Comment

The holidays are around the corner, and this is an excellent time to job-search, especially since most jobs come from networking and referrals.

As you spread the holiday cheer, use greetings as a pretext to catch up with friends, reach out to LinkedIn contacts, and network with people in your industry. Take the opportunity of Christmas and New Year parties to socialize with new people that can help you.

Some workplaces have use-it-or-lose-it money and headcount in the current year’s financial plan that they’d like to commit before year’s end. Other workplaces that have the upcoming year’s plans approved may be eager to jumpstart hiring.

The holiday spirit and the season of giving make hiring managers even more likely to treat you favorably. Moreover, with work winding down for the holiday season, decision-makers are less likely to be in long meetings and business trips, and, therefore, more likely to be at their desks to be contacted.

And you’ll face less competition since few people bother with job-searching at this time of the year.

Wondering what to read next?

  1. How to Improve Your Career Prospects During the COVID-19 Crisis
  2. Could Limiting Social Media Reduce Your Anxiety About Work?
  3. The Hidden Influence of Association
  4. How to … Know When it’s Time to Quit Your Job
  5. Being Underestimated Can Be a Great Thing

Filed Under: Career Development, Sharpening Your Skills Tagged With: Career Planning, Job Transitions, Networking, Relationships, Social Life

Are Layoffs Your Best Strategy Now?

November 28, 2022 By Nagesh Belludi Leave a Comment

We’re in a demand slump; if you think downsizing will cut costs and shore up the bottom line, consider the unexpected consequences of layoffs.

Hefty severance pay, outplacement services, and other direct costs can add up quickly, and indirect costs can be substantial. E.g., losing experienced employees can precipitate lasting damage to your business. The direct costs can wipe out any short-term financial benefit if new hard-to-find employees are to be hired and trained within six to twelve months when the downtrend stops.

Then there’s the trap of believing that things will get better soon and downsizing the smallest number of people in anticipation of a quick turnaround. And when that expected miracle doesn’t materialize, you’ll wind up making successive cuts. That’s awful for the morale of the employees spared. The best employees won’t feel indebted to soldier on and may start casting around for new offers, terrified that they will be among the next to be cut.

Idea for Impact: Layoffs may not be the best strategy for grappling with hard times. Examine not just the cost of labor but also the value created by labor. Consider the trade-offs and try furloughs, pay cuts, job sharing, and scaled-down hours instead, depending on when you foresee business rebounding. You’ll spread the pain of the downturn more broadly, keep talented employees, earn loyalty, and better position your company for recovery.

Wondering what to read next?

  1. Employee Surveys: Asking for Feedback is Not Enough
  2. Do We Have Too Many Middle Managers?
  3. These are the Two Best Employee Engagement Questions
  4. How to Promote Employees
  5. Lessons from Peter Drucker: Quit What You Suck At

Filed Under: Leadership, Leading Teams, Managing People Tagged With: Hiring & Firing, Human Resources, Leadership, Management, Performance Management, Strategy

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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Unless otherwise stated in the individual document, the works above are © Nagesh Belludi under a Creative Commons BY-NC-ND license. You may quote, copy and share them freely, as long as you link back to RightAttitudes.com, don't make money with them, and don't modify the content. Enjoy!