Mental Models

Kickstart Big Initiatives: Hackathons Aren’t Just for Tech Companies

April 22, 2024 By Nagesh Belludi Leave a Comment

Kickstart Big Initiatives: Hackathons Aren't Just for Tech Companies In the late 1990s, hackathons emerged as compressed events on university campuses. Open-source software teams organized these gatherings to bring together enthusiasts and drive progress forward over a few days. Yahoo! introduced its inaugural “Hack Day” in December 2005.

In its early days, Facebook popularized the concept by hosting daylong hackathon events every four to eight weeks. At each event, around 300 employees gathered in the morning to brainstorm and form teams. By the day’s end, these teams churned out 50 “first-stage-done” prototypes, ranging from backend engineering upgrades to small product features that could be easily implemented. Notably, Facebook’s iconic ‘Like’ button originated from one of these hackathons.

Internal Hackathons Unleash the Innovation Mode

Hackathons offer clear advantages over traditional innovation management processes, bringing a sense of urgency and focus that stems from working under strict deadlines. This intensity ensures that motivated individuals come together to refine their ideas into actionable plans.

Sometimes referred to as “FedEx Days,” a term popularized by the Australian enterprise software company Atlassian, hackathons encourage creativity by allowing employees to team up quarterly and work on ideas outside their regular duties, such as fixing bugs or developing new features. Teams are expected to deliver proof-of-concept prototypes overnight, hence the reference to the quick delivery service FedEx.

Hackathons have become mainstream, with organizations using them as an enjoyable and cost-effective way to drive innovation. For instance, in 2011, New York hosted a “Reinvent NYC.gov” hackathon to redesign the city’s official website. Similarly, in 2014, toy company Hasbro held a with 150 designers, generating 45 new ideas in just a few days. More impressively, in 2018, the Vatican organized a three-day hackathon to address global issues such as social inclusion, refugees, and interfaith understanding.

Why You Should Give Hackathons a Try (& Advance Your Side Projects)

Try a Personal Hackathon---Conquer 'Someday' Projects Now Could your organization, community, or home use an internal hackathon? It’s an excellent way to shake things up, break routines, and foster innovation. A hackathon can also tackle those lingering “someday we’ll get to this” projects—like spring-cleaning, organizing, refining processes, and enhancing best practices.

During a hackathon, you can pursue initiatives that fall outside anyone’s core responsibilities and often get overlooked amid the chaos of schedules and deadlines. In the week leading up to the event, gather for a whiteboard session to brainstorm and refine ideas that might not have surfaced otherwise. A hackathon provides a fun opportunity to recognize talent, promote cross-team collaboration, and accomplish tasks quickly.

Similarly, could you benefit from a personal hackathon? Consider dedicating a full day or even just an afternoon to clear backlogs, reorganize your space, kickstart a passion project, or tackle something you’ve been putting off.

Empower Your Problem-Solving with the Initial Hypothesis Method

April 8, 2024 By Nagesh Belludi Leave a Comment

McKinsey, the renowned management consultancy firm, is celebrated for its rigorous problem-solving methodology, famously known as the ‘McKinsey Way.’ This structured approach is centered on the concept of the Initial Hypothesis. When confronted with complex business challenges, McKinsey consultants embark on a process that begins with formulating an educated guess about the underlying issues or opportunities. This initial hypothesis isn’t mere speculation; it’s firmly rooted in preliminary research, data analysis, and market trends.

McKinsey’s Hypothesis-Driven Approach to Problem Solving

Leveraging their deep industry expertise, McKinsey consultants draw upon their knowledge of similar situations to craft this initial hypothesis. It serves as the foundation for further investigation, offering a structured framework for problem-solving and acting as a testable proposition. As consultants delve deeper into the problem, they continuously assess and refine their hypothesis based on emerging insights and evidence.

Through this iterative process, McKinsey teams unearth hidden patterns, pinpoint root causes, and develop more robust recommendations for their clients. By grounding decision-making in sound reasoning and data-driven insights, McKinsey ensures that their solutions are not only effective but also thoroughly vetted and validated.

Get Grounded in Evidence, Navigate Problems with Structure

The McKinsey Initial Hypothesis method emphasizes clarity, evidence, collaboration, flexibility, and continuous improvement in problem-solving endeavors—starting with an initial hypothesis can significantly benefit your approach to complex problems, catalyzing data collection and detailed examination. By rigorously validating or invalidating your initial hypothesis and adjusting it accordingly, you’ll gain a deeper understanding of the problem, along with a clearer grasp of associated risks and opportunities.

Be aware of the limitations of the initial hypothesis approach, though. It may be influenced by preconceived notions or existing solutions, limiting creativity and exploration. In such cases, adopt a more exploratory approach to fully uncover and address the complexities of the problem at hand, especially when innovative solutions and fresh perspectives are required.

Master the Middle: Where Success Sets Sail

April 4, 2024 By Nagesh Belludi Leave a Comment

Master the Middle: Where Success Sets Sail The “long-term” horizon is typically characterized by vagueness, uncertainty, and encompassing a broad scope. Crafting precise plans or actions tailored to this distant future becomes challenging without specific timeframes in sight. Consequently, solely prioritizing the long term can lead to decision-making processes that lack clarity and direction.

On the other hand, the “short-term” horizon often prompts a reactive stance, where immediate needs, opportunities, or challenges take precedence without thorough consideration of long-term consequences. Prioritizing instant solutions or immediate gains may sacrifice overarching strategic objectives.

Achieving effective execution hinges on striking a balance between short-term responsiveness and long-term planning. This is where the “middle-term” horizon plays a crucial role.

Idea for Impact: Those who achieve greatness excel at navigating the middle-term horizon, leveraging it as a strategic stepping-stone toward long-term objectives while remaining adaptable to short-term challenges and opportunities.

What Isn’t Matters Too

March 27, 2024 By Nagesh Belludi Leave a Comment

What Isn't Matters Too Science is a fair and square game, distinguished by its unique approach, which prompts practitioners to delineate both the known and unknown boundaries.

Scientists are encouraged to publish failed experiments as a practice that promotes transparency, prevents the repetition of unsuccessful work, and upholds the integrity of the scientific process. This approach allows for learning from mistakes, mitigates biases, and contributes to a more complete and accurate body of scientific know-how.

In the wider scope of philosophical exploration, problem-solving, and decision-making, whether in personal or professional arenas, it’s equally essential to take into account the notion of “what isn’t.” Realizing we don’t have all the answers, finding those missing pieces, and sparking new ideas—that’s diving deep into the heart of it all.

Embracing the unknown not only enhances critical thinking by avoiding assumptions but also encourages collaboration and the development of new perspectives. It promotes a nuanced and open-minded stance towards life, contributing to continuous personal and collective growth.

Idea for Impact: “What Isn’t” is just as important as “What Is.”

How Toyota Thrives on Imperfection

March 25, 2024 By Nagesh Belludi Leave a Comment

Toyota's Reflection Ritual: Perfecting Success with 'Hansei' The Japanese seamlessly blend their way of life with business, offering valuable lessons for the rest of us. Central to their culture is “Hansei“—deep self-reflection to acknowledge mistakes and plan prevention strategies. Hansei is practiced ad infinitum and consistently. It’s vital for personal and professional growth, both individually and collectively.

Toyota exemplifies this approach. Even after success, every team holds reflective “Hansei-Kai” meetings, akin to After Action Reviews (AARs.) The notion of everything being flawless is actively discouraged; instead, the culture stresses that “no problem is a problem.” If the team fails to identify any issues, it suggests they didn’t exert enough effort to meet expectations (highlighting areas for improvement,) lacked critical or objective analysis, or perhaps needs to cultivate more humility.

Innovation Without Borders: Shatter the ‘Not Invented Here’ Mindset

March 11, 2024 By Nagesh Belludi Leave a Comment

Jack Welch's Solution to Innovation: Breaking Down 'Not Invented Here' Barriers at GE

Jack Welch’s leadership during his tenure at General Electric (GE) has faced fair criticism, particularly for his overemphasis on financial engineering and short-term shareholder value over long-term investments in research and development. This scrutiny has intensified in recent years, especially following the challenges seen in other companies like Boeing, evidenced by the issues with its 737 MAX product line. However, amidst these concerns, some aspects of Welch’s management playbook remain worthy of emulation by other managers.

From Closed Doors to Open Minds: Jack Welch’s Approach to ‘Not Invented Here’ at GE

Upon assuming the role of CEO in 1981, Jack Welch wasted no time in addressing deep-rooted cultural issues within GE. Drawing from his intimate understanding of GE’s internal dynamics and bureaucratic hurdles, Welch was determined to transform the company into an environment where meritocracy and innovation thrived, regardless of the source of ideas.

One significant obstacle was the pervasive “Not Invented Here” (NIH) syndrome, wherein GE teams believed that good ideas could come only from within. Across GE, managers disregarded external ideas, even from other divisions within the company, stifling innovation and teamwork.

To counteract this mindset, Welch advocated for a culture that welcomed external ideas. He formed teams tasked with studying successful strategies employed by companies like Ford, Dell, and HP, and sought input from leaders at other notable firms such as AlliedSignal and Cisco. One famous instance of this approach was Welch’s adoption of Six Sigma, a quality management technique developed by Motorola, which he seamlessly incorporated into GE’s practices.

Beyond Boundaries: Winning with External Ideas

Welch cultivated an environment at GE where employees were urged to observe and glean insights from competitors, fostering a culture of continual improvement and adaptability. He placed special importance on simplifying processes and making decisions swiftly.

Idea for Impact: Innovation isn’t about being a trendsetter just for the sake of it. Instead, embrace the idea of being a proud copycat! Swipe those great ideas from the top players in the game and don’t forget to give credit where it’s due. After all, success often comes from embracing the brilliance of others.

The Best Way To Change Is To Change Your Behavior First

December 14, 2023 By Nagesh Belludi Leave a Comment

How 'Faking It Till You Make It' Could Help You Change Visualize change as a triangular framework, with thoughts, emotions, and behaviors as its vertices. Manipulate one element, and the other two inevitably respond. When your thoughts evolve, your emotions and actions undergo transformation; altering your emotions can reshape your thoughts and behaviors, and changes in behavior can impact your thoughts and emotions.

This symbolic triangle acts as a guide for fostering meaningful change. It provides the flexibility to choose the route that best aligns with your individuality and circumstances. Start somewhere.

Idea for Impact: If you find yourself at a crossroads, acknowledging the necessity for change but waiting for the mental and emotional shifts to emerge, take a gentle step in the right direction. Embrace the timeless wisdom of “acting as if” or “faking it until you make it.” By altering your actions, you’ll soon notice your thoughts and emotions falling in line, per the Self-Perception Theory. Commitment becomes a potent catalyst for transformation—remember that your self-concept isn’t solely shaped by existing beliefs and emotions but can also be molded by your behavior.

When Bean Counters Turn Risk Managers: Lessons from the Ford Pinto Scandal

December 4, 2023 By Nagesh Belludi 1 Comment

When Bean Counters Turn Risk Managers: Lessons from the Ford Pinto Scandal During the 1970s, the Ford Pinto scandal became a notorious and impactful episode within the automotive industry. This scandal revolved around significant safety concerns and ethical dilemmas associated with the Ford Pinto, a subcompact car. At the center of this controversy was the Pinto’s design flaw, which rendered it susceptible to fuel tank fires in the event of rear-end collisions.

The Pinto’s fuel tank was located in a highly vulnerable spot just behind the rear axle. This design flaw meant that, in the unfortunate event of a rear-end collision, the fuel tank could rupture, resulting in fuel leakage and, tragically, sometimes even fatal fires. Concerns regarding the safety of the Pinto were raised both internally within Ford and externally by safety advocates and engineers.

After at least fifty-nine lives had been lost, the scandal escalated dramatically when it came to light that Ford had conducted an internal cost-benefit analysis, which demonstrated that rectifying the design flaw and enhancing the Pinto’s safety would be more expensive than potentially settling legal claims for injuries and fatalities stemming from accidents. Ford had, with unwavering determination and, at times, dubious tactics, lobbied against a crucial safety standard that would have compelled them to address the risk and redesign the Pinto’s fire-prone gas tank.

This episode served as a stark lesson for the nation in the principles of cost-benefit analysis. The cost of implementing rubber liners to fix the problem was estimated at $137 million, while a meticulous calculation of the all costs associated with those who suffered and perished only amounted to $49.5 million.

Overall, society has made significant progress since the Ford Pinto scandal. Across various industries, from construction to healthcare, aviation to retail, automotive to hospitality, the principle of “safety first” is not merely a hollow industry slogan. Projects and endeavors now prioritize the well-being and protection of individuals, employees, and the general public.

While some may resent our increasingly litigious society and the abundance of frivolous lawsuits that burden the legal system and public resources, it is important to acknowledge that this litigious nature has played a crucial role in holding companies and regulators accountable.

Balancing Acts: Navigating ‘Good’ Addictions

November 24, 2023 By Nagesh Belludi 1 Comment

Too much of a good thing, we must beware The term “positive addiction” has garnered both praise and criticism. Immersing yourself in creative pursuits such as cooking, sports, music, meditation, dancing, reading, praying, career advancement, or self-improvement can be exceptionally fulfilling without the looming specter of harm.

American psychiatrist William Glasser’s Positive Addictions (1976) laid out six criteria for an activity to be classified as a positive addiction: it should avoid intense competition, require roughly an hour of daily commitment, be done easily without undue mental strain, often be a solitary endeavor, be seen as valuable in physical, mental, or spiritual aspects, offer the potential for personal growth, and not burden you with self-criticism. These positive pursuits only become problematic when they start causing harm to you or your loved ones.

Any form of ‘addiction,’ even when it carries the “good” label, can pose a challenging path to navigate. The key lies in maintaining a well-balanced relationship with your passions. Meditation or contemplation can help you practice detachment from life’s hectic pace, distance yourself from your passion projects, and sustain a healthy equilibrium.

It’s valuable to occasionally hit the pause button and delve into the motivations behind your activities. Are you diving headlong into these pursuits as a means to escape personal issues and evade responsibilities? If you notice your engagement is sliding towards excessive dependence, it’s a warning sign—there’s a risk that they may end up causing harm, not only to you but also to those you cherish.

Idea for Impact: In moderation, take your pleasure, for balance is the key to a life well-lived.

Steering the Course: Leadership’s Flight with the Instrument Scan Mental Model

November 6, 2023 By Nagesh Belludi Leave a Comment

Instrument Scan Mental Model: Leaders Must Employ Their Instruments for Guided Insight Embarking on flight training comes with a nifty habit that instructors eagerly instill from the get-go: the art of instrument scanning.

Whispers from your instructor echo in your mind, urging you with the mantra, “Scan, scan, scan!”

Keep a Good Scan of Your Instruments, Never Be Stumped

A vital cautionary command follows closely, “Don’t stare!” You learn to effortlessly let your gaze flit from one instrument to another. The altitude indicator, heading indicator, airspeed indicator, and vertical speed indicator each hold a crucial piece of the intricate airborne puzzle.

There’s a natural instinct to fixate on a single instrument, yet doing so can lead pilots astray. Gazing at the altimeter may cause heading drift, while focusing solely on heading may compromise airspeed control.

Pilots are trained to maintain a cohesive scan of all instruments, constantly cross-checking the streams of data. By doing so, they can swiftly identify any inconsistencies, such as an altitude indicating descent while the altimeter shows level flight.

With instrument scanning, pilots can promptly isolate the problematic instrument or data stream, and if necessary devise alternative plans to obtain the necessary information and ensure the aircraft’s safe and steady flight.

Just as Pilots Use Instruments in the Air, Leaders Scan Their Realm

The concept of an instrument scan mindset serves as a potent analogy for effectively managing critical information within the realm of business. Much like pilots, leaders must engage in ongoing monitoring, analysis, and cross-referencing of pertinent data. To achieve success, it’s imperative to proactively pay attention to emerging trends, maintain a steadfast focus on the larger picture, and cultivate a curious mindset.

It is of utmost importance to avoid fixating on a single metric to the detriment of considering other vital factors that could impact the business. Leaders should routinely revisit their goals, objectives, and key performance indicators (KPIs,) and conduct a thorough analysis of data to discern trends, patterns, and areas of concern, all while embracing a proactive and inquisitive approach. They should be unafraid to pose challenging questions, challenge assumptions, and maintain a comprehensive situational awareness.

Sadly, in the world of business, this mindset is frequently overlooked. Reports are often generated, and actions taken without the rigorous cross-checking or sense-checking of the underlying data. Stakeholders become overly fixated on a single “instrument,” and in doing so, they fail to maintain a broader scan of the business landscape.

It is crucial to refrain from accepting data at face value, as maintaining a vigilant scan and a more extensive situational awareness is of paramount importance. Embrace the wisdom of instrument scanning to chart a course toward success, steering clear of perilous assumptions and acquiring a comprehensive understanding of your business’s performance.

Leaders Must Employ Their ‘Instruments’ for Guided Insight

Within the symbolic framework of leadership, as in flying an aircraft, the concept of instrument scanning encompasses the continual practice of gathering and interpreting information. This process is vital for making well-informed decisions, safeguarding the welfare of the organization or team, and steering a precise path toward the envisioned goals.

Much like how pilots depend on their instruments to navigate their flights safely and on the correct course, effective leadership through instrument scanning is essential. It serves as the linchpin for steering an organization or team toward triumph and preserving their vitality and stability.

« Previous Page

Mental Models

Internal Hackathons Unleash the Innovation Mode

Why You Should Give Hackathons a Try (& Advance Your Side Projects)

Wondering what to read next?

McKinsey’s Hypothesis-Driven Approach to Problem Solving

Get Grounded in Evidence, Navigate Problems with Structure

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

From Closed Doors to Open Minds: Jack Welch’s Approach to ‘Not Invented Here’ at GE

Beyond Boundaries: Winning with External Ideas

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Keep a Good Scan of Your Instruments, Never Be Stumped

Just as Pilots Use Instruments in the Air, Leaders Scan Their Realm

Leaders Must Employ Their ‘Instruments’ for Guided Insight

Wondering what to read next?