"Israni decided to launch her own startup in June 2008 when she came up with her first invention, an automatic "Rotimatic" set to be the rice cooker for the roti-eating population. The appliance, about the size of a mini-microwave oven, does the measuring, mixing, kneading, making, and baking of rotis, with users only required to refill the wheat and water compartments after a few days. Zimplistic recently won the prestigious StartUp@Singapore 2009 grand champion trophy, which comes with $28,000 in prize money and one free year of office space. Prior to this, Israni's Zimplistic was awarded the YES! Spring Singapore grant for young entrepreneurs valued at $35,000. Israni amis to partner or license with a consumer appliance brand to bring Rotimatic to market in 2010."
Monday, September 28, 2009
Zimplistic Roti Maker
Saturday, September 19, 2009
Power of Perceptual contrast
Scenario 1: Imagine your boss requests that you work over the weekend to help meet a deadline that's important to him. It means you'll need to be at the office 9 - 5 both days to achieve the objective. Trouble is, you promised your friends that you'd spend time with them this weekend. How do you notice yourself responding on the inside? Now she tells you that a possible alternative is to work through two lunch hours this week to accomplish the same thing. Again, on the inside, how do you notice yourself reacting to the second choice?
Scenario 2: Imagine you've some guests coming to a party at your house and you want to ensure the house is spotless. You ask your reluctant (kids/friends/partner) to help out with some chores: either they can scrub and clean both toilets for five minutes, or they can vacuum for five minutes. Which are they more likely to go for?
Most people when asked the same question choose 'working through two lunch hours' and 'vacuum for five minutes' as the preferred options.
What's at work here is the psychological phenomenon known as "Perceptual Contrast". If you were only asked to work through two lunch hours with no alternative option, how would your internal motivation be different to scenario 1? Notice that when a more scary, unpleasant or more costly option is presented to us first, we gravitate towards the second far more easily than if it had been the only option offered. It's almost a relief when that 'easier' option is offered. And consequently our motivation to take it is far higher than if it had been the only choice.
You only have to look at prices in gourmet coffee to see different versions of perceptual contrast at work. Have you noticed how the price differential between large, medium and small is so negligible that most people go for large without questioning why the small size is so damned expensive. In contrast, it seems like a better deal at $2.40 for a cup of coffee. In effect, we're being encouraged to have a different kind of internal conversation. Rather than "do I buy it or not?" the internal conversation becomes "which one should I buy?". It's a subtle approach: moving the conversation from a selling frame to a negotiation frame.
The original author is Haider Imam of the Kaizen Team. Due credit to him.This article was posted as a part of the Leading minds tip.
How to use it: To make something look good, first show something of inferior quality. To get someone to buy something expensive, first show them something even more expensive.
A car salesman might show us a unit that is overpriced and in poor condition before showing us the one they really want us to buy. By contrast, the second one looks like a great deal and we want it more.
I notice the strategy I generally use when I’m asking for something I want is to pare down the request to something that seems reasonable - something I think I can get a “yes” for. Apparently that instinct may be incorrect. If instead I were to ask for something huge first, I would activate the weapon of “perceptual contrast”. If I were to then ask for what I really wanted it would seem small, reasonable, and trivially easy by comparison.
A corollary principle is that once you have already agreed to something large, additional items that are added seem smaller by comparison. Sales professionals use this technique to sell you options and accessories to large ticket items you have already purchased. Once you buy an expensive camera, the costs of all the accessories like a tripod, bag, filters, etc appear trivial.
Tuesday, September 15, 2009
Leaders lead in humility
Bill Waddell has written a beautiful piece on the nonsensical extravagant behaviors of executives here. It deals with the recent fact that the government has seen the need to put limits on travel expenses for executives from companies receiving bailout money.
The following lines really hit the core.
“A guy who wears an expensive suit to work, has a company paid Persian rug in his office, and a company paid Lexus parked in the spot closest to the door cannot lead a lean transformation. In fact, that guy cannot lead anything. None of that nonsense enables him to do a better job - it just makes him look good in his own insecure eyes. Everything about him screams to the employees "I am better than you". And that is a failure of leadership in its most fundamental form.”
It is in sync with the saying that the leader should lead in humility.
Dad used to point out people like that. “Look at that man eating his breakfast on the road. He is the owner of that company but still walks up to the tiffin stall to have his breakfast.” The simplicity just awed me.
But can I replicate it, I hope to….
Friday, September 11, 2009
William Wirt
"Seize the moment of excited curiosity on any subject to solve your doubts; for if you let it pass, the desire may never return, and you may remain in ignorance."