Monday, January 3, 2011
Creative Wall Hook Designs
Friday, August 13, 2010
How important are constraints to a problem?
After all, the more solutions we have to any particular problem, the more likely we are to solve it right? In actual practice when we are properly constrained we are more likely to spend our time and resources more effectively in solving problems. An infinite number of solutions includes the bad ones, the ones that take spend our resources too freely, the ones that don't consider risks and unintended consequences, and the ones that address symptoms but do not address the root causes.
It seems like open minded thinking, but what actually happens is inspite of having a near feasible solution, we tend to come up radical alternatives and explore them. This wastes time, resources and energy.
Sunday, June 27, 2010
Role of the Boss
Tuesday, June 15, 2010
Your birth order and number of siblings, is more important than you thought.
According to research, your birth order plays a very significant part of your personality.
Saturday, April 17, 2010
Spell the Benefit of the Benefit.
Thursday, April 8, 2010
Who counts..?
- “It is not the critic, who counts, nor the man who points out how the strong
man stumbles
or where the doer of deeds could have done better.
The credit belongs to the man, who is actually in the arena;
whose face is marred by dust and sweat and blood;
who knows great enthusiasm, great devotion and the triumph of achievement.”
- Theodore Roosevelt.
Nuru Light
If you haven't heard of Nuru Light, this is one of the path breaking ideas to fill light and increase productivity in rural areas.
More details about the project are shared in this interview.
http://blog.ennovent.com/2010/03/led-there-be-light-nuru-light/
Saturday, April 3, 2010
Voice and Choice
Voice and Choice inspire people.
Once your employees are given a choice and an opportunity for their voice to be heard, they will be inspired to make their choices successful.
Friday, April 2, 2010
The presentation secrets of Steve Jobs
As I was browsing over MBA blogs, found this presentation on " The presentation secrets of Steve Jobs".
- "The single most important thing you can do to dramatically improve your presentations is to have a story to tell, before you work on your PowerPoint file."
- "Simplicity is the ultimate sophistication"
- "Your brain interprets every letter as a picture. So a wordy slide literally chokes your brain.
- "People will forget what you said, people will forget what you did, but people will never forget how you made them feel."
Tuesday, February 16, 2010
Number of millionaires in India far more than 81,000
An excerpt from the BUSINESS INDIA magazine, Feb edition.
Sunday, November 29, 2009
Touch your customers with small but humane gestures
Lesson: When every retail outlet has same products, focus on auxiliary services that could attract divided customers.
Thursday, October 8, 2009
Who shouldn't become the CEO
Freek Vermeulen, Economics Professor at the London School of Business has brought out an interesting piece of research on what kind of people ultimately become the CEOs. But the CEOs I am most impressed with are the most humble ones and open to ideas purely on merit. They do not behave like the only pillar which is supporting the organization, but understand that they are just one of the pillars on which the organization bases itself upon and that all the other pillars are equally important for the well being of the company. They are hell bent in making the whole team feel good about itself, so that they perform their best. (More like the One Minute Manager)
“An interesting line of research in social anthropology analyzed what type of person is more likely to rise through the ranks to become the headman of a tribe. Often, this would be the most fierce, ambitious and aggressive warrior, who would be willing to take on all his opponents in the quest for leadership. Yet, interestingly, although characteristics such as fierceness and ambition would be helpful in becoming tribe leader, these characteristics were not necessarily positive for the future of the settlement, since these type of leaders were prone to take the tribe to war. This would ultimately take its toll on the size, strength and survival chances of the tribe. Thus, the same characteristics that would make people more likely to become the headman were likely to get the tribe in to trouble.
CEOs might not be all that different. Those people who are ambitious, risk-seeking and aggressive enough to be able to rise to the ultimate spot of CEO, just might be the same people who, once they’re there, take their firm on a conquest.”
Monday, September 28, 2009
Zimplistic Roti Maker
"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."
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.