Little Bets: How Breakthrough Ideas Emerge from Small Discoveries
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The writers for the humor publication the Onion, known for its hilarious headlines, propose roughly six hundred possibilities for eighteen headlines each week, a 3 percent success rate.
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Define: Use insights gathered throughout the process to define specific problems and needs before solving them,
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Reorient: Be flexible in pursuit of larger goals and aspirations, making good use of small wins to make necessary pivots and chart the course to completion.
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Iterate: Repeat, refine, and test frequently armed with better insights, information, and assumptions as time goes on,
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The research on innovation identifies this as a common problem for managers as companies grow. Barnholt calls it the tyranny of large numbers, explaining that “there’s a natural tendency to think in terms of bigger bets as you get to be bigger.”
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A big vision provides the direction and inspiration through which to channel aspirations and ideas. But one of the most important lessons of the study of experimental innovators is that they are not rigid in pursuit of that vision, and that they persevere through failures, often many of them.
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By expecting to get things right at the start, we block ourselves psychologically and choke off a host of opportunities to learn. In placing so much emphasis on minimizing errors or the risk of any kind of failure, we shut off chances to identify the insights that drive creative progress. Becoming more comfortable with failure, and coming to view false starts and mistakes as opportunities opens us up creatively.