“HINT 3: ONLY WORK FOR AN 80/20 BOSS What is an 80/20 boss? Someone who consciously or unconsciously follows the principle. By their works you shall know them: They focus on very few things—the ones that make a BIG difference to their customers, and, if they still have them, their bosses (hopefully a temporary arrangement—the best 80/20 bosses are not themselves constrained by a boss). They are going places fast. They are rarely short of time, and never flustered. They are usually relaxed and happy, not workaholics. They look to their people for a few valuable outputs. They pay no attention to inputs such as time and sweat. They take the time to explain to you what they are doing, and why. They encourage you to focus on what delivers the greatest results with the least effort. They praise you when you deliver great results, but are constructively critical when you don’t—and suggest that you either stop doing something unimportant or do something important in a more effective way. When they trust you, they leave you alone and encourage you to come to them when you need guidance.”
― The 80/20 Principle: The Secret to Achieving More with Less
― The 80/20 Principle: The Secret to Achieving More with Less
“Marginal gains is not about making small changes and hoping they fly. Rather, it is about breaking down a big problem into small parts in order to rigorously establish what works and what doesn’t. Ultimately the approach emerges from a basic property of empirical evidence: to find out if something is working, you must isolate its effect. Controlled experimentation is inherently “marginal” in character.”
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
“It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways.”
― The 80/20 Principle: The Secret to Achieving More with Less
― The 80/20 Principle: The Secret to Achieving More with Less
“Proper investigation achieves two things: it reveals a crucial learning opportunity, which means that the systemic problem can be fixed, leading to meaningful evolution. But it has a cultural consequence too: professionals will feel empowered to be open about honest mistakes, along with other vital information, because they know that they will not be unfairly penalized—thus driving evolution still further. In short, we have to engage with the complexity of the world if we are to learn from it; we have to resist the hardwired tendency to blame instantly, and look deeper into the factors surrounding error if we are going to figure out what really happened and thus create a culture based upon openness and honesty rather than defensiveness and back-covering.”
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
“The marginal gains approach is not just about mechanistic iteration. You need judgment and creativity to determine how to find solutions to what the data is telling you, but those judgments, in turn, are tested as part of the next optimization loop. Creativity not guided by a feedback mechanism is little more than white noise. Success is a complex interplay between creativity and measurement, the two operating together, the two sides of the optimization loop.”
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
― Black Box Thinking: Why Some People Never Learn from Their Mistakes - But Some Do
Tim’s 2024 Year in Books
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