Stephen Shapiro: Changing the Rules of Innovation and Creativity...

Which will help your business be more successful: statistics or probability?
Underwriters at insurance companies use statistics to assess future risks. This is based on years of collected data.
Probability is what card counters in Vegas use to increase their odds of success. This is based on real-time, real-life experience.
If you want to play it safe, use […]

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Several recent blog entries have been about why people take risks to minimize losses, but will play it safe when it comes to increasing gains. I want to explore this concept a bit more, and I am hoping you will help.
I developed a very simple survey. It should take less than 5 minutes […]

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In the early 1900s, Robert Yerkes and J. D. Dodson developed the aptly named Yerkes-Dodson Law. The premise is that performance increases relative to motivation (they call it “arousal”) only to a point, after which performance drops. It is typically drawn as an inverted U-shaped curve.

You will notice that I superimposed three “goal” concepts on […]

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My friend Susanne and I were recently playing a trivia game. She’s pretty good with the trivia. However, at one point, she got a couple wrong answers in row. “Urgh,” she blurted out, “every time I have a gut answer and change it, it was actually correct.”
This made me curious. Malcolm Gladwell, in the book […]

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Last week I gave a presentation on “goal-free” Strategic Planning to a group of professional speakers, all of whom are sole practitioners. Over the course of 90 minutes, I discussed many concepts, including the one I write about here: Compass-Driven Strategic Planning.

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