By | Dr Pavan Soni | IIM-B Innovation Evangelist
Hope this mail finds you well.
This edition of Inflexion Point includes a simple model of entrepreneurial risk taking, lessons on innovation from F1 teams, how to design your home office for maximum creativity, spurious link between addiction and creativity, and how scientists are attempting to make you young again. Hope you fine these inputs useful and you get to share it with others.
Entrepreneurship is essentially about enterprising, which is risk taking. However, not all risks are similar. There are ones that must be taken and those are punctuated with really costly ones. And hence, it has more to do with disciplined risk taking than a mere ‘just do it’ attitude. Can we reduce the choice set to a parsimonious model based on the upside and the downside associated with risk taking? Here’s a simple model of how to go about deciding when to plunge and when to let go. (Source: Entrepreneur Magazine)
Both businesses and F1 value speed, agility, precision, and teamwork. A deep-dive study of 49 teams over the course of 30 years of Formula One racing revealed something very counterintuitive. The teams who made the most radical changes–disrupting previous norms for race cars–weren’t usually the most successful on the course. On the contrary, incremental innovation worked best for Formula One teams, as they let new strategies emerge by observing what existed and then adapting. Being a first mover in a highly uncertain environment seldom pays. (Source: Fast Company)
Since a lot of us continue to work from home, or spend a lot of time doing non-urgent work at home, it’s important to know how to design your home office for maximum creative outcome. Your immediate environment significantly impacts the number of neural connections you make and how high-quality those connections are. Firstly, give attention to open space, especially high ceilings, which, research suggests, may prime thoughts related to freedom, essential for free-flowing connections of ideas. Secondly, incorporate color, knowing that often color red can hinder creativity while blue hues can encourage people to explore more. Thirdly, have a meditation corner, to rejuvenate your attention and stamina. Finally, have plants by your side, right at your work table. (Source: Inc)
Today’s leading neuroscientist David Linden of Johns Hopkins University School of Medicine opines that while addiction is not directly related to creativity, but it is related to the conditions necessary for creativity. The blunted dopamine hypothesis suggests that you don’t become addicted because you feel pleasure strongly. On the contrary, addicts seem to want it more but like it less. Addiction triggers a low dopamine function resulting in risk-taking, novelty-seeking and compulsive behavior. Since 40% of addition is determined by genetics, you can still simulate such attributes for your creative outcome without getting addicted. (Source: Scientific American)
Scientists at Altos Labs led by Richard Klausner have embarked on a journey of “rejuvenation programming.” With promising results shown in animals on the possibilities of reverse aging, there’s a view that this gene therapy could make cells act younger, healthier, and more resilient. And with that you might have a general-purpose means of forestalling many diseases all at once. Scientists claim that there is no reason we couldn’t live 200 years. But what will we do living for so long, if everyone around us gets to age? (Source: MIT Tech Review)