Imagine you’re 80 years old, looking back on your life. What decisions would you regret not making? What opportunities would you wish you had seized? This simple yet powerful mental exercise is at the heart of the Regret Minimization Framework, a decision-making tool famously used by Amazon founder Jeff Bezos. In his book The Everything […]
Words Into Works #120 | The Spotlight Effect
Have you ever left your house with a small stain on your shirt and felt like everyone was staring at it? Or made a minor mistake during a presentation and believed the entire audience noticed? If so, you’ve experienced the Spotlight Effect. The Spotlight Effect is a cognitive bias that causes us to overestimate how […]
Words Into Works #119 | Second-Order Thinking
Have you ever made a decision that seemed perfect at first, only to find it backfiring spectacularly later? We’ve all been there. This is where second-order thinking comes in. It’s a powerful mental model that encourages us to look beyond the immediate consequences of our actions and decisions. Instead of just asking, “What will happen […]
Words Into Works #118 | The Blue Ocean Strategy
The Blue Ocean Strategy is about breaking out of the cutthroat competition by creating new market spaces, or “blue oceans,” ripe for growth. W. Chan Kim and Renée Mauborgne argue that companies should seek untapped markets where they can innovate without the threat of rivals instead of battling over a shrinking profit pool in crowded […]
Words Into Works #117 | The Two Pizza Rule
The Two Pizza Rule, popularized by Amazon’s founder Jeff Bezos, is a simple yet powerful concept that enhances team productivity and efficiency. The rule suggests that no team should be so large that it cannot be fed two pizzas. This concept, explored in depth in Brad Stone’s The Everything Store, chronicles Amazon’s rise and the […]
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