Summary
In this episode, Cowboy, Mark, and Barry Mapp discuss the concept of 'Biz Unlearned', focusing on critical thinking, the importance of understanding unknown unknowns, and the impact of fear on creativity and learning. They explore the necessity of doing nothing in certain situations, the role of education in shaping thought processes, and the need for disruptors in times of crisis, particularly during the pandemic.
The conversation also touches on the assumptions made during the pandemic and the varied responses fromdifferent countries. In this conversation, the speakers discuss the multi-faceted challenges faced by business owners, particularly in the context of the COVID-19 pandemic.
They explore the importance of rethinking assumptions, the role of outsourcing, and the benefits of mind mapping as a tool for organizing thoughts and strategies. The discussion also touches on historical lessons from quality management, particularly the influence of W. Edwards Deming, and emphasizes the need for collaboration over competition in business.
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Takeaways
• The important knowledge is what we don't know we don't know.
• The death of a project is often in the unknown unknowns.
• Doing nothing can be powerful in crisis situations.
• Education should drive out fear to enhance learning.
• Fear limits creativity and innovation in business.
• Disruption can lead to self-organization and emergence.
• Experts may be limited by their own expertise.
• Assumptions made during crises can lead to poor outcomes.
• The pandemic response varied greatly across countries.
• Understanding different perspectives is crucial in problem-solving.
• The data surrounding COVID-19 was inconsistent and often misleading.
• Fear can lead to poor decision-making in business.
• Many business owners struggle with execution despite having ideas.
• Rethinking assumptions is crucial for business success.
• Outsourcing can help overcome specific challenges in business.
• Mind mapping is an effective tool for organizing thoughts.
• Collaboration is more beneficial than competition in business.
• Historical lessons from Deming can inform modern practices.
• Business owners need to adopt a broader perspective on their challenges.
• Effective project management is essential for business survival.
Links
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https://projectvictories.com/project-management-training/
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