Tom SpencerInnovation involves breaking with the past to create something even more remarkable (Source: Flickr) THE traditional Experience Curve focuses on increasing production experience which leads to predictable cost reductions. This kind of experience is relevant in industries that are relatively stable, competitive, and production-intensive. (Source: Wikipedia) But what about high tech and creative industries where the lifecycle […]
THE wonderful thing about humans is our ability to move through time and space, without going anywhere at all. The ability to think about the past allows us to reflect on experiences, our own or those of others, and to learn from them. Your author used to wonder at length during his high school history classes about the […]
The night is darkest before the dawn. Keep moving. You’re closer than you think. “You will make mistakes. Are you going to be able to get up off the ground when you get smacked down, and keep driving. Persistence and resilience are very important, and there are going to be very difficult trade-offs to make, […]
The Experience Curve captures the relationship between increasing production experience and declining costs (Source: Flickr) Background The Learning Curve, the concept which predates the Experience Curve, was first described by German psychologist Hermann Ebbinghaus in 1885 as part of his studies into human memory. In 1936, T.P. Wright described the effect of learning on production […]
The mind is a muscle, and meditation is a form of stretching MOST PEOPLE wouldn’t find it strange if you told them to stretch their muscles before running a race. Stretching limbers up the muscles, increases performance, and reduces the risk of injury. And yet, and yet, every day people around the world turn up for work and run a mental […]