Learn: About the Matthew Effect, Integrity + Creativity in Management


NEwsLETTER

Healthy, Wealthy and Wise

Friends,

I hope this newsletter finds you well.
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Jolly June to you all! This week I would like to delve into how initial advantage leads to cumulative advantage, the essence of integrity, and creativity in management.
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Let's get started!

Video

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The no. 1 Reason to Why You Should Start Early

The number 1 reason to why you should start anything you want to do early.
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Think about it: Why is it that for instance children who are early readers are more likely to become successful readers in the future?
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Most people may identify what they want to do early on, but hold off taking action while stuck in analysis paralysis. The alternative cost to this is quite costly, as initial advantage leads to cumulative advantage.
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This is applicable to many areas of life such as science, education, and business.
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Thus, starting early gives you a head start! The accumulated knowledge, know-how and results keeps compounding as time passes by, making the benefits of having started early ever greater.
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Watch the short video to learn more about how the Matthew Effect plays out and it's impact in order to take appropriate action early to leverage its consequences and to mitigate its negative effects.
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πŸŽ₯ This video is part of a series/playlist on mental models that forms the foundation for more complex ideas to be explored later on.
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Don’t forget to subscribe πŸ”” to my YouTube channel to get regular videos on how to accelerate your learning.


Food-for-Thought

🀝 Integrity is the Cornerstone of Trust

Integrity is the quality of being honest, truthful, accountable, and reliable, with actions aligned with one’s values and principles and committed to doing what is right, even in the face of challenges or temptations. Even when no one is watching.

People need to be able to trust that you are going to do the things you said you would.
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What People with High Integrity Do

1. If they give you their word, you can count on it.

2. They know what is right, and they are not afraid to stand up for it.

3. They live by the same standards that they expect from others.

4. They take ownership of problems that are not their own.

5. They choose to act sooner, rather than later.

6. They are very humble.

7. They believe in transparency.

8. They give credit where credit is due.

9. They are people you can trust.

10. They are broad-minded people.
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The below points may deepen your understanding and foster a stronger dedication to practicing integrity both personally and professionally:

  • Self-development: grow through continuous self-reflection and conscious improvement.
  • Courage: to stand up for what is right, advocating for others' well-being despite discomfort or opposition.
  • Resilience: navigate challenges with determination, and quickly bounce back from setbacks.
  • Empathy: resolve conflicts constructively, and build trust-based relationships.
  • Ripple effect: acts of integrity create a ripple effect, inspiring positive change, and trust to spread throughout your relations with others, and in an organizational culture.
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Article

Creativity in Management

I've spent several years carefully curating some of best speeches in history, so you don't have to.
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The speech β€œCreativity in Management” was delivered by John Cleese to Video Arts in 1991. In his lecture-style presentation, John Cleese claims that creativity is not a special talent. People are either in an β€œopen” or β€œclosed” state of mind. The closed mode enables people to apply themselves to tasks with vigor and concentration, while the open mode is more relaxed and conducive to creative thinking.

Cleese talks about how leaders can induce an open mode in their team members and establish confidence in them to accept that in creative work there will be a succession of seemingly crazy connections, β€œIntermediate Impossibles”, before a new meaningful connection occurs.

Until next time, be well,

Joachim.

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