Skinner’s Law

• If procrastinating on an item, you only have 2 options:

  1. Make the pain of not doing it greater than the pain of doing it.
  2. Make the pleasure of doing it greater than the pleasure of not doing it.
Skinner’s Law

Precision of Value

In most part of the world, companies go through their corporate planning exercises, at this time in December, January and February. There are decisions, trade-offs and choices you have to make during this period as many Corporate planning techniques like portfolio planning, core competence analysis, corporate mission statements, value-based management, and parenting concepts will be employed. A good planning process should be focused on creating value. So now its more than ever important to discuss the precision of value.

What is the precision of value? It’s the specifics. Delivering value means you need to produce things in a certain way. This means stepping outside your narrow thought and understand the why’s. Focusing on the elements that’s scarce and valuable , keeps you in the long-term value game. If something is no longer scarce, it’s not going to be valuable for long. This is where society eventually wants to go, and you’ll get paid extremely well with a huge competitive advantage.

Applying the Theory of Constraints

“Find and improve the constraining factor — no other work will matter.”

Eli Goldratt in his book, Goal laid out his Theory of Constraints which states that any system with a goal has one limit and worrying about anything other than that limit is a waste of resources. There is nothing fancy in understanding this but million dollar question is so how do you apply the Theory of constraints for your own success?

Lets decode: What is a constraints? Simple answer: Limits. Thinking in limits is the smartest way to identify and address the appropriate limit.