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The Bigger the Idea, the Bigger the Value?

The Bigger the Idea, the Bigger the Value?

In 1935, Boeing and Martin & Douglas — two aviation companies — brought planes to an airfield in Dayton, Ohio to compete for a contract from the U.S. Army. Boeing was showcasing a plane called the Model 299, which had a 103-foot wingspan, four engines (the norm at the time was two), five times the number of specified bombs, and could fly much farther than any other plane.

It was a very complex plane, but a tremendous one.

And what happened in Dayton? It crashed right into the ground, killing two of the men on board.[1]

The instant theory on what happened was complexity. Some newspapers called it “too much plane for one man to fly.” Martin & Douglas won the contract, and Boeing almost went bankrupt.

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Some in the Army, though, still thought the Model 299 could work. They got together and tried to fix the complexity issues. At first, they thought the main issue was experience of the pilots — but in the Dayton test, the pilot had been very experienced. That wasn’t it.

Over time, they came up with a very simple idea: a pre-flight checklist.[2]

    The pre-flight checklist was a success, the plane was renamed the B-17, and it had a huge impact on WW2. At the same time, the pilot’s checklist gave birth to the hospital checklist, which has improved safety in surgery by 30% and more.

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    A simple idea, but with a huge impact.

    Very often, we seek great thoughts. We believe that the bigger the idea the bigger the value. But the pre-flight checklist is one of the many pieces of evidence to prove that this is not true.

    Start Small and Leverage

      If you want to make an impact, aim small and think about the leverage of an idea. Begin with one small idea, or an old idea. How can the old idea be reused, adjusted, or tweaked to “leverage” for higher values?

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      “Leveraging” is an investment strategy involving the use of borrowed capital to increase the potential return on an investment. It works with ideas too, however. An old idea in a new situation can be transformative. Or a simple idea like a pre-flight checklist can change the course of a World War.

      You don’t always need to wait for the inspirational “big idea” to come. What if that never comes, and you’re left with no ideas at all?

      How to Find that Small Idea?

      The easiest way is to start with a problem.

      Because there are so many different types of problems you could solve, look for one within your capability or expertise area. By narrowing down the scope, you don’t get distracted by problems that you don’t have control over. Within that area, look for a problem that happens all the time. (Something frequent.)

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      Now you need to stick to the problem you’ve found and look into it — start with the root cause, and then look for different layers of causes. Understand what the core of the issue is. This will help you think of more good approaches/solutions for it.

      Now review the causes you have identified and think of solutions. If there are available solutions, review whether they can really fix the causes you have identified. If the answer is no, it’s probably a hard problem to fix. But if the answer is yes, don’t worry so much about the root cause — try to review different layers of causes.

      If there are no available solutions, think of different solutions for different layers of causes. It feels counterintuitive to many, but oftentimes when you stop looking for the big idea, you open up creativity big-time.

      Small is Big

        A simple act, with a simple, old tool, had incredible leverage. Don’t look for a great idea. Look for a good problem. Start by observing the troubles you come across in your everyday life. Go for the small idea and get the big wins from there. You probably won’t win a World War, no, but you could be very successful.

        Reference

        More by this author

        Leon Ho

        Founder & CEO of Lifehack

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        Last Updated on May 26, 2020

        Top 10 Reasons Why People Don’t Reach Their Goals

        Top 10 Reasons Why People Don’t Reach Their Goals

        With everything that happens around us, it is sometimes difficult to reach our goals. This is compounded if you have any of the reasons on the list below.

        Luckily, in addition to the top 10 reasons why people don’t reach their goals, I’ve included a quick fix for each of them. So let’s get to it.

        1. Creating Vague Goals

        When you don’t know where you are going, it is really hard to get there. Many people set themselves up for failure when they set goals that are unclear. “I want to lose weight” sounds like a great goal but the people who set this kind of goal will never reach it. It is not because the people are not motivated or disciplined but because the goal is too general. Do you want to lose 5 lbs or 50 lbs?

        Quick Fix:  Set SMART goals by being Specific, making sure they are Measurable, Achievable and Realistic, and last but not least — give yourself a Time deadline. If you want to go one step further, you may want to read The Missing Letter in Your Smart Goals.

        2. Lacking a Higher Purpose

        Goals can be set on any topic imaginable but if you don’t have a higher purpose, it makes it is easy to give up once the initial motivation and excitement wears off. Understanding how your goal is relevant to you allows you to persevere even when the going gets tough.

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        Quick Fix: When setting your SMART goal, ask yourself how the goal is relevant to your life and what you want to achieve.

        3. Procrastinating

        Even when you have SMART goals that are relevant to your purpose, if you don’t get started, you’ll never achieve your goal. One of the most dangerous phrases is “I’ll do it later.”

        Quick Fix: Make sure the goal has been broken down into manageable pieces and then start right away. Here are 11 Practical Ways to Stop Procrastination.

        4. Not Taking Responsibility

        Things will go wrong. That’s a fact of life. When something comes up and you don’t achieve your goal, who do you blame? Your boss who kept you at work late so you couldn’t work on your book or maybe the horrible weather that stopped you from going to the gym. If it’s not your fault, there is nothing you can do, right?

        Quick Fix: Own up to not reaching your goals. When you take responsibility, you’ll become resourceful knowing that you have control over the attainment of your goals.

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        5. Listening to People Who Discourage You

        When you go for your goals, especially the big ones that really count and fit in with your purpose in life, it is inevitable that people will discourage you. There are many reasons for this: concern, jealousy, ignorance, etc. How many goals have already been given up on because other people decided they were not worth pursuing?

        Quick Fix: This one is easy. As long as you know the purpose for your goal, ignore the naysayers. You can take what they are saying into consideration but make sure you make the final choice.

        6. Starting Too Many Projects

        I’m a starter. That sounds like a good thing but not when you start too many things, you don’t end up finishing many of them. This usually stems from the fear of missing out (FOMO) or being someone who has many ideas.

        Quick Fix: Understand that you have a limited amount of time and that you can’t do everything. To deal with FOMO, realize that by not finishing, you are missing out on all the opportunities that open up when you finish the projects you are working on.

        7. Being Negative

        If you think you’re not going to make it, then you’re probably not going to make it. If you don’t believe you’re going to reach your goal, then when you fail, it is expected which makes it easy to stop trying. When you are optimistic and a setback occurs, you focus your energy on finding solutions because you truly believe there is one. If you believe that you suffer from bad luck, check out this article.

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        Quick Fix: Consider the idea that optimism and pessimism are both expectations of the future. Each are equally likely to be true but which belief will help you lead a happier more fulfilled life? Instead of wasting your energy on complaining, spend that energy on learning.

        8. Being Selfish

        There are people out there that think it is silly to help others. They believe in taking and not giving. They are misers with their time, money and knowledge and are only interested in opportunities where they stand to benefit. Most big goals require the help of others and it is very difficult to help people who only care about taking.

        Quick Fix: Serve others first. Always look for ways to add value to other people.

        9. Surrounding Yourself with People Who Don’t Reach Their Goals

        You are who you associate with. This may be hard to swallow for some people and there are always exceptions to the rule but for the most part, we act in accordance with the people around us. This comes from the strong ad natural desire to belong and to be accepted (think of all the dumb things you did in high school just to fit in).

        Quick Fix: Associate with people who always reach their goals.

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        10. Watching Too Much TV

        Not all TV is bad but if you are watching TV then most likely you are not doing anything to move one step closer to your goal. The problem with TV these days is that it is captivating. There are programs for all interests and hobbies and the shows keep getting better and better. Those who watch alot of TV usually don’t reach their goals and perhaps people watch TV because they don’t have any goals.

        Quick Fix: Shut off the TV. Cancel the cable. Pick up a book that will help you move one step closer to your goal. Here are 6 Steps to Remove TV from your Life.

        Do you have anything to add? What do you think are the reasons why people don’t reach their goals and what are your thought about the 10 reasons we have listed here. Feel free to give your own effective quick fixes for the different reasons in the comments section below.

        Featured photo credit: Kyle Glenn via unsplash.com

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