The Idea

Every business model started as a mental model, and can therefore be reimagined. Our thoughts don’t necessarily equal reality, and the mental models we live by today can be dismantled, altered, and recombined.

It’s important to remember that playing with mental models costs nothing, and we should give ourselves a chance to construct an exciting alternative reality before worrying about the costs of execution.

Susan Hakkarainen, CEO of Lutron Electronics, emphasizes the importance of first focusing solely on the idea without considering how to implement it. This allows us to listen to the customer, explore solutions, and imagine what something could be, without anticipating the difficulties of execution.

Sign Up for NextBigWhat Newsletter

Curated. Summarized. Important News. For free.

You May Also Like

Humility

A modest or low view of one’s own importance; humbleness. Humility is a requirement if you want to cultivate a lasting positive reputation and leave an admirable legacy. It’s one…
View Post

One of the main

One of the main implementation steps of objectives and key results is more frequent and transparent check-ins. While the quarterly check-in is the bare minimum, teams should touch base with…
View Post