Thursday, August 4, 2011

Book of the Month- Adapt

Adapt by Tim Harford
Another hero in the book is Peter Palchinsky, a Russian mining engineer who was imprisoned and executed by Stalin’s government in 1929 after many years of dissent against the human cost of the top-down command and control approach to industrialisation in Soviet Russia. Tim Harford suggests 3 Palchinsky Principles shaped to encourage stronger innovation, better leadership and more effective policies:

1/ Variation - seek out new ideas and try new ideas

2/ Survivability - when trying something new do it on a scale where failure is survivable

3/ Selection - seek out feedback and learn from mistakes as you go along, avoid an instinctive reaction of denial

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