Showing posts with label opportunity recognition. Show all posts
Showing posts with label opportunity recognition. Show all posts

April 2, 2009

A Different Kind of Hand-Out

Yesterday I was speaking at a conference in Santa Clara, called the Invent Your Future conference for women. While there I started talking with a woman who was lamenting the fact that she had started a new spa in Oakland this past June. Could there be a worse time to start a new business? Especially a business that offers luxury services... Everyone listening said, "Wow, that is BAD luck." But, instead I said, "There must be some way to turn this problem into an opportunity. I asked her about the business, the services she offered, and we came up with an idea that might just work...

I looked around and saw all these women helping each other at the conference. Why not create that type of supportive community at her spa. So, I suggested that she have a special promotion: Give a Hand and Get a Hand. If you come in at a specific time - say Tuesday evenings - then you get a half price manicure (get one hand free!) and in return spend some time at the spa helping others with their career issues (Give a hand.) This idea isn't completely "polished", but it does demonstrate that even when things seem ominous, there is usually some way to turn the problem on its head to create something of value.

Perhaps someone will try this idea... I'd love to know what happens.

February 6, 2008

Puzzled?

It is much easier to learn things when you experience them yourself than when someone tells you about them. I think back to my old days as a neuroscientist... I had several courses where we covered the basics of neurophysiology and all the related mathematical formulas. I could describe them and could pass tests that asked me to regurgitate them, but I didn't really understand them until I spent time in the lab sticking tiny neurons with electrodes and seeing the results myself. I would increase or decrease the voltage and the currents across the cell membrane would change. Now I got it! The formulas came to life and I finally understood them.

I now spend my time coming up with experiences that allow people to experiment with a wide range of skills, such as opportunity recognition, challenging assumptions, leveraging limited resources, negotiation, etc. I have found that just as my experience in the lab, you need to experience and experiment with these variables before you truly understand them.

One of my favorite simulations uses custom made jigsaw puzzles. Essentially, several puzzles are mixed together and each team is given a handful of pieces and a stack of poker chips, which is the currency of the game. They are challenged to complete a puzzle. There are fewer puzzles than there are teams, and the "marketplace" changes often as I throw new twists into the game. It is fascinating how much the participants learn in just one hour. Check out this short video to see this exercise in action.

February 5, 2008

Seeing Old Things in New Ways

One of the best ways to create opportunities is to see old things in new ways. The best artists do this all the time. They are able to see the extraordinary in the ordinary, to transform a common scene into a work of art, and to make us see the world through brand new eyes. When we look at a great photograph, we are changed... It illuminates a world that we might have looked at, but had not really seen before.



Here is a photo taken by Forrest Glick of a French street scene. He has certainly taken the ordinary and made it extraordinary. In fact, all of Forrest's photos on OpenFloodgate are pretty remarkable. I encourage you to check them out.