WITS Zen News for the week :
- 5 Things I Learned About Entrepreneurship From Y Combinator’s Paul Graham
- Big Data, Big Prediction? – Looking through the Predictive Window into the Future
- Getting to Business Value Through Gamification
- The Un-Cool Virtue That Defines Entrepreneurs
- The Five Personalities of Innovators: Which One Are You?
If you want more useful links than what we highlight here , follow @witszen on Twitter.
I’ve been asked many times what kind of insights I gleaned from Paul Graham about how to successfully build a company, so I want to share the 5 most important insights.
When you are doing any predictive analytics, you are really trying to peek into the future through the predictive window of your data. If you try to look outside of this window, your future will look very blurry; so blurry that you can’t make anything out of it with any certainty.
The gaming dynamics or mechanics of gamification (the game part, playing to retain interest of participants) is not what brings value. We can definitely see an increase in repeat visits, maybe even tie that to an increase in sales or reduction in costs if we do a decent job correlating KPIs and gaming metrics; but that is not the end game.
Most people in business aim to do right; they just fail to pull the trigger. For whatever reason, they just don’t have the wherewithal to finish the job. What they lack is discipline. The bridge between wishing and accomplishing is discipline.
Forbes Insights’ recent study identifies five major personalities crucial to fostering a healthy atmosphere of innovation within an organization. Some are more entrepreneurial, and some more process-oriented – but all play a critical role in the process.