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Sam Ovens From Consulting Accelerator On How To Play With Chaos


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Sam Ovens From Consulting Accelerator


How to play with chaos in business. How to deal with complexity, uncertainty and chaos. In order to be in business and entrepreneurship you really have to get good at making things simple and understand what is signal and what is noise?


You need to develoup a lense, so you can look through it and then you will be able to be right more often. If you look at every data possible it will be to complex.


Sometimes we think we know what the problem is caused by, but we might often be wrong. So you need a mental model you can use for dealing with chaos and uncertainty.


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1) Entropy.

There is a constant pull towards entropy, example ageing and a car.


2) Initial conditions.

For example when you formed your company. The start of something. For example as a human is what you grew up with. Initial conditions have a tendency to replicate, like Mark Zuckerburg from Facebook and privacy. Example google would only hire the TOP people and it is the same now. One of the biggest company in the world and it is probably some of the smartest people in the world working there.



Sam Ovens From Consulting Accelerator

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3) Importance of feedback.

We have input --> process --> output. Example on Facebook input is ad, process is the algorithm combing all the variables --> output what the ad good or not? to get the hockey stick curve in your company is to listen to feedback from your customers! When we make a business we need to get more output than the input. Put in less, to get more. Get out more than you put in. You want to keep the energy within the system and feed it back around.


4) non-linearity

This is exponential growth and not linear. Like athletes that is born at certain time have a advantage over others depending on birth date.



Sam Ovens From Consulting Accelerator

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Original video: https://www.youtube.com/watch?v=KZSXFPt4Vqk


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