Team enabled winning

Mika Häkkinen is a 2 times F1 world champion. As he faced increased competition which limited his victories he was forced to move from an individualistic strategy to leveraging a strong team to reach his goals. In this short video, he shares his journey to understanding that the seeds of winning are grounded in building and positioning oneself within a solid, reliable team.

Gaming and opportunities

Gene Klein, a Holocaust survivor, reflects on the life lessons he has extracted from his trials in a German concentration camp.

2 strategies he utilized to survive his life-threatening circumstances are:

Accelerated opportunity taking

Gene explains how he had to seize opportunities at the moment they were presented. Assessing the outcome of the status quo enabled Gene to construct a strategy that would enable him reach the goal of survival. The establishment of a predefined strategy enabled Gene to assess opportunities faster than others which ultimately saved his life.

Gamificaiton

Gene implemented a simple incentive model: If he survived the day he would consider his goal successfully accomplished for the day. Every morning the “game” would initiate and every night if he was able to make it back to his bed he would define that day as a victorious day for himself. Gene made it through the harshest environments through finding an internal motivational model which allowed him to achieve his ultimate goal.

Technology hype cycle

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don’t let yourself be lulled into inaction.

Bill Gates

Plotting Technology against Hype

Emerging technologies provide an opportunity for early adaptors to gain a head start over competitors. At the same time, earlier adopters face the risk of hidden complexities. A risk that could see their investment yield a null return on the original promise.

Gartner’s Hype Cycle is a framework which can be used to evaluate a technology’s maturity against the hype and, by inference, the risk of adoption.

The technology hype cycle helps company's plot the maturity of a technology against the hype and adoption risk.
Gartner’s Hype Cycle

The Hype Cycle plots a technologies path along 5 points:

1. Innovation initiation

Social media initiates a wave of excitement as influencers first discover the technology. Technology evanalists fixate on the potential of the innovation.

2. Crest of promoted expectations

Few numbers of large successful implementations are published. Companies evaluate the technology based on the excitement. They attempt to hedge risk as far as possible.

3. Pit of disillusionment

Social media attention declines. Few companies are able to boast grand successes inline with original forecasts.

4. Ascent of enlightenment

More practical functions are found for the technology. Growth in implementation numbers increase off the back of revised business models. As skill availability increases more companies tentatively adopt the technology. Total number of published use cases increase.

5. Plateau of productivity

Larger market adoption takes place. The larger market views the technology as stable.

Timing

Technology does provide an advantage when adopted earlier than competitors. To yield an effective return timing needs to be accurate. The hype cycle framework helps determine the best moment to select a technology within the mixed chorus of excitement and resentment.