Category: Business
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Classical Conditioning and how you see it everyday in your life.
Today I will write about Classic Conditioning. This helps us learn. First of all, learning can be defined as “The process of acquiring through experience, novel and relatively enduring information or behavior.” Something is not learned when it happens out of maturity or instinct. Learning should happen through experience and last a long time. Secondly,…
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A sustainable business’s growth cycle.
It is a complete mistake to assume that a system can grow infinitely without causing any problems. The truth is, at a certain point, it will inevitably start causing problems. This concept is evident in many aspects of life, from biology to business. Take, for instance, our own bodies. Cells grow to a certain size…
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The Paradox and Irony of Automation. (& How To Avoid It.)
The wheels of a car turn round and around. The thermostat senses the temperature and adjusts itself as necessary. The printer spews out the paper you just typed on your computer. All of these are automated versions of time-consuming tasks. Before the wheels turned around at the press of a pedal, people pedaled the wheels…
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What is Intervention Bias?
What is Intervention Bias? We humans have this deep-seated desire for control. It’s like this itch we can’t help but scratch—we want to feel powerful, secure, like we’re the ones calling the shots. But what about those times when control slips through our fingers? My dad used to say something that’s stuck with me all…
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The 80/20 Principle
The Pareto Principle or the 80/20 Principle In the Pareto Principle, also called the 80/20 Principle, 80% of results come from 20% of efforts. It was first observed by Italian economist Vilfredo Pareto, who noticed that 80% of Italy’s wealth was owned by 20% of the population. The principle has since been applied to various…
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Garbage In, Garbage Out The phrase “Garbage In, Garbage Out” is a well-known concept in computer science and data processing. It emphasizes the importance of accurate and reliable input data in achieving accurate and reliable output. GIGO is an acronym that stands for “Garbage In, Garbage Out.” It highlights the notion that if the input…
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Why Paulo Coelho wrote “The Alchemist” and 5 lessons to learn from it.
Have you heard of “The Alchemist”. You might have read this book and for those who didn’t… It’s simply a work of art. This book has sold 150 million copies and been translated into over 67 languages! (Fun Fact! It holds the Guiness World Record for the most translated book by a living author.) To…
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Charles Darwin’s Theory of Evolution and how it’s applicable in business.
Charles Darwin’s Theory of Evolution Charles Darwin’s Theory of Evolution is a revolutionary idea that has transformed the way we understand the world around us. This theory suggests that all living organisms share a common ancestor and have evolved over time due to changes in their environment. Darwin’s Theory of Evolution is based on the…
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Everything you need to know about Rajendra Chola.
Who was Rajendra Chola? Rajendra Chola I was a renowned emperor of the Chola dynasty in southern India. His rule, which extended from 1014 to 1044 AD, marked the zenith of the dynasty, which we now call the Golden Age. He is known for his naval expeditions to various regions, including the Malay Peninsula, Sri…
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A brief explanation of Attribution Error.
What is Attribution Error? Attribution error is when people mistakenly attribute an event or outcome to a specific factor or person. This can lead to faulty conclusions and decisions. For example, let’s imagine a CEO sees an employee arriving late at work. He would blame the employee for not being punctual, as any average person…