Reed Elsevier "Search Day" 10 Feb 2005

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????? Wisdom of Choice
??? Kai-Fu Lee
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21st Century A Century of Choice

• The most important event is not technology or
  Internet.
• It is for the first time
• Substantial and rapidly growing numbers of people
  have choices.
• For the first time, they will have to manage
  themselves.
• 
  Peter Drucker

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How to make better choices?
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1. Moderation to Avoid Extremities The
Middle Way ??
6 Wise Waysto Choose
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2. The flexibility to decide situationally ????
How to choose the right way? It depends!
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2. FlexibilityI disagrees with my boss should I
tell him?
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2. Flexibility Leadership
6 Leadership Styles
Effective Leadership, D. Goleman
1?Directive
2?Visionary
3?Harmonious
4?Democratic
5?Accountable
6?Coaching
Best leaderthose who can possess all six
styles, And flexibly decide on the style that
applies to the situation
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3. The Pragmatism to Pick Your Battles
Steve Covey 7 Habits
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3. The Pragmatism to Pick Your Battles
1?Focus Accept things you cannot change
2?Increase circle of influence Change indirect
to direct
IndirectlyInfluence
DirectlyInfluence
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4. The Objectivity to Analyze Your Options

• Worst case scenario
• Whats the worst that could happen?
• Can I accept that?
• How can I do better than the worst case?
• What is the probability of success?
• If you think your likelihood of success is in the
  40-70 range, you should do it. Waiting longer
  could cost you more.
• Colin Powell
• Pros cons analysis
• Forces you to be objective
• Solicit others to analyze

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4. Objectivity Pros Cons Analysis
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5. The Self-Awareness to Set Expectations

• If you lack self-awareness
• If you set expectations too high
• Result in disappointment, blame transfer
• If you set too low expectation
• Result in not stretching yourself, taking risks
• If you have self-awareness, you
• Wont give up on any failure
• Wont be complacent on any success

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6. The Perspective to Learn from Mistakes
The journey is the reward

• What is wisdom?
• Making good decisions
• How do I make good decisions?
• Experience.
• How do I gain experience.
• Make bad decisions.

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6. Perspective How I benefited from failures
A failure is not a punishment, but an
opportunity for resolution benefit
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7. The Courage to Let Go

• To choose one thing, you may have to forgo
  another
• The more you possess, the harder it is to let go
• Keep in mind best opportunities are transient

Peak?
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7. Courage How I let go
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8. The Courage to Follow Your Heart

• Heart
• Value What is right?
• Newspaper test
• Purpose What do I want my life to be?
• Tombstone test
• Passion What do I love doing?
• If you find a job you love, you will never work a
  day in your life.
• Best way to find your passion Stay hungry stay
  foolish

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Wisdom of Choice

• Have the courage to follow your heart and
  intuition.
• They somehow already know what you truly want to
  become.
• Everything else is secondary.
• Steve JobsStanford Commencement2005