Nepali Times Asian Paints
ASHUTOSH TIWARI
Strictly Business
In Harford's words


ASHUTOSH TIWARI


Success always starts with failure. This is both a subtitle and the premise of Tim Harford's enjoyably readable latest book Adapt. But what kind of failure is helpful for success?

Harford starts out by pointing out how complex and fluidly changing the world around us is. He uses the bread toaster as an example. If you were to start making a toaster from scratch today, at your own house, the task would be next to impossible.

The workmanship, the logistics and the materials needed for a toaster are all so maddeningly complex -- and the knowledge about what makes a toaster a toaster is dispersed among so many different people -- that is impossible for any one person to actually build it.

If the simple task of understanding how a toaster is made is so complex, what makes us think that, with a few degrees and few experiences, we can really understand the world at large? On the other hand, if the world is so complex, how are we to come up with successful products and services? Harford offers three interlocking views.

Expertise is overrated: The flip side of this view is 'Consult experts, but think for yourself'. Experts are best understood as people who have better maps of a particular territory. But having such maps is no substitute for actually walking up and down the changing territory.

Experts routinely underestimate how complex the world is for them to understand, and overestimate the explanatory powers of their own maps and mental models. Schooling, after all, is only one among many small ways to understand how the world works. When experts were tracked for the accuracy of their predictions, it was found that they were only marginally better than amateurs. Better, then, it is to think for oneself, and learn from mistakes.
Try new small things, and survive failures: When no one knows for sure what works and what doesn't, it pays to try new things, but in small doses. Trying out new things will invite failures, to be sure. But those failures, Harford notes, tend to be survivable failures, which help make the final product better. In other words, do not try new big things, only to fall flat on your face, but try new small things, which you can gradually improve to make it a success.

This is one view that Nepal's aid industry needs to take to heart: Most so-called pilot interventions fail because even the pilots are so over-planned and over-designed -- at least on paper with all the good intentions and expertise -- that there is no mechanism to adapt to the inevitable but survivable failures when the plan comes in contact with reality. Making a good enough plan with a view to adapt to changing realities is not a move that risk-averse aid officials make.

Learn from feedback: software programmers know this intuitively. If a program doesn't run, that's a feedback that some code is amiss. Sportspeople know that if the way they are playing is not good, they need to change tactics. But in life, inertia sets in. Most of the time, we are reluctant to seek out and learn from feedback. Instead, we spend more time defending our past mistakes and errors instead of learning from what doesn't work, and going along with what works.

Written in a style reminiscent of Malcolm Gladwell (i.e. a question followed by a story followed by what academic researchers say before reaching a surprising conclusion), the book's strength is that it backs up its views with numerous examples and studies. Though the book is useful for managers, it underestimates the level of resistance one is likely to encounter at workplace to try new small things, make mistakes to deliberately learn from them, and iterate one's product line to success.



1. Chandra Baral
This should be in book review section.

2. GB Banjara

Yes a book review. But a damn good one with useful lessons and tips for success. Afterall, how many of us have read Tim Hardford?

Thanks Ashu.  



3. sukha

thanks ashutosh!!!

really a good reading...

 



4. Bibek
I liked both the review and the book. I'm amused by comparative analysis of economics and evolutionary biology.



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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