Posts Tagged ‘productivity’

law of diminishing returnsThe 5 laws of decline detailed by Orrin Woodward & Oliver DeMille continues with law #4. Previously we have seen how 90% of everything is crud, leaving a good possibility of bad people being in the wrong positions of leadership. We have also seen how people will always do the least amount of work possible for the most gains, including outright theft if there were no repercussions. The last law we looked at showed that if bad behaviors get rewarded, there will be more of it, and it will drive out the good.

The first 3 laws from ‘Resolved‘ and ‘LeaderShift‘ all tie together in how one law set in motion leads to another and makes it even worse. The 4th and 5th laws are a little bit different, but still connected in their own way

The Law of Diminishing Returns

I believe most of us know what this one represents, as it’s a basic law of economics and business taught to us in high school. For those of you who weren’t taught, or who may have forgotten, let’s review.

The principle is that when you add more of one good, or one action to a process, each addition unit being added produces less of an output than the previous unit did. As the return on each additional unit decreases, there will come a point where more units will not add any more output, and in fact will start reducing the total output. (more…)

The Slight Edge by Jeff OlsonSuccess in anything is easy. It’s doing small and simple things continuously over time. The problem: these simple things are easy not to do.

I just finished reading ‘The Slight Edge’ by Jeff Olson, which I now consider to be one of my top 10 favorite books. The main point of the book: Success is easy; but so is failure. What is great is that we have the freedom to choose which path to take.

As we’ve gone through many times before, true success requires personal and professional development. Be careful here though; reading one book like ‘The Magic of Thinking Big’ or attending a leadership seminar is not enough. If it were, you would see many more successful people in the world due to how many leadership books get sold and how many people are attending leadership seminars.

Success requires reading good books on success, and listening to good information. It also requires the slight edge principle that Jeff Olson tells us about.

The slight edge is about doing simple things consistently over time. (more…)