Relatedness, Risk and Personal Flexibility

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I learned about the concept of relatedness while recently reading a fantastic book called ‘The Origin of Wealth’ published in 2006, by Eric Beinhocker. Beinhocker is now the Executive Director of the Institute for New Economic Thinking, Oxford, England.

Beinhocker describes ‘jump distance’ in a business plan landscape as having three dimensions; relatedness, risk and time horizon. Relatedness is essentially how far your plans are from current skills and knowledge held. Beinhocker describes time horizon as the expected time to payoff from the experiments.  Beinhocker describes risk as ‘all the uncertainties that can affect the outcome of an … experiment. And the degree of irreversibility of the commitment (made)’. In this blogger’s professional experience, risk is commonly calculated in a relative way by assessing probability (likelihood) and magnitude (effect) of the risk. And then ranking risks from big to small.

What Beinhocker’s book didn’t outline was how the relatedness, risk and time horizon dimensions are related. Or how they relate to flexibility.

Using a famous physics formula that velocity = distance/time, we can estimate that progression rate (to achieve a personal goal say) = distance covered/time taken. And that a high progression rate (promotion to greater power say) is proportionate to a high degree of relatedness (patrons, mentors, special knowledge, influential networks to pave the way).

What about Risk? How does that relate to relatedness and time horizon? In relation to the velocity =distance over time equation, risk is that the planned velocity varies significantly in reality.  Perhaps because the distance covered in the allotted time varies significantly from plan.

On a personal level, we can consider progression rate = distance/time as it applies to three things; emotional maturity (in human relationships), wisdom and coping skills.

The progression rate of a teenager in achieving advanced emotional maturity can be raised if there are good role models to learn from. And few things (like peer pressure, stress and negative reinforcement) holding back the advancement of emotional maturity. Or if the maturity time can be shortened somehow. For example, with incentives to mature faster. Or with time substitution – shortening the time by applying other resources in its place.

Regarding improving the progression rate to achieve wisdom and coping skills, the distance covered (quality and depth of wisdom and skills developed) can be improved with safe trials/simulations, analysis practice, improved data storage and retrieval, integrated systems and leverage in learning (learn three key things from one simulation say). Or if the time can be shortened somehow. For example, with incentives to learn and cope faster. Or with time substitution – shortening the time by applying other resources in its place.

Finally, how can the application of personal flexibility (PFL) help to improve the progression rate in the above examples? With emotional maturity, collecting options of good role models to learn from is a good start. Different people’s styles and thought processes can be observed for different situations encountered. Timeflex (the action of buying time, playing for time or reinventing time) is relevant too. Using romance as the example, buying time might involve talking to lots of people about your date’s past track record. Playing for time might involve playing hard to get. Reinventing time might be expanding the honeymoon!

With wisdom, using the flexitypes of design flexibility, process flexiblity and systems flexibility can help improve information management. An example of process flexibility is committing to both advanced education and lifelong learning (more analysis tools and more case studies observed). Timeflex is also relevant. The ‘FLIRS’ acronym of flexibility to leverage to impact to results to stories is also relevant i.e. use flexibility to create leverage, with results being the eventual wisdom obtained.

With life coping skills, using the flexitypes of design flexibility is also relevant. As is styflex (style flexibility), timeflex and FLIRS.

What do you think?


Personal Flexibility and Time Management Revisited

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The Royal Trinity Hospice in London apparently has a motto ‘living every moment’. It’s a great one for terminally ill people, to make the most of the life they have left. Essentially it’s about enriching time.

If you’re pushed for time, try the technique of playing for time. Tell someone you can come up with a good answer or solution – perhaps better than they’re expecting. But you need another x hours to do so. This blogger has been in a couple of life-threatening, outdoor situations, slammed by multiple problems at once. Playing for time (the plan ‘B’), can literally save your life.

Staying in time (being a slave to the rhythm) can ease the burden. Especially if learning something new like; dancing, singing, swimming, marching, relay races or three-legged races in some parent-child, school event. Making love or debt repayments. Or following that car in front of your one.

Paying for time is a great solution for income-rich, time-poor people. Or those doing online grocery shopping because they don’t want to spend time driving to the store and shopping in person.

Making time and keeping time are like what you should do with promises. Choose carefully how to spend your allotted time (and choose your promises carefully too, preferably under-promise and over-deliver). Keep track of whether the time (and effort) invested is paying off in some way for you. We don’t have to charge for our time. But it’s ok to have expectations.  That in return for your valuable time, something positive should result.

Leveraging time is about reaping multiple benefits from one action. Lazy people love it.

light trails on city street
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Use your daily work commute productively, not simply as an entertainment opportunity. Let your car’s onboard computers automatically handle more support aspects of your driving experience. So you can have a rewarding conversation with passengers instead.

Juggling time (or thin-slicing your time) is about juggling lots of loose ends, when you face delays and lead times. This blogger was recently given the job at work of setting up a new office in a foreign (non English speaking) country in Europe. As you can imagine, loads of signed form originals and ID documents were required, all referring to each other. Since you can’t complete any one aspect in its entirety, juggle the steps in the various processes concurrently instead. It is effectively filling in the waiting time with productive work. Accept that progress is uneven and therefore do planning ahead of time. And fact-find in the quiet times.

As always, if you find these blogs inspiring or thought provoking, spread the word for others to benefit too.


Time Management and Personal Flexibility

‘If you can fill the unforgiving minute, with sixty seconds worth of distance run…’ Rudyard Kipling

‘Time and tide wait for no man’ Geoffrey Chaucer

‘Ticking away the moments that make up a dull day. Fritter and waste the hours in an off-hand way. Kicking around a piece of ground in your home town. Waiting for someone or something to show you the way’. Pink Floyd, from their song ‘Time’

‘When you are courting a nice girl, an hour seems like a second. When you sit on a red-hot cinder, a second seems like an hour. That’s relativity’ Albert Einstein

‘Sometimes it is years before I see the way forward. In the case of information loss and black holes, it was 29 years’. Stephen Hawking

black and white photo of clocks
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We all have those moments.  Everything seems to happen at once. We spend the morning running to catch up. Or the opposite. We’ve put everything in motion and just have to play the waiting game.

We can’t change the rhythm of time. Any more than we can stop the sun rising on a new day. But we can try to make the best use of our time. We owe it to ourselves to collect significant and enjoyable memories. Memories forged in the fires of interesting experiences.

Maybe we can open ourselves up to interesting experiences, by deliberately surprising ourselves. If each of us embraced one new experience, however small, once a month, and we averaged a catch up with our friends, once every three months, that’s 3 fresh and interesting things to tell them about, each time we see them. And if they did the same, 3 fresh things for them to tell us about too.

If we started that ‘new experiences’ pattern at age 20 and kept it going for a mere 20 years, that’s 240 new experiences to consume! And 240 opportunities to boost our confidence. It’s also a great example of personal flexibility (PFL) in action.

Now imagine if 50% of those new experiences taught us a life lesson. Something to make us wiser and more skilful. That’s 120 training opportunities, however small. And 120 things of value we can pass on. And not just to friends. But to the next generation of our loved ones too.

Something to think about.


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