Insufficient resources should be invested in what you subjectively believe has the highest probability of producing the best results.

• This argument is based on basic economic principles about resource allocation.
• Assuming you have finite resources (time, money, personnel, supplies, etc.), where to focus them is an important decision.
• In situations where resources are scarce, it is ideal to invest in areas most likely to produce results in order to maximize the use of those resources. Here, "results," whatever that may be, can be interpreted as referring to a clear benefit toward achieving a goal. This is true both from a business perspective and from an individual lifestyle management perspective.
• However, this assertion includes the phrase "what I subjectively believe." This indicates that one's intuition or belief plays a major role in deciding where to invest. While decisions based on data and objective facts are important, the phrase can be interpreted to mean that experience, observation, and intuition are also important.

relevance

• Connecting the Dots
  • emo-centricity
  • Knowledge is outcome-focused information
    • What is the "outcome" of "outcome-focused information?"
    • If it is knowledge after all, isn't it right to act on the desire curiosity driven desire to acquire knowledge?

BELOW_IS_LESS_INTERESTING

希少リソースは最も成果を生む確率が高いと主観的に信じるものに投資すべき

2023-09-03 18:25

Summary of notes

. When resources (time, money, personnel, supplies, etc.) are scarce, it is ideal to invest in areas that are most likely to produce results. One's intuition and beliefs play a major role in deciding where to invest. This can be interpreted to mean that experience, observation, and intuition are also important in making decisions.

Relation to Fragment

. Fragment "What resources are needed to accomplish this?" shows a connection between the two. Resource scarcity and the choice of where to invest may produce more effective results by clarifying the resources needed to achieve the goals one wants to achieve. Also relevant is "Resource scarcity is a structural strength of innovation realization. Resource scarcity may facilitate innovation to create new ideas and products.

Summary of thoughts

• Lack of resources may encourage innovation by investing in areas most likely to produce results. The choice should be based on intuition and belief.

Title

. "Resource scarcity and innovation: the importance of investments based on intuition and belief."

extra info

titles: ["What resources are needed to achieve?" , "iw-557", "Easy means", "Lack of resources is a structural strength of innovation realization", "Self-management strategies for engineers", "2020 Unexplored Foundation: the process of project generation growth", "Optimizing the allocation of time for learning", "Motivation system"] generated: 2023-09-03 18:25

previous notes

Scarce resources should be invested in what you subjectively believe has the highest probability of producing the best results.

This page is auto-translated from /nishio/希少リソースは最も成果を生む確率が高いと主観的に信じるものに投資すべき using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I'm very happy to spread my thought to non-Japanese readers.