A naukri.com initiative
Startupnation
1w
386
Image Credit: Startupnation
How to Move up When the Only Way Is Down: Learning from AI
- The Local Maximum challenge impacts businesses and individuals alike in many ways, often limiting their growth and development.
- Computer scientists turn the delivery route problem into mountains by mapping it topographically.
- Amazon Prime's profit is related to the speed of its deliveries, making the process of planning delivery routes crucial.
- A star striker in an English football team may limit their play and their own development when all the other players are centered around him/her.
- Raising short-term revenues by sacrificing part of the unique brand and potentially alienating the original community of supporters is a challenge faced by the CEO of a successful start-up.
- Infrastructure upgrades involving expensive 5G investments need balancing huge potential without getting stuck with a huge “sunk cost”.
- Understand the concept of Local Maximum to identify and limit its negative impacts in personal and professional lives.
- Most decisions include an element of Local Maximum, and more complex the decision, the stronger the effects and dangers.
- The concept of Local Maximum offers new ways of thinking about human challenges and helps to navigate through them effectively.
- Judah Taub’s work with start-ups and life experiences with Local Maximums have enabled him to understand the subject and write a book on it.
Read Full Article
23 Likes
For uninterrupted reading, download the app