⚛️ First Principles Thinking
First Principles Thinking involves breaking down a problem or concept into its most basic, fundamental components. It requires starting from scratch and deducing everything from the ground up based on fundamental laws and principles.
🏭 Theory of Constraints
The Theory of Constraints (ToC) aims to identify and address bottlenecks in business processes. It involves focusing efforts on improving a process's most important limiting factor until it is no longer a constraint.
🏎 Speed vs Velocity
Unlike speed, which only describes the magnitude of an object's movement, velocity is a function of speed and direction. It describes both the magnitude and the direction of an object's movement.
🔁 OODA Loop
The OODA loop is the Observe–Orient–Decide–Act process for making fast decisions in high-stakes situations. It involves information gathering, data analysis, decision-making, and action before repeating the process with new data.
🔢 Headcount Planning
Headcount planning is a strategic exercise to ensure that an organisation has the correct number of people with the right skills to achieve business objectives.