Hi All! Here is my weekly wrap up email. If you love this content (please share it), but also… Check out my , connect with me on / , and Podcast YouTube Twitter Subscribe to my weekly newsletter Join our free slack community What’s in today’s newsletter? The Map Is Not the Territory Idea: Intelligence vs. Wisdom Question: Useful Learning Quote: Liz Elting, Bob Meers, Chris Smith, Why AI Can’t Replace You Podcast: How I Got Into And Managed to Walk Away from Burnout Article: Idea: The Map Is Not the Territory Ever tried navigating a bustling city with a map from the 1980s? Turns out, the city is the same, but the map has changed. , a bustling locale in New York, changed hands three times in a decade. On paper, every owner was a savvy entrepreneur. Yet, two of them failed, one succeeded wildly. The difference? Their perception of the territory. John’s Coffee Shop : Every business operates with models. Forecasts. Predictions. Templates. Maps. But, as Alfred Korzybski reminded us, "the map is not the territory." Fact John's first owner, a techie, automated everything. He trusted algorithms to dictate coffee preferences, manage inventory, and even select music. : technology-driven efficiency equals success. His map The second owner went retro. Vintage furniture. Manual registers. A return to the "good old days." : people long for nostalgia. His map The third, a young barista-turned-owner, constantly interacted with customers. She tweaked the menu based on conversations, adjusted seating arrangements from observations, and kept a flexible approach. : listen, adapt, and evolve. Her map Two static maps. One dynamic terrain. Guess who thrived? Our businesses, like cities, are dynamic, ever-changing. But we, time and again, clutch outdated maps thinking they'll guide us. didn’t dominate by following the traditional auto industry's map. They redrew it. Tesla didn’t rise by mimicking Blockbuster. They envisioned a new landscape. Netflix Yet, countless businesses cling to their maps. After all, it's reassuring to follow a blueprint. But what if that blueprint is outdated or just plain wrong? Best nautical map of its time. Top-notch navigation tools. But, it wasn’t the map that failed; it was the iceberg not on it. A dynamic, unforeseen component of the territory. Consider the Titanic. So, how do we operate in a world where our business maps might be leading us astray? : Every map has blind spots. Anticipate them. Embrace Uncertainty : The world changes. Regularly revisit and revise your maps. Stay Curious : Get out there. Feel the ground. Talk to people. Real-time feedback trumps theoretical models. Interact with the Terrain They had a map. A good one. But when the terrain changed with the rise of digital streaming, their map became obsolete. Remember Blockbuster’s decline? Conversely, , under Jobs, was known to pivot on a dime. iPod's success? iPhone’s creation? Responses to a changing territory. Apple Lastly, a nod to , the author who’s talked extensively about "Black Swan" events. Events so rare, so unpredictable, they’re not on anyone’s map. Yet, they shape terrains. Nassim Taleb Businesses that thrive, Taleb argues, aren’t those with the best maps, but those most adaptable when off the map. So, as you chart your business journey, remember: Your map is a guide, not gospel. The real magic happens when you dare to traverse the unmapped, the unpredictable, the unknown. Because in the end, it's not about having the best map, but being the best explorer. Question: Intelligence vs. Wisdom What Is The Difference Between Intelligence & Wisdom? It is often measured by tests, such as , that assess logical, verbal, and mathematical skills. Intelligence can help you solve problems, learn new things, and perform tasks. Intelligence is the ability to acquire, process, and apply information. IQ It is often gained by observation, reflection, and practice. Wisdom can help you understand yourself, others, and the world. Wisdom is the ability to use knowledge and experience to make sound judgments. A few places to start. Intelligence is based on the functions of the brain, such as memory, reasoning, and perception. Wisdom, on the other hand, is based on the insights of the mind, such as . The Cognitive Perspective. intuition, empathy, and morality Intelligence is influenced by the genes, environment, and education of the individual. Wisdom is influenced by the age, culture, and values of the individual. The Developmental Perspective. Intelligence is useful for achieving goals, creating innovations, and advancing knowledge. Wisdom is useful for avoiding mistakes, making decisions, and finding meaning. The Practical Perspective. It's in the balance where you really thrive. They can support each other and enhance each other's value. Intelligence and wisdom are not mutually exclusive. So, don't just be smart. Because Be wise. intelligence without wisdom can be dangerous. Quote: Useful Learning - Dr. Barbara Oakley “It’s not what you know that matters. What matters is how well you can use what you know when you need it. In other words, it’s not the knowledge you have crammed into your head that’s important; it’s the knowledge that you can access and use when you need it.” It’s not what you know. It’s what you do with that knowledge. Seek growth & continual learning, not perfection (because perfection doesn’t exist). Take knowledge, make it relevant, make it applicable. Do something with it. ( ) Share On Twitter Podcast: Liz Elting, Bob Meers, Chris Smith, Why AI Can’t Replace You 1. Liz Elting - CEO at Elizabeth Elting Foundation | | YouTube Spotify Apple Liz Elting is a distinguished entrepreneur, philanthropist, and business leader, known for her remarkable journey that spans five countries. In 1992, she founded TransPerfect from an NYU dorm room, growing it into the world's largest language solutions company with over $1.1 billion in revenue and a presence in 100+ cities. She is a celebrated advocate for women's empowerment and a sought-after speaker, with her book, "Dream Big and Win: Translating Passion into Purpose and Creating a Billion-Dollar Business," poised to inspire others to follow in her footsteps. Recognized as one of Forbes' Richest Self-Made Women, Liz Elting continues to shape the business landscape with her passion and dedication. 2. Bob Meers - Ex-CEO at Reebok & LuLulemon, CEO at Better for All | | YouTube Spotify Apple Bob Meers is a highly accomplished CEO with a history of leading several prominent companies (LuLulemon, Reebok). Currently at the helm of Better for All, a unique line of PHBH home compostable bioplastic cups championing environmental sustainability, Bob brings a wealth of leadership experience to the organization. Previously, Meers served as CEO of Lululemon Athletica, Inc., from December 2005 to June 2008, taking a small yoga apparel business to a billion-dollar international public enterprise. Before that, Meers served as President & CEO of Reebok. During Meers’ 15-year tenure at Reebok, the company grew from $13 million to $3.5 billion in sales. 3. Chris Smith - Co-Founder of Curaytor | The Conversion Code | | YouTube Spotify Apple Chris Smith is the Co-Founder of Curaytor (an Inc. 500 fastest-growing business) and he was named top 4 best marketers under 40, according to the American Marketing Association. His book, The Conversion Code, is taught at colleges like Johns Hopkins University and he has been a guest lecturer at NYU. Chris used the blueprint in this book to quickly grow his company to eight figures in annual recurring revenue, without raising any venture capital. His work has been featured in AdWeek, Forbes, Fortune, and many other publications. 4. Why AI Can't Replace You | | YouTube Spotify Apple In this Lessons episode, we explore the unique value of human creativity and how to cultivate and maintain it in the age of rapid AI advancement. I'll discuss how the world is rapidly evolving, with AI taking over roles traditionally held by humans. But where does human ingenuity fit in this landscape? I’ll also discuss the unique attributes humans possess - our capacity to empathize, innovate, and imagine, which even the most advanced AI cannot replicate. How I Got Into And Managed to Walk Away from Burnout Article: Everyone is an advocate of not over-working. But we all fall into burnout. How does this happen? What do we do to get out of it? Well, here’s an article that gives us an answer. Read it here. My Links Success Story (Top 10 Business Podcast) Newsletter (321k Subs) Social Media Also published . here

Walkthroughs, tutorials, guides, and tips. This story will teach you how to do something new or how to do something better.

What if You Really Are Right About Everything? 

Your Playbook for Navigating Life's Paradoxes 

Connect With Scott

Read My Stories

Portfolio

Newsletter

Nominated for 2022 - Most Valuable Marketer

Nominated for 2022 - Startup Blogger of the Year

Nominated for 2022 - HackerNoon Contributor of the Year - Entrepreneurship

Nominated for 2022 - HackerNoon Contributor of the Year - Business

Nominated for 2022 - HackerNoon Contributor of the Year - Business Strategy

Nominated for 2022 - HackerNoon Contributor of the Year - Sales

Too Long; Didn't Read

Boost your HackerNoon story @ $159.99! 🚀

It's Not About Having the Best Map, but Being the Best Explorer

It's Not About Having the Best Map, but Being the Best Explorer

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

4 Lessons From OnlyFans and its Founder, Tim Stokely

$PEPE, a Purple Lamborghini, and More: The Story Continues

102 Most Important Webism Quotes by Unknown Authors

100 Days of AI Day 3: Leveraging AI for Prompt Engineering and Inference

100 Days of AI, Day 8: Experimenting With Microsoft's Semantic Kernel Using GPT-4

4 Lessons From OnlyFans and its Founder, Tim Stokely

$PEPE, a Purple Lamborghini, and More: The Story Continues

102 Most Important Webism Quotes by Unknown Authors

100 Days of AI Day 3: Leveraging AI for Prompt Engineering and Inference

100 Days of AI, Day 8: Experimenting With Microsoft's Semantic Kernel Using GPT-4

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps