DGG Week Peek 03

Posted Posted in Week Peek

Here at DGG Week Peek, we condense 3 valuable articles we’ve found on the web every week. We provide you with key insights from each article, and some personal takeaways we’ve gathered.

This week, explore lessons on learning from failure, career lessons, and the benefits of having a side hustle!

 

1

The 3 Stages of Failure in Life and Work (And How to Fix Them)

failure

Decision Making

I have always been intrigued by the idea of knowing “when to keep going and when to move on”. Concepts of persevering and grit, versus pivoting and quit, are at odds but both make sense. The writer introduces a framework he named the 3 Stages of Failure to explore and help resolve this dilemma:

 

Stage 1 (Failure of Tactics):
These are tactical and execution mistakes, where the process of trying to execute strategies is flawed.

 

Stage 2 (Failure of Strategy):
These are planning and strategic mistakes, where there is a solid vision, but the plan and roadmap to achieve the vision is flawed.

 

Stage 3 (Failure of Vision):
These are big picture, directional mistakes. This happens when your actions taken are in conflict with the goal in mind.

 

After understanding the different types of failure in life, it is easier for one to identify the specific type of failure that happened, and remedy the situation solely based on it.

A simple example: A lemonade seller may have the perfect idea to sell chilled lemonade in hot Singapore (vision), and a good plan to sell at locations with high traffic and (strategy), but lacks selling skills and product (tactics). So the seller should not give up on the entire idea, but instead should focus on learning to make great tasting lemonade.

 

 

2

New Graduates: These Are The Unspoken Rules Of The Workplace No One Tells You

career lessons

Career Lessons

New graduates typically might have a hard time in their new workplaces, as they have to navigate through various challenges: interpersonal relationships, office politics, managing superiors and colleagues, and of course the work itself. This article provides some good advice to teach new graduates the many unspoken rules in workplaces:

 

1. You are there to do your job:
Focus and excel in your task at hand before taking on extra responsibilities

 

2. It’s up to you to figure things out:
Learning in the workplace requires pro-activity and independence in searching for opportunities

 

3. Feedback will not come automatically:
Ask the right questions at the right time to learn about your work performance

 

4. Attention to detail is extremely important:
Avoid small mistakes that can culminate into big problems for you

 

5. Understand how you fit into the big picture:
Find meaning in your work for the company to improve satisfaction and engagement

 

6. Companies are not obliged to consider your needs and interests:
Companies don’t owe you anything; the company’s needs will be put ahead of yours

 

7. No one will care about your career as much as you:
Be invested in your own career progress, and design your own framework to grow

 

 

3

The 4 Unexpected Benefits Of Starting A Side Hustle Today

 side hustle

Side Hustles

Side hustles are commonplace today, with many people pursuing them do reap greater financial rewards. But outside of financial gain, this writer explores 4 other benefits that having a side hustle will bring:

 

1. Opportunities:
Side hustles can help you build relationships and connections, demonstrate your skills and abilities, which can come back to beneficial for your career

 

2. Risk Mitigation:
Having a side hustle helps as a safe way to pursue your entrepeunrial ideas, while not going all in on the risk of quitting your day job

 

3. Options with multiple sources of income:
Similar point to above, this helps provide lifestyle and career flexibility

 

4. Finding purpose and meaning:
If you pursue a side hustle with genuine interest and passion, it can be greatly beneficial to providing a greater meaning in your work

 

Do consider starting a side hustle yourself as an alternative channel of growth and development. There is little risk incurred, but potentially great rewards to be reaped.

 

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DGG Week Peek 02

Posted Posted in Week Peek

Here at DGG Week Peek, we condense 3 valuable articles we’ve found on the web every week. We provide you with key insights from each article, and some personal takeaways we’ve gathered. 

This week, explore lessons on leadership, deliberate learning and time management!

 

1

Billionaire CEO Jack Ma says that if you want your life to be simple, don’t be a leader

leadership-jack-ma

Leadership Lessons

This writer summarised 3 key takeaways from Alibaba CEO Jack Ma’s recent speech on leadership:

 

1. Love Quotient
Leaders need to genuinely love his/her team, and love the ultimate goal and purpose of what he/she is building

 

2. Being a leader is not fun
The leader has profound pressure to make sure that the organisation runs well, and is responsible to fix anything that goes wrong

 

3. Inspiring and pushing people
Through hard times, leaders need to inspire the team to see past the tough times and make it to better times together as a team

 

Being a leader might look glamorous and easy, but it is anything but. Leaders have to bear strong responsibilities for both the team and the projects he/she builds.

 

 

2

Why Constant Learners All Embrace the 5-Hour Rule

learning-bill-gates

Deliberate Learning for Success

This writer uses the example of Benjamin Franklin’s success, and proposes the ‘5-hour rule’ as a success strategy that we all should use.

 

Benjamin Franklin consistently invested an hour a day every weekday for deliberate learning. The 5-hour (one hour a day) rule thus reflects the idea that the most successful people are the ones who are constant and deliberate learners.

 

The core concept of the 5-hour rule: Empty Space

 

This allows learners to:

  1. Plan out learning goals
  2. Deliberately practice and receiving feedback, improving on specific areas
  3. Thinking deeply and gain more perspective on lessons learned
  4. Set aside and prioritize time for learning
  5. Solve problems as they arise
  6. Do small experiment with the learning process

 

This might be quite contrasting to the highly productivity-driven lifestyles many of us have today. Instead, purposefully setting aside time and using the time allocated to learn and improve a little bit a day can create profound impact in the long run.

 

 

3

Why You Should Manage Your Energy Not Your Time

 time-management

Time Management

This writer found that most productive employees did not work the longest. She offers certain tips to help increase one’s productivity:

 

1. Splitting the day into several 45-minute segments 
Focusing and maximizing one’s productivity within shorter time sessions rather than trying to go for longer hours (i.e. quality time over quantity time)

 

2. Building a habit of ‘deep work’
Focusing on work without any distraction for a certain period of time before taking a break

 

3. Embracing downtime, being lazy
Brains tend to be more efficient when they toggle between being focused and unfocused

 

As our society now puts a premium on being busy 24/7, we are wired to think that our schedules should be filled with appointments and to-dos. However it seems that the emphasis should be on the amount of hours of focused work and appropriate rest, to maximize our productivity and work efficiency.

 

 

Enjoyed these summaries and insights? Share our DGG Week Peek with your network!

 
Want to be the first to receive this and other exclusive content from us? Subscribe to our newsletter below (No spams, only our best content, I promise!)

 


Itching for more? Check out our latest blogpost here, or find out more about the career development services we offer here!