The Pygmalion Effect, Dealing with Uncertainty, Tacit Knowledge Trumps Deliberate Practice, and a Multi-Trillion Dollar Opportunity
Social Leverage Letter | Issue #77
Get smarter faster with our curated list of thought-provoking content for founders and investors:
3 articles, 2 podcasts, and 1 video.
Was this email forwarded to you? Sign up here.
The Pygmalion Effect suggests that expectations can influence performance and become self-fulfilling prophecies. We should be mindful of our expectations of ourselves and others. They can shape our opportunities, behavior, and capabilities.
Donald Rumsfeld's famous quote about unknown unknowns is a lesson in understanding and managing uncertainty. Challenging known knowns, discovering unknown knowns, mitigating known unknowns, and preparing for the unknown unknowns are ways to deal with uncertainty.
Tacit knowledge is knowledge that cannot be taught through words alone and is best learned through imitation, emulation and apprenticeship. It is important in knowledge work, as experts often have an intuitive understanding of the domain that cannot be easily explained, and must be experienced to be understood.
Explore openings at our portfolio companies:
© 2017-2023 All Rights Reserved, Social Leverage LLC.
Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.