Monetization Playbook #71 —Knowledge is power

Knowledge is Power

The illusion of control is a tendency to believe we can control or at least influence outcomes that we demonstrably have no influence over.

We cannot control how others drive, only how we drive.

If knowledge is power, we're all susceptible to the illusion of control. When dealing with complex situations where skill, knowledge, chance, and randomness lie, we like to think that we know what is going on when we are often wrong.

Understanding how chance and randomness works in games and life helps provide a seeding and growing culture framework.

Note, we refer to growing culture as opposed to maintaining culture. The difference seems slight but opens a chasm of variation in deliverability.

Maintaining culture tends toward the homogeneity bias, whereas growing culture seeks the best climatic conditions for expansion.

Just because you own some stock in a company doesn't mean you have any power over it.

Rarely do small shareholders have a real say–and when they do–they're labelled activists.

Some employees remain powerless, while others wield too much influence without consequence.

Power flows upwards, not downwards.

And yet, culture starts from the ground up. This base foundation is where the seeds germinate. Where the bulbs blossom and produce the harvest.

The best yields result from the best farming and agricultural practices.

Culture doesn't cost money, but it does require cultivation.