Old Formulas Won’t Help You Solve Today’s Business Problems.

The article discusses the limitations of relying on old formulas to solve today's business problems. It highlights three reasons why former formulas of success may not be applicable in current contexts: they don't work the same in all situations, they can be replicated by competitors, and they can have hidden risks. Instead, organizations should focus on changing the way people think and sharpening their cognitive skills. The article suggests three ways to do this: analyzing known unknowns, encouraging divergent thinking, and applying first-principles thinking. By developing these skills, individuals and organizations can better navigate change and position themselves for future success. [Extracted from the article]