TED Talks Daily The real gold of our economy is in our hands | Salvatore Cali
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Nov 15, 2023 
Salvatore Cali, an operations visionary, discusses how outdated workflows waste valuable time and diminish productivity. He emphasizes rethinking tasks to uncover true value creation, urging businesses to cut inefficiencies. David Kelly, founder of IDEO, shares insights on fostering creativity and overcoming the fear of judgment in professional settings. He recounts personal stories that illustrate the impact of supportive environments on creative confidence, ultimately advocating for approaches that empower individuals to unlock their potential.
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Passport Renewal Inefficiency
- Salvatore Cali wasted hours renewing his passport, involving multiple trips and paperwork.
- The "fast track" option highlighted the inefficiency of the standard process.
Economic Impact of Wasted Time
- Wasted time has a significant economic impact, calculable in missed GDP.
- Even small amounts of wasted time per person accumulate to substantial losses.
Low Value Creation
- Research suggests only 5% of labor creates actual value.
- The rest is wasted, highlighting the need for process optimization.