Motley Fool Money Predicting the Success of New Ideas
May 5, 2020
Discover why middle managers struggle to predict the success of new ideas, particularly in creative fields. A fascinating study on circus artists reveals the critical role of peer feedback in evaluating creative work. Adam Grant shares insights on how to enhance evaluation processes, emphasizing the importance of collaboration and perspective in fostering innovation. Get ready to rethink how feedback can shape the future of creative success!
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Circus Act Predictions
- Adam Grant discusses a study on predicting the success of new ideas, focusing on circus performers.
- The study found that performers overestimated their acts, managers were too negative, and peer feedback was most accurate.
Bias in Evaluation
- Artists tend to be overly positive about their own work, while middle managers are too negative, hindering innovation.
- Managers often compare new ideas to past successes instead of evaluating them on their own merit.
Value of Peer Feedback
- Seek feedback from peers, as they offer a balanced perspective, unlike overly positive artists or negative managers.
- Peers possess enough distance for objective evaluation while remaining invested in the creative process.
