Navigating the Unknown: Mapping Industries and Upgrading Reading Techniques

Navigating the Unknown: Mapping Industries and Upgrading Reading Techniques

Introduction:

In today's fast-paced world, where industries are constantly evolving and information is abundant, it can be overwhelming to navigate the unknown. However, with the right tools and techniques, we can gain a deeper understanding of any industry and enhance our reading skills to absorb information more effectively. In this article, we will explore Steve Blank's ten steps to map any industry and the concept of upgrading reading techniques for better information absorption.

Mapping the Unknown: Steve Blank's Ten Steps:

Steve Blank emphasizes the importance of starting with what we know when mapping an industry. By listing the names of companies and concepts related to the industry, we create a starting point. As we continue to gather information, questions will arise, and our goal should be to turn these questions into testable hypotheses. Drawing a diagram of the relationships between companies in the industry helps us visualize the key players and identify gaps in our knowledge. By continuously refining our understanding of the industry and creating a glossary, we can deepen our knowledge and uncover valuable insights.

Upgrading Reading Techniques: Tools for Better Reading:

Reading, invented 5400 years ago, remains the most efficient way to absorb information. However, the average person reads at a speed of only 250 words per minute (wpm). To enhance our reading skills, Mortimer Adler's book, "How to Read a Book," introduces three types of reading: inspectional reading, analytical reading, and synoptical reading. Each type serves a specific purpose, allowing us to engage with the material more effectively.

To further upgrade our reading techniques, the concept of social reading has emerged. Social reading plugins, such as Glasp curators, act as filters, helping us discover relevant content and engage in meaningful discussions with others. This trend is expected to grow, revolutionizing the way we consume and interact with information.

Actionable Advice:

• 1. Start by mapping the industry you are interested in. List key companies and concepts, and gradually refine your understanding through continuous learning and the creation of a glossary.

• 2. Overlay numbers, dollars, market share, and growth rates on your industry diagram to gain insights into the velocity and direction of the market. Identify market leaders and new entrants.

• 3. Upgrade your reading techniques by incorporating inspectional, analytical, and synoptical reading. Experiment with social reading plugins to enhance your information absorption and engage in valuable discussions.

In conclusion, navigating the unknown requires a strategic approach to mapping industries and upgrading our reading techniques. By following the steps outlined by Steve Blank and adopting new reading methods, we can gain a deeper understanding of industries and absorb information more effectively. Embrace the unknown as an opportunity for growth and exploration, and let curiosity guide you on your journey towards knowledge and success.