Using "First Principles Thinking" to Solve Complex Problems
The Founder & The Force Multiplier
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“If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.” - Albert Einstein
Think you know the best way to move your company forward? Think again. Or rather, think first with "first principles thinking" to solve your business's most complex problems, bring innovative solutions to the table, and walk away with a better decision than you would have before.
First principles thinking is an incredibly helpful model for Chiefs of Staff and Executive Assistants to use when a new project or opportunity lands in their inbox, either for themselves or for their Executive. The first principles thinking framework can help everyone get clarity on the issue at hand, while also providing the best options for moving forward. Organizing problems and finding creative solutions is what Force Multipliers do!
What is First Principles Thinking?
First principles thinking is a thinking model best used to challenge assumptions, understand the real issue, and decide what solution to implement.
First principles thinking is made up of three components:
1. Identify Current Assumptions
When a new or reoccurring problem is presented, list out all the current assumptions you have about that issue.
2. Break the Problem Down into Components and Fundamental Principles
This is where powerful questions come into play. What's true about the problem? What isn't? How did this problem come about? What components (cost, people, resources, systems, etc.) make up the problem? Is there an underlying issue here that if solved, would make the current issue irrelevant? What are our current beliefs about this challenge? How are those not true?
Between steps 1 and 2 is a good time to bring in other key stakeholders to ask questions, bring a different perspective and make sure nothing has been missed. Force Multipliers can provide context and frame the discussion around the core issue and main objective and then open the floor to additional questions and insights.
3. Create New Solutions
After you've named the problem, identified current assumptions, broken the problem down into it's key parts, challenged their validity through powerful questions and critical thinking, you're poised to develop new and innovate solutions that you haven't tried yet.
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Let's use first principles thinking on these common issues in business:
Assumption #1: "The labor market is tight and I can't hire the talent I need."
Break down the problem:
Create new solutions: We will reduce our events budget and allocate those funds towards a larger hiring budget, which will include more marketing and sharing of our stories about our company and our team. In addition, we will add more benefits and revise starting salaries to become more competitive in our market and industry, as well as open up our hiring pool to remote employees for 50% of our positions.
Assumption #2: "My Executive is not willing to make the tough decisions we need to move the company forward."
Break down the problem:
Create new solutions: First, I need to have a fierce conversation with my CEO and let her know what I'm hearing and seeing. I will also bring the following to the meeting: our 2024 business plan, P&L, current profit margins, as well as a forecast for profit if we continue with the current staff vs. if we invested in new talent with more experience, current job descriptions for said leaders, proposed job descriptions and compensation plans for new hires, and an analysis of the gap between our current staff and what we need in the new roles based on our growing business. I will recommend that we begin looking for new talent while having job reviews with the current team members—perhaps they will be able to upskill or move to a different position in the company. I will also bring some additional resource ideas (like HR consultant or an Executive Coach) to help her prepare for these difficult conversations.
As you can see, first principles thinking helps you think outside the box, particularly when you're close to the issue, have tried to solve it in the past and failed, or are getting various opinions from multiple parties based on anecdotes, not facts. The ability to create new solutions from lingering or reoccurring problems is liberating!
We have to move fast—that's the nature of business in today's world. However, slowing down from time to time to use first principles thinking could save you time, energy, and money in the long run. And, you never know, you may just develop a game-changing strategy or solution that takes your career, company, or industry to a whole other level.
Is there a common problem in your life that needs first principles thinking to help you find a new solution?
Written by Hallie Warner .
So thrilled to be embarking on this journey toward achieving sustainability in our everyday lives. It's a challenge, but together, we can make a significant impact! ????"In the end, we will conserve only what we love; we will love only what we understand; and we will understand only what we are taught." - Baba Dioum. Let's continue this journey of learning, understanding, and loving our planet to drive real change. ??? Keep inspiring, and remember, every small action counts!