full transcript

From the Ted Talk by Natalie Fratto: 3 ways to measure your adaptability -- and how to improve it

Unscramble the Blue Letters

The third and final trick that I use to assess a founder's adaptability is to look for people who infuse exploration into their life and their business. There's a sort of natural tension between exploration and exploitation. And clielcovelty, all of us tend to overvalue exploitation. Here's what I mean. In the year 2000, a man finagled his way into a meeting with John atciono, the CEO of Blockbuster, and proposed a partnership to manage Blockbuster's fledgling onnlie biensuss. The CEO John laughed him out of the room, saying, "I have millions of existing cmetrouss and thousands of sssufcecul retail sotres. I really need to focus on the money."

Open Cloze

The third and final trick that I use to assess a founder's adaptability is to look for people who infuse exploration into their life and their business. There's a sort of natural tension between exploration and exploitation. And ____________, all of us tend to overvalue exploitation. Here's what I mean. In the year 2000, a man finagled his way into a meeting with John _______, the CEO of Blockbuster, and proposed a partnership to manage Blockbuster's fledgling ______ ________. The CEO John laughed him out of the room, saying, "I have millions of existing _________ and thousands of __________ retail ______. I really need to focus on the money."

Solution

  1. customers
  2. stores
  3. collectively
  4. online
  5. business
  6. successful
  7. antioco

Original Text

The third and final trick that I use to assess a founder's adaptability is to look for people who infuse exploration into their life and their business. There's a sort of natural tension between exploration and exploitation. And collectively, all of us tend to overvalue exploitation. Here's what I mean. In the year 2000, a man finagled his way into a meeting with John Antioco, the CEO of Blockbuster, and proposed a partnership to manage Blockbuster's fledgling online business. The CEO John laughed him out of the room, saying, "I have millions of existing customers and thousands of successful retail stores. I really need to focus on the money."

Frequently Occurring Word Combinations

Important Words

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