Exploiting and Exploring

From Annie Duke, Quit, p. 202.

When the ants first get to a territory, they’re exploring it for opportunities. Once they find an opportunity, a high-quality food source, they start to exploit that. But some percentage of them never stop exploring. That allows them to discover backup plans. Those backup plans are really good to have when the ants are forced to quit, when the ants get unlucky and the food source goes away. But just as important, sometimes when they’re searching for a backup plan, they find something even better than their Plan A.

That’s the way that we need to think too. When we find something that’s working for us, whether it’s a job, a career, a product that we’re developing, a business strategy, or even a favorite restaurant that we love going to, continuing to explore what other options might be available is a good strategy in a world as uncertain as the one that we live in.

Never stop exploring.

exploring exploiting

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