I'd hope PMs would lean towards the law of abundance as following the law of scarcity might lead to unhealthy competition between PMs (for specific skilled team members for example) whereas the law of abundance gives a PM the confidence to believe there is a way forward, in spite of perceived or real constraints.
Kiron
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1 reply by Luis Branco
Mar 07, 2023 2:47 AM
Luis Branco
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Dear Kiron
Thank you for participating in this reflection
Some paradigms of those who are governed by the law of scarcity:
- I lose - You win
or
- I win - You lose
or
- I lose - You lose
Some paradigms of those who are governed by the law of abundance:
- I win - You win
- Synergy
What is the impact on project management?
Saving Changes...
Luis BrancoCEO| Business Insight, Consultores de Gestão, LdªCarcavelos, Lisboa, Portugal
Mar 06, 2023 3:44 PM
Replying to Kiron Bondale
...
I'd hope PMs would lean towards the law of abundance as following the law of scarcity might lead to unhealthy competition between PMs (for specific skilled team members for example) whereas the law of abundance gives a PM the confidence to believe there is a way forward, in spite of perceived or real constraints.
Kiron
Dear Kiron
Thank you for participating in this reflection
Some paradigms of those who are governed by the law of scarcity:
- I lose - You win
or
- I win - You lose
or
- I lose - You lose
Some paradigms of those who are governed by the law of abundance:
- I win - You win
- Synergy
What is the impact on project management? Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
Luis,
from your explanation to Kiron, I think I understand better what you mean.
Law of scarcity describes the mindset of zero-sum games, competition, short-term gains and greed. We see it in (geo)politics, the marketplace, finance, wars. It is often related to unethical behavior, but supports the human value of (individual) freedom.
Law of abundance then is about a growth mindset, collaboration, sustainability and sharing. This is often referred to by agilistas as the target team mindset. And it is certainly preferred by most humans, we regard it as positive and ethical. It supports the human values of fairness, community, respect, humility.
It depends on the project and situation/context when you should use which mindset.
BTW, Peter Diamandis writes and talks about abundance in many areas since years, have a look: https://www.abundance360.com/summit Saving Changes...
Latha Thamma reddiSr Product and Portfolio Management (Automation Innovation)| DXC TechnologyMckinney, Tx, United States
