Ep. 25 | Olivia Wong - Women In Leadership: Prototype Thinking and How It Can Increase Decision Making by 10x

On this episode of the Rich Equation Podcast, Ashish is joined by guest Olivia Wong. Ashish and Olivia discuss the prototype thinking strategy. Ashish and Olivia dig deep into the process, what it’s all about and how it can help you make decisions 10 times faster. They also discuss how to relearn to say I don’t know, the power this sentence has and how it can help open up ideation within a team. Olivia also shares with us her routine and mindset and how she maintains a high level of performance while keeping harmony in her life. 

HIGHLIGHTS:

 0:00 – Intro
 0:05 – Ashish shares a brief introduction to his guest Olivia Wong
 0:40 – Ashish states that this episode covers the topic of prototype thinking,
 learning how to say I don’t know and the power of saying it and how it can open up ideation within a team. Ashish and Olivia also speaks about her routine and mindset and how she maintains a high level of performance while keeping harmony in her life
 3:18 – Olivia speaks about where her passion and drive comes from 
3:55 – Olivia shares how her dad once said to her that 

The way she lives her life and being so young is really fascinating and how it’s almost like she has experienced a near death experience because she understands the meaning of life and she values the time that she has
 7:11 – Olivia explains what prototype thinking is and the formula to using it
 7:42 – Olivia states that it was originated at Google X
 8:42 – Olivia speaks about how prototype thinking gives us a very step by step linear process that is repeated in a circular way
8:50 – Olivia states that prototype thinking gives us a tested and validated framework for solving any problem
10:34 – Olivia shares an example of a problem and how using the prototype can solve the problem
17:12 – Olivia talks about the process of using the prototype thinking and creating an experiment/creating a test
21:03 – Ashish asks Olivia to explain how to create the right team to do this work
25:06 – Olivia speaks about the energetic wave of innovation and how to navigate when it’s time for democratic decisions and when it’s time to just go for it with executive decisions
27:49 – Olivia describes one of their core concepts: the 3 point offset and how all companies can use the prototype thinking formula within their business
30:50 – Ashish asks Olivia about how she removes bias from the processes within the prototype thinking strategy
33:25 – Olivia talks about her routine
36:27 – Ashish speaks about meditation and all the benefits meditating can have on your day and your life
38:06 – Olivia states that if we are afraid of routine it’s because were afraid of letting ourselves down so just simplify your routine and make it realistic and manageable
39:20 – Olivia talks about her experience working as a humanitarian worker
40:47 – Olivia speaks about how being Ms ASIA Global has allowed her to create the conversation and help make important change around the world
44:00 – Olivia states that if she could have any superpower it would be being able to sing
44:51 – Ashish asks Olivia what she wish she knew 20 years ago
45:51 – Olivia states that true richness to her is having the right attitude to create internal wealth
46:03 – You can contact Olivia  through Instagram and Facebook @prototypethinkinglabs or through her website https://prototypethinking.io/