Imagine you’re a chef. Now, as a chef, you could follow recipes created by others, which is a bit like relying on conventional wisdom or the status quo. But what if you want to create a new, signature dish? That’s where first principles thinking comes in.
First principles thinking is like breaking down your pantry to its most basic ingredients. Instead of thinking, “I need pasta sauce,” you consider the tomatoes, the herbs, and the spices. You strip away assumptions – like needing pre-made sauce – and start from the most fundamental truths: tomatoes can be crushed, herbs can be chopped, and spices can be blended.
Now let's take this into a real-world scenario outside of our kitchen. Imagine Elon Musk and his team at SpaceX wanting to reduce the cost of space travel. They didn't just look for cheaper suppliers or tweak existing designs; they went back to the basics. They asked themselves: What are rockets made of? Aluminum alloys, titanium, copper, carbon fiber. Then they asked: What is the market price of these materials? Surprisingly, they found that the material cost of a rocket was around 2% of the typical price.
By applying first principles thinking, Musk realized that by manufacturing and assembling these materials themselves, SpaceX could drastically cut costs – not by a small margin but by orders of magnitude. This approach led them to innovate in ways that traditional aerospace companies hadn't considered.
So when you apply first principles thinking in your professional life or personal decision-making process, you're doing what our chef did with their ingredients or what Musk did with rocket parts: going back to basics to build something from the ground up – original and often more efficient.
Remember this: Whether it’s cooking or rocket science, first principles thinking encourages us not just to think outside the box but to rethink how we’re building the box in the first place.