What Can Entrepreneurs & Businesses Can Learn From Socrates

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What Can Entrepreneurs & Businesses Can Learn From Socrates
20 Nov 2021
5 min read

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Socrates taught us that philosophy is a way of thinking about life that can aid us in making judgments when the stakes are high. It allows us to endure pain. Philosophy is the cornerstone of our knowledge; it shapes our beliefs, which in turn shape our personalities. This personality then determines who we are. #ThinkWithNiche

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The Socratic Method is a type of questioning that is used to promote critical thinking for a variety of purposes, including difficult subjects, critical analysis, challenging assumptions and prejudices, and understanding the repercussions of actions. It is taught at law schools with the goal of teaching students critical thinking, reasoning, and logic. It promotes analysis and a degree of thinking that is applicable to fields other than law.

People can explore their philosophy if they want to. It's a choice between being a prisoner to our subconscious mind and following other people's ideologies or making your ideology plain and apparent. We don't have any option except to choose philosophy as humans. The dilemma is whether we choose to define this by a deliberate and rational style of thinking or whether we allow our minds to be manipulated by false generalizations, fears, and chance.

The Socratic approach begins with asking a question and then following up with more questions in response to the answer provided. The process repeats itself in order to arrive at a more defined idea based on a broad concept. The goal is to assist the person in their reasoning or in finding a solution to the problem. The individual who is asking the questions wants to encourage all forms of reasoning and find methods to improve things. It has the ability to stop people from accepting facts or ideas without question, with the goal of challenging them to think for themselves.

Businesses, in particular, can benefit from the Socratic Method since they frequently have a number of assumptions about the optimal course of action. Generally speaking, a business's product or service will answer a problem. Understanding what the assumptions are built on can help improve the product or service. The dialogue in the Socratic Method isn't just about exchanging ideas or information; it may also be about dealing with rejection from consumers, employees, or competitors. This forces businesses to consider future challenges. Using a group's collective expertise, entrepreneurs and enterprises can develop a successful plan that allows for more creativity inside the group. You can acquire clarity on a company's mission by regularly interrogating its principles. This clarity fosters a sense of shared purpose and accountability, ensuring that everyone is working toward the same goal.

The Socratic method emphasizes how difficult and time-consuming it may be to establish facts about anything. The phrases difficult and complicated are frequently used when commencing a new undertaking or enterprise. While some may see this as a disadvantage, entrepreneurs see it as an opportunity to put their theories to the test through a number of trials. These investigations give data. One strategy is to ask yourself or others what the best approach for these trials would be, such as conducting customer interviews or doing competition studies. Entrepreneurship is built on the Socratic technique of attempting to articulate beliefs, questioning, and conducting experiments. Socrates' method has shown to be incredibly effective at law schools, but it also has a lot of application in business.

Conclusion- Disruption is always a possibility, and it may be achieved through challenging people's assumptions. Surrounding oneself with others who share alternative perspectives and ideas can help with this. The Socratic method is built on being receptive to new ideas and forming close bonds in order to share information. As a result of multiple points of view, assumptions are questioned, and the decision-making process improves.