Seven Memorization Techniques For Business People

Entrepreneurs and business people can enhance their memory and understanding by using a few simple techniques.

Method of Loci

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The Method of Loci is a mnemonic strategy for memorizing information. The Method of Loci gets its name from the word “loci”, which is the plural of locus – meaning location or place. It is a form of memorization where an individual places information they want to remember along with points of an imaginary journey. By retracing the same route through the journey, the individual can recall the information in a specific order. For this reason, many consider this memory tool a location-based mnemonic.

Feynman Technique

feynman-technique
The Feynman Technique is a mental model and strategy for learning something new and committing it to memory. It is often used in exam preparation and for understanding difficult concepts. Physicist Richard Feynman elaborated this method, and it’s a powerful technique to explain anything.

5 Whys Method

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The 5 Whys method is an interrogative problem-solving technique that seeks to understand cause-and-effect relationships. At its core, the technique is used to identify the root cause of a problem by asking the question of why five times. This might unlock new ways to think about a problem and therefore devise a creative solution to solve it.

Active Recall

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Active recall enables the practitioner to remember information by moving it from short-term to long-term memory, where it can be easily retrieved. The technique is also known as active retrieval or practice testing. With active recall, the process is reversed since learning occurs when the student retrieves information from the brain.

Forgetting Curve

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The forgetting curve was first proposed in 1885 by Hermann Ebbinghaus, a German psychologist and pioneer of experimental research into memory.  The forgetting curve illustrates the rate at which information is lost over time if the individual does not make effort to retain it.

Cognitive Load Theory

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Cognitive load theory (CLT) argues that instructional design quality is increased when consideration is given to the role and limitations of working memory. The theory is based on the premise that since the brain can only do so many things at once, the individual should be selective about what they ask it to process.

Spaced Repetition

spaced-repetition
Spaced repetition is a technique where individuals review lessons at increasing intervals to memorize information. Spaced repetition is based on the premise that the brain learns more effectively when the individual “spaces out” the learning process. Thus, it can be used as a mnemonic technique to transform short-term memory into long-term memory.

Read Next: Mnemonic Techniques

Related Strategy Concepts: Read Next: Mental ModelsBiasesBounded RationalityMandela EffectDunning-Kruger EffectLindy EffectCrowding Out EffectBandwagon EffectDecision-Making Matrix.

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