Strategy
Every business needs a strategy to string all the resources together to pursue a direction. It involves having a value proposition and positioning in the market.
(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) A good strategy may consist of more than the kernel, but if the kernel is absent or misshapen, then there is a serious problem. The kernel of a strategy...
April 7, 2022|
Strategy
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(Excerpt from Good Strategy / Bad Strategy by Richard Rumelt) Bad strategy is long on goals and short on policy or action. It assumes that goals are all you need. It puts forward strategic objectives that are incoherent...
April 7, 2022|
Strategy
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(Excerpt from Monday Musings 6 Dec 2021 by David Perell) Every industry has a map. Not a literal map, but a cognitive one filled with different skills needed to make money and produce products. Because of this, building...
December 7, 2021|
Strategy, Structure drives behaviour, Success
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I very frequently get the question: ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question:...
September 19, 2021|
Strategy
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(Excerpt from Rework by Jason Fried) The way to find the epicenter is to ask yourself this question: “If I took this away, would what I’m selling still exist?” A hot dog stand isn’t a hot dog stand without the...
September 19, 2021|
Circle of Competence, Strategy, Via Negativa
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(Excerpt from Price, wants, needs and perils of urgent by Seth Godin) There are four quadrants, and the thing you offer can fit into one of them. Low-priced wants – Because it’s cheap, it might appeal to the...
March 27, 2021|
Matrix, Strategy
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(Excerpt from The Ride of a Lifetime by Robert Iger) These are all executives who have been trained for years to grow their own businesses and are compensated based on their profitability. Suddenly I was saying to...
September 17, 2020|
People, Strategy
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(Excerpt from The Star Principle by Richard Koch) There is a branch of business theory called strategy , which was invented by a new consulting firm, the Boston Consulting Group (BCG), in the 1960s. BCG’s most famous...
September 6, 2020|
Investing, Matrix, Strategy
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(Excerpt from Han Feizi translated by Burton Watson) If the person you are trying to persuade is out to establish a reputation for virtue, and you talk to him about making a fat profit, then he will regard you...
August 30, 2020|
Machiavellian, Strategy
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