Business Tag Archive

3 Elements in a Strategy Kernel

(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...

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Strategy is the bridge between goals and objectives

(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...

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The Vision Grid

Excerpt from The Vision Driven Leader by Michael Hyatt In Quadrant 1 (abstract, implicit), the leader has a vague idea of what he wants the future to look like. It’s more of a hunch, maybe wishful thinking. Since the...

Business, Founder, Matrix Read More

Where would this company be without this individual?

(Excerpt from Monday Musings 6 Dec 2021 by David Perell) …what if pay is determined by asking: “Where would this company be without this individual?” The higher the number, the higher the pay should be — no...

People, Success Read More

What’s not going to change in the next 10 years

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:...

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What’s your hotdog

(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...

Circle of Competence, Strategy, Via Negativa Read More

Learn from success, not failure

(Excerpt from Rework by Jason Fried) Another common misconception: You need to learn from your mistakes. What do you really learn from mistakes? You might learn what not to do again, but how valuable is that? You still...

Business, Founder, Success Read More

The career, business or investment with the best ROI is often dismissed and not well documented

(Excerpt from The Interesting Times 23 Apr 2021 by Taylor Pearson) If you stumble on what looks like a great opportunity that the market is ignoring, 99 times out of 100, the market as a whole knows something you...

Adaptability, Availability Bias, Investing, Learning, Stereotype, Strategy Read More

Visionary leadership vs operational leadership

(Excerpt from The Vision Thing by Fred Wilson) … leadership comes in two flavors, visionary leadership and operational leadership. Founders are almost always visionaries (if they aren’t, run in the opposite...

Execution, People Read More

New sales should get more commissions than existing ones

(Excerpt from Sales Management Simplified by Mike Weinberg) All sales dollars are not equal … capturing a new dollar of sales is way more valuable than recapturing an existing dollar of sales. Can we agree that...

Sales Read More