Business Tag Archive

CEO builds the factory, not the product

(Excerpt from Lazy Leadership by Andrew Wilkinson) Henry Ford didn’t build cars, he built factories. To me, a great leader’s job is to build a machine that produces a product. It’s not about doing the work itself....

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Margins don’t matter. Dollars do.

(Excerpt from Last Man Standing by Morgan Housel) Jeff Bezos had a different view: Margins don’t matter. Dollars do. A huge business with low margins was preferable to the opposite. He explained in 2014: Margins are...

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Business and Investing are multi-disciplinary

(Excerpt from A Few Things I’m Pretty Sure About by Morgan Housel) An engineer can have a successful career knowing nothing other than engineering. Same for a chemist, meteorologist, or radiologist. Business and...

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I want to build something that is my own

(Excerpt from Shoe Dog by Phil Knight) I told her that I flat-out didn’t want to work for someone else. I wanted to build something that was my own, something I could point to and say: I made that. It was the only...

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Business and Life are full of temptations

(Excerpt from Invested by Charles Schwab) The world of business, like the rest of life, is full of wonderful temptations, and making a choice about where you are going to devote your energy is often as much about...

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Lewicki and Hiam’s Negotiation Matrix

(Excerpt from Mastering Business Negotiation by Roy Lewicki and Alexander Hiam) Avoiding (lose-lose). In this strategy, shown in the lower left of the diagram, the priorities for both the relationship and the outcome...

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BCG Growth Share Matrix

(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...

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Money is the best measure of business value

(Excerpt from Your Move by Ramit Sethi) Money is the marker that you’re doing the right thing because money is the ultimate value to people. When someone is willing to open their wallet and give you their credit...

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Don’t get disappointed about a staff when you were not specific about what you want in the first place

(Excerpt from The Road Less Stupid by Keith Cunningham) When we are disappointed with the performance of an employee, it’s always a result of an unmet expectation. All upsets are simply unmet expectations....

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Culture is not welfare. Culture is accountability and working in unison for a common objective.

(Excerpt from The Road Less Stupid by Keith Cunningham) The vast majority of business management teams—whether a publicly held Silicon Valley behemoth or a mom-and-pop Sioux Falls corner drugstore—have drunk the...

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