10 Laws

10 Laws I first came across Metcalfe's Law in a Forbes article "10 Laws of the Modern World." It was published nearly 15 years ago yesterday. The world is much different today but it is remarkable how these laws still hold. Social media is explained by the perfect storm of the first 5. With [...]

By | January 10th, 2020|Categories: Forecasting, Lessons Learned, Management, Strategy|Tags: , , |0 Comments

Re-Framing

Re-Framing As CEOs and business owners gain knowledge and experience, they find their problem-solving skills growing. We gain confidence and make decisions with less stress and greater speed. Then we encounter a particularly vexing problem where our knowledge seems inadequate. When this occurs, it often helps to re-frame the problem. Let’s look at an example. WeWork [...]

Speed

Speed Preston: Brian, in our last exchange you talked about how the internet has enabled us to do things faster, cheaper and more efficiently. We discussed this in the specific application of developing a minimally viable product. I want to focus on the “faster” element whether enabled by the internet or not. Speed, in [...]

Decentralize

Decentralize “How is [Berkshire] organized? I don’t think in [the] history of the world has anything Berkshire’s size [been] organized in so decentralized a fashion.” -Charlie Munger Berkshire Hathaway had revenue of $242 billion in 2017. Their headquarters staff is about 25 people. Take a look at your organization. Are you too centralized?

By | September 20th, 2018|Categories: Decision Making, Management, Strategy, Uncategorized|Tags: , , , , |0 Comments

Audacity

Audacity "In a time when computers are replacing many basic human functions, it will eventually come to be that audaciousness, vision, courage, creativity, a sense of justice – these will be the only tasks left to us." -Ryan Holiday Artificial Intelligence (AI) may be the great equalizer when it comes to competitive advantage...until courage and [...]

By | September 19th, 2018|Categories: Competitive Advantage, Creativity, Strategy|Tags: , , , , , |0 Comments

MVP (It’s not what you think)

MVP (It's not what you think) Preston: Brian, “Ready, Fire, Aim” is great advice in those situations where we feel paralyzed by a lack of information. This is the state in which many entrepreneurial companies find themselves. It is also the state any business may find itself in when developing a new product or [...]

The Problem With A Coherent Strategy

The Problem With A Coherent Strategy A coherent strategy can get you into trouble. Coherent means all the pieces fit together in a nice package. It is the underlying assumptions that may not be valid that can cause a coherent strategy to fail. Examine those underlying assumptions carefully. Some are implicit and must be ferreted [...]

By | April 6th, 2018|Categories: Strategy|Tags: , , |0 Comments

Counter-Intuitive Strategy

Counter-Intuitive Strategy Being "easy to do business with" can be the basis of a competitive advantage. Look at the success of IKEA. They take an opposite approach. Rather than convenience, they compete by giving their customers pride in building what they buy. Be open-minded as you create or re-create your business model. Understand psychology and [...]