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Why Diversification Results In Mediocrity
good strategies are usually “corner solutions.” That is, they emphasize focus over compromise. They focus on one aspect of the situation, not trying to be all things to all people.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
The best answer to this puzzle is that the real surprise was that such a pure and focused strategy was actually implemented. Most complex organizations spread rather than concentrate resources, acting to placate and pay off internal and external interests.
Richard Rumelt • Good Strategy Bad Strategy: The Difference and Why It Matters
Don’t divide your attention: focusing on one thing yields increasing returns for each unit of effort.
At a micro level, an extra hour of focus on the current project has a much higher return than an hour on something new, or worse, 5 minutes each on 12 new things. Before you ever do something new, you should understand the opportunity cost vs. exis... See more
At a micro level, an extra hour of focus on the current project has a much higher return than an hour on something new, or worse, 5 minutes each on 12 new things. Before you ever do something new, you should understand the opportunity cost vs. exis... See more
Joe Lonsdale • Lessons from Peter Thiel
think new entrepreneurs often get lured into diversifying because they don't know how to grow. That's why you see people with so many side-hustles. But side hustles are for people with jobs who want to earn a bit of money on the side. Side hustles are not for people focused on growing a new business. Think of it like this… If you actually knew how
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