The most important essay I read in the last month is by Lant Pritchett. He asks why the scarcest economic resources—entrepreneurial ability and technical talent—are going into automating an abundant resource: cheap labor. In the developed world, labor is expensive because of policy restrictions, and it is neither efficient nor equitable to use scar... See more
Objectives are great! “Objectives versus priorities” is similar to “problem versus solution” thinking. Objectives tell you the goal and let you figure out how to get there. You set your own priorities and the only thing that matters is if the goal is achieved or not.
Being honest also helps. Every time I’ve shared the burdens and realities of what I’m going through with others, either 1:1 or publicly, the universe finds mysterious ways to help. People are tired of filters and polished stories of overnight success. Vulnerability is refreshing.
I’ll leave you with one final thought, highlighting the importance of teamwork between marketing and product to enable product and brand innovation: “Today, brands are not the preserve of a marketing department. Brands are too important to be left to the marketing department — or any other ‘department,’ come to that. Organizational ghettoes do not ... See more
The Psychology of Money has sold over 3 million copies.
But a third of the way through writing the book, author Morgan Housel threw out everything he had written.
“I just didn’t like where it was going,” he said.
So Housel started over and took an entirely different approach.… Show more