Sublime

Deliberate and emergent strategies are both necessary to balance planning with adaptation.

Its important lesson is that we should learn design-type strategy from an upstart’s early conquests rather than from the mature company’s posturing.

Steve Jobs explain Management by Values

Key takeaways:

• Finding great people is the most important lesson in business due to the large variance in quality.

• Great people are often missionaries, not mercenaries.

• Individual contributors can be phenomenal even when management and culture is poor.

• Passion for the company can be a motivating factor for

To be taken seriously as M&A specialists, we had to master this dynamic new area of finance. But the even bigger opportunity, Pete and I thought, would be to become investors ourselves.

you have a strategy, you should be able to link it directly to your P&L.

I never chatted with Bezos about this, so I don't know if it was an explicit strategy on his part, but one of his great strengths as a communicator was the ability to encode the most important strategies for Amazon in very concise and memorable forms.

Take one example "Day 1." I don't know when he first said this to the company, but it was repeated