I ran into a couple of instances whereby there was a need to incentivize or de-incentivize team members with certain extrinsic actions ( carrots and sticks ) . In the book Drive by Daniel Pink, the author talks extensively about what truly motivates us, and...
The real word of mouth marketing comes from exceeding expectations. If the product is oversold with over-the-top flashy marketing or exorbitant prices , even a high quality product may not garner word of mouth marketing. 海底捞 hotpot steamboat chain is famous for being to first to...
Without a plan , every effort feels like a last ditch effort. With long and elaborate plans, each effort feels like a test. A good plan should be well thought of, bulletproof and ideally with as little cognitive bias as possible....
During my evening walk yesterday, I noticed a beautiful tree planted in the middle of a courtyard of a big house. Further down my walk -- a beautiful forest with plenty of trees. It struck to me that the building of a house requires enormous efforts...
One of the things that Naval Ravikant has been pushing for is taking accountability in your work by putting your name up on it. This is interesting as he believes there is a higher risk but when there is success , you will get the...
In this video ( timestamped ) : Xiaomi CEO Lei Jun shares why timing is king. At 40 years of age, he realizes raw intelligence and hard work is not sufficient. Most education systems teaches execution and intellect as a primary factor to success, which could...
Much of entrepreneurship involves losing a bit day by day for potential huge gains in the future. It is not intuitive for most humans as we are not built this way. The inverse however, would be a salary - gaining bit by bit daily. Depending...
