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Reproduction speed has crucial implications for the overall economic growth rate. If your factory costs $100 million to build and can produce $3 million worth of widgets in a year, it will take you 33 years to regain the value of the factory. That level of productivity, 3 percent per year, has been an average for the Industrial Revolution over the past couple of centuries. (Note that if the widgets are not simply consumed, but reinvested, say, by improving the capabilities of the factory, the total value will double in 25 years instead of 33, due to the magic of compound interest.)
Where Is My Flying Car?
J. Storrs Hall
Your sales department will already have a customer-centric mind-set, but it is important for them not to prioritize every customer request. Customers know exactly what pain they are feeling, and they know that they want relief. But they don’t know how feasible each solution is. You do. After identifying all customer pain points, for each, rate the amount of pain that the customer feels and the degree of difficulty for you to solve it. Then work first on the issues with the highest customer pain that are the easiest for you to solve.
The Great CEO Within
Matt Mochary, Alex MacCaw, and Misha Talavera
You should take a bow as a Lodestone if you can answer these questions positively: Does your leader trust you to support them when they are flying high? Can they rely on your strength when the pressure is on and they are in the spotlight? Are you in constant training to ensure that, in the moment, you are the strongest link? If you were not there to act might there be no act at all?
Consiglieri
Richard Hytner
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