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Charlie's mental models > Business > Flashcards

Business Flashcards

1
Q

Efficiencies of scale

A

Demand (network effect, experience goods, switching costs)

Supply (manufacturing, R&D, A&P, distribution, maintenance)

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2
Q

Chain Effect

A

Dependent components

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3
Q

First Mover

A

First mover advantage (mover effect)

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4
Q

Disruption

A

Low-end vs high-end and power of creeping advantage (water erodes stones)

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5
Q

Collective, Sharing

A

Crowdsourcing, systems

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6
Q

Consequences

A

2nd and 3rd order

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7
Q

Obscurity, Niches

A

When not in plain sight - great advantages hide, shenanigans in muddy waters

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8
Q

Synergies

A

Elements’ interaction, loollapalooza, bundles, cross/upselling

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9
Q

Circles

A

Vicious and virtuous

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10
Q

Operating leverage and costs

A

What drives profits (cost cutting is finite)

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11
Q

Core / non-core

A

Pure business quality vs other effects

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12
Q

Cause-effect

A

Is there a relationship?

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13
Q

Fades vs mainstays

A

Time frame

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14
Q

Price vs quality

A

Do not necessarily relate but need education, quality over long term l, price over short term

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15
Q

The Boss

A

Who most benefits accrued to? Who calls the shots?

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16
Q

One key thing

A

Do one thing but do it right and perfect it (Apple design, Netflix platform)

17
Q

Going concern vs replacement

A

When to wear what hat?

18
Q

Size: us vs market

A

Are we big enough to float with the market or economy with little idiosyncratic upside

19
Q

Benefits to consumer

A

Safety (assurance)
Convenience
Premium feeling (luxury)

20
Q

Goodwill

A

What is it worth and what it represents?

21
Q

Capital allocation decisions: Benefits analysis

A
  • organic ROI
  • M&A ROCE
  • LFCF Yield
  • Cost of debt / buyback
22
Q

Data as a new business dimension

A

Data is the new oil

Charlie's mental models (11 decks)

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