Business Flashcards
How much information do you need to have to make business decision according to Jeff Bezos?
Most decisions should probably be made with somewhere around 70 percent of the information you wish you had,”
If you wait for 90 percent, in most cases, you’re probably being slow.”
Social media: what do they know with data?
Create analytical models that predict your behavior - best wins!
They have the highest amount of data and largest amount of money in history of humanity
Social media was able to people go to vote without them knowing that they are manipulated
Social Dilemma - Dylemat społeczny
Old legal aphorism about making an argument?
“When you have the facts, pound on the facts. When you have the law, pound on the law. If you don’t have either, pound on the table.”
If arguing involves making your case, and persuading involves guiding to action, convincing is about getting someone to embrace that choice so strongly that they’ll make it even when you’re no longer at their side.
What is lawyer’s trick for jurors to make their own decision? Monumental speeches in movies?
Try to lead your audience right up to the line where they have to reach a conclusion – but then have the discipline to stop
Don’t tell them explicitly what to decide, the theory goes; put them in a position where they have to take the final step.
How do emotionally intelligent people make their arguments?
Have the discipline required to listen as they speak.
They use tactical silence as they make their case.
They consider what it all looks and sounds like from the other person’s point of view.
They come back to the comparative definitions of arguing, persuading and convincing.
Warren Buffet about qualities of a person?
You are looking for three qualities:
Integrity
Intelligence
and
Energy
If you don’t have the first one, the other two will kill you
Warren’s Buffet’s integrity question to determine the importance or your inner vs. outter scorecard?
Would you rather be considered the world best lover (mom) but know privately that you are the worse
or
rather be considered the worst but know privately that you are in fact the best
Warren Buffet about assuring ethical standards across his businesses?
how would feel about any given action if they know it was to be written up the next day in their local newspaper?
Warren Buffet’s newspaper test of ethics he expects his managers to adhere to?
Basically, if an article “written by a smart but pretty unfriendly reporter” appeared in a local newspaper about a decision or action you made, and your family, friends, and neighbors read it, how would you feel about it?
“It’s pretty simple,” says Buffett. “If [your decision or action] passes that test, it’s okay. If anything is too close to the lines, it’s out.”
Net profit - definition?
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
When does the first-time home buying really kicks into gear in US?
When people are hitting their thirties
Steve Jobs’ rules for holding management meetings? (3)
Keep the invite list small – 3-5 people are ideal (Transcript has informative function; know exactly what each person’s stake/role in the meeting will be)
Keep the agenda short – no more than 3 items.
Keep the length to no more than 30 minutes.
[parcel key pieces of information in digestible chunks (1-2 minute segments)]
Dowodca pułku Azow z Mariupola o planowaniu I heroiźmie?
Heroizm i odwaga pojawia się, kiedy planowanie i organizacja ponoszą porażkę - powiedział Pałamar.
