Definitions Flashcards
Bipartisan
Agreement or cooperation between two political parties that usually oppose each others policies
Presupposes
Tactically assume that something is the case
Use in place of “already assumes”
“Your argument presupposes that x is the case”
The Franklin Effect
Asking someone for a favour so they bond with you.
It’s not the size or scale of the favour, but the fact that you’ve reached out and asked THEM
You’ve given them power
What was the last song the band played on the Titanic
Nearer my god to thee
Stalemate
A situation in which no one can move and the game is unplayable
What is a fulcrum security?
A security that contains a large amount of leverage in performing an activity.
“We are looking for the fulcrum security in Stelco’s capital structure”
Asymmetrical
Having parts or aspects that are not equal or equivalent
Inflection Point
The point of a curve at which the change of direction in the curvature occurs
In business, it is a time of significant change - a turning point.
Candid
Honest, or straightforward
What to say when someone might get an inside look at how you do things
“A lot of guys watch Bruce Lee movies. It doesn’t mean they can do Karate”
Retribution
Punishment to someone who has done something wrong
Conducive
Making a certain situation probable
Favourable to, beneficial to, advantageous to
“That personality is not conducive to getting things done in Washington”
The Stockdale Paradox
You must never confuse your faith that you will prevail in the end - which you can never afford to lose… with the discipline to confront the most brutal facts of your reality
Admiral Jim Stockdale
He never doubted that not only would he get out, but also that he would prevail and turn the experience into the defining event of his life
What is the hedgehog concept?
It is understanding what you can be the best at, and being the best in the world at it.
It is not a plan to be the best, not a goal to be the best, not a strategy to be the best… it is the understanding of what you CAN be the best at
Consonance
Agreement or harmony between opinions or actions
