Strategy is simple - Deepstash
How To Get Rich Naval - Every Episode

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Why happiness is the ultimate goal

The importance of creating value

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How To Get Rich Naval - Every Episode

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Strategy is simple

Strategy is simple

A strategy is a plan to create value. Value for customers, value for employees, value for suppliers. It is planning for the future.

Strategy doesn't begin with a focus on profit. Financials, profitability, return on investor capital is the result of strategy. It is not the starting point.

27

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How to create more value

We can create more value in two ways.

  1. By increasing the willingness to pay. It describes the customers. It's the most a customer would ever pay for a product or service. Value can be created by focusing on "customer delight".
  2. By decreas...

26

115 reads

Value explained

Value explained

Value is the difference between a willingness to pay and a willingness to sell. This can be shown with a value stick.

  • At the top, we have a willingness to pay.
  • At the bottom,  we have a willingness to sell.

The difference between the two is the value the com...

30

169 reads

Ways to raise willingness to pay

Ways to raise willingness to pay

  • Product quality. The higher the quality, the more appealing the service, the higher the willingness to pay.
  • Product complements. A compliment is a product or service that supports willingness to pay. For example, razor and razor blades, or printer an...

26

108 reads

How to lower willingness to sell

Two ways to be more attractive in the market for talent:

  1. Pay more money. When you pay more money, you will be more competitive in the marketplace for talent.
  2. Make the job a better job. Create more attractive working conditions, for example, bet...

26

112 reads

CURATED FROM

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michnels

Horticultural therapist

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