Book Byte #188 "The Grid" by Matt Watkinson
The Decision-making Tool for Every Business (Including Yours)
š£ Curious Quotes from the Author
āA business is like a boat floating on the ocean, with currents moving it one way and the wind blowing it another.ā
āWhen decision-makers look at each part of a business in isolation they usually arenāt aware of how individual decisions can add up to unintended and undesirable outcomes.ā
š Cognition of the Bookās Big Idea
There are nine interconnected aspects that determine a business's success. This implies that you will have to think about your company's strategy from a variety of angles. When viewing it from your customer's point of view, for instance, you should take into account both the price of your product and their demands and preferences. On the other hand, you must take into account your competitors' offerings and how replicable your items are when it comes to development. If you take care of all nine of these things, success will come easily to you. Don't let your costs determine your price.
Keep in mind that your customers only care about a product's value to them; they don't give a damn about how much you had to pay to make it. This is a very basic yet crucial aspect because it explains how to determine your costs. If you price your product based on your own expenses, you'll have problems; if you price it based on the value your buyers place on it, it will sell quickly.
š¤Collaborative Insight for Techies
Value is something a lot of us donāt pay attention to, especially when we ignore it as a part of our jobs. We get paid for producing code, or fixing machines, so we are a really bad judge of the value we and others bring to an organization.
If you look for the and can identify your value to the world, you can grow and do more of the things that are important to those you are serving, whether it be your company, your customer or your friend sand family.
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