How to Create a Strategic Plan
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The Cobra Effect; Incentives and Unintended Consequences.
In the annals of governance and public policy, few stories illustrate the law of unintended consequences better than the infamous “Cobra Effect” in India. This cautionary tale offers profound lessons for leaders, especially those at the helm of private equity-backed portfolio companies, where the alignment of incentives is paramount. The story begins with a well-intentioned…
Don’t f**k up the culture
When Peter Thiel invested $150m in Airbnb, the founder asked him, ‘What is the most important piece of advice for us?’ His response – ‘Don’t fuck up the culture…’ When asked to elaborate on this, he said one of the reasons he invested in Airbnb was the culture. But he had a cynical view that it…
The Theory of Winning – Part Three
Last week, I expanded on mental models and explained how you implement decentralised decision-making. This week, I want to concentrate on focus so that your resources have the greatest possible impact. I also want to explain some simple tools that you can implement immediately to help you get more bang for your buck. Surfaces and…
