Except for a few times where things really went south and he lost his temper (which in a way is also a way to be transparent), I never saw him treat people a specific way based on who they were.
The image above is a screenshot of my CEO’s calendar. It contains business as well as personal events. He always saves it all up under his company email, so everybody can see what he was up to on the general google calendar.
It’s not a rule to not pay yourself when you start a company. This will depend on the financial health of your project, but in many cases, you won’t see a lot of money coming into your checking account during the launch phase. In the case of my CEO, he didn’t make a dime for the first 2 years at his job. He is the founder and CEO, he created his company from the ground up, and he had no option but to reinvest all the money made into further development, at least in the beginning.
I think we’d all agree that brand matters, and indeed the invention of powerful brands did change competition. But it might be a little too easy to think competition actually has changed forever. And we can see Thompson falling into the novelty trap by asserting things like “the internet has made transaction costs zero” — a sentence that would make any serious economist howl with laughter.
(The graph would be even more persuasive with power requirements figured in. All reviewers have noted that the M1 chips use significantly less power, thus extending battery life.)
If you plan on gifting someone with one of these brand-name inkjets, also give them a double supply of ink cartridges, which will cost your three-times as much as the printers themselves.
Here is the danger: If you think competition is all about brands and buzz (in the 1890s) or Thompson’s aggregation theory (right now), you might end up overlooking all of the other strategies and factors that could also lead to a lasting advantage. Consider Amazon. Thompson says that “the internet has made distribution (of digital goods) free.” But, as implied, that hasn’t made the distribution of physical goods free. And that is why a company like Amazon can, and has, gained a major advantage by building up a large physical infrastructure (warehouses), not unlike a steel producer in the 20th century, and strongly relying on a loyalty program (Prime). So, it turns out Amazon’s competitive advantage isn’t all about the fact that “on the internet everything is just zero marginal bits.”
Here’s my send-up of aggregation theory: Imagine this is the 1920s and we were speaking of the invention of brand advertising, and someone says, “whichever brand has the most people attracting it will create a buzz that further favors the winner. Hence, traditional metrics of competition are out the window.”
Entry-level computers with a minimum of an Intel Core i5 CPU, 8 GB of RAM, and integrated graphics can handle web sites, work, and productivity tasks (but not high-end gaming and pro-level work). Or look for an entry-level tablet (iPad, Samsung Galaxy Tab, a 10-inch Amazon Fire) with a keyboard accessory
Cheers to Apple for making good on its promise and asserting itself in the PC world, but does it matter to Intel? Conventional wisdom tells that while the new Apple Silicon Macs will intrude on the edge of the PC market, the Santa Clara company’s x86 architecture, which commands more than 90% of desktops and laptops, and even more of the high-margin server market, will continue to dominate.
I do not recommend any computer, even a Chromebook, with a Celeron or Intel Core i3 CPU and less than 64 GB of storage. This HP 11.6 in model looks enticing, but the screen size alone (I don’t even think it’s a touch screen) is barely larger than a tablet.
This $199.99 55-inch Hisense 4K TV is a reminder that you shouldn’t pay more than $400 for any sub-60-inch 4K TV. Just remember that sub $500 big screen 4K TVs are probably thicker and heavier than their pricier counterparts.
For some some confidential business meetings, he made sure to set the settings to not display the title of the meeting and/or the attendees. But again, you can never be 100% transparent, especially as the company keeps growing and you’re looking at a potential acquisition. Information can’t leak.
This Dell tower (for those who think an awesome gift is a tower PC)is a bit more attractive thanks to the 1 TB of storage space, but marrying an Intel Core i3 to just 4GB of RAM is a recipe for pokey performance. If your aim is teaching someone patience while they wait for the computer to open web sites and complete tasks, then well done.
- To deal with the little minutiae, the tiny steps, you lock into the present moment for a length of time you can handle, no matter how small. Then, you do it the next day. Get a streak going — a
- In early 2019, the company made an unprecedented commitment to data quality and formed a comprehensive plan to address the organizational and technical challenges we were facing around data. Airbnb le
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