"A state where a positive or negative feedback loop is feeding on itself and accelerating from it’s own momentum. How it’s useful Flywheels are a related concept to feedback loops, but are important for managing platforms and marketplaces. For example, imagine you
"When building a product, don’t bank on a second version ever shipping. Make sure the first version is a complete product because it may be out there forever. When software was sold on shelves, teams had to live with version 1 forever.
Warren Buffett, aka the "Oracle of Omaha,“ is not only pretty wealthy, but also a master in time management, focus setting, and priority management. It is said that one day Buffett asked his pilot to draft a list with the 25 most
Dwight Eisenhower was the 34th President of the United States and was highly productive over decades of his life. His most famous productivity strategy is known as the Eisenhower Matrix which is a rather simple decision-making tool that you can use without
SMART is a mnemonic acronym, giving criteria to guide in the setting of objectives, for example in project management, employee-performance management and personal development. Ideally speaking, each corporate, department, and section objective should be: Specific – target a specific area for improvement;
"A situation where there is little to lose and lots of gain by shipping something fast. HOW IT'S USEFUL Freerolls typically emerge in product when the current user experience is so bad that by making any reasonable change based on intuition is
One of my favorite ones. KISS is an acronym for "Keep it simple, stupid" as a design principle noted by the U.S. Navy. The KISS principle states that most systems work best if they are kept simple rather than made complicated; therefore
"Pairing your Key Performance Indicators (KPIs) with metrics you don’t want to see go in a certain direction, to ensure you’re focused on healthy growth. How it’s useful Teams often choose KPIs that directly reflect the positive outcomes they’re looking for, without
"You will learn the most about the customer after you launch the product, don’t waste the opportunity to build on those learnings. Everything is a hypothesis until customers are using the product at scale. While what your team invests in “pre-launch learning” — the
Our education systems, way of life, and even the business world is not geared toward questions. Moreover, we often tend to address topics in a superficial manner by asking questions which rather test and reward knowledge (mostly using closed questions) than stimulating