{"id":556,"date":"2021-05-28T05:04:18","date_gmt":"2021-05-28T05:04:18","guid":{"rendered":"https:\/\/deepika-gprakash.com\/?p=556"},"modified":"2021-06-16T17:16:51","modified_gmt":"2021-06-16T17:16:51","slug":"strategy-rules","status":"publish","type":"post","link":"https:\/\/deepika-gprakash.com\/?p=556","title":{"rendered":"Strategy Rules"},"content":{"rendered":"\n<p>Book notes from Strategy Rules &#8211; five timeless lessons from Bill Gates, Andy Grove and Steve Jobs<\/p>\n\n\n\n<ol class=\"has-normal-font-size wp-block-list\"><li>Look forward to develop a vision for the future; reason back to set boundaries and priorities<\/li><li>Look forward to anticipate customer needs; reason back to match with capabilities<\/li><li>Four things visionaries excel at: i) anticipate competitors moves ii) anticipate industry inflection point iii) committing to a vision and staying the course (despite initially weak products and other disappointments along the way) iv) Learning from history<\/li><li>Build platforms and ecosystems &#8211; not just products. Goal to build industry wide platforms that bring together a broad ecosystem of partners engaged in complimentary product and service innovation<\/li><li>Make big bets without betting the company<ul><li>Bet big to change the game<\/li><li>Don&#8217;t bet the company &#8211; timed and segmented their biggest bets to mitigate the risks at any one time<\/li><li>Cannibalize your own business &#8211; microsoft deciding to build a dos killer i.e, windows, ipod -> iphone.     Control the pace of cannibalization.<\/li><li>Cut your losses: All too often failure leads to paralysis and a stubborn refusal to admit past mistakes. Visionaries understood the importance of cutting their losses and moving forward. Example: <ul><li>Steve job&#8217;s decision to abandon Apple&#8217;s most successful product to build a GUI <\/li><li>Changing the strategy of iPhone to include 3rd party apps. If Jobs stuck to his initial decision of not allowing 3rd party apps, the iPhone would have been doomed to a small niche<\/li><\/ul><\/li><\/ul><\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Book notes from Strategy Rules &#8211; five timeless lessons from Bill Gates, Andy Grove and Steve Jobs Look forward to develop a vision for the future; reason back to set boundaries and priorities Look forward to anticipate customer needs; reason back to match with capabilities Four things visionaries excel at: i) anticipate competitors moves ii) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-books"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=556"}],"version-history":[{"count":8,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/posts\/556\/revisions"}],"predecessor-version":[{"id":595,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=\/wp\/v2\/posts\/556\/revisions\/595"}],"wp:attachment":[{"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deepika-gprakash.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}