The Personal MBA 10th Anniversary Edition
Kaup valmöguleikar
The 10th anniversary edition of the bestselling foundational business training manual for ambitious readers, featuring new concepts and mental models: updated, expanded, and revised. Many people assume they need to attend business school to learn how to build a successful business or advance in their career. That's not true. The vast majority of modern business practice requires little more than common sense, simple arithmetic, and knowledge of a few very important ideas and principles.
The Personal MBA 10th Anniversary Edition provides a clear overview of the essentials of every major business topic: entrepreneurship, product development, marketing, sales, negotiation, accounting, finance, productivity, communication, psychology, leadership, systems design, analysis, and operations management. . . all in one comprehensive volume. Inside you'll learn concepts such as: The 5 Parts of Every Business: You can understand and improve any business, large or small, by focusing on five fundamental topics.
The 12 Forms of Value: Products and services are only two of the twelve ways you can create value for your customers. 4 Methods to Increase Revenue: There are only four ways for a business to bring in more money. Do you know what they are? Business degrees are often a poor investment, but business skills are always useful, no matter how you acquire them. The Personal MBA will help you do great work, make good decisions, and take full advantage of your skills, abilities, and available opportunities--no matter what you do (or would like to do) for a living.
Nánar um bókina
- Penguin US
- 9780593418208
- 9780525543022
- ePub
- 0
- Josh Kaufman
- English
- 2020-09-01
- 100
Kaflar
- Cover
- Praise for THE PERSONAL MBA 10TH ANNIVERSARY EDITION
- Title Page
- Copyright
- Dedication
- Contents
- Key Terms
- A Note to the Reader
- Preface to the 2020 Edition
- Introduction: Why Read This Book?
- You Don’t Need to Know It All
- No Experience Necessary
- Questions, Not Answers
- Mental Models, Not Methods
- My Personal MBA
- A Self-Directed Crash Course in Business
- The Wheat and the Chaff
- The Personal MBA Goes Global
- Munger’s Mental Models
- Connecting the Dots
- For the Skeptics
- Should You Go to Business School?
- Three Big Problems with Business Schools
- Delusions of Grandeur
- Your Money AND Your Life
- Breaking Out the Benjamins
- What an MBA Will Actually Get You
- Where Business Schools Came From
- In Search of Distribution
- Playing with Fire
- No Reason to Change
- The Single Benefit of Business Schools
- I Owe, I Owe—it’s Off to Work I Go
- A Better Way
- What You’ll Learn in This Book
- How to Use This Book
- 1. Value Creation
- The Five Parts of Every Business
- Economically Valuable Skills
- The Iron Law of the Market
- Core Human Drives
- Social Status
- Ten Ways to Evaluate a Market
- The Hidden Benefits of Competition
- The Mercenary Rule
- The Crusader Rule
- Twelve Standard Forms of Value
- Form of Value #1: Product
- Form of Value #2: Service
- Form of Value #3: Shared Resource
- Form of Value #4: Subscription
- Form of Value #5: Resale
- Form of Value #6: Lease
- Form of Value #7: Agency
- Form of Value #8: Audience Aggregation
- Form of Value #9: Loan
- Form of Value #10: Option
- Form of Value #11: Insurance
- Form of Value #12: Capital
- Hassle Premium
- Perceived Value
- Modularity
- Bundling and Unbundling
- Intermediation and Disintermediation
- Prototype
- The Iteration Cycle
- Iteration Velocity
- Feedback
- Alternatives
- Trade-offs
- Economic Values
- Relative Importance Testing
- Critical Assumptions
- Shadow Testing
- Minimum Viable Offer
- Incremental Augmentation
- Field Testing
- 2. Marketing
- Attention
- Receptivity
- Remarkability
- Probable Purchaser
- Preoccupation
- Levels of Awareness
- End Result
- Demonstration
- Qualification
- Point of Market Entry
- Addressability
- Desire
- Visualization
- Framing
- Free
- Permission
- Hook
- Call to Action
- Narrative
- Controversy
- Reputation
- 3. Sales
- Transaction
- Trust
- Common Ground
- The Pricing Uncertainty Principle
- Four Pricing Methods
- Price Transition Shock
- Value-Based Selling
- Education-Based Selling
- Next Best Alternative
- Exclusivity
- Three Universal Currencies
- Three Dimensions of Negotiation
- Buffer
- Persuasion Resistance
- Reciprocation
- Damaging Admission
- Option Fatigue
- Barriers to Purchase
- Risk Reversal
- Reactivation
- 4. Value Delivery
- Value Stream
- Distribution Channel
- The Expectation Effect
- Predictability
- Quality
- Quality Signals
- Throughput
- Duplication
- Multiplication
- Scale
- Accumulation
- Amplification
- Barrier to Competition
- Force Multiplier
- Systemization
- Triage
- 5. Finance
- Profit
- Profit Margin
- Value Capture
- Sufficiency
- Valuation
- Cash Flow Statement
- Income Statement
- Balance Sheet
- Financial Ratios
- Cost-Benefit Analysis
- Four Methods to Increase Revenue
- Pricing Power
- Lifetime Value
- Allowable Acquisition Cost
- Overhead
- Costs: Fixed and Variable
- Incremental Degradation
- Breakeven
- Amortization
- Purchasing Power
- Cash Flow Cycle
- Segregation of Duties
- Limited Authorization
- Opportunity Cost
- Time Value of Money
- Compounding
- Leverage
- Hierarchy of Funding
- Bootstrapping
- Return on Investment
- Sunk Cost
- Internal Controls
- 6. The Human Mind
- Caveman Syndrome
- Performance Requirements
- The Onion Brain
- Perceptual Control
- Reference Level
- Conservation of Energy
- Guiding Structure
- Reorganization
- Conflict
- Pattern Matching
- Mental Simulation
- Interpretation and Reinterpretation
- Motivation
- Inhibition
- Status Signals
- Status Malfunction
- Loss Aversion
- Threat Lockdown
- Cognitive Scope Limitation
- Association
- Absence Blindness
- Contrast
- Scarcity
- Novelty
- 7. Working with Yourself
- Akrasia
- Monoidealism
- Cognitive Switching Penalty
- Four Methods of Completion
- Most Important Tasks
- Goals
- States of Being
- Habits
- Priming
- Decision
- Five-Fold Why
- Five-Fold How
- Next Action
- Externalization
- Self-Elicitation
- Thought Experiment
- Parkinson’s Law
- Doomsday Scenario
- Excessive Self-Regard Tendency
- Confirmation Bias
- Hindsight Bias
- Performance Load
- Energy Cycles
- Stress and Recovery
- Testing
- Mystique
- Hedonic Treadmill
- Comparison Fallacy
- Locus of Control
- Attachment
- Personal Research and Development
- Limiting Belief
- Malinvestment
- The Necessity of Choice
- The Arrival Fallacy
- 8. Working with Others
- Power
- Comparative Advantage
- Communication Overhead
- Importance
- Safety
- The Golden Trifecta
- Reason Why
- Commander’s Intent
- Earned Regard
- Bystander Apathy
- Planning Fallacy
- Forcing Function
- Referrals
- Clanning
- Convergence and Divergence
- Social Proof
- Authority
- Commitment and Consistency
- Incentive-Caused Bias
- Modal Bias
- Attribution Error
- The Mind-Reading Fallacy
- Boundary Setting
- The Principle of Charity
- Option Orientation
- Management
- Performance-Based Hiring
- 9. Understanding Systems
- Gall’s Law
- Flow
- Stock
- Slack
- Constraint
- Feedback Loop
- Autocatalysis
- Environment
- Selection Test
- Entropy
- Uncertainty
- Change
- Interdependence
- Counterparty Risk
- Second-Order Effects
- Externality
- Normal Accidents
- 10. Analyzing Systems
- Deconstruction
- Measurement
- Key Performance Indicators
- Garbage In, Garbage Out
- Tolerance
- Variance
- Analytical Honesty
- Context
- Sampling
- Margin of Error
- Ratio
- Typicality
- Correlation and Causation
- Norms
- Proxy
- Segmentation
- Humanization
- 11. Improving Systems
- Intervention Bias
- Optimization
- Refactoring
- The Critical Few
- Diminishing Returns
- Progressive Load
- Friction
- Automation
- The Paradox of Automation
- The Irony of Automation
- Standard Operating Procedure
- Checklist
- Process Overhead
- Cessation
- Resilience
- Fail-safes
- Stress Testing
- Scenario Planning
- Exploration / Exploitation
- Sustainable Growth Cycle
- The Middle Path
- The Experimental Mind-set
- Not “The End”
- Acknowledgments
- Appendix A. How to Continue Your Business Studies
- Appendix B. Forty-Nine Questions to Improve Your Results
- Notes
- Index
- About the Author