Instant MBA 100: 9

Rapid Review Of Instant MBA 1-5 here.

Instant MBA 6 (here). Forget time, focus on decisions. And these are typically investment ones; ones in which you are working ON your business. Improving skills, reflecting on strategy and building future business pipelines.

Instant MBA 7 (here): Differentiation. Get big, get niche or get out. Your business must be different otherwise it will resort to the only 'difference' it has: lower and lower prices which is clearly a slippery slope to disaster.

Instant MBA 8 (here): Access a Thought Leader. "A company surrenders today's business when it gets smaller faster than it gets better. It surrenders tomorrow's business when it gets better without getting different" Hamel & Prahalad: Competing For The Future

Instant MBA 9: Make Profit. Six ways to boost profit: (1) Adjust prices upwards by understanding price elasticity (2) Manage costs down and out (3) Measure what makes you money and focus on those areas (4) Train people to do things well (5) Add value and charge for it. (6) Outsource standardised non-skilled processes.

Resources

Instant MBA, the book

Brilliant at the Basics of Business 100, the book