Alex Lieberman, Jesse Pujji, and Sophia Amoruso are 3 successful entrepreneurs riffing off on various business frameworks in this episode of The Crazy Ones.
Learnings
‘36 — The Entrepreneurial Operating System:
An idea put forward in the book Traction by Gino Wickman.
Its 6 parts are:
Vision
If you ask all the employees what the vision is, you should get the same answer.
People
Have the right people in the right roles
Data
Manage your business through a scorecard.
Have periodic reports measuring your business’ metrics — acts as a litmus test of how the business is doing.
Issues
Processes
Traction
Vision without traction → Hallucination.
‘38 — The 2 center pawns analogy.
In Chess, 90% of the outcomes can be predicted by what the 2 center pawns do on the board. i.e., those 2 center pawns dictate the outcome of the game.
Similarly, whenever taking any business decision, focus on the 2 center pawns which are key to reaching the goal.