“
Business Efficiency has so many benefits. It leads to greater profits, greater internal leverage, less friction….. but it also leads to less waste, less pollution, and a richer harmony with nature.
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Hendrith Vanlon Smith Jr.
“
Social media allows us to behave in ways that we are hardwired for in the first place - as humans. We can get frank recommendations from other humans instead of from faceless companies.
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Francois Gossieaux (The Hyper-Social Organization: Eclipse Your Competition by Leveraging Social Media)
“
As a small businessperson, you have no greater leverage than the truth.
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John Greenleaf Whittier
“
When corporate executives get really excited, they leverage their learnings against comprehension to revolutionize English.
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Tanya Thompson (Red Russia)
“
The profit motive is the most potent source of collective motivation and the most efficient means for society to solve its problems. Anywhere you insert a profit motive - people will self assemble groups, leverage resources, and implement processes all in the effort to satisfy that profit motive.
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Hendrith Vanlon Smith Jr.
“
Most people don't need to be babied through business processes. Most often, what they need is a clear understanding of the objective and access to available resources. From there, they'll leverage their own creative capacity and skillets to ensure that the objective is accomplished.
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Hendrith Vanlon Smith Jr. (Business Essentials)
“
Most people don't need to be babied through business processes. Most often, what they need is a clear understanding of the objective and access to available resources. From there, they'll leverage their own creative capacity and skillsets to ensure that the objective is accomplished.
”
”
Hendrith Vanlon Smith Jr.
“
Crises often come with hidden opportunities. When we approach crises with this awareness, we can look for the opportunities and then leverage them.
At Mayflower-Plymouth, we're here to help your business figure this out, and to provide holistic solutions.
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Hendrith Vanlon Smith Jr.
“
Small wins are exactly what they sound like, and are part of how keystone habits create widespread changes. A huge body of research has shown that small wins have enormous power, an influence disproportionate to the accomplishments of the victories themselves. “Small wins are a steady application of a small advantage,” one Cornell professor wrote in 1984. “Once a small win has been accomplished, forces are set in motion that favor another small win.”4.14 Small wins fuel transformative changes by leveraging tiny advantages into patterns that convince people that bigger achievements are within reach.
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”
Charles Duhigg (The Power Of Habit: Why We Do What We Do In Life And Business)
“
Being a rainmaker will have a direct impact on your bottom line and give you a lot more leverage to help the people you care about most.
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”
Areva Martin (Make It Rain!: How to Use the Media to Revolutionize Your Business & Brand)
“
Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy. —Dale Carnegie
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Jeb Blount (Fanatical Prospecting: The Ultimate Guide to Opening Sales Conversations and Filling the Pipeline by Leveraging Social Selling, Telephone, Email, Text, and Cold Calling (Jeb Blount))
“
...while extraordinary products and unique services still afford a competitive advantage, the one advantage that stands the test of time...is people.
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Mark Salsbury (Human Capital Management: Leveraging Your Workforce for a Competitive Advantage)
“
If a company gambles on leverage, it'll probably go bankrupt on leverage.
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Hendrith Vanlon Smith Jr.
“
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.
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Janet M. Tavakoli (Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization (Wiley Finance))
“
Update a traditional element of your business with social media designs. Facebook, Twitter, and other social media are hot right now, and leveraging their popularity can make your business stand out, be memorable, and seem fresh and up-to-date.
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Anita Campbell (Visual Marketing: 99 Proven Ways for Small Businesses to Market with Images and Design)
“
Leveraging existing resources is innovation’s sweetest play.
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Richie Norton
“
In todays 24/7 media cycles rainmakers are experts were not only visible in the media but who also leverage that media to build revenue, followers and influence
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Areva Martin (Make It Rain!: How to Use the Media to Revolutionize Your Business & Brand)
“
Leverage amplifies risk. So ideally, that risk should be paired with nearly guaranteed future profits.
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Hendrith Vanlon Smith Jr.
“
Small shifts at the appropriate levels can produce greater changes throughout systems. Incentives are strong leverage points because they represent the rules of the system and its boundaries.
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Roger Spitz (Disrupt With Impact: Achieve Business Success in an Unpredictable World)
“
If your business is getting into debt, you gotta ask yourself what is the cost of servicing that debt. Do a simple cost benefit analysis. If the cost of servicing the debt is bigger than the potential profits that the debt will help the business to yield, then that means the business should not take on that debt.
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Hendrith Vanlon Smith Jr.
“
When your company is buying from my company and my company is buying from your company, there's flow. And if a bunch of our companies are doing that, then that flow can be leveraged toward liquidity.
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”
Hendrith Vanlon Smith Jr.
“
The focus should be on becoming a strong and
influential personality – cultivate compelling communication skills, focus on building trust and learn how to expand and leverage your professional network.
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”
Abhishek Ratna (No Parking. No Halt. Success Non Stop!)
“
The genius of niches is they are too small for large competitors, allowing a nimble entrepreneur the breathing room to focus on an underserved audience. Once you’ve succeeded in that niche, you can leverage your success to establish credibility for your business to move into larger markets.
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Rob Walling (Start Small, Stay Small: A Developer's Guide to Launching a Startup)
“
Companies should not gamble with leverage. Companies shouldn't gamble on borrowed money. If a company is going to borrow and leverage other peoples money, it should be going toward something profitable, stable and safe. Executives can't predict the future with any certainty, but they can do their research and due diligence. And they can be methodical and strategic as opposed to reckless.
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”
Hendrith Vanlon Smith Jr.
“
There is one thing that is common to every individual, relationship, team, family, organization, nation, economy, and civilization throughout the world—one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, the strongest character, the deepest love. On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life. Yet, it is the least understood, most neglected, and most underestimated possibility of our time. That one thing is trust.
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”
Stephen M.R. Covey (The SPEED of Trust: The One Thing that Changes Everything)
“
The person who really has the leverage is the person who needs the deal the least.
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”
Patrick Bet-David (Your Next Five Moves: Master the Art of Business Strategy)
“
If you use too much leverage and overplay your hand to maximize your profit from a particular deal, you may win the battle but lose the war.
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Patrick Bet-David (Your Next Five Moves: Master the Art of Business Strategy)
“
By far the biggest leverage point in any business is marketing. If you get 10% better at marketing, this can have an exponential or multiplying effect on your bottom line.
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Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
“
Lousy players, poor leverage. Said another way, business success is highly dependent on who you hire and who you don’t fire.
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”
Keith J. Cunningham (The Road Less Stupid: Advice from the Chairman of the Board)
“
Cities should be leveraging technologies in service to residents as businesses do in service to customers.
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Hendrith Vanlon Smith Jr.
“
Law of the Universe: Nothing happens until something moves. Law of Business: Nothing happens until someone sells something. —Jeb Blount
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Jeb Blount (Fanatical Prospecting: The Ultimate Guide to Opening Sales Conversations and Filling the Pipeline by Leveraging Social Selling, Telephone, Email, Text, and Cold Calling (Jeb Blount))
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Someone else's opinion of you is none of your business!
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”
Rachel Hollis (Girl, Wash Your Face / Life Leverage / How To Be F*cking Awesome / Mindset With Muscle)
“
He loved the idea behind the Chinese concept of guanxi. It fit in the same general category as the concepts of friends, family, acquaintances, but it was more based in business and politics. Guanxi was about being able to call up a person one hadn’t seen in years and ask for a favor. To have enough people in one’s debt that there was more implied leverage to use when seeking favors from others.
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Wildbow (Worm (Parahumans, #1))
“
How to Buy Trustpilot Reviews in 2025
In 2025, online reputation continues to play a crucial role in the success of any business. With consumers relying more heavily on digital platforms to make purchase decisions, websites like Trustpilot have become powerful tools for building credibility and trust. A high rating on Trustpilot can influence potential buyers, improve brand image, and boost sales. However, many businesses struggle to gather authentic reviews from their customers. This is where the option to buy Trustpilot reviews comes in.
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can make the process hassle-free and safe.
Why Trustpilot Reviews Matter in 2025
Consumer Trust – Today’s buyers check reviews before making decisions. A business with poor or no reviews risks losing customers to competitors.
SEO Impact – Trustpilot reviews often appear in Google search results, improving visibility and organic reach.
Brand Reputation – Positive reviews strengthen credibility, while negative reviews can harm a business’s image.
Sales Boost – Companies with better ratings see higher conversions, as social proof drives customer confidence.
Should You Buy Trustpilot Reviews?
The idea of purchasing reviews may sound controversial, but many businesses use it as a strategic marketing tool. Here’s why:
Building reviews organically takes time.
Customers rarely leave feedback unless asked repeatedly.
A few negative reviews can outweigh positive ones if not balanced.
Competitors may already be leveraging paid review strategies.
The key is to do it safely and ethically with a reliable provider.
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”
smmseox
“
Training is, quite simply, one of the highest-leverage activities a manager can perform.
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”
Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
“
Where we've been defines where we'll go. You can't allow your past to define you, but you can leverage it to create a better future!
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Colleen Ferrary Bader
“
Wanna run a killer business? Design it from the start so that it's leverageable, expandable, predictable & financeable - & you're unstoppable.
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Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
“
Managers know what they want most: to be allowed to achieve success by leveraging who they are, not by compromising it.
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Stan Slap
“
You don't need to leverage natural disasters. You don't need to capitalize on civil unrest. You need to be human. It's not always about business.
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Scott Stratten (UnSelling: The New Customer Experience)
“
Capital leveraging is something that takes place in natural ecosystems. For example, the trees leverage capital in service to the birds.
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Hendrith Vanlon Smith Jr.
“
We should leverage uncertainty for the powerful, creativity-inducing variable that it is.
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Kevin G. Bethune (Reimagining Design: Unlocking Strategic Innovation (Simplicity: Design, Technology, Business, Life))
“
Good product managers create collateral, FAQs, presentations, and white papers that can be leveraged by salespeople, marketing people, and executives.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
“
In business, it's very important to protect your businesses income! Because a business with no income is not really a business at all. As long as the business has income - even if margins are slim, you can find a way to cut expenses, improve cash flow and improve it's profitability. Tight cash flow can be better leveraged than no cash flow. But if you make choices that jeopardize or forefeit the income, because you're frustrated with slim margins, then you forfeit that opportunity. Work with those slim margins while you work on widening them.
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Hendrith Vanlon Smith Jr.
“
You might also be wondering how the Obama administration thought they would get away with this disaster. I think their intention was simply to blame insurance companies when people started seeing their health insurance plans canceled. Liberals excel at vilifying the business sector, and the more they can demonize private-sector insurers, the more leverage they believe they will have for continuing to move toward the Holy Grail of the left that Ronald Reagan warned against in 1961—a single-payer, government-funded, socialized health-care system.
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Ted Cruz (A Time for Truth: Reigniting the Promise of America)
“
Tom looked at St. Vincent. “I assume the editor at the Chronicle refused to divulge the writer’s identity?”
St. Vincent looked rueful. “Categorically. I’ll have to find a way to pry it out of him without bringing the entire British press to his defense.”
“Yes,” Tom mused, tapping his lower lip with a fingertip, “they tend to be so touchy about protecting their sources.”
“Trenear,” Lord Ripon said through gritted teeth, “will you kindly throw him out?”
“I’ll see myself out,” Tom said casually. He turned as if to leave, and paused as if something had just occurred to him. “Although … as your friend, Trenear, I find it disappointing that you haven’t asked about my day. It makes me feel as if you don’t care.”
Before Devon could respond, Pandora jumped in. “I will,” she volunteered eagerly. “How was your day, Mr. Severin?”
Tom sent her a brief grin. “Busy. After six tedious hours of business negotiations, I paid a call to the chief editor of the London Chronicle.”
St. Vincent lifted his brows. “After I’d already met with him?”
Trying to look repentant, Tom replied, “I know you said not to. But I had a bit of leverage you didn’t.”
“Oh?”
“I told him the paper’s owner would dismiss him and toss him out on the pavement if he didn’t name the anonymous writer.”
St. Vincent stared at him quizzically. “You bluffed?”
“No, that is what the business negotiations were about. I’m the new owner. And while the chief editor happens to be a staunch advocate for freedom of the press, he’s also a staunch supporter of not losing his job.”
“You just bought the London Chronicle,” Devon said slowly, to make certain he hadn’t misheard. “Today.”
“No one could do that in less than a day,” Ripon sneered.
Winterborne smiled slightly. “He could,” he said, with a nod toward Tom.
“I did,” Tom confirmed, picking idly at a bit of lint on his cuff. “All it took was a preliminary purchase agreement and some earnest money.
”
”
Lisa Kleypas (Chasing Cassandra (The Ravenels, #6))
“
The sixth and final iteration of the R6 Resilience Change Management Framework℠ represents the very engine of endurance, a pivotal juncture where the cyclical practice of adaptation is either perpetuated for continuous health or leveraged for revolutionary transformation. This is the phase where resilience is no longer an objective but becomes an ingrained organizational discipline.
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Hendrith Vanlon Smith Jr. (GAME CHANGR6: An Executives Guide to Dominating Change, by applying the R6 Resilience Change Management Framework)
“
The marches in Albany concentrated on city hall where they had little leverage and no votes. “All of our marches in Albany,” said Martin, “were to the city hall trying to make them negotiate, where if we had centered our protests at the businesses in the city, [we could have] made the merchants negotiate. And if you can pull them around, you pull the political power structure because the political power structure listens to the economic power structure.
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Donald T. Phillips (Martin Luther King, Jr., on Leadership: Inspiration and Wisdom for Challenging Times)
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The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage, accounting gimmickry, etc.) and not the achievement of consistent gains in earnings per share. In our view, many businesses would be better understood by their shareholder owners, as well as the general public, if managements and financial analysts modified the primary emphasis they place upon earnings per share, and upon yearly changes in that figure.
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Warren Buffett
“
Defeating fear of otherness means knowing who you are and what you’re trying to accomplish and leveraging that otherness to our benefit. Knowing I’d never be invited into smoke-filled rooms or to the golf course, I instead requested individual meetings with political colleagues where I asked questions and learned about their interests, creating a similar sense of camaraderie. In business, I take full advantage of opportunities afforded to minorities but then always offer to share my learning with other groups that have similar needs—expanding the circle rather than closing myself off. Like most who are underestimated, I have learned to over-perform and find soft but key ways to take credit. Because, ultimately, leadership and power require the confidence to effectively wield both.
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Stacey Abrams (Lead from the Outside: How to Build Your Future and Make Real Change)
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Engaged in a new form of serfdom---only bound now to banks and mortgage lenders instead of to lords---her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to “freeze” their mortgage rates where they are before a scheduled adjustment hits.
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Douglas Rushkoff (Life Inc.: How the World Became a Corporation and How to Take it Back)
“
Small wins are a steady application of a small advantage,” one Cornell professor wrote in 1984. “Once a small win has been accomplished, forces are set in motion that favor another small win.”4.14 Small wins fuel transformative changes by leveraging tiny advantages into patterns that convince people that bigger achievements are within reach.4.15
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Charles Duhigg (The Power Of Habit: Why We Do What We Do In Life And Business)
“
Most people in bad times cut corners in the most treacherous way imaginable—by downsizing human or intellectual capital, the real asset of most businesses today. That is a mistake. You can find no greater upside-leveraging tools than the energy, passion, intelligence, connections, and entrepreneurial spirit of the human beings you surround yourself with.
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Jay Abraham (The Sticking Point Solution: 9 Ways to Move Your Business from Stagnation to Stunning Growth In Tough Economic Times)
“
Operationally, a business can be improved in only three ways: (1) increase the level of sales; (2) reduce costs as a percent of sales; (3) reduce assets as a percentage of sales. The other factors, (4) increase leverage or (5) lower the tax rate, are the financial drivers of business value. These are the only ways a business can make itself more valuable. Buffett
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Jeremy C. Miller (Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor – The Value Investing Framework for Discipline and Success)
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Yet as one senior administration official noted to me, 'People who blithely say that we'd win a trade war because China obviously couldn't sustain the damage caused by cutting off their goods are just naive and silly.' Any significant trade restrictions the United States imposed on China would swiftly lead to an equally harmful retaliation on the United States. That is why the most effective lobbyists against tariffs on Chinese goods are American companies that buy from China, do business in China, or have ventures with Chinese firms. So as Obama's outburst [of 'I need leverage!' to staff on a visit to Asia in 2011] underscored, the form of leverage threatened most often by Washington politicians looking for an easy applause line actually offers little leverage at all.
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David E. Sanger (Confront and Conceal: Obama's Secret Wars and Surprising Use of American Power)
“
In the competitive world of digital marketing, converting prospects into loyal customers is the ultimate goal for any business. CallTrack.AI emerges as a revolutionary tool in this quest, leveraging the power of artificial intelligence to transform the lead generation process. How CallTrack.AI redefines the approach to capturing and nurturing leads, ultimately leading to higher conversion rates and a robust customer base?
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David Smithers
“
Books. Sure. But mostly I build interest. Attention. Allure. A book is just packaging, just a container. This is what I’ve realized. The mistake people in the book business make is they think their job is to build good containers. Saying you’re in the book business is like a winemaker saying he’s in the bottle business. What we’re actually building is interest. A book is simply one shape that interest can take when we scale and leverage it.
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Nathan Hill (The Nix)
“
There are so many great reasons to devote all of your time and effort to taking and marketing listings. The Millionaire Real Estate Agent grasps the incredible advantages of making, obtaining, and marketing seller listings their primary lead-generation focus, and they do so almost exclusively. Over time, they will hire one or more buyer specialists to work the buyer side of the business and concentrate their energy on the high-return, high-leverage business of listings.
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Gary Keller (The millionaire real estate agent)
“
Mark opens the meeting by talking admiringly about what he calls “street fighter tactics” that Uber is employing against politicians around the world and how successful they’ve been. I’d thought there was a general agreement that Facebook didn’t use these underhand tactics and we certainly didn’t admire them. Uber weaponizes their drivers and riders, creating strikes, protests, and transportation chaos, forcing authorities to the table. They’re sponsoring the soccer teams of the children of key Brazilian senators responsible for decisions that impact their business, insisting on having UBER plastered across their kids’ uniforms. They propose compiling opposition research on journalists. It’s dirty. But what becomes clear the more Mark speaks is that not only does he not judge what Uber is doing, he’s judging us for not doing it. Mark believes Facebook could have a lot more leverage with politicians than Uber ever could, and we’re failing him by not using these tactics.
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Sarah Wynn-Williams (Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism)
“
our home is not our refuge; God is our refuge. We nurture life in the face of death and leverage our homes for gospel work. For those whose hope is in the coming kingdom, our homes are less like retreats and more like a network of foxholes for planning and hosting kingdom advances into this present darkness. Our homes are centers of hospitality to show strangers and neighbors the light of Christ. And they are equipping centers for traveling ambassadors to help them on their way to doing the King’s business.
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Gloria Furman (Missional Motherhood: The Everyday Ministry of Motherhood in the Grand Plan of God (The Gospel Coalition))
“
How has my industry raised prices at this rate without improving the product? At a few elite institutions, including NYU, we’ve leveraged scarcity. More than a business strategy, it’s become a fetish—believing you are a luxury brand instead of a public servant. Ivy Leagues have acceptance rates of 4–10%. A university president bragging about rejecting 90% of applicants is tantamount to a homeless shelter taking pride in turning away 90% of the needy that arrive each night. And this is not about standards or brand dilution. In an essay explaining his decision to stop conducting application interviews for his alma mater, Princeton, journalist Bryan Walsh observed, “The secret of elite college admissions is that far more students deserve to attend these colleges than are admitted, and there is virtually no discernible difference between those who make it and the many more who just miss out.” In support, he offered this statement from Princeton’s own dean of admissions: “We could have admitted five or six classes to Princeton from the [applicant] pool.”4 So, with a $26 billion endowment, the question becomes, Why wouldn’t you?
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Scott Galloway (Post Corona: From Crisis to Opportunity)
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Why is networking not working? My answer is simple. Many business owners don’t have a system in place to leverage their networking. Their time, effort and money spirals down the drain because they lack follow up. Instead of returning to your office, checking the email, and losing that business card in a graveyard box of business cards, continue connecting with your new acquaintance. One basic tip: Connect on social media within two days of meeting them. Personalize your message to them reminding them where you met. When you add this step, watch as your network expands exponentially.
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Lisa A. Mininni
“
Training is, quite simply, one of the highest-leverage activities a manager can perform. Consider for a moment the possibility of your putting on a series of four lectures for members of your department. Let’s count on three hours preparation for each hour of course time—twelve hours of work in total. Say that you have ten students in your class. Next year they will work a total of about twenty thousand hours for your organization. If your training efforts result in a 1 percent improvement in your subordinates’ performance, your company will gain the equivalent of two hundred hours of work as the result of the expenditure of your twelve hours.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
“
Everything that is wrong with the inner cities of America that policy can affect, Democrats are responsible for: every killing field; every school that year in and year out fails to teach its children the basic skills they need to get ahead; every school that fails to graduate 30 to 40 percent of its charges while those who do get degrees are often functionally illiterate; every welfare system that promotes dependency, condemning its recipients to lifetimes of destitution; every gun-control law that disarms law-abiding citizens in high-crime areas and leaves them defenseless against predators; every catch-and-release policy that puts violent criminals back on the streets; every regulation that ties the hands of police; every material and moral support provided to antipolice agitators like Black Lives Matter, who incite violence against the only protection inner-city families have; every onerous regulation and corporate tax that drives businesses and jobs out of inner-city neighborhoods; every rhetorical assault that tars Democrats’ opponents as “racists” and “race traitors,” perpetuating a one-party system that denies inner-city inhabitants the leverage and influence of a two-party system. Democrats are responsible for every one of the shackles on inner-city communities, and they have been for 50 to 100 years. What
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David Horowitz (Big Agenda: President Trump's Plan to Save America)
“
Because every extraordinary business knows that when you intentionally build your business around the skills of ordinary people, you will be forced to ask the difficult questions about how to produce a result without the extraordinary ones. You will be forced to find a system that leverages your ordinary people to the point where they can produce extraordinary results over and over again. You will be forced to invent innovative system solutions to the people problems that have plagued small businesses (and big businesses as well!) since the beginning of time. You will be forced to build a business that works. You will be forced to do the work of Business Development not as a replacement for people development but as its necessary correlate.
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Michael E. Gerber (The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It)
“
Stupid Screenwriter Tricks - However clever we think we are, sometimes we go too far in our enthusiasm. We are creative people and think everyone will get it - well, they don't. Stunts don't work. Lame attempts to get attention don't work. Here are some other don'ts: Don't package yourself in a big crate and mail yourself to William Morris. Don't take out a full-page advertisement in Variety with your picture and phone number with the slogan: Will Write for Food. Don't have your picture taken with a cut-out photo of your favorite movie star and send to him autographed with the phrase: We should be in business together! And whatever you do, don't threaten to leap off the Hollywood sign as leverage to get someone to read your screenplay. It's been done, babe, it's been done.
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Blake Snyder (Save the Cat: The Last Book on Screenwriting You'll Ever Need)
“
A regulator's greatest fear is the sequential collapse of hedge funds, banks, and brokerages. That process is hard to spot and even harder to stop.
...
There are two sides to every trade. In a crash there can be just as many winners as losers. The problem arises when the losers go out of business. At that point the winners can't collect so they become losers too. It's as if you were a big winner at roulette and went to the cashier to collect your winnings only to find the cashier window closed and the casino had just filed for bankruptcy. All you have left is a pocketful of worthless chips. At that point, even the market winners can fall into financial distress. Because of leverage, total losses can exceed the size of the market itself. It's like a minefield. Banks running from panic start stepping on mines.
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James Rickards (MoneyGPT: AI and the Threat to the Global Economy)
“
The same thing, notes Brynjolfsson, happened 120 years ago, in the Second Industrial Revolution, when electrification—the supernova of its day—was introduced. Old factories did not just have to be electrified to achieve the productivity boosts; they had to be redesigned, along with all business processes. It took thirty years for one generation of managers and workers to retire and for a new generation to emerge to get the full productivity benefits of that new power source. A December 2015 study by the McKinsey Global Institute on American industry found a “considerable gap between the most digitized sectors and the rest of the economy over time and [found] that despite a massive rush of adoption, most sectors have barely closed that gap over the past decade … Because the less digitized sectors are some of the largest in terms of GDP contribution and employment, we [found] that the US economy as a whole is only reaching 18 percent of its digital potential … The United States will need to adapt its institutions and training pathways to help workers acquire relevant skills and navigate this period of transition and churn.” The supernova is a new power source, and it will take some time for society to reconfigure itself to absorb its full potential. As that happens, I believe that Brynjolfsson will be proved right and we will start to see the benefits—a broad range of new discoveries around health, learning, urban planning, transportation, innovation, and commerce—that will drive growth. That debate is for economists, though, and beyond the scope of this book, but I will be eager to see how it plays out. What is absolutely clear right now is that while the supernova may not have made our economies measurably more productive yet, it is clearly making all forms of technology, and therefore individuals, companies, ideas, machines, and groups, more powerful—more able to shape the world around them in unprecedented ways with less effort than ever before. If you want to be a maker, a starter-upper, an inventor, or an innovator, this is your time. By leveraging the supernova you can do so much more now with so little. As Tom Goodwin, senior vice president of strategy and innovation at Havas Media, observed in a March 3, 2015, essay on TechCrunch.com: “Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening.
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Thomas L. Friedman (Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations)
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A classic LBO works this way: An investor decides to buy a company by putting up equity, similar to the down payment on a house, and borrowing the rest, the leverage. Once acquired, the company, if public, is delisted, and its shares are taken private, the “private” in the term “private equity.” The company pays the interest on its debt from its own cash flow while the investor improves various areas of a business’s operations in an attempt to grow the company. The investor collects a management fee and eventually a share of the profits earned whenever the investment in monetized. The operational improvements that are implemented can range from greater efficiencies in manufacturing, energy utilization, and procurement; to new product lines and expansion into new markets; to upgraded technology; and even leadership development of the company’s management team.
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What is a “pyramid?” I grew up in real estate my entire life. My father built one of the largest real estate brokerage companies on the East Coast in the 1970s, before selling it to Merrill Lynch. When my brother and I graduated from college, we both joined him in building a new real estate company. I went into sales and into opening a few offices, while my older brother went into management of the company. In sales, I was able to create a six-figure income. I worked 60+ hours a week in such pursuit. My brother worked hard too, but not in the same fashion. He focused on opening offices and recruiting others to become agents to sell houses for him. My brother never listed and sold a single house in his career, yet he out-earned me 10-to-1. He made millions because he earned a cut of every commission from all the houses his 1,000+ agents sold. He worked smarter, while I worked harder. I guess he was at the top of the “pyramid.” Is this legal? Should he be allowed to earn more than any of the agents who worked so hard selling homes? I imagine everyone will agree that being a real estate broker is totally legal. Those who are smart, willing to take the financial risk of overhead, and up for the challenge of recruiting good agents, are the ones who get to live a life benefitting from leveraged Income. So how is Network Marketing any different? I submit to you that I found it to be a step better. One day, a friend shared with me how he was earning the same income I was, but that he was doing so from home without the overhead, employees, insurance, stress, and being subject to market conditions. He was doing so in a network marketing business. At first I refuted him by denouncements that he was in a pyramid scheme. He asked me to explain why. I shared that he was earning money off the backs of others he recruited into his downline, not from his own efforts. He replied, “Do you mean like your family earns money off the backs of the real estate agents in your company?” I froze, and anyone who knows me knows how quick-witted I normally am. Then he said, “Who is working smarter, you or your dad and brother?” Now I was mad. Not at him, but at myself. That was my light bulb moment. I had been closed-minded and it was costing me. That was the birth of my enlightenment, and I began to enter and study this network marketing profession. Let me explain why I found it to be a step better. My research led me to learn why this business model made so much sense for a company that wanted a cost-effective way to bring a product to market. Instead of spending millions in traditional media ad buys, which has a declining effectiveness, companies are opting to employ the network marketing model. In doing so, the company only incurs marketing cost if and when a sale is made. They get an army of word-of-mouth salespeople using the most effective way of influencing buying decisions, who only get paid for performance. No salaries, only commissions. But what is also employed is a high sense of motivation, wherein these salespeople can be building a business of their own and not just be salespeople. If they choose to recruit others and teach them how to sell the product or service, they can earn override income just like the broker in a real estate company does. So now they see life through a different lens, as a business owner waking up each day excited about the future they are building for themselves. They are not salespeople; they are business owners.
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The first thing the researchers noticed, as they began crawling through all that data, was that the firm’s most productive workers, its superstars, shared a number of traits. The first was they tended to work on only five projects at once—a healthy load, but not extraordinary. There were other employees who handled ten or twelve projects at a time. But those employees had a lower profit rate than the superstars, who were more careful about how they invested their time. The economists figured the superstars were pickier because they were seeking out assignments that were similar to previous work they had done. Conventional wisdom holds that productivity rises when people do the same kind of tasks over and over. Repetition makes us faster and more efficient because we don’t have to learn fresh skills with each new assignment. But as the economists looked more closely, they found the opposite: The superstars weren’t choosing tasks that leveraged existing skills. Instead, they were signing up for projects that required them to seek out new colleagues and demanded new abilities. That’s why the superstars worked on only five projects at a time: Meeting new people and learning new skills takes a lot of additional hours.
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Charles Duhigg (Smarter Faster Better: The Secrets of Being Productive in Life and Business)
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When I started in real estate, despite high ambition, I was constrained by the same 24 hours as everyone else. My early success came from a grueling schedule, long hours, and the high price of near burn-out. In self-defense, I devised a system that featured direct marketing in place of traditional prospecting plus a highly effective team, with all the non-rainmaker tasks delegated to them. This took me to the top of the profession, twice #1 in RE/MAX worldwide in commissions earned, and 15 years as one of the top agents—working less hours than most. While an active agent, I consistently sold over 500 homes a year, even while starting and developing a second business, training and coaching more millionaire agents than any other coach. Without the inspiration of Dan Kennedy’s direct marketing methods and his extraordinary, extreme time-management philosophy, these achievements simply would not have been possible. LEVERAGING yourself, by media in place of manual labor, and with other people is very intimidating to most real estate agents and to most small businesspeople. It frankly is not easy to get right, but it is the quantum leap that uniquely and simultaneously lifts income and supports a great lifestyle. —CRAIG PROCTOR, CRAIGPROCTOR.COM
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This man is someone for whom the world isn’t a mystery. The world is a boulder, but it has levers and he knows when and where and how to apply just the right amount of force, and it moves for him, while my father and I, pushing up against it, don’t have any angle, any torque, no grip or traction or leverage. My father thinks success must be in direct proportion to effort exerted. He doesn’t know where or how to exert the least amount for the most gain, doesn’t know where the secret buttons are, the hidden doors, the golden keys. He thinks that, even if you have a great idea, there have to be trials and tribulations, errors and failures, a dark night of the soul, a slog, a time in the desert, a fallow period, a period of quiet, a period of silent and earnest and frustrated toiling before emerging, victorious, into the sunshine and acclaim. My father makes to-do lists, makes plans, makes business plans. This is how he starts, always with a blank sheet of graph paper. We make bullet points. We identify the key areas we need to research further. We try to figure out how to research those areas. We work in a vacuum. We work in his study. We ponder. We stare at our feet. We stare at the ceiling. We talk to each other, create a world, create a tiny, artificial, formal space, on a blank sheet of paper, where we can imagine rules and principles and categories and ideas, all of which have absolutely nothing to do with the actual world out there.
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Mark Haddon
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giving performance reviews is a very complicated and difficult business and that we, managers, don’t do an especially good job at it. The fact is that giving such reviews is the single most important form of task-relevant feedback we as supervisors can provide. It is how we assess our subordinates’ level of performance and how we deliver that assessment to them individually. It is also how we allocate the rewards—promotions, dollars, stock options, or whatever we may use. As we saw earlier, the review will influence a subordinate’s performance—positively or negatively—for a long time, which makes the appraisal one of the manager’s highest-leverage activities.
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Andrew S. Grove (High Output Management)
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Small wins fuel transformative changes by leveraging tiny advantages into patterns that convince people that bigger achievements are within reach.
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Charles Duhigg (The Power of Habit: Why We Do What We Do in Life and Business)
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Jack’s secret is not just to reward people for their profit contribution in the “great game of business.” It’s to put real numbers right in workers’ faces so they make better decisions every minute, every day, for every customer. I would go one step further, and maybe Jack already has. I would give employees a minor share in the overall company, but I would also then use software to measure each individual’s or team’s contributions after fair overhead allocations and direct costs. This would mean the back-line “servers” have fair revenue recognition of their efforts on behalf of the front-line “browsers” who actually serve the end customers. Is this not possible in a light-speed world of software and business metrics? We need more real business leaders and visionaries like Jack Stack, not BS Wall Street leverage artists or old-line corporate managers who merely streamline their top-down management systems while their workers wait for their unfunded retirement and death. And we need real educators, like Neil deGrasse Tyson, who can make science understandable to everyday people. Most of all, we need people to love what they do so much that they won’t even think of retiring at age 63 or 65 or even 75. They’re so productive and happy that they don’t worry about a retirement that doesn’t make sense to them anymore, though it’s there if they have health challenges. They’re too busy satisfying their customers and creating new businesses to contemplate life without that fulfillment. They’re so focused on what they do that they’re like the champion basketball player who’s totally “in state” and one with his process. They’re certainly not bored or waiting to retire and do nothing!
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Harry S. Dent (Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage)
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star performers will leave no matter what. The best people are constantly looking for more opportunity, more challenge, more accomplishment. The only question is whether you will leverage your best talent to create career-long connections that provide ongoing payback via new opportunities for business transactions, talent acquisition, and investment deals.
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Sydney Finkelstein (Superbosses: How Exceptional Leaders Master the Flow of Talent)
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Understanding the concept of value, leverages the ability to strategically maximize on the gains from the right resources.
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Wayne Chirisa
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Businesses should free themselves from dogma, especially when leveraging data to build a business. No one got very far living out other people’s thinking.
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Damian Mingle
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Todo.ly is an online to-do list and task manager. The founders had a goal to reach millions of new users and make Todo.ly widely available as a web application. They succeeded in securing a partnership with Google Chrome and were able to leverage their 200 million user database to help them achieve their one-year growth goal in just three weeks: ● 1000% increase in average daily traffic ● 780% increase in user base ● 400,000 new tasks each month The key was that the Chrome platform was brand new and the Todo.ly application was submitted three to four months prior its launch date. As the Todo.ly app was exactly what Google was looking for to add to the Chrome Webstore, they have contacted the founders and asked for an integrated two clicks login through Google OpenID. Todo.ly has implemented that and became featured from day one. There was a huge marketing campaign around the Chrome Webstore, TV spots, prints, and press conference. Peter Varadi, the founder of Todo.ly, shared his advice based on his personal experience: “Look for new waves of technology, new platforms that are expected to be used by a massive number of people and try to be on that platform as one of first.” In Todo. ly case, it was clearly visible that Chrome had 200 million users already and when they launched their webstore, they would obviously put it front of all their users. Google needed web apps to fill their webstore for the launch and they opened the app submission process a few months earlier. That was a timely opportunity for Todo.ly to jump in. What could be your new wave and chance?
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Donatas Jonikas (Startup Evolution Curve From Idea to Profitable and Scalable Business: Startup Marketing Manual)
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Ethereum’s network with its underlying blockchain went live on July 30, 2015. While much development energy had gone into creating the Ethereum software, this was the first time that miners could get involved because there was finally a blockchain for them to support. Prior to this launch, Ethereum was quite literally suspended in the ether. Now, Ethereum’s decentralization platform was open for business, serving as the hardware and software base for decentralized applications (dApps). These dApps can be thought of as complex smart contracts, and could be created by developers independent of the core Ethereum team, providing leverage to the reach of the technology.
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Chris Burniske (Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond)
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references to a few clear and simple strategic priorities, to the importance of building culture and developing talent, and to leveraging a few core capabilities.
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Rita Gunther McGrath (The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business)
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A related theme is to leverage external resources to the extent that you can, rather than trying to complete an ecosystem all by yourself.
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Rita Gunther McGrath (The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business)
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One promising way of redefining the meaning of ‘economist’ is to look to those who have gone beyond new economic thinking to new economic doing: the innovators who are evolving the economy one experiment at a time. Their impact is already reflected in the take-off of new business models, in the proven dynamism of the collaborative commons, in the vast potential of digital currencies and in the inspiring possibilities of regenerative design. As Donella Meadows made clear, the power of self-organisation—the ability of a system to add, change and evolve its own structure—is a high leverage point for whole system change. And that unleashes a revolutionary thought: it makes economists of us all. If economies change by evolving, then every experiment—be it a new enterprise model, complementary currency or open-source collaboration —helps to diversify, select and amplify a new economic future.
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Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
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For an entrepreneur to be successful he should invariably possess 3 P's Passion, Patience and Perseverance, leveraging which he has to accomplish the fourth P i.e the Performance.
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Kishorkumar Balpalli
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IA not only makes transaction processes more efficient, but it also generates log files for every action, creating transparency and ease of compliance. Machine learning leverages the digital information created by these programs to recognize predictive patterns and project trends.
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Pascal Bornet (INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human)
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In conclusion, smaller companies with a limited budget might opt for open source platforms. Larger, more established, and more demanding companies would typically go with a commercial platform, enabling them to connect their different applications under the same roof. Companies with high growth objectives should leverage scalable cloud-based platforms.
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Pascal Bornet (INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human)
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As emphasized in the critical success factors related to “Management support, vision, governance, and structure” earlier in this section, a leading practice to secure support from management is to provide a high-level estimation of the benefits expected from the transformation. This is often referred to as a “high-level automation assessment” or a “top-down automation assessment”. For example, such an estimation might show that, by leveraging IA, the organization has the potential to increase revenue by 20% while reducing costs by 30% in the coming 18 months.
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Pascal Bornet (INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human)
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Leveraging the support from consulting and delivery partners (they can be the same) is critical for gaining the right momentum in the organization with minimum investment.
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Pascal Bornet (INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human)
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Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
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Eric Jorgenson (The Almanack of Naval Ravikant: A Guide to Wealth and Happiness)
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Role Modeling and Meaningful Mentors Given the importance of socialization in leadership education and the power of analogue to organize people's approaches, one important facet of training the next generation of impact investors is to celebrate role models. Historically business schools have exposed students to leading businesspeople who have exemplified a model life in which their business success was followed by a retirement enriched by charity work. Now the increasing popularity on business school campuses of impact investing pioneers is offering an alternative model for students to follow. Schools that recognize the importance of mentoring and role modeling will need to identify additional opportunities to expose students to similarly forward-looking role models. Beyond the charismatic entrepreneurs, role models can also come from the leaders of networks, standard-setting bodies and other industry-builders who will increasingly represent high-leverage leadership in the impact investing industry's next phase.
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Antony Bugg-Levine (Impact Investing: Transforming How We Make Money While Making a Difference)