Priority Inversion

Some things are easier to automate than others, and while the automated process is generally cheaper to perform than the not automated equivalent, it usually requires some up front investment. This leads to a disparity in what tasks get automated.

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Xi Jinping Thought

In an airport today I saw an ad for the second collected notes on the Chinese system of government by Xi Jinping. I appreciate there is a purpose to this kind of writing beyond sharing actual principles of governance, but the idea of a sitting leader describing their governing principles is an interesting one.

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Specialisation

I read an excellent book some years back, Specialization & Trade by Arnold King that reframed the basic economic principles around those to factors, and the ladder of progress they created. It’s a compelling argument that I (think!) I’ve largely internalised, but in terms of a practical experience, I continually underestimate the power and effectiveness of proper specialisation. 

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Brand

A good brand can increase the value of a product. Aswath Damosaran I recall used the example of Coca Cola’s margins being significantly higher  than that of a Canadian soft drinks producer as being driven by the power of the brand. Companies invest significant time and money in their brand, even well outside of FMCG, because of the sustainable, defensible advantage that comes with a strong brand. 

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