Day #46 Grayleap Reading Challenge #Sikhs #12Weeks #Blitzscaling
1) Gaganpal Singh continues his review of the book "The Sikhs" (Author Patwant Singh)
Harmandir Sahib (Golden Temple) one the most revered of all Sikh shrines, before 1984 carnage, was plundered and pillaged not once but three times during 18th century. Every time it fell to Afghan/Mughal butchers and bigots, Sikhs brave hearts rose the reclaim the pious place.?
The cracks in Sikhs surge during 18th century stemmed from betrayals and bitter infighting within the Sikh ranks, all too frequently engineered by the British.?
The situation changed in 19th century, which witnessed a period of flowering under Ranjit Singh. This was followed by two decisive wars with British merchants, and the inevitable sunset of the magnificent Sikh empire thereafter.
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2) Rajesh Madan reviews the 18th chapter of the book "The 12 Week Year" (Author Brian P. Moran with Michael Lennington)
Chapter 18 - Taking Ownership
In this chapter the authors list down the actions to create greater accountability in life
1. Resolve never to be the victim again: Focus on the things you can control. Accountability is first a mind-set, then an action.
2. Stop feeling sorry for yourself: It’s okay to be disappointed and sad when things don't go your way, but don't let that linger and turn into self-pity.
3. Be willing to take different actions: If you want something you don’t currently have, you need to do something you’re not currently doing.
4. Associate with “Accountables”: Nurture relationships with people who are accountable.
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3) Amarendra S. continues his review of Part 2/6 of the book "Blitzscaling" (Author Reid Hoffmann & Chris Yeh)
Growth Factor #4: Network Effects
So far we have discussed the first 3 growth factors - Market Size, Distribution and Gross Margin. To sustain high growth and build a lasting valuable business, there is a fourth factor in play.
From the latter 1990s to 20 years later, the name of the most valuable companies has seen a big shift. In 1996, the biggest names were GE, Royal Dutch Shell, Coca Coal, NTT and ExxonMobil.?
By 2017, the topmost players are Apple, Google, Microsoft, Amazon and Facebook. Welcome to the Networked Aged!
NYSU Prof Arun Sudararajan has identified five categories of network effects:
1) Direct Network Effects: More Usage increase value like most Social Media apps.
2) Indirect Network Effects: Usage leads to third party consumption like iOS, Android.
3) Two-sided Network Effects: Impact two set of users like - Uber, Airbnb.
4) Local Network Effects: Local advantages in networks like those provided by wirless carriers.
5) Compatibility And Standards: Tech push to specific formats like MS Word.
Tomorrow let us dig deeper into network effects.
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