Day #63 Grayleap Reading Challenge #Habits #Citizens #Blitzscaling

Day #63 Grayleap Reading Challenge #Habits #Citizens #Blitzscaling

1) Daizy Patel continues her review of the 7th chapter of the book "Atomic Habits" (Author James Clear

Recap of Law 1 on creating and breaking habits: MAKE IT OBVIOUS?

How to create good habits?

A) Make a scoreboard of your habits and then evaluate yourself?based on that so that you can easily figure out which yeah bits are helping you and which need to be?corrected.

B) Specify the time and location of?doing an activity to create a habit by the use of implementation intention syntax:

I will (behaviour) at (time) in (location).

(C) Using HABIT STACKING by connecting the current activities as cue to build new habits.

“After (current habit), I will (new habit).”

(D) Creating cues around you to practice new activities often so that they become Habits.

How to break a bad habit: Pay attention to removing the possible cues around you so that the craving to perform a certain activity substantially decreases.

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2) Gaganpal Singh begins review of Samaaj, Sarkaar, Bazaar (Author, Rohini Nilekani)

Samaaj, Sarkaar, Bazaar: A Citizen-First Approach, is a compilation of more than ten years of articles, interviews, and speeches by Rohini Nilekani. She shares insights from her three-decades-long career in civil society. She outlines her philosophy of reestablishing the state's and markets' equilibrium by positioning society as the foundational sector.?

I'm eager to read and discuss this collection of essays, covering a wide range of topics, from justice system dysfunction and civic accountability issues?to sustainability difficulties and lessons learned from the COVID-19 pandemic.

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3) Amarendra S. begins his review of Part 3/6 of the book "Blitzscaling" (Author Reid Hoffmann & Chris Yeh)

PART 3: STRATEGY INNOVATION

WHEN SHOULD I START TO BLITZSCALE?

Choosing to blitzscale might look like discarding several "normal rules of business":

  1. careful planning
  2. cautious investment
  3. courteous service
  4. tightly controlled "burn rate" (cash consumption)

The authors state:

"Why would you ever want to pursue such a risky and unintuitive course of action? In a word, speed."

"Lightning speed" becomes an imperative when fast market penetration is essential to "achieve massive outcomes."

This is often required even if the business model still needs to be fully resolved. Scaling a proven revenue model is easy; the real blitzscaling game is when you go for rapid scale without a proven revenue model.

For example, even before its revenue model was proven, Slack spent about $17 million for five years before going public. Then it immediately raised another $43 million when it was still on uproven "freemium" model.?

On the other hand, premature blitzcaling can "kill a nascent market". For example, Webvan's blitzcaling failure kept serious players out of grocery delivery space.

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