😂🔗 Ah, the "usual" is indeed wrong... and those 11 directors are probably still stuck in the stone age of corporate thinking 🕰️. The Business Equation is a game-changer! I need to dive into that ASAP. Thanks for sharing your annotations, it's like you're giving me a heads-up on how not to get stuck in the same trap as most boards 🚨. Can't wait to read more about John's insights and learn from his expertise! 💡
🔗 The Case for the Executive Chair
I annotated this in the middle of 2024 with the intention to share, it’s pretty damming.
"Only one or two directors on the typical 11-member board say they understand industry economics and how the company makes money. Two or three say they have little or no understanding."
Exactly in line with my observations - failure to understand leads to a focus on history, compliance and not losing - because they don’t even understand how to grow and win.
🖇️ You might not be surprised to learn that I have a fix. It’s called The Business Equation https://readwise.io/reader/shared/01j4005qwfhypc6md2wm2r1kfq https://documents.philpin.com/about-john/the-usual-is-wrong
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