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JBT'S RL #5: Growing your network, trading sovereignty, Digital Sam Walton

JBT'S RL #5: Growing your network, trading sovereignty, Digital Sam Walton
By Jordan Thibodeau • Issue #5 • View online
Hi Tribe,Chris Fralic bestows some wisdom on how to grow your network. He even gives a nod to iron law of double opt in introductions :).  While the movement for California’s secession from the union has failed, Steven Press
While the political movement for California’s secession from the union has failed, Steven Press provides us with the quick history on how sovereignty can be bought and sold. It will be interesting to see how this plays out with Elon’s ambitions for Mars.
Jeff Bezos is pretty much the digital Sam Walton. Besides low prices, Sam was notorious for visiting his competitors stores and applying their new ideas to his business model. He had an obsession for low prices, but he was driven to figure out ways to constantly improve his business for his customers. While Walmart has stumbled in its ways, Jeff Bezos has applied Sam’s mentality with Amazon. For Sam and Jeff, it wasn’t about the money, something else drives them.
According to Sam, “Here’s the thing: money never has meant that much to me, not even in the sense of keeping score. If we had enough groceries, and a nice place to live, plenty of room to keep and feed my bird dogs, a place to hunt, a place to play tennis, and the means to get the kids good educations – that’s rich…”Keep reading,- JBT

“‘I’ve seen people overstate their credentials because they were put on the spot, or blindly target every executive in a room because they figured they should,’ he says. ‘This rarely leads to long-lasting relationships.’ If you want to connect with someone professionally to move your goals forward, you need to know exactly why you care about that person or their company. And you need to know how to articulate it succinctly. Everyone seems to have a story about a cold call miraculously turning into a career-making breakthrough. This doesn’t happen by magic. It happens because your sincerity is clearly powered by diligent preparation.”
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“This is not just a US phenomenon either. Within the last century, Mexico, Japan, Mauritius, Nicaragua, Pakistan, Oman, Djibouti, Ethiopia, the Seychelles, Kyrgyzstan, Afghanistan, Chile and Peru have taken or given money in exchange for the transfer of jurisdiction over certain inhabitants in a given territory. Often these territories are overseas bases, but they need not be. In 2011, China agreed to increased investment in Tajikistan in exchange for sovereignty over 1,000 square km of territory in the Pamir Mountains, including some 5,000 inhabitants.”
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“A common example is process as proxy. Good process serves you so you can serve customers. But if you’re not watchful, the process can become the thing.
This can happen very easily in large organizations. The process becomes the proxy for the result you want. You stop looking at outcomes and just make sure you’re doing the process right. Gulp. It’s not that rare to hear a junior leader defend a bad outcome with something like, "Well, we followed the process.” A more experienced leader will use it as an opportunity to investigate and improve the process. The process is not the thing. It’s always worth asking, do we own the process or does the process own us? In a Day 2 company, you might find it’s the second.“
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Jordan Thibodeau

This list has been deprecated, you can find the new list here: www.getrevue.co/profile/InvestorsTherapy. Your weekly dose of 3 timeless articles that will make an impact in your life for years to come. Topics include: actionable career advice, free chapters from New York Time's best selling books, interviews with TED speakers, and info on what's going on in the world without the jargon. All of this content is free, but if you would like to support me, feel free to make a donation via patreon at www.patreon.com/jbt

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