Mission – an ultimate goal that is measurable and can be executed upon
Vision – the dream / an aspiration
Strategy – what we need to do
Priorities – in what order do we need to do
Empathy versus Compassion
Empathy: being able to feel the suffering of the person in front of you
Compassion: A more objective form of empathy. Feeling the suffering of the person in front of you and executing upon a plan to alleviate the person’s suffering
Culture
becomes exceedingly important when building a large scale organization as it helps aligns the actions and decision making process of individuals functioning within the organization
A commonly accepted way of doing things
important to find the people that live and breathe the culture when hiring
Increases the speed of making high quality decision
Optimization concerns
Local proximity versus global proximity optimization
an unsolvable problem
clairty of mission and vision is important in managing this problem
At different scales
Preserving optionality – needed to be a good investor
Scaling up – need to define what the core of the company is
As the company goes through the scaling process and becomes a big behemoth a lot of the entrepreneurial DNA will become diluted as roles becomes more specialized. It becomes important to figure out how to continue cultivating this DNA so that the company still has the muscle to catch the next wave of innovation
