“In software speed to market, speed to learning is really key. In hardware if you screw it up you are dead. So accuracy really matters.” IfsMatterKeysSpeedSoftwareScrewsAccuracyHardware Author:Reid Hoffman
“I was never given this advice, people aren't given this advice, focus on growing and maintaining relationships for your network, and that's key. And most of the advice tends to be, you know, discover your strengths, build up your resume, get a title, all of that stuff pales in comparison.” PeopleKnowsGivenStuffFocusGrowingAdviceKeysTitlesComparisonOver YouBe YouPaleMaintainingResumes Author:Reid Hoffman
“The key issue when you're looking at cost cutting is to always plan for the future.” IssuesCuttingPlansKeysCost Author:Reid Hoffman
“Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.” PeopleThinkingKnowsTryingMayTermLevelsRiskStreetsCarKeysAspectManageDrunkJust OneDriversZeroAcceptableVariablesAspects Of Life Author:Reid Hoffman
“Well, well-run companies always have a focus on growth and the two lines, which includes profit. The key thing during, I think, tough times, is to make sure that you've covered the basis for when something, you know, essentially things taking longer, bad luck, adversity, other kinds of circumstances may occur. Make sure that you can monitor to win, it's potentially, you know, something is going to go wrong, monitor early enough, and then take appropriate action to essentially counteract that or shift your strategy or plan, even if in fact something is not working out as well as it is.” IfsThinkingKnowsWellsKindMayTwoEnoughFactsRunningActionWinningGrowthLinesCompanyFocusPlansKeysCircumstancesToughBasesAdversityLuckStrategyProfitWork OutAppropriateCoveredTough TimesBad LuckKey Things Author:Reid Hoffman
“One of the really key things to look at in terms of crafting strategy when you're in an economic crises is how do you maximize essentially your liquidity position? Your ability to both take kind of profits and revenues and business and then convert that into a stronger lead. And so those companies that can do that can actually, you know, get a march on their competitors.” KnowsLooksKindTermCan DoAbilityCompanyEconomicPositionKeysStrongerCrisisStrategyProfitMarchCompetitorsRevenueEconomic CrisisKey ThingsLiquidity Author:Reid Hoffman
“The key thing for all businesses, and especially of course technology businesses or businesses that employ technology as a key kind of strategic advantage, is you always have to be investing in the future.” KindCoursesTechnologyKeysAdvantageInvestingStrategicKey ThingsInvesting In The Future Author:Reid Hoffman
“The key thing is to invest in the future and what that means is when you're deploying technology or you're a technology business, is to make sure that you're keeping on the innovation cycle, where you're both creating and adopting the new business practices, and the new techniques in order to drive your business the right way.” WayMeanOrderPracticeTechnologyKeysCreatingInnovationTechniqueCyclesRight WayAdoptingNew BusinessKey ThingsDeploying Author:Reid Hoffman
“The key thing in any kind of guiding of the business is how do you create a strong organization that is kind of accelerating into the future. And when you're in trouble, the question is, what are the techniques that you can, you know, trim, refinance, sell, et cetera, in order to get this business back to that characteristic.” KnowsKindOrderStrongTroubleKeysOrganizationSellsTechniqueCharacteristicsKey ThingsRefinance Author:Reid Hoffman
“The key thing for a CEO to keep their head in the game is recognize that there's turbulent times, plan for, you know, bad luck as well as good luck, keep people focused on what the key, you know, business wins are, and you know, provide the energy that people always need in order to, you know, to go into battle because, you know, work is hard and go into work and do that well. And provide a good leadership beacon for that. In other words, it's the same thing that makes good leadership in any other time.” PeopleKnowsNeedsWellsHardOrderGamesWinningEnergyPlansKeysBattleLuckFocusedCeoGood LuckBad LuckGood LeaderBeaconsGood LeadershipKey ThingsTurbulent Times Author:Reid Hoffman
“The key thing that I find that when you're kind of in boom times and you're hiring bunches, if you can hire, you know, always maintain very high standards and even if you, you know, can't find enough of, you know, what is typically called A players, then don't hire the people. All right? So, you know, use that as a way of standards.” PeopleIfsKnowsWayKindEnoughUsePlayerKeysStandardsBunchHiringHigh StandardsKey Things Author:Reid Hoffman
“When thinking about how to deploy kind of professional and social networking into your business, it's really not a question of if, it's a question of when. And the reason is, just think about the fact that those businesses that adopt new technologies to operate efficiently and use them to get a competitive edge are the businesses that in fact, you know, it becomes one more competitive advantage. Whether it's a fax machine or a mobile phone or a new way of doing financing or any of these things, you know, these are key things to do.” IfsThinkingKnowsWayKindReasonFactsUseSocialTechnologyKeysAdvantageMachinesPhonesEdgesThings To DoNew WaysMobileNetworkingSocial NetworkingNew TechnologySocial NetworkFinancingCompetitive AdvantageMobile PhonesKey ThingsFaxFax Machines Author:Reid Hoffman
“I think the right way to do this is just to step up and do it, so I actually think we'll see more of that over the next coming weeks, because I think they'll say, "We'd like to be good for business and quiet on politics, but this is too urgent, it is too much of a key crisis in who we are going to become as Americans. We can risk too much, and so we have to step forward." And I think you will see more and more people stepping forward, like Howard Schultz, Steve Case and other folks, in order to try to make a difference in this [Donald Trump] election.” PeopleThinkingWayTryingOrderNextDifferencesStepsCasesToo MuchRiskWeekKeysTrumpQuietElectionCrisisFolksBe GoodWho We AreMaking A DifferenceRight WayUrgentStep UpSteps Forward Author:Reid Hoffman
