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Index
Copyright Dedication Author’s Note Acknowledgments Chapter 1: Business is the exchange of entities to which values have been assigned. Chapter 2: Business is not a single field of endeavor. Chapter 3: Philosophy of business or business philosophy? Chapter 4: Capital is assets in the form of money or “near-money.” Chapter 5: Not all capital is economic. Chapter 6: Functional silos can be dysfunctional. Chapter 7: Business ownership Chapter 8: A stock indicates ownership; a bond is an I.O.U. Chapter 9: The board of directors Chapter 10: How to run a meeting Chapter 11: There are three ways to grow a business. Chapter 12: Don’t just compete in existing markets; anticipate new ones. Chapter 13 Chapter 14: Six degrees of Lois Weisberg Chapter 15: A mission or vision statement that is impossible to disagree with might not be saying much of significance. Chapter 16: Learn an organization’s culture before working with or for it. Chapter 17: The most difficult and time-consuming problems in business are not business problems. Chapter 18 Chapter 19: Most employees want to do good work. Chapter 20: Top-down and bottom-up Chapter 21: Command, consensus, or consultation? Chapter 22: A manager usually should have no more than six to eight workers reporting to him or her. Chapter 23: The party that cares less about the outcome of a negotiation is in the stronger negotiating position. Chapter 24: There’s a trolley every 15 minutes. Chapter 25 Chapter 26: Do your marketing while you’re busy. Chapter 27: Cannibalize your own sales. Chapter 28: Substitutes are competitors. Chapter 29: Targeting the safe middle market is not necessarily a safe marketing strategy. Chapter 30: Free can be part of a successful business model. Chapter 31: Double-entry bookkeeping Chapter 32: Cash versus accrual accounting Chapter 33: Standard accounting reports Chapter 34: Depreciation makes accounting more complex, but more accurate. Chapter 35: In the short term, some costs are fixed and some are variable. In the long run, all costs are variable. Chapter 36: Financial ratios Chapter 37: Use several accounting reports to gauge performance. Chapter 38: Profitable, fast growing companies can be chronically short of cash. Chapter 39: Bankruptcy doesn’t necessarily mean a business ceases to exist. Chapter 40: The price of a stock is an emotional as well as economic projection. Chapter 41: Deflation can be bad for business. Chapter 42: The U.S. government has two primary tools for influencing the level of business activity. Chapter 43: One ad, one message. Chapter 44: Repetition doesn’t make a statement true, but it can make it believable. Chapter 45: Positive and negative feedback loops Chapter 46: The Law of Supply and Demand doesn’t always apply. Chapter 47: There never has been a true barter economy. Chapter 48: Those who say theory “isn’t the real world” don’t understand what theory is. Chapter 49 Chapter 50: Interest rates have three components. Chapter 51: The Rule of 72 Chapter 52: A business buys a copy machine because it needs copies, not because it wants a copy machine. Chapter 53: Customers do not buy a product or service the same way or for the same reason. Chapter 54: A feature is a fact. A benefit is how it helps the customer. Chapter 55: Complaints can be good things. Chapter 56 Chapter 57: Branding Chapter 58: Intellectual property protection Chapter 59: Business development can save municipalities money. Chapter 60: Materials are “free”; it’s everything else that costs money. Chapter 61: Are retailers and wholesalers necessary? Chapter 62: Push and pull Chapter 63: The Internet encourages a long tail business model. Chapter 64: Going green can make more “green.” Chapter 65: An expert isn’t always the person who knows the most. Chapter 66: True experts know more than they know they know. Chapter 67: Promoting the best performer to manager is often a mistake. Chapter 68: Why buy debt? Chapter 69: The higher one rises in an organization, the longer it takes to implement a decision. Chapter 70: The higher one rises in an organization, the more one must be a generalist. Chapter 71 Chapter 72: Good, fast, or cheap: pick two. Chapter 73: If all courses of action appear equal, get more objective information. Chapter 74: The decision tree Chapter 75: A good manager makes imperfect decisions. Chapter 76 Chapter 77: Sacrifice the trivial few for the vital many. Chapter 78: Two views on good management Chapter 79: Tell others the result you need, not how to get it. Chapter 80: When overwhelmed, try doing fewer things, but doing them better. Chapter 81: Obsolete does not always mean useless. Chapter 82: Form, storm, norm, perform. Chapter 83: Risk homeostasis Chapter 84: A statistical correlation does not necessarily mean a cause-effect relationship. Chapter 85: Moral hazard Chapter 86 Chapter 87: Don’t leave the design of your website to the IT department. Chapter 88: Microenterprise Chapter 89 Chapter 90: In retail, know if your business is a host or a parasite. Chapter 91: Good merchandising is theater. Chapter 92: Set prices according to what the customer will pay, not necessarily according to costs. Chapter 93: An effective speaker knows his or her subject, but first seeks to know the audience. Chapter 94: The real purpose of a visual presentation is to get people to listen, not look. Chapter 95: Write it once. Chapter 96: Say it twice. Chapter 97: Running a restaurant well is about more than being a good chef. Chapter 98: Even a one-person business has departments. Chapter 99: Hire your boss. Chapter 100: Some stress is good. A lot of stress is bad. Chapter 101 About the Author
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