Difference between revisions of "Multiplication"
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(Replaced content with "Multiplication Category:mbi Category:Term Category:The Personal MBA") Tag: Replaced |
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| − | Multiplication | + | In [[The Personal MBA|The Personal MBA]] a ''multiplication'' is defined to be [[Duplication|Duplication]] for a whole process or [[System|System]]. Multiplication is what separates small business from large business. Successful companies for multiplication are Ikea, McDonalds and Walmart. |
| + | =Key Points:= | ||
| + | * Multiplication is duplication for an entire process or system. | ||
| + | * There’s an upper limit on what a single business can produce. By creating identical business systems based on a proven model, a business can deliver value to more customers. | ||
| + | * Multiplication is what separates small businesses from huge businesses. | ||
| + | |||
| + | =Questions for Consideration:= | ||
| + | * Can your business multiply as well as [[Duplication|duplicate]]? | ||
| + | * How could you take advantage of multiplication to serve more customers? | ||
| + | |||
| + | Source: http://book.personalmba.com/multiplication/ | ||
[[Category:mbi]] | [[Category:mbi]] | ||
Latest revision as of 20:01, 27 August 2020
In The Personal MBA a multiplication is defined to be Duplication for a whole process or System. Multiplication is what separates small business from large business. Successful companies for multiplication are Ikea, McDonalds and Walmart.
Key Points:
- Multiplication is duplication for an entire process or system.
- There’s an upper limit on what a single business can produce. By creating identical business systems based on a proven model, a business can deliver value to more customers.
- Multiplication is what separates small businesses from huge businesses.
Questions for Consideration:
- Can your business multiply as well as duplicate?
- How could you take advantage of multiplication to serve more customers?
