worksheet 1 (ID #302)

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1)Look at (as mentioned in class and Porters article) the 2x2 matrix dealing with exit and entry barriers. What is the best combination? Why?

2) Exit barriers…think deep on emotional barriers…have you ever been blindsided by emotions and not data? Think about the Winner?Loser? app I mentioned in class, would you trust my app or your gut?

tell me more.....hmmmmmmm....this will be enlightening...

3) Explain per Porter and Porter only...economies scale vs scope…

4) Ok....You nailed the last question...let us apply it...then tell me about economies of Scale and Scope per the article on Data Centers from the McKinsey app: Text

5) Ask Perplexity - What is the problem with perfectionism?

yes paste the answer you got from Perplexity.

6) Ask Perplexity - What is a “Black Swan Event”?

Yep...you will need this knowledge going further in Strategy?

What have barriers…have

7)Substitutes - tell me 10 substitutes for a “car” - (psst also….what jobs does a car do? - give me ten (ten) be creative - very creative)

Yep...this is a prep question...for more insights later in class....

8) What is the key problem with a Porters Analysis in 2025 vs when it was developed in the 1970's?

HINT: The key word that must be in your answer can be found here: https://youtu.be/4BgF7Y3q-as?si=Em7YVVlksqWFA441

9) Back to my comments in class on "don't have a relationship with a coder" what is the theme of this podcast?

Hint: Watch: https://podcasts.apple.com/us/podcast/how-ai-coding-agents-will-change-your-job/id1236907421?i=1000706971794 Yes...this is a "Black Swan" question...

The answer to our final question is a four letter word...What does Warren Buffett do that on whole you don't...even though it is the answer to success....

Smile....

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