The Game with Alex Hormozi Strategy 101 | Ep 790
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Nov 13, 2024 Explore the importance of strategic resource allocation for business growth and learn how every member of an organization plays a role in decision-making. Discover frameworks like RICE to prioritize tasks effectively. Delve into how strategic thinking can enhance personal and professional development, emphasizing company culture and communication. Understand the value of asking the right questions to achieve ambitious goals and improve decision-making processes.
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Strategy as Prioritization
- Strategy is prioritizing limited resources against unlimited options.
- Everyone in a company is a strategist, managing different resource levels.
RICE Framework
- Evaluate tasks using the RICE framework (Reach, Impact, Confidence, Expense).
- Prioritize tasks with the highest risk-adjusted return.
Focus on Output
- Focus on output (work = volume x leverage), not input (effort).
- Allocate the best people to the best platforms for higher returns.