Action: Finish a business book reading challenge!
3 Key Concepts
- One must do the business study is a highly conceptual and practical subject.
- 5 parts of the business: Value-Creation, Marketing, Sales, Value-Delivery, and Finance.
- Use each concept as a tool; pick the one you need at the time. Do not try to memorize all at once.
The Personal MBA is Where You’re At.
This reading is eye-opening as I am attempting to do both;
1. Educating myself by reading 100 books
2. Taking full-time MBA at university
Josh introduced multiple subjects to real-life businesses. He also claimed, “MBA programs don’t have a monopoly on advanced business knowledge: you can teach yourself.” And I am convinced that one can learn any subject by themselves. This urged me to doubt what the degree would get me.
I think a conventional program is more about the environment, classmates and teachers, country and culture, degree prestige, fixed duration limitation, life at stake (haha), etc. So it makes sense to skip all these perks if your goal is sole “business concepts study.” Same question on whether to do home school. A similar argument to what is the difference between going to a well-known expensive private university and community college, when the curriculum is virtually the same. After all, your local library has more knowledge to offer than you will ever consume.
Away from study program debate…
Josh gave 5 parts of the business that are crucial for a company to be profitable. Of course, one must not do all 5 parts, but one must definitely understand. After I have scratched the surface of each subject in this book, I am excited to dig deep into all the rest throughout my 100 books journey.
MBA should be more personal.
Get this book on Amazon here!
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