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Productivity News
Dev
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Is the design pattern so important on application
- A design pattern is a set of methods and development approaches that aid in application development.
- While design patterns are not mandatory, their implementation can simplify development and enhance maintenance.
- Using design patterns can improve code readability, standardization, and architectural abstraction.
- Understanding project needs before selecting a design pattern is crucial for long-term benefits.
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Medium
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The 5E Weekly Framework: A Tool for Clarity, Growth, and Impact
- The 5E Weekly Framework focuses on five key dimensions: Essential, Empowerment, Excellence & Edge, Exploration, and Efficiency.
- The framework helps individuals plan, act, and reflect to make every week count.
- Setting aside 10 minutes at the beginning and end of the week is recommended for reflection, planning, and adjustment.
- A custom GPT assistant is available to assist with brainstorming and working through the 5E dimensions.
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The Beautiful Mess
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TBM 336: Product OS Design Tips and Principles
- Product leaders operate under a product operating system that is implicit in some companies but explicitly designed in others. It involves a dynamic mix of leadership, service design, organizational design, systems thinking, human factors, behaviour design, cultural anthropology, communication design, organizational development, and (even some) game design.
- The product operating system is a designed product platform that includes multi-sided marketplaces that cater to customers, leaders, managers and front-line teams. Success breeds new challenges, so companies must continue to adapt, experiment and solicit feedback to ensure everyone’s alignment.
- Senior leaders should own the operating system. They should be curious about the product operating system and start with rituals that consist of who should interact with whom, how often and toward what end, stating insights, context, tools needed and shared artefacts to make the operation seamless.
- While developing processes, do not take into account every single exception. If you try to cover every specific exception, the stringency of processes becomes too heavy. Design processes to solve problems on the fly, and consider adding clarity and structure to norm exceptions if they happen often enough.
- IKEA effect is real, so teams prefer to be included in designing a solution. Ensure you mix well-trodden approaches with unique twists to avoid making it hard for newcomers to connect.
- Think in terms of consistent interfaces, not consistent processes. Different teams use different approaches, but as long as there is reasonable consistency in other forms of interaction, it should be fine.
- Every team has stubbornness quotas, but do not exceed them. While some teams are stubborn about a certain approach, be open to adjusting if the present approach is no longer effective. Great teams highlight transparency but don’t feed on lone areas of stubbornness that could divide the team.
- Do not rely on templates so much that the real deal is lost. Thinking is more valuable, so encourage everyone to provide their ideas. Create an example repository where you can highlight how different groups achieved the same desired result.
- Making the system work and establishing a habit is like a personal habit, it takes time to stick. It’s important to foster conditions where people can see their job’s value, borrow habits from others and are open to feedback while not feeling underestimated.
- Ensure that the product operating system encourages experimentation, ignores false precision and enhances goal-setting without being over-bureaucratic while enabling constraints and limiting constraints produced some desired outcome and the decisions are made visible.
- Understand that operating systems are a set of constraints. Some are limiting while others are enabling. Enabling constraints provide your team with better situations while limiting constraints make working conditions more challenging.
- Beware of the dependency inflection point. When a company exceeds the dependency tipping point, there’s a need to support new collaboration patterns or suppress dependencies.
- Scaffolds are temporary and should provide structural support when things go wrong. Remove scaffolds once the problems are resolved to avoid normalizing informal communication processes.
- Strike a balance between insiders and newcomers because insiders tend to be habitual and risk-averse while newcomers know nothing about the current processes and need more time to adapt. Endless forms completed by front-line teams lead to reports without bearing reality. They need to know how decision-making is based on the information they fill in.
- Match cycle length to rate of change in market conditions. Focus on the essential work and have a well-formed strategy that evokes coherence sliding to action. Avoid cascading goals that rely on org charts; rather, have relative stable inputs and set goals based on the input.
- Conduct retrospective evaluations on the full history of an effort to better understand the players involved, how they collaborated and what they achieved. Avoid resting goals or strategies on cascading plans that follow org charts which cause work to be too prescriptive.
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Dev
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180
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What Makes You Think You're Too Fat to Make Money?
- Self-doubt and weight should not hold you back from financial success.
- Identify your unique money-making skills and talents.
- Build a sustainable income stream by setting achievable goals.
- Embrace a growth mindset and believe in your ability to succeed.
- Leverage side hustles like freelancing, online courses, e-commerce, and blogging/vlogging.
- Network, attend industry events, and connect with people to create more opportunities.
- Track your progress, analyze, and adjust your strategies.
- Execution is key - start now and believe in your capabilities.
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Dev
3w
0
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How might selfless acts build a profitable business?
- Selflessness and profitability can go hand-in-hand when building a business.
- Successful businesses are built on solving problems and helping people.
- Steps to build a profitable and selfless business include identifying a genuine need, developing a solution, building a community, and giving back.
- Measuring impact and focusing on making a difference are keys to long-term success.
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Dev
3w
153
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Pros and Cons of Ignoring Bills to Get Attention?
- The principle of scarcity and urgency can be applied to your own life to achieve your goals.
- Scarcity and urgency are your best friends in a business.
- Political campaigns, like businesses, require strategy and urgency to capture the attention of voters.
- Stop overthinking and start acting towards your goal.
- The original advice of missing payments is reckless, but the core principle of creating urgency applies directly to your finances.
- Set SMART goals, track your spending and stick to a budget to achieve financial goals.
- Create a sense of urgency with limited-time discounts, promotions, or early bird access.
- Offer premium content or access to a select group of customers to grab attention.
- Don't let your message get lost in the noise. Be direct, be clear, and be concise.
- Every journey starts with a single step. Replace excuses with action.
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Medium
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What is Summitt Partners Capital LTDA’s Investment Strategy?
- Summitt Partners Capital LTDA's investment strategy focuses on diversification to minimize risk and maximize returns.
- The firm employs data-driven decision-making through advanced financial modeling and market analysis.
- Summitt Partners Capital prioritizes sustainability by seeking investment opportunities aligned with environmental, social, and governance (ESG) factors.
- The company's dedicated team of professionals with years of experience ensures clients receive expert guidance throughout the investment process.
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Dev
3w
65
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Boost Your Income: Smart Money Moves to Avoid Costly Mistakes
- Assess your current financial situation by tracking income, expenses, and debts.
- Identify your strengths and opportunities to find your niche.
- Create a realistic business plan with specific goals and actions.
- Master your finances through financial literacy and education.
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Dev
3w
241
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What happens if you don't hug properly?
- The key to success lies in understanding the power of connection, even in something as simple as a hug.
- A genuine hug builds trust, which translates into sales, partnerships, and loyalty in business.
- Mastering the art of a proper hug can enhance confidence and positively impact pitches, negotiations, and networking.
- Transforming online presence by conveying warmth and trust can foster loyalty and customer retention.
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Dev
3w
0
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How can I create a killer business presentation that's more of a show than a speech?
- Nobody wants to sit through another boring business presentation.
- To create a killer business presentation, know your audience and tailor it to their needs.
- Ditch endless slides and use visually compelling elements like images, videos, and interactive polls.
- Master the art of storytelling, inject personality and energy, and practice extensively.
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Dev
3w
201
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What happens when you ignore clear financial problems?
- Ignoring financial problems will only make them bigger and more painful.
- To solve financial problems, define the problem and analyze your finances.
- Create a realistic budget and develop a debt repayment strategy.
- Explore side hustles and invest wisely to grow your wealth.
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12 Likes
Dev
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118
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Make Money Online: Proven Methods to Build Wealth
- This guide provides proven methods to build wealth online.
- Identify your money-making muscle by leveraging your skills and expertise.
- Craft a simple and actionable business plan focused on your niche.
- Build an online presence through a website and social media.
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Dev
3w
83
Image Credit: Dev
How can I build a profitable business by focusing on what truly matters?
- Focus on what truly matters, what will generate income, and what you're genuinely good at.
- Identify your money-making skills and research the market demand.
- Develop a killer business plan, define target market, pricing strategy, and marketing plan.
- Execute your plan, learn from mistakes, and constantly improve. Scale your success when established.
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Dev
3w
272
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Why avoid full price for DFS sofas?
- Ditch the full price tag on DFS sofas and make smarter financial decisions.
- Patience is key: research the model, check reviews, and compare prices.
- Negotiate for better deals, be aware of sales cycles, and leverage bundle discounts.
- Shop around for alternatives and expand your options before making a purchase.
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Dev
3w
215
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What if we organized our business ideas in a circle? How would that impact our success?
- The circular strategy is a practical system to turn business ideas into success.
- Step 1: Visualize your business goals by creating an Idea Circle with smaller steps.
- Step 2: Create compelling content to attract your target audience using the Content Circle.
- Step 3: Organize your finances with the Financial Circle to support growth.
- Step 4: Generate multiple income streams with side hustles using the Side Hustle Circle.
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