On Adaptability

On Adaptability

Matt Watkinson

27/03/2020 6:33PM

Episode Synopsis "On Adaptability"

An un unscripted monologue on adaptability. It's a bit on the long side — one take, no editing! — so if you'd like to jump to a specific section you can:   1:00 - The current adaptability crisis  3:45 - Why adaptability matters    6:38 - Cash is reality  8:30 - How much cash do you need?  10:25 - Cash and employee experience   11:50 - The virtue of frugality 14:00 - Price optimization and sacrificing volume  15:20 - Cutting costs to build cash reserves  17:45 - Free cash flow - what it is and why it matters  21:10 - Working capital and freeing up cash  24:30 - Cost structures and their link to adaptability  29:00 - Do you have the right cost structure?   30:50 - Don’t trust people with high fixed costs!  33:40 - Capacity management and slack in the system   37:00 - The relationship between growth and complexity   42:00 - Never let the past look more appealing than the future  44:00 - Reframe challenges as opportunities  45:00 - Get started on the next thing earlier than you think

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