personal MBA

Pricing Uncertainty Principle

States that all prices are arbitrary , malleable, and set by executive decision rather than fixed natural law.

Cognitive Bias

Bias cognitiv, distorsiune cognitiva, prejudecata. O tendinta sistematica de a interpreta informatiile intr’un anumit fel. O inclinatie care ne influenteaza judecata, adesea fara sa ne dam seama.

Persuasion resistance

When a prospect senses that someone is trying to convince or compel them to do smth they are not sure about. Like in a sale scenario when a customers steps back from the conversation

MVP minimum viable product

Is the simplest, most basic version of a new product that contains just enough core features to satisfy early users and test a business idea with minimum efort and risk.

Disruptive innovation

Creating breakthrough new products

Sustaining innovation

Creating incremental improvements to existing products and serving existing customers

Metcalfe’s law

states that the financial value or influence of a telecommunications network is proportional to the square of the number of connected users (n²).