Framework
No money, no plan, no technology — the 3 things that kill a company in excess
Alibaba's internal motto warned that an excess of money, plans, or technology will kill any company. Each becomes a crutch that erodes creativity, adaptability and customer focus.
“there are 3 things that will kill any company if in excess. So if you have an excess of any of these 3 things, it'll kill your company. Money, plans, and technology. That's not what I was expecting. So then he continued to explain that at Alibaba they had this internal motto. No money, no plan, no technology.”
Steal thisTreat abundant cash, rigid plans, and tech-for-tech's-sake as risks, not assets.
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