If You Miss This Your Company Will Die -Mental Model 064
The point on a curve where the direction of the curvature changes.
Example: In business, inflection points are infrequent events that result in a significant change in the current developmental course of a person, company, or even an industry.
Andy Grove, Intel’s cofounder, described a strategic inflection point as an event that changes the way we think and act:
“The competitive marketplace and a person’s place in it are dynamic and constantly evolving. In the midst of dramatic change and upheaval, one cannot always distinguish the actual turning points that delineate the ‘new normal.’”
Wisdom: “In a chronically leaking boat, energy devoted to changing vessels is more productive than energy devoted to patching leaks.” —Warren Buffett