If You Miss This Your Company Will Die -Mental Model 064

Inflection Point

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

 

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