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Frameworks (Scales (Low, mid, high-end mkts (Fight for middle in China…

- - - - Why?
        
        Low end wants to upgrade but lacks deep know-how
        
        High-end cannot meet price pts at low-end
- - - - Chinese: Deflecting praise
        
        差得远呢
        
        你不嫌弃
        
        过奖了，我的中文还有很大的进步空间
      - Western: Accepting it, praise other person
        
        Are you looking at the mirror or at me
        
        Yes, the genie granted my wish
        
        Look who's talking
        
        Ask why?
        
        What do you particularly like about my ...?
        
        Share more about who helped me or how much effort I put in
        
        I really enjoyed it
        
        I'm glad it worked out so well
        
        I'm happy to help
        
        That really means a lot
        
        I appreciate you noticing it, no one has before
        
        Thank you for saying that I'm a great... That's about the nicest thing you can say to a ...
      - Mind-oriented v.s. virtue-oriented
      - Reviewers from China extremely critical, US positive & encouraging
- - - - Chinese gov has to cap price for essential drug list to maintain affordability for lower income
- - - - Single steep peak reps superior strategy
      - Complex systems in both fields have random landscapes of peaks & troughs, not STATIC
      - Fog of future: so many variables in play
        
        visibility in volatile markets
    - - Evolutionary search never sits still, genes subject to mutation & recombination
        
        Cultivate evolving pop of strategies
        
        Expeditions should always be on move to find new directions upwards
        
        Parallelism: Never have entire expedition exploring same region
        
        Devote resources to riskier experiments further afield as they contained seeds of success in unimaginable future
        
        Create options/open up new choices
        
        Option value
        
        Use VC metrics, not just profitability & ROI
        
        3Ms: Market acceptance, Market Cap, Milestone meetings