In this episode, Rupert and Shradha discuss the connection between understanding the work and the value chain of a business. They explain that the value chain is the process of transforming inputs into outputs that generate revenue, and it varies across industries. They also introduce the concept of the hedgehog concept from Jim Collins, which involves being the best in the world at something, being passionate about it, and ensuring it is economically viable. They emphasize the importance of every leader in the organization immersing themselves in understanding their own value chain and how they make money.

Chapters

00:00 Introduction and Question

06:47 Optimizing the Value Chain and Work

11:23 The Role of Organization Design