LEADERNOMICS
Influencing the World, One Decision at a Time
Lt Col Seung Paik
AF Global Strike Command
Barksdale AFB, Louisiana
Leadership 101:
Making quality decisions, especially in
tough times
Econ 101:
The study of individual decisions amidst
scarce resources / constrained
environment (tough times)
LEADERNOMICS:
Principles 1-10
LEADERNOMICS:
Principles 1-10
1. OPPORTUNITY COST – Keep It Alive
LEADERNOMICS:
Principles 1-10
1. OPPORTUNITY COST – Keep It Alive
2. SUNK COST – Keep It Buried
LEADERNOMICS:
Principles 1-10
1. OPPORTUNITY COST – Keep It Alive
2. SUNK COST – Keep It Buried
3. COMPARATIVE ADVANTAGE –Control Freak
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
6.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
TIME VALUE OF $ -- Time Value of Anything
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
6.
7.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
TIME VALUE OF $ -- Time Value of Anything
RISK V. RETURN – Providing Top Cover
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
6.
7.
8.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
TIME VALUE OF $ -- Time Value of Anything
RISK V. RETURN – Providing Top Cover
EXUBERANT EXPECTATIONS – Manage It
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
6.
7.
8.
9.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
TIME VALUE OF $ -- Time Value of Anything
RISK V. RETURN – Providing Top Cover
EXUBERANT EXPECTATIONS – Manage It
MONOPOLY – Break It Up or Try to Attain
LEADERNOMICS:
Principles 1-10
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
OPPORTUNITY COST – Keep It Alive
SUNK COST – Keep It Buried
COMPARATIVE ADVANTAGE –Control Freak
DIMINISHING RETURNS – You Deleted What?
MARGINAL ANALYSIS – Power of the “Tweak”
TIME VALUE OF $ -- Time Value of Anything
RISK V. RETURN – Providing Top Cover
EXUBERANT EXPECTATIONS – Manage It
MONOPOLY – Break It Up or Try to Attain
COMPETITION – Pushing without Pushing
LEADERNOMICS:
Principles 11-20
11. MARG RATE OF SUB – Balance = Happiness
LEADERNOMICS:
Principles 11-20
11. MARG RATE OF SUB – Balance = Happiness
12. MULTIPLIER EFFECT – Bang for Your Buck
LEADERNOMICS:
Principles 11-20
11. MARG RATE OF SUB – Balance = Happiness
12. MULTIPLIER EFFECT – Bang for Your Buck
13. ECONOMIES OF SCALE – Size Matters
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
16.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
EXTERNALITIES – Internalize (Social Norms)
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
16.
17.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
EXTERNALITIES – Internalize (Social Norms)
PRICE DISCRIMINATION – Max Buy-In / Talent
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
16.
17.
18.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
EXTERNALITIES – Internalize (Social Norms)
PRICE DISCRIMINATION – Max Buy-In / Talent
PRICE VS. VALUE – LV
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
16.
17.
18.
19.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
EXTERNALITIES – Internalize (Social Norms)
PRICE DISCRIMINATION – Max Buy-In / Talent
PRICE VS. VALUE – LV
POS/NORM ECON – Personalize the Impersonal
LEADERNOMICS:
Principles 11-20
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
MARG RATE OF SUB – Balance = Happiness
MULTIPLIER EFFECT – Bang for Your Buck
ECONOMIES OF SCALE – Size Matters
PROD POSS FRONTIER – Inside, On, Beyond
TRAGEDY OF THE COMMONS – Ownership
EXTERNALITIES – Internalize (Social Norms)
PRICE DISCRIMINATION – Max Buy-In / Talent
PRICE VS. VALUE – LV
POS/NORM ECON – Personalize the Impersonal
ONE FINAL INVESTMENT – ETERNAL RTNS!
CONGRATULATIONS!
You just completed LEADERNOMICS 101
Now, Go and Apply, Because …
Others Have to Live w/Your Decisions