8. Economic Thinking for Mental Models

Jeremy Thomas and Myron Weber discuss some way to apply economic thinking techniques to the mental modeling approaches of the Map and Prioritize stages of the 6-Stage Strategy to Execution model.

Key concepts include:

  1. Supply and Demand
  2. Opportunity Cost
  3. Long Term Thinking
  4. Marginal Value

Myron also briefly discusses his 5-stage model: Direction – Selection – Execution – Sustainment and Evaluation.