In the business world, financial thinking and product thinking are two very different ways of thinking. Product thinking focuses on the product itself, while financial thinking focuses more on the appreciation of assets and value.
Take a dollar as an example, from the perspective of product thinking, it seems that it is only worth a dollar and cannot generate more value. However, with the guidance of financial thinking, a dollar can glow with amazing energy.
Imagine if we thought of a dollar as an investment, and through financial instruments and strategies, the dollar could be broken down, restructured, and then multiplied in value. Just as a capitalist decomposes a hundred dollars and may convert it into a million, a dollar can also become more valuable under the operation of financial thinking.
Let's take a brick-and-mortar store as an example. From the perspective of product thinking, we may focus on the cost, sales volume and target group of the product. However, from the perspective of financial thinking, the store can be broken down into multiple business units, such as the front store and the back store. This splitting not only increases the length of the business chain, but also provides more possibilities for resource integration.
As bosses, we need to have a strong ability to integrate resources and decompose the company's large assets into several business units. The more we split, the stronger our ability to integrate resources. That's why, guided by financial thinking, we are able to make a dollar more valuable.
Financial thinking and product thinking are fundamentally different in business operations. Product thinking focuses on the cost, sales, and target audience of the product, while financial thinking focuses on the appreciation of assets and value. By applying financial thinking, we are able to make a dollar play a greater value and achieve business miracles.