redistributing. isn t that part of the problem, that s easy for people to understand where the future is difficult for people to understand. the future is unpredictable and in order to deal with it successfully, you ll have to learn, and learning has a lot of constraints. economic growth is the increase of knowledge and the increase of knowledge is learning, and the most widely documented phenomenon in all business is called the learning curve, with every doubling of total sales, you get a 20-30% drop in prices or in costs. and this drop in costs is evident across all industries. documented by of the bain and company and the boston consulting group and all these learning curve-base
researching this very topic and he s here to give us ideas on how we can incorporate some of that founder mentality into our companies, even if the founder is long gone. chris zook is a partner at bain and company and co-head of the firm s global strategy practice for 20 years. also the author of the book founder s mentality. how to overcome the predictable crises of growth. it s so good to see you. thank you so much for having me on, j.j. that statistic was so interesting to me, because as a founder myself, i get it. i care about my company so much. i understand what it means to have a founder around. the work for the founder is mentality, that caused us to go to 40 countries and looked at almost 1,000 companies and hundreds of founders. the statistic you quote is very important, i think, because what we find is something that s incredible to me. 85% of the barriers to growth of companies right now are internal. they re in their control. we found that the great founders that c
around that propels success long after the early days. our next guest has spent years researching this very topic and he s here to give us ideas on how to incorporate some of the founder mentality into our companies even if the founder is long gone. chris zook is a partner at bain and company and co-head of the firm s global strategy practice for 20 years. also the author of the book founder s mentality. it s so good to see you. thank you so much for having me on. that statistic was so interesting to me, because as a founder myself, i get it. i care about my company so much. i understand what it means to have a founder around. the work for the founder is mentality we went to 40 countries and looked at almost 1,000 companies and hundreds of founders, and the statistic you quote is very important, i think, because what we find is something that s incredible to me. 85% of the barriers to growth of companies right now are internal. they re in their control. we found that the great
shannon, good morning to you. the markets could be in for more red arrows as falling oil prices continue to weigh. oil is edging higher after hitting its lowest level in nearly seven years yesterday. there could be pressure today when the government releases its weekly report on u.s. stockpiles. spotify may let some artists release albums only to paid subscribers and reports say spotify is only testing the idea. it comes after cold play decided not to release its new album on spotify, which requires all of the band s music to be available for free. and where s the best place to work? job site glassware.com. airbnb is first followed by bain and company. guidewire, hubspot and facebook. career opportunities, pay and benefits and work/life balance. back over to you. all important things, landon. have a good one. in sports this morning the golden state warriors continued
october. it s a california dream housing market with san jose, san francisco, l.a. and san diego as the four best markets based on rapidly rising home values. denver in fifth with the lowest foreclosure rate. looking for a job? glass door.com unveiled the 50 best places to work. the rankings come from employee surveys. bain and company first, then twitter and linkedin. and the second hobbit movie is projected to earn up to $73 million for the weekend. the day building a play set begins with a surprise twinge of back pain. and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that s handy. [ male announcer ] that s handy. if hey breathing s hard.me, know the feeling? copd includes emphysema and chronic bronchitis.