The Weekly Minute - June 9, 2023

It’s been a wild week - especially in the golf world, with a stunning deal between the PGA Tour and Saudi-backed LIV Golf. 

What I Read

• What Is the Growth Share Matrix? (via BCG) 

• The growth share matrix is, put simply, a portfolio management framework that helps companies decide how to prioritize their different businesses. It is a table, split into four quadrants, each with its own unique symbol that represents a certain degree of profitability: question marks, stars, pets (often represented by a dog), and cash cows. By assigning each business to one of these four categories, executives could then decide where to focus their resources and capital to generate the most value, as well as where to cut their losses.

  1. Stars: High-growth products or business units with a large market share. They have the potential to generate substantial profits and should be invested in to maintain their growth and market leadership.

  2. Cash Cows: Mature products or business units with a high market share in a low-growth market. They generate stable cash flows and require minimal investment. Profits from cash cows can be used to support other products or business units.

  3. Question Marks: Products or business units with a low market share but in a high-growth market. They require significant investment to increase their market share and turn them into stars or divest if they cannot achieve market leadership.

  4. Dogs: Low-growth products or business units with a low market share. They do not generate substantial profits and should be either divested or managed for cash flow generation.

  5. In using the Growth-Share Matrix, businesses can allocate resources effectively, prioritize investment opportunities, and optimize their overall performance.

• Don't Let Good Ideas Get Away (via Range Widely)

• Rachell Ingalls, an overlooked writer, was known for carrying a notebook and jotting down her thoughts. She stored these scraps of paper in a bag until she was ready to write. Despite her talent, her novella "Mrs. Caliban" didn't gain much attention until it was republished in 2017 after a film with similarities, "Shape of Water," won an Oscar.

• Ingalls believed in drawing inspiration from various sources like film, theater, and opera, which fueled her appetite for stories. Other writers, such as psychologist Adam Alter, science writer Steven Johnson, and Dan Pink, also keep repositories for their ideas, whether in the form of a document or a spark file, to spark creativity and save interesting concepts for future projects.

• Jimmy Dunne, the Architect of the PGA Tour-LIV Golf Deal, Lays Out the Details (via SI) 

  • Jimmy Dunne, a member of the Tour policy board, reached out to Yasir Al-Rumayyan, the governor of Saudi Arabia's Public Investment Fund (PIF), to discuss a potential partnership a couple months ago. Dunne flew to England to meet with Al-Rumayyan, and later had another meeting in Italy with PGA Tour commissioner Jay Monahan and PGA Tour chairman Ed Herlihy. In short, the deal, which was announced earlier this week:

    • The PGA Tour will still be called the PGA Tour, but now commissioner Jay Monahan also oversees LIV Golf, and the PGA Tour remains a partner of the DP World Golf Tour. Monahan has told Al-Rumayyan they will evaluate LIV at the end of the year.

    • If Monahan wants to disband LIV, he can. If LIV golfers want to play on the Tour, Monahan and the current PGA Tour leaders have to approve the terms.

    • PIF is not actually contributing anything directly to the PGA Tour or its players. PIF will instead get “right of first refusal” to be the Tour’s investment partner, through a new company the Tour is creating.

    • PIF has not promised a single dollar in investments, and the Tour has not promised the Saudis anything other than that right of first refusal: No guarantee of tournament sites or sponsorships or anything else.

One Quote

• "Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday." - John Wayne

• The only competition: You vs. You from yesterday.

• (Hat tip to Sahil Bloom!) 

Healthcare Corner

• The doctor’s visit of the future will be like having coffee with a friend (via Healthcare Dive)

  • Solv Health CMO Robert Rohatsch contends that digital healthcare transformation will help providers finally get back to what most of us really want to do in the first place — keep patients healthy.

  • While some view these technologies as a threat to traditional care, Healthcare Dive argues that they have the potential to empower physicians and improve the healthcare system. Currently, general practitioners struggle to excel in all areas of their responsibility, leading to long wait times, limited face time with patients, and a lack of focus on preventative care.

  • However, digital health technologies like telemedicine, asynchronous chat, and wearable devices can help alleviate the burden on providers. These technologies can handle triage, chronic care, medical coordination, and preventative care, allowing providers to focus on what they do best - care. With access to these tools, providers can prioritize preventative care and act as healthcare coaches for their patients.

  • To fully realize this vision, there needs to be a shift towards value-based care models that reward doctors for keeping patients healthy, rather than the number of tests or procedures conducted.