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Comparative Advantage in Team Dynamics

On Lawrence He

In International Trade we learn the idea of comparative advantage, and how countries benefit from trading with each other if one is better at producing a commodity than another.

Within the first few lectures the professor will emphasize that a country doesn’t need absolute advantage for trade to be beneficial, just comparative advantage. 

I think this concept can be applied to team dynamics.

The Knack for Getting Money


Some good discussion in this thread at Hacker News about how to evaluate people with a business skillset if you've got technical skills already.

I reckon "a knack for getting money" is probably the most key thing to look for in a businessperson. Some people have a knack for getting money.

All the business skills in the world without the knack for getting money doesn't fly. Well, maybe for employee #7,632 once a company's made it. But not for starting something up. You need to hustle and get money of some form real fast early on. A business guy who can't get money is probably worse than useless - if he wasn't on board, you'd be worried about solving the money problem yourself. But since he's supposedly the business guy and seems to be doing business guy stuff, you think things are cool. But things aren't cool. Go long enough without money, you die.

That's bad.

So, where do you get a knack for getting money? We're not born with it. It's acquired through action somehow. What's it take?

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