Achieve More With Less.
Brian Chesky: To turn around a bad situation, write down all your current activities in a Google Sheet. From this comprehensive list, strategically select only 20% of these tasks to continue, ensuring that our efforts are concentrated on the most impactful areas. Remove multiple layers of management and transition from a divisional organization structure to a functional one. Finally, rely on a smaller but more senior workforce.
Costco. Costco keeps an extremely low SKU count. A Walmart will have 100,000-250,000 SKUs at any given moment of time. Costco in the last 10 years used to be at around 4500 and now they have further reduced it to 3800.