Imagine you ran a business that virtually dominates the market. One day, you find out that a small start-up has somehow figured out a technology that lets your customers buy your product for 10% of your current price. Modern business strategy instantly focuses us on how to protect our businesses from competitors. Our instant urge […]Read more "Disruptors Don’t Play By the Rules"
When you are an established player in your industry and a new competitor emerges, the first natural reaction is to ignore them, but at the same time, keep a close watch from the corner of your eye to see what they’re up to. But what if that competitor accumulates 700,000 new customers within their first […]Read more "What’s Stopping Us From Changing Faster?"
When the Model T Ford was introduced in 1908, consumers were thrilled. They didn’t care that it didn’t have a roof or windshield wipers. It was better than a horse and buggy, and reinvented personal transportation. The Model T turned a page from an era of scarcity into an era of mass consumption. When Henry […]Read more "The One Word That Is Holding Us Back"
On February 23rd, an email popped into my inbox and caught my attention. The title must’ve been taken straight out of Apple’s product launch playbook: “Pebble’s got something special tomorrow. Be the first to see”. Pebble, who had a meteoric rise to fame by raising more than $10 million from 69,000 people on the crowdfunding […]Read more "From a Simple Email to Making One Million in 49 Minutes"
When I received the following Guest post by Ilya Bodner, it immediately resonated with me. In days that find us surrounded by smart phones, social media, and extreme consumerism, we are more aware than at any time in history of what everyone else is doing and what everyone else has, therefore surmounting pressure and influence on […]Read more "Tomorrow’s Tide"
Yesterday, a staple that existed for the past 25 years announced that it is no longer. The company behind the free SkyMall catalog that started in 1990 has filed for bankruptcy protection. I remember the many times when I was bored on a plane and read the SkyMall catalog, usually for the pleasure pointing out […]Read more "SkyMall: A Genius Business Model That Ran Its Course"
For the past couple of weeks, it’s been tough to avoid following the viral success of the ALS ice bucket challenge. Literally thousands of people have been dousing themselves with buckets of ice water for a great cause and challenging others to do the same. Among those accepting the ice bucket challenge are some of […]Read more "What Leaders Can Learn from the Ice Bucket Challenge"