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"
Last week I came across a captivating headline in Forbes that touted “How An Uber Driver Makes $252,000 A Year”. The first thought that ran through my mind, is Wow! The gig economy has really got some legs and is opening up the door to well-paying opportunities. Although the story was very inspiring, Gavin Escolar, […]Read more "This Uber Driver Makes $252K But Are We Headed Back to the 19th Century?"
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"
Wherever you look nowadays, companies are declaring a war on complexity. According to a recent global study of 1,500 CEOs conducted by IBM, the biggest challenge CEOs face is the so-called complexity gap. Eight out of 10 leaders expect the business environment to grow in complexity, but fewer than half feel prepared for the change. […]Read more "Declaring a War on Complexity? Here’s Where to Start"