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?"
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"
A leaked internal report that looks at how the New York Times is performing in terms of its digital strategy has made headlines this past week. The comprehensive report (dubbed by some as a manifesto), was commissioned by former editor Jill Abramson in what started as skunk-works that would come up with digital projects, but […]Read more "Admitting You Have a Problem"
A few weeks ago, Amazon CEO Jeff Bezos gave a talk at one of his children’s elementary school. The talk, titled “dream big” was live-tweeted by Zillow CEO, Spencer Rascoff, whose kids also attend the same school. One of Rascoff’s tweets that particularly caught my eye was where Bezos describes what it takes to be […]Read more "Focused on Beating your Competition? Think Again."
Last week, as I was discussing the future of the networked economy with a couple of my colleagues, one concept that really crystallized in my mind is just how much of power the individual person has today. That power can be used to disrupt industries, make a difference, or even change the world. If you […]Read more "The Power of the Individual"
Almost every company as we know it has specialist organizations to support its business priorities. Organizations such as Finance, HR, IT and Marketing have been in existence for as long as we can remember. In most companies, domain expertise, efficiency and process execution dominate the agenda for these organizations. You get hired, promoted and measured […]Read more "New Problems, New Approaches: The Rise of the Generalist"