One of the reasons people and organizations will never transform themselves is because they’re afraid of making mistakes. Either they never take risks, or they back out on the first sign something doesn’t work if they do make mistakes.
Category Archives: entrepreneurship
Create! Don’t Compete
I’ve had many meetings with principals in large organizations and companies who say, “I am worried my business will be completely replaced by some Silicon Valley startup. How can I build something to counter that?”
Transform Your Customers, Don’t Just Serve Them
Do you or your organization lead its customers? Yes, lead. Not just serve them, but lead them. In other words: Do you look out for them? Do you demand of them when they don’t demand more of themselves? Do you transform them?
What Consensus Means For Driving Innovation
Why do organizations fail? There are many reasons, mostly because they become irrelevant by failing to evolve and adapt to a changing world. The reasons this happens are many, but one thing is certain: organizations where everyone agrees with each other, where no friction exists, and where no one challenges the status-quo is certain to miss the future and eventually fail.
3 Conditions Necessary To Trust Your Intuition
I’m very instinctive, have avoided many problems when I’ve followed my gut; and gotten into unnecessary ones when I’ve ignored it. Sound familiar? All of us make intuitive-based decisions, and most of the time our intuition is wrong. Why? In short because life is messy, there’s no way around it, and previous success makes us overconfident in our abilities.
Air Jordan: How Nike Created A Brand That Drives Culture
According to Nike Inc.’s fourth-quarter 2018 earnings release on June 28, the company reported that Jordan brand revenue was down 8% to $2.86 billion this year versus $3.1 billion in the same period last year. Some argue that Jordan Brand’s popularity is waning. But that’s still a lot of money from just one brand. And the main revenue driver are Air Jordan sneakers. But AJ’s are more than sneakers, they’re cultural objects that are worn just as much outside a basketball court as inside of it.
Don’t Be That Person That Promises To Open Doors And Doesn’t Follow Through
There are many reasons why entrepreneurial ecosystems like Silicon Valley and others thrive while others don’t. One of those reasons is the act of paying it forward. The health and progress of every entrepreneurial ecosystem in the world lives and dies by the ability of its diverse network of people and groups to share with each other; this includes knowledge and contacts.