What gives you confidence that you have an advantage in any situation? Shane Parrish from Farnamstreet started an interesting thread on Twitter about sources of personal competitive advantage, check them out below.
Tag Archives: entrepreneurship
How Can My Company Become More Customer-Centric?
This is an interesting question I got asked recently, which has no straight-forward answer. To answer it, let’s breakdown what customer-centric means…
It Isn’t Working Doesn’t Mean It Won’t Work
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.
Eat The Bug: Do What Others Can’t Or Won’t Do
Every organizations lives and dies by its strategy. What makes a good strategy? The best strategies are simple and answer 5 fundamental questions: who, what, where, how and why.
Still, developing a strategy is hard. There’s a tendency to make it a very complex activity, which I believe drives most organizations to fall for many traps; one being the the copy-paste approach.
Startups, by their very nature, do not fall for this trap. But this doesn’t mean their path to victory will be easier; but much more harder.
How Do You Overcome The Early Adopter Challenge?
in Innovation, Leadership
There are three forces needed for innovation to happen: ability, infrastructure and market. When all three exist you have an industry. Creating a new industry is a long-term challenge, which many people and organizations will not take on. When starting out, every startup is in a race to create find product-market fit. It’s not about being first to market, it’s about getting the business model right.
The Early Adopter Challenge: Everyone is Afraid of Being First
The Next Economy will be driven by 10 key emerging technologies. All of these technologies are in the news 24/7. Yet, most organizations and governments are behind the technology curve. They’re either slow adopters or stagnant. There’s a difference between being a slow adopter and being stagnant; the latter means you’re not even aware of what’s going to change your business in the short and long-term.
