There comes a time in every business when it becomes apparent that your product, service or business model is no longer relevant.
Confessions time: I do a fair amount of public speaking and recently read this comment in my evaluations: “Would have been just as powerful without the ‘F’ word.” So despite the fact that I averaged a 9.78 out of 10 on my rating, and despite the fact that I was quoting a CEO when I dropped the bomb, I still raised an eyebrow. Many organizations have written or unwritten rules about when and where to say the “F” word, if you ever are allowed to say it at all. Budweiser actually did an amusing online ad about the concept with their now classic Swear Jar.
A Critical Lesson From The Most Successful Entrepreneurs Here are three quick questions. See if you can spot what they have in common. Why did Howard Schultz focus on the coffee experience when his peers were trying to find cheaper, better-tasting beans? Why did Sara Blakely come up with Spanx when her job was selling […]
Is Your Government Good Or Bad For Innovation?
Here’s how to know things are about to change—dramatically. I was in an advisory board meeting yesterday with eight of the smartest, most successful people I know. We were going over a specific strategy that I was trying to make work for my company with little success. The initiative had stalled under my watch. The […]
The Way You Start A Conversation May Determine The Outcome You Get Imagine being part of this interaction. You walk into the kitchen holding the checkbook. Your spouse is preparing dinner and you ask, “What’s this check for $300 you wrote last Thursday?” Impatient for answers, you glance down at the check register and jump to […]
The Often Missed Secret Of The Best Brands Harvard Business School Professor Frances X. Frei has something to say about being bad at what you do. She thinks it is a good thing. In fact, she believes that if you want to be a successful business, you must strive to be really, really bad in ways that may […]
How the best leaders make the toughest decisions—when it matters most “Making good decisions is a critical skill at every level.” —Peter Drucker “It turns out, making a tough decision is a game of inches.” These sage words of truth came from Dr. Daniel (Danny) Friedland, and they got my attention. He was referring to […]
Three things your boss would rather fire you for—than tell you about Leaders talk by the water cooler, too. When they do, they usually discuss the future they want for their company, their teams or themselves. And when they are being truly candid, they will admit there are employees who are holding the company back, […]
How the Olympics are shining a light on an innovation that will change industries. So what is the greatest innovation in U.S. Olympic history and why should you care? Well, the innovation is not the BMW-designed USA bobsled, instantaneous video replays on iPads, or Shaun White’s new “Frontside Double Cork 1440” in halfpipe. My friend […]