As I was driving home the other day, I had the misfortune of getting stuck in standstill traffic for over 90 minutes. Despite trying every side street I can think of, I was just stuck – going nowhere fast! Turns out that there was a massive protest against Uber by taxi drivers who intentionally blocked […]Read more "Growth Mindset: The Only Way to Fight Disruption"
In her recent TED Talk, Margaret Heffernan, an entrepreneur, former CEO of five companies and author, discussed an experiment on productivity by evolutionary biologist William Muir at Purdue University. Muir was interested in productivity and leverages experiments with chickens for one simple reason — their productivity is easy to measure because you can just count […]Read more "There’s a Dark Side to Heroic Leadership, and It’s Haunting Most Organizations"
There’s a new battleground in business. It isn’t about money, resources, or scale. It’s not even about brand. In the past decade, Apple has been very successful at disrupting traditional industries by introducing products that offer incredible experiences to consumers and businesses. Apple fearlessly took on incumbents such as Sony, Nokia and Blackberry, who were […]Read more "This Is The New Battleground In Business"
One of the things I consistently notice when speaking to employees about culture change is the finger-pointing back at senior management. I hear “They need to change” or “Management needs to change their behaviors first!”. Non-coincidentally, this exact same sentiment is shared when speaking with management. They’re saying: “Our employees don’t want to change. We […]Read more "CEOs and Employees Want Change. So Why Isn’t It Happening?"
Almost every CEO these days asks a similar question: “How can we change faster?” In the face of unprecedented pace of change, CEOs are clearly feeling the pressure as they see execution struggling to keep up with their strategies. A study conducted by innovation consulting firm Innosight shows that the once 61-year tenure for the […]Read more "Don’t Change Your Culture – Hack It!"
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?"