photo by r0sss’While I never going into depth about the finds, I do encourage you check them out if they sound interesting.
The key to the most successful businesses is that they have a defensible moat based on IP. OK… Anthony Tjan, CEO of Cue Ball and Vice Chairman of Parthenon, says it better and provides more insight. Additionally, as a recovering quant (finance jock and engineer) I love it when one can summarize their point in a succinct easy to understand formula.
Networks are encouraging TV viewers to go online simultaneously. And it doesn’t seem like a hard push for Bravo Networks recently had 13,000 viewers of Real Housewives of New York City extended their experience online. This is no longer a unique phenomenon, like it was in the late 1990’s. A recent Nielsen showed that consumers now spend on average just under 4 per month watching TV and browsing the Internet simultaneously and roughly three out of five TV viewers engage in two-screen consumption.
Ones ability to make money is directly proportionate to how they solve problems… in particular problems that satisfy customer needs. It is one of the most highly valued characteristics you can have be you a entrepreneur, corporate insider, or customer service rep. The Business Insider put together it’s list of the 5 steps one needs to follow to become an expert problem solver. See myth #3 that’s usually the shortcoming.
According to Steve Blank, serial entrepreneur and business lecturer , when you have something that the audience might not understand you are best positioning yourself as ‘we’re just like those others guys, but better’. If you don’t want to take Steve’s argument straight up see Steve Jobs. When he originally introduced the iPhone he didn’t open with some mind-blowing statement. He simply noted that Apple was introducing 3 new items, a widescreen iPod, a phone, and a breakthrough Internet communicator. He then repeated it three times after which he turned to the crowd and said “Do you getting it?… This is one device!” In fact, view it for yourself here. Ah, the wisdom of the Steve’s.
When people think green their mind usually starts thinking higher prices. Well this doesn’t have to be the case for consumers or those who have own the business. Business models must counter the long held notion that in order to adopt sustainable business practices it needs to make sacrifices, have higher prices and/or earn lower profits.
One for the Road: ‘Business Model Innovation’. One of Six Podcasts from Cambridge Judge Business School
This post includes links to a selection of podcasts fromCambridge B-School’s faculty, associates and guest speakers during the month of October.