I have used your TED Talk presentations in my Business English classes, far away down here, in a small country of Kyrgyzstan. And many of my students have gotten into the habit of listening to TED Talks owing to your motivational speeches! Thank you!
Simon, you sir, have a thing of looking at complex scenarios and breaking them down in to digestible and understandable facts and figures for general public. This is an extremely rare skill, and I am lucky to have found you and your channel and insights to understand this complex yet simple looking world better...
1. What business are you in? 2. What business are you REALLY in? 3. What business do you NEED TO BE in? =Blockbuster Example= 1. Movie rentals (and late fees) 2. Enabling entertainment through movies at home 3. Enabling digital entertainment on demand, any time, anywhere Blockbuster never got past the first question. Netflix realized the second and answered the third. These questions come from Tony Robbins' Business Mastery work.
A better question to ask is, "How do I put my company out of business?" Disrupt your own business from the inside before another company does it for you.
Change is inevitable. Instead of resisting and fighting change, embrace it and prepare for new growth opportunities. Be the best version of yourself and create peace in every area of your life.
This man....remember... He is changing and will be responsible for NOT THE BIGGEST CHANGE but for the change he wanted to see in the world. HENCE, IT IS GOING TO BE THE BIG ONE. I REALLY THANK YOU FOR THE WONDERFUL DISCOVERY OF GOLDEN CIRCLE which literally changed me.
There are countless examples across retail, entertainment, publishing etc that were turned upside dpwn by the internet. Those that were brave and embraced it thrived, those that didnt, suffered or went bust.
Wow, great point about Netflix getting ahead of the curve on streaming. It's so true and I shared this message with my franchise partners recently about how being able to adapt as an entrepreneur and business is key to being successful, especially during times like COVID-19 or just in general with industries and technology changing. Thanks for the awesome video Simon !! Can't wait to watch more :)
You can try to stop change and change will leave you behind. You can go with change and you’ll be able to ride the tale. You can try to ride the wave and if you wait too long, you’ll miss it.. You can make the change and have most of the success.
I think that learning self-awareness is one of the key-competencies of handling change and how to run a sustainable business. I am currently reading your book on the infinite game and I really love the insights it gives me. I use this to combine it with what we learn in my Business studies! Thank you for always putting words on these things and keep it up!
leaders that watch this and turn around and try to inject this motivation into an existing business model without understanding that they themselves are the problem. This is happening at my work right now and has been for the past two years. Our current leaders have dismissed the notion that current employees know anything and have rolled over on all of the new incoming individuals and have canned the old ways of thinking and instructed the new people to challenge anybody in training and where it is gotten us is the people that knew what they were doing of left the company because they won't put up with it. These new people that are left over don't know what to do because they don't know how to think for themselves. The people that originally were around created the space for the people that are coming in to be successful in and yet it is those same people that some of these leaders, as an example to leaders in our business are telling to lash out against because apparently the future is in canceling pensions supporting a lower wage and changing / disrupting everything the currently is in the industry. The bottom line is it's a friggin mess
I think this also ties back to how Simon brings up shareholder supremacy and how everyone just does what is good for the short term next earnings report. It's tough to take your business down a few notches by trying something new, but probably even more so for these big behemoth companies when they have to report to shareholders or risk them all selling their stock and bankrupting you that way
You'll need an extremely keen intuitive eye for this while grabbing the correct timing of when to change. Be calculative, innovative while patient. Easier said than done.
It's not quite the same thing. Cannibalization is just when one new product or service of yours eats away at the profits of one of your other products or services. Businesses typically try to avoid this, but sometimes that new product or service will be the way of the future, and if you don't give it time and attention someone else will and that could eat away even more of your profits. It's possible to have a product or service that cannibalizes but was just a bad idea and not necessarily the way of the future though too.
Tristan Conrad ; The old saying goes how does a fireman, doctor, professional, domestic engineer, blue collar worker, preacher put their pants on? One leg at a time. The only difference between most wealthy and broke...the Information is available to all of us. It’s taking the Information and using it responsibly. An entrepreneur is a person who owns a venture or enterprise as I experience it and take (or not) personal & social responsibility for it’s success or failure. I’m say that no one is better it’s the use of the information made available for decades & even centuries old examples. Be well!
Out of curiosity you got a lot of these ideas from Clayton M Christiansen's Innovators dilemma didn't you? Either way this is a good video thanks again : )
So, fellow humans, what's the way the world is going to be a decade from now? I'd like to get on that one early too. What are we going to seem like fools about because we 'knew' something but didn't do enough about it?...
This is truly exceptional. I discovered similar material, and it was awe-inspiring. "Dominating Your Clock: Strategies for Professional and Personal Success" by Anthony Rivers
protectionism HAS worked for MANY industries for MANY decades. e.g. look at oil and the old energy production... it has survived, suppressing the revolutionary capabilities re-invented dozens of times every decade. and even beating pre-existing competition that ramped up with technological augments (e.g. hemp and Sitchlin's decorticating machine). so the these noteworthy exceptions, kinda hide the other successes and fails. but indeed, this protectionism, causes a far greater fail for us all.
This sounds kinda like when a sports team is playing a game and one team is leading thru the first 3 quarters and then they decide to play it safe and run out the clock. Then they stop doing all the things that got them the lead which opens the door for the other team to close the gap and ultimately take the lead.
Simon spends a lot of time helping companies learn from the mistakes of past companies that failed because they got too big for their britches. I wonder, is that actually good for society? Or do we actually want companies to fail when they get too big for their britches?
