The Big Errors
As entrepreneurs strive to innovate, they tend to make three major errors.
Today on the show, we tell a story of fashion, private equity, and some very novel ways to think about promises.
Sears changed the way Americans buy consumer goods, its dominance of the retail landscape lasting for nearly a century. But the competencies needed to thrive in retail changed a few decades ago, and Sears failed to adapt — losing more and more ground to its rivals Walmart and Amazon.
Blockbuster went bankrupt in 2010 and Netflix is now a $28 billion dollar company, about ten times what Blockbuster was worth.
In 2000, Reed Hastings, the founder of a fledgling company called Netflix, flew to Dallas to propose a partnership to Blockbuster CEO John Antioco and his team. The idea was that Netflix would run Blockbuster’s brand online and Antioco’s firm would promote Netflix in its stores. Hastings got laughed out of the room.
The end could soon be near for Kodak, and the iconic film manufacturer may have itself to blame.
Kodak is trying to move into new product lines like inkjet printers, but in the meantime it's attempting to raise cash by selling off some of the patents it's developed over the years.
Today on the show, we tell a story of fashion, private equity, and some very novel ways to think about promises.
Whether rising income inequality is good or bad depends on why it's rising.
What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine.
It’s a stick with bristles poking out of it. It doesn’t even qualify as a simple machine, but the careful thought and design that went into the creation of the modern, angled bristle, fat handled toothbrush shows just how much brainpower goes into something that is designed to simply work well and not be noticed all that much (until it’s time to buy the next one).
A brief podcast that highlights the concept of "creative destruction."
On today's special interview episode, renowned media futurist Rich Greenfield returns to fill us in on the latest developments in the streaming wars and how these changes might impact viewers in the coming years. Greenfield is a media and tech analyst with BTIG who has been following the industry for decades.
Sears changed the way Americans buy consumer goods, its dominance of the retail landscape lasting for nearly a century. But the competencies needed to thrive in retail changed a few decades ago, and Sears failed to adapt — losing more and more ground to its rivals Walmart and Amazon.
From declining foot traffic to the rise of ecommerce, countless stores have permanently closed their doors for a number of reasons.
In 2018, more than 3,800 stores are set to close across the United States. In 2017, 6,400 stores closed. Malls are losing their anchor stores, and many are being abandoned due to the rise of e-commerce and declining foot traffic to malls.
Blockbuster went bankrupt in 2010 and Netflix is now a $28 billion dollar company, about ten times what Blockbuster was worth.
In 2000, Reed Hastings, the founder of a fledgling company called Netflix, flew to Dallas to propose a partnership to Blockbuster CEO John Antioco and his team. The idea was that Netflix would run Blockbuster’s brand online and Antioco’s firm would promote Netflix in its stores. Hastings got laughed out of the room.
The end could soon be near for Kodak, and the iconic film manufacturer may have itself to blame.
Kodak is trying to move into new product lines like inkjet printers, but in the meantime it's attempting to raise cash by selling off some of the patents it's developed over the years.
An excerpt of "Sense & Respond"
Follow the "Read More" link for an excerpt to the book Sense & Respond by Jeff Gothelf and Josh Seiden.
How do we change the way people think about your brand? Back in the 18th century, Frederick II of Prussia (also known as Frederick the Great) was looking for ways to feed his nation and lower the price of bread. He proposed the potato as a suitable new addition to the nation’s diet. But peasants resisted growing it.
Five brands, in particular, stand out for excellence in customer-centric innovation.
According to the Huffington Post, 70 percent of companies that deliver outstanding customer experience rely on customer feedback. Smart brands have long since realized that it’s customers control whether a product or service goes to market successfully.
On today's show: The bold experiment in capitalism that brought together an economist, hundreds of food bank directors from around the country, and, just to spice things up, a socialist.
When Susannah Morgan was running a food bank in Alaska, she always needed produce. Items like fresh oranges or potatoes. But her food bank didn't get much. Feeding America, a major supplier for food banks, assumed transporting fresh produce would be too expensive. Instead, among other things, Susannah's food bank got pickles. A lot of them. At the same time, Feeding America was flooding Idaho with potatoes.