From 600+ conversations with the world’s leading thinkers.
The factory isn't something to hide away or outsource to the cheapest option. It's something to cherish, to be proud of. We can be trendy, we can be a brand, but it means nothing if the product that goes out the door isn't exceptional.
Our mate choices are the ultimate form of consumer choice. I can pretty much fit most of our purposeful behaviours under the umbrella of consumption.
A principle that I hold personally important is radical transparency in communication. This transparency extends from the shareholders to every level within the organization. It's vital that everyone is aware of what is working, what isn't, and the actions required for improvement.
Hip hop, in my view, stands at the vanguard of cultural and technological adoption, consistently ahead in both marketing and technological innovations. If you aim to create cutting-edge businesses, there's a lot to learn from these fields, which consistently remain at the forefront.
Small companies will get an idea and try to scale up. Big companies have to decide when to extend, when to extend and scale, and when to do something new. They need to build capabilities in terms of insight and execution to do the new thing.
If I see a lot of cases where models own their managers, not the opposite. If the model isn't creating value, but you continue using it, then it owns you. This is frighteningly common.
We compute some level of default and losses because of those defaults- and perform IRR calculations to create yields and then we haircut it some more because, in truth, we have no idea!
Disruption is treated as an event, and it is a constant and that is the interesting sort of fallacy. As humans we want this state of consistency but if we are taking it as a hypothesis, we are constantly being disrupted, constantly changing and the groundwork we are standing on is shifting all the time.
Rich, sometimes you treat a wisp of intuition as though it were a four-lane highway. It's not that you shouldn't trust intuition — it's that you need to validate it.
When a customer sees that a company from India is performing in the financial markets better than their local partner, their attention is caught. We leveraged the financial markets for building brand, for competing in the marketplace.
We have to start breaking the toxic hyper-masculine alpha male attitude that has become the norm across businesses that you should always be hustling, never sleep, that rest is for wimps.
If you go into a new situation where you don't know anybody and you want to be more influential, don't look around the room and say hmmm… who can most help me here?… instead, look around and say hmmm…. Who can I most help here? You will put that person in a position where they will be standing on the balls of their feet to help you!