From 600+ conversations with the world’s leading thinkers.
None of this is new. The Romans traded forward contracts in commodities 2000 years ago; a Dutch fugitive, Isaac le Maire, conducted the first ever bear attack on a stock in 1610, leading also to the first ever regulatory ban on short-selling that same year.
This isn't a passing fad. Something fundamental is going on here.
Our apps and platforms are addictive by design. We know this both because the tech titans behind them have admitted it publicly, and because the dominant apps and social media platforms use the same suite of techniques that are well-proven to ensnare us.
Only 8.5% of projects meet or exceed their time and budget expectations. This means that a staggering 91.5% fail to stay within budget or meet deadlines. However, when we consider delivering promised benefits, a mere 0.5% achieve this goal within the allocated budget and timeframe.
I often pose a critical question to businesses: if the economy began transitioning towards sustainability, would this be a boon or a bane for your business? If it's perceived as a threat, your paramount priority should be to modify your business model until this transition becomes an opportunity.
It is the sinusoidal movement of economies between stage 1 and stage 2 which contributes to growth, while the participants in stage 3 very rarely contribute to any real economic growth as their entire theatre is virtual.
Kodak had been living in linear-time, something which is intuitive to most of us, where we think in days, weeks, months, years… The world had already started to shift when people like Steve Jobs started to take-advantage of the fact that you could connect the dots.
A pervasive sentiment among high-performing organisations is the fear of failure. I sought the opinions of numerous high performers on who they admired or found interesting and surprisingly, none mentioned a business.
There's a deliberate strategy and direct correlation between how much we're being attacked regarding our looks, and how much the beauty industry and cosmetic surgery industry are booking. These are companies growing into the tens of billions in revenue across countries and continents.
Firms like McKinsey are self-reporting that their people are 5x more productive in-flow than out of flow… 500% more productive. That means you can work Monday in-flow and take the rest of the week off – and you'd still get as much done as your peers.
The accidental perpetrator is a team player. Their involvement in misconduct isn't driven by personal greed, but could result from simply following orders from higher-ups, a commitment to their team, or an unwavering loyalty to a CEO or CFO. However, such blind obedience could inadvertently lead to involvement in fraudulent activities.
There are no people called entrepreneurs but people perform entrepreneurial functions at different times. Edison performed great entrepreneurial acts. But he was also fierce opponent of innovation when it threatened his business interests.