From 600+ conversations with the world’s leading thinkers.
I came to the conclusion that clubs would be better of promoting strategies that induce home-advantage rather than fighting for higher ticket price because the incremental value of each point lost is higher than the value of those more expensive tickets. If you drive your home advantage, your revenues go up!
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.
Out of the 1,800 companies we measured, 250 created more environmental damage a year than profit. 600 created environmental damage of 25% or more of their profits. Together, the 1,800 businesses we researched created over $3 trillion of environmental damage in a single year.
Today, information is omnidirectional – you have to respond to it immediately- and you have to empower people, in the field, to make decisions, or you will fail. Leaders today are far less involved with telling people what to do, and much more involved with setting goals and providing guardrails.
More money has been lost on the mismeasurement of risk than not having risk management at all. The battle is not won through being attuned to risk control. If your measurement of risk is completely wrong, it could be worse than having nothing in place.
To take the example to an extreme, consider how many real estate or private equity transactions are currently executed by a computer versus a human being. Being an 'alpha-less market maker' in such a market is not possible.
The mindset shift has to be from those one-off activations to seeing gaming as a holistic, integral part of your overall strategy — something that's always on, like social media. Because think about it: as a brand, there's never a day when you go, 'Well, today we're not doing anything on social.' That just doesn't happen, right? The same mindset needs to apply to gaming.
To the striver, that addiction is success. It activates the same neurobiology and dopamine pathways as alcohol or drugs. When the business collapses, their life ends not just in terms of work, but their whole sense of self is removed. All addicts are the same.
Cross-training stands as a key mechanism to balance mastery and specialisation with flexibility and motivation. However, this doesn't mean that you should cross-train every employee in every task. Such an approach would invariably lead to mediocrity.
To scale? you have the stars aligned- timing is everything.
In order to fix bias you have to admit to them, you have to admit they exist and bring them out of the shadows. Then you can call them out.
If you look at the balance sheets of Fortune 500 companies 50 years ago and today, 50 years ago, 80% of the value was physical stuff. Today, more than 85% of the value consists of intangibles. Companies must become so much more now that their value comes from their ability to inspire, drive and organise human beings.