applied know how
Once a darling of the disruption crowd, MoviePass is no more; the stock is valued at zero… CEO and CFO have departed, the Board has resigned en mass …. the courts are holding the junk that’s left.
Investors are eager to plow vast sums of money into companies that offer “disruptive” products and services. Often the basis of this disruption is investor-subsidized predatory pricing or cash-burn machines.… Read more
It seems to many people that any problem a customer is willing to pay for, is worth solving. But that may not be the best way to create a sustainable business. Typically we will start with our own ideas, but this is probably not focused nor compelling enough.
Start with a customer problem, not an supplier idea. Ideas are “free floating” — and most will never turn into a business unless they solve a fundamental problem.… Read more
Uber’s CEO has resigned, not unexpectedly, but unexpectedly quickly- they also lack a slew of other C-suite operatives, is this a sign that these insiders really did know that Uber had no conceivable path to profitability.
Its business model has been based on a massive internal contradiction: using a ginormous war chest to try to achieve a near-monopoly position in a low-margin, mature business that is fragmented geographically and locally.… Read more
I don’t think Jack Black ever thought of using any of these tools to help explain things, but YOU should.
While I’ve been developing an SMU course, I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of applying mental tools from a wide array of disciplines and applying these to the business questions I had.… Read more
Actually I wasn’t thinking of that sort of model, but they could assist in your business too.
What I mean is last week, I introduced you to a behaviour change model proposed by B.J. Fogg of Stanford University.
In, and of itself, this model is very useful to assist you to understand how you can influence people to change their behaviour and to eventually buy your product.… Read more