The media landscape has changed drastically over the last 30 years. There is no longer a mass market. Only a large number of small markets. This disruption has given rise to huge opportunities for those nimble enough to capitalize on this new world. Only those businesses who are committed to growing their reach one small group at a time will…
Business history is the story of what if. The intersection of the fortunes of Blockbuster Video and tiny Netflix in 2000 is surely the story of missed opportunities and lack of market vision. And although Netflix employs far less people than Blockbuster did at its peak, it supports a large industry of movie and content production.
Creating anything of value in life takes struggle and perseverance and many bouts of trial and error. With all great works, we only see the final, perfect product. But there are always far more many versions that were thrown in the trash. Only by risking creating bad work can we find our way to the great work that is inside…
The fear of public speaking, or glossophobia, afflicts 76 percent of adults. But by overcoming this fear we can truly separate ourselves from the masses. We can use all the knowledge we have gained and impart it to others. And we gain the ability to do what most others cannot or will not, in order to connect with those people…
While the merits of free trade vs. closed markets is a hotly debated topic these days, a trade deficit is a very different concept than a budget deficit. Everyone can benefit when trade markets are open and each country produces and trades when it has a competitive advantage.
The world can sometimes be a difficult and cruel place, but no one will ever talk to you as poorly as you talk to yourself, so be kind to yourself. Do not compare another person’s best to your everyday. Everyone struggles. Everyone has doubts. Everyone has insecurities that they battle. No one has all the answers. No one is perfect.
The problem for marketing and advertising professionals in 2019 is that this decades-long era in consumer marketing success is long since over, and broad market advertising campaigns will never dominate consumer branding again. The internet has created vast disruption in national advertising, and only skilled marketers will survive the new economy.
If you struggle to meet expectations in school, then take comfort as you are in great company. Passion, interest, focus, entrepreneurship, a stomach for risk taking, confidence and perseverance are much more valued in the working world than simply being great at taking tests.
In 1980, Nobel-prize-winning economist Milton Friedman visited The Phil Donahue Show, a television talk show, for a wide-ranging discussion of economics, free-market theory and the current state of the economy. Their discussion of the changing nature of the economy, business and consumer tastes is as interesting and relevant today as it was 40 years ago.
In 2012, IPO investors knew that the success of Facebook would spark a thousand new ideas for a thousand new companies and products. Some will succeed and most will fail gloriously. Fortunately, America has a culture that celebrates new ideas and risk-taking and a people that are the hardest working and most innovative in the world.
After more than ten years of economic expansion, many investors fear that an economic recession must be imminent. But what are the causes of a recession, and how do these short economic shocks affect the economy and the employment market? And are recessions shorter and more rare than in decades past?
It is much easier to be in the top 10% at several different skills than it is to be in the top 1% in any one of these skills. You can be one of the best in the world even if you are only very good at a few things. With "talent stacking" we can combine different skills and talents…
