Who would have thought that a dead children’s book author would become the biggest content partner to Netflix? That’s what happened after Netflix spent $700 million acquiring the rights to Roald Dahl’s books. To be fair, his children’s books aren’t unknown. They have sold more than 250 million copies and feature well-known characters such as …
Innovation is the secret sauce of our modern world. We talk about it often. We pin our hopes on it. We see it as a competitive advantage. Ironically, despite how much we discuss innovation, we have a flawed view of how it looks behind the scenes. Webster defines innovation as “the introduction of something new”—even …
When Steve Jobs was ousted from Apple, he felt betrayed by John Sculley, someone he brought into the company. Apple would eventually lose its dominant position, and Steve Jobs was brought back in. However, he quickly realized that the company had no focus. Multiple teams were building products, but no one could explain the overall …
They say that necessity is the mother of all inventions. In that case, companies are being forced to innovate as they deal with a historic low unemployment market and a record number of absences due to the Omicron variant of the COVID-19 virus. In addition, many businesses realize that their “rules” aren’t set in stone …
One of the most critical questions that Peter Drucker used to ask clients was: What Business Are You In? 70 years later, Drucker’s seemingly simple question is more relevant than ever. Executives realize that things change rapidly and that there’s an acceleration in the speed of change. When Peter Drucker started writing about management, it …
Despite Apple’s brand as an original innovator, they could be better described as a “trend spotter.” Steve Jobs famously said that they looked to jump into the next best thing instead of creating it. The iPod, iPhone, and iPad are all examples of products that weren’t the first in their category. However, Apple tackled them …