One of the defining characteristics of Western Civilization was the emergence of romantic love, and its association with the Troubadours of the middle ages. This was not an arranged love, but a love of the heart, a forbidden love. Some have even gone so far as to suggest that the old French/Provençal spelling of love [and … Continue reading Business Values: free and fair love
In 1995, I read a book that changed the way I thought about business. The book is now, based on its often repeated principles, a business classic: “The Discipline of Market Leaders: Choose Your Customers, Narrow Your Focus, Dominate Your Market” by Michael Treacy and Fred Wiersema. Back in that part of my career, I was … Continue reading The many variables of differentiation
Given the number of trees already killed trying to explain what strategy is, it almost seems pretentious to discuss the subject in a short essay; at the very least ambitious. But here we go…There are a few different contexts in which we can discuss strategy: generically, sports, corporate, and business unit. Generically The word strategy … Continue reading What is Strategy?
From Adam Smith to Milton Friedman, there has been a narrative that business is the by-product of individuals and corporations, voluntarily exchanging goods, services, and monetary devices of value. Milton Friedman’s classic “Lesson of the Pencil” is a great example of this: https://www.youtube.com/watch?v=R5Gppi-O3a8%5B1%5D “Literally thousands of people cooperated to make this pencil. People who don’t … Continue reading The Business of Values and the Values of Business
When Elon Musk is not dazzling us with tech innovations, and dreams of the future, he is entertaining us with Twitter ‘exchanges’, including the U.S. President (shock!), ro(bots), fellow space entrepreneurs, and most recently, Warren Buffet, one of the most revered investors in American business history, and certainly one of the wealthiest. In one corner, … Continue reading Musky Moats – A moat is a terrible thing to waste, so keep innovating.
In the last article, business models were discussed in generalities: What is a Business Model (Part 1) Now if we start to double-click and call out specific elements, perhaps a level above the specifics of systems, process, and culture, we find elements like activities, assets, routes to market, targeted customer segments, revenue streams, etc. An … Continue reading What is a Business Model? (Part 2)
Business models are among the hottest topics in business these days. Everyone is disrupting everyone else with a great business model! Business model advantages are claimed, by some, to be a more sustainable advantage than other advantages. But what is a business model? You can find about as many definitions for "business model" as you … Continue reading What is a business model? (Part 1)