AR: I think what we want to do is to give [companies like GE] an out in a way, and to say, we really need to pay more attention to the things that people have taken for granted, to long-term strategies. We shouldn’t be distracted by the allure of being what GE tried to call itself: the 124-year-old software startup. We should just recognize that it doesn’t feel right because it’s not right. And it’s okay to just be 124 years old and make really good products and pay attention to the basics and reward and compensate the managers and the staff in the company that create experiences or products that people can rely on. Our book is really trying to make that case, not only for a company like GE, but to say, we understand, we all understand intuitively that [maintenance] is desirable. We exercise or we try and eat right. We try and keep up with our gadgets and our stuff around our houses, because we understand that maintenance and upkeep are important. So let’s … [Read more...] about How Silicon Valley turned true innovation into an overhyped delusion
Fintech week silicon valley
NB: We asked ourselves, what do we mean by a truly iconic brand? The first characteristic is that they are instantly recognizable visually: You look at a Coca-Cola, at a Starbucks, you recognize that brand wherever you see it. One of the first things my kid said was “Starbucks,” pointing at a logo. The second ingredient is a universal value proposition. The third is that they genuinely play a role in culture. Apple, for instance, is not just taking from culture. They are actively driving culture. And then the fourth ingredient is, do they tap into higher-order values that transcend the product—and actually stand for something. The fifth is all about emotional connection, and that is really the root of it. That’s where a brand like Disney has really benefited. It has leveraged the power of emotion. We make decisions emotionally more than rationally. Brands have a unique ability to tap into that decision-making. … [Read more...] about What Airbnb Has Discovered About Building A Lasting Brand
Javier Piedra, deputy assistant administrator of the Bureau for Asia at USAID, said that in the case of India and Israel, they had a "peer-to-peer relationship", always looking to see how they might advance their respective activities cooperatively so that they might leverage common goals, resources, and comparative advantages in pursuit of self-reliance globally. … [Read more...] about India, US, Israel collaborating in 5G tech: Official
Fortunately, in some ways it is easier today to care about others, because when we are on a videoconference with someone, we are usually looking right into their homes. There are family pictures on the wall behind them, random bits of sports gear stacked in the corner, a cat, dog, toddler, or teen strolling by in the background. What would Bill do? He wouldn’t ignore the passerby or prized pictures—he would ask about them. He would invite the kid into the videoconference and chat with them. How do they like attending school from home? Are they being nice to their parents? In fact, we could envision the home tour taking over the meeting with Bill, so curious was he about the whole person. … [Read more...] about What would Bill Campbell do?
Imagine if Zuckerberg owned, say, the Dallas Morning News, the St. Louis Post-Dispatch, the Detroit Free Press, the Denver Post, and the Atlanta Journal Constitution. Does that get mentioned in the West Wing meeting where Attorney General Sally Yates is debating the antitrust case against Facebook? What if Zuckerberg bought CNN from AT&T? That would presumably cost more than a struggling big city newspaper, but as Rupert Murdoch and Roger Ailes demonstrated, a television network is a potent weapon. Zuckerberg’s clever courting of the Trump White House already helped push Google into the pole position for antitrust prosecution. Those tactics may not work in a Biden administration, but with a president who came of age in an era where print newspapers dominated and with a White House staff that tends to be older and more conventional, anyone who owns a slate of media outlets will hold a lot of sway. … [Read more...] about Bezos, antitrust, and the power of media patronage