Saturday, April 20, 2019

The Stanford Business Challenge

A wise man’s questions contain half the answer........ Gabirol


Most Stanford students fail this challenge. Here's what we can learn from their mistakes.
You’re a student in a Stanford class on entrepreneurship.Your professor walks into the room, breaks the class into different teams, and gives each team five dollars in funding. Your goal is to make as much money as possible within two hours and then give a three-minute presentation to the class about what you achieved.

If you’re a student in the class, what would you do?

Typical answers range from using the five dollars to buy start-up materials for a makeshift car wash or lemonade stand, to buying a lottery ticket or putting the five dollars on red at the roulette table. But the teams that follow these typical paths tend to bring up the rear in the class.

The teams that make the most money don’t use the five dollars at all. They realize the five dollars is a distracting, and essentially worthless, resource.So they ignore it. Instead, they go back to first principles and start from scratch.

They reframe the problem more broadly as “What can we do to make money if we start with absolutely nothing?” One particularly successful team ended up making reservations at popular local restaurants and then selling the reservation times to those who wanted to skip the wait. These students generated an impressive few hundred dollars in just two hours.

But the team that made the most money approached the problem differently. They realized that both the $5 funding andthe 2-hour period weren’t the most valuable assets at their disposal. Rather, the most valuable resource was the three-minute presentation time they had in front of a captivated Stanford class.

They sold their three-minute slot to a company interested in recruiting Stanford students and walked away with $650.

The five-dollar challenge illustrates the difference between tactics and strategy. Although the terms are often used interchangeably, they refer to different concepts. A strategy is a plan for achieving an objective. Tactics, in contrast, are the actions you undertake to implement the strategy.

See You at the Top




Friday, March 08, 2019

Innovation is Not Adoption

The ‘fastest learner wins’ because we see in uncertain and changing markets that experimentation, rapid-cycle feedback, and the ability to adapt are competitive imperatives--------Ann Schulte (P&G)




Virtually every organization is wrestling with innovation and market adoption;  with the growth of
artificial intelligence-driven algorithms and predictive analytics the role of marketing have diminished in recent years.
AI downstream tactics of generating awareness and encouraging repeat purchase are insuficient compared to the fullbusiness-growing power of upstream marketing function

A robust marketing trend analysis reveals the cultural, social, and psychological dynamics that should be addressed in the development and adoption of an innovative product.
Adoption involves creating markets, understanding people’s fundamental needs and drivers to identifying customers, and developing the entire consumer and usage ecosystem.

Mainstream customers are compelled less by what a product does and more by what the product helps them do

Lets analyse some products with slow market adoption:
Google Glass - not marketed through consumers ecosystem
Sony Ereader - not supported by complimentary integrated service (unlike kindle)
3D Printing - no depth of market engagement
Virtual Reality - headsets are too big and clunky
Bitcoin - mystified and complicated

Innovation alone is not enough to initiate the adoption life cycle, but marketing remains an essential aspects of innovation between early adopters to the wider group of people who will form a viable, valuable customer base.


See You at the Top




Tuesday, February 19, 2019

Optimize your Social Influence

Radio and Television ..... have succeded in lifting the manufacture of banality out of the sphere of handicraft and placed it in that of a major industry.................Nathalie Sarraute 1902-99



The best leaders are experts. Influence is less about selling and more about leading, which requires high levels of confidence, which in turn requires knowledge and experience. This concept can be expressed mathematically as
Knowledge + Experience = Confidence to Lead. You can control the first part of the equation; the second comes with time.

Form an opinion; Expertise leads to confidence, while helping others leads to trust which leads to sales.

Let's analyze data from the Pew Research Center:

Facebook
71% of adult internet users/58% of entire adult population. Usage among seniors continues to increase. Some 56% of internet users ages 65 and older now use Facebook.
Women are also particularly likely to use Facebook compared with men, a trend that continues from prior years.

Twitter
23% of adult internet users/19% of entire adult population. 
Twitter is particularly popular among those under 50 and the college-educated: men, those ages 65 and older, those who live in households with above average annual household income, college graduates, and urbanites.

Instagram
26% of adult internet users/21% of entire adult population. 
Almost every demographic group saw a significant increase in the proportion of users.
Most notably, 53% of young adults ages 18-29 now use the service. Besides young adults,
women are particularly likely to be on Instagram and those who live in urban or suburban environments.

Pinterest
28% of adult internet users/22% of entire adult population
Women continue to dominate the site: fully 42% of online women are Pinterest users, compared with just 13% of men.While Pinterest remains popular among younger users, other demographic groups include those living in the lowest- and highest-income households, those withat least some college experience, and suburban and rural residents.

LinkedIn
28% of adult internet users/23% of entire adult population
The site continues to be particularly popular among college graduates, those in higher-income households and the employed. College graduates continue to dominate
use of the site. It is the only platform where those ages 30-64 are more likely to be users than those ages 18-29.

People who are social support providers “altruists” are more likely to be successful influencers.

See You at the Top




Sunday, January 20, 2019

The Future of HealthCare

The time will come when medicine will organize itself into an undercover dictatorship.
------Benjamin Rush


"You feel like an object on a conveyor belt. You don’t feel human. Medical science has decided, that’s the way it is."----------A Patients Narrative

Healthcare is currently being tansformed where Automation replaces physical labor and
Artificial Intelligence supplant human intellect.

For instance;a doctor can’t remember the last 200 research articles on a specific heart disease, but a computer can

Patient's/Doctors contact will soon be minimal or non existence, consider the following technological breakthough:
  •  Wearable biosensors(blood pressure cuff or pulse oximeter) gather key vitals from a
     patient and then wirelessly communicate that information to the patient or a third-party monitor.
  •  Bioprocessors, will not only gather information, but could also diagnose illnesses and even
     forecast our health. They’ll give us instantaneous analysis of various parameters
  •  Robot (STAR) surgical technology, which doesn’t depend on a doctor’s manual capability. STAR was developed to apply
     stitches with the same level of skill as top surgeons, all through the use of a 3D imaging system and precise touch
     sensors—all on its own.
  •  Nanorobots that invade the cells of cancerous tumors via the bloodstream, delivering medication directly to target sites. The nanorobots travel from the injection site of a patient through flagellated, self-propelling bacteria, which contain cancer-fighting drugs. The nanorobots detect hypoxic areas—spots in the tumors that lack oxygen—and deliver powerful medication in precise locations to keep the surrounding healthy  tissues and organs intact.
  •  Biometric devices will make internal monitoring systems transparent, allowing us to use the information these systems are gathering for more successful preventative daily care and better react to medical emergencies.
Eventually:
Biosynthetically grown organ replacement, skin would be grown or 3D printed if a graft for a third-degree burn is needed.

Whilst pushing the limits of evolution, we haven’t discovered a way to prolong youth......

See You at the Top





(Excerpts: Physician by Rajeev Kurapati. MD)

Friday, December 07, 2018

Seasons Greetings

Enjoy your Holidays


Enlarge the place of your tent, and let them stretch out the curtains of your dwellings; do not spare;
Lenghten your cords, and strengthen your stakes. For you shall expand to the right and to the left,
and your descendants will inherit the nations, and make the desolate cities inhabited.
Isaiah 54:2-3



See You at the Top




Monday, November 12, 2018

The Genius from Talent

Genius does what it must and Talent does what it can.................Owen Meredith (1868)


Thomas Alva Edison(1847-1931) was born in Milan, Ohio, he lost much of his hearing as a boy and had little formal training. He worked as a railroad newsboy on the Grand Trunk Railway and soon printed and published his own newspaper on the train, the Grand Trunk Herald

During the civil war he worked as a telegraph operator in various cities and invented an electric vote recording machine.

In 1871 he invented the paper ticker tape automatic repeater for stock exchange prices, which he then sold in order to establish an industrial research laboatory at Newark, New Jersey.

In 1876 he moved the laboratory to Menio Park, New Jersey, where he was named Genius of Menio Park

He took out more than 1000 patents in all;
-The gramophone (1877),
-The incandescent light bulb (1879) 
-A system for generating and distributing electricity and designed the first power plant (1881-82)
-The electric valve (1883) 
-The kinetoscope (1891).
-The first talking motion pictures (1912)
-A megaphone
-A storage battery,
-Discovered thermionic emission, formerly called the "Edison Effect"

Tireless at experimentation but always practical and commercial in his goals, he was the most prolific inventor the world has ever seen.

We also must progress from Talent to Genius

Here is the Tech Trend fo 2019:
1 Digital Twin
2 Artificial Intelligence
3 Block Chain
4 Autonomous
5 Digital Ethics and Privacy

Digital twin is a digital replica of the assets, processes, and systems of an organization, it will turn the
70% failure rate of transformation into a 70% success rate.

Genius is one percent inspiration, ninety-nine per cent perspiration............Thomas Edison (1903)

See You at the Top

Seasons in Life@ $1,550: Acrylics on Canvas 2014 47" X 47" African Artist Alabi Oladimeji (Donate to for the Art)



Tuesday, October 09, 2018

Tweak 1% for 100% Improvement

Knowledge rests not upon truth alone, but on error also...... Carl Gustav Jung



The most effective form of self-care in radically traditional leadership is caring for others.

Isolation can have an effect on the human mind; a loss of proportion, an obsession with detail and an inability to see the larger picture.”
Leadership can be similarly isolating and no one in a leader’s orbit is neutral:

Electorates need food, shelter, security and infrastructure
Direct reports have their own teams to worry about.
Employees depend on their jobs,
Investors demand key milestones,
Customers need solutions.
Board members are shareholders first and mentors second.
Friends and family struggle to understand the burden of the job.

Leaders need a 1% tweak in self-awareness and clarity to remain a source of inspiration, guidance, and vision for their teams.
Businesses need a stable core with a disruptive edge and a 1% tweak in strategy to stay ahead.

A Few Tweaks:

1- Most companies expand into foreign markets with local business partners why not also engage digital influencers
   Digital influence is an extension of the age-old practice of word of mouth via virtual platforms
   to reach mass audiences in localities around the world. It’s time for marketing departments to recognize the potential of these
   new local voices and engage them to accelerate global expansion
2- Most businesses focus on owning resources and growing, why not to shape society and share expertise
3- Most companies strive to own talent and reduce staff turnover, why not employ part-time staff (critical experts) deliberately,
   to stay fresh with continuous flow of new ideas.
4- Most organisations try to be efficient, by putting similar units together, why not disrupt and generate creative accidents, working on different projects,
   to create movement and bumps. So employees from different disciplines continually question each other, share problems, ideas, and opportunities
5- Most organisations change their leaders every five years, why not keep them in place for more than 10. Not just at the top of the organization, but
   two or three levels further down, where key knowledge and influence resides.
6- Most businesses patent their discoveries why not also find great things to do and share them with the world particularly with kids through
   books, articles and films. NASA engineers publish their work online

Most businesses are looking for large breakthroughs, why not make tiny tweaks, as they are easier to achieve and more difficult to imitate.

See You at the Top

Mood@ $1,550: Acrylics on Canvas 2014 47" X 47" African Artist Alabi Oladimeji (Donate to for the Art)