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Stage Five: Reflect (Monday Morning Quarterbacking) How did that work out? Did I make things better or worse? Have I learned something new about the challenge I’m facing and about the best response? Reflecting on our response to a challenge can yield dividends for the future. It’s in learning from experience that we truly grow wiser. We can do this not only for something that just happened, but for events both big and small that have happened in the past and linger in our memories.
The Good Life
Robert J. Waldinger and Marc Schulz Ph.D
Today’s innovation is time-based competition. Demanding executives at aggressive companies are altering their measures of performance from competitive costs and quality to competitive costs, quality, and responsiveness. Give customers what they want when they want it. This refocusing of attention is enabling early innovators to become time-based competitors. Time-based competitors are offering greater varieties of products and services, at lower costs and in less time than are their more pedestrian competitors. In so doing they are literally running circles around their slower competition.
Competing Against Time
George Stalk
Startups are going to have a tough year in 2023. While many have gotten their burn rates way down, most startups still are losing money and will eventually need to raise capital in 2023. Because most startups avoided raising in 2022, there will be a glut of startup companies in the market for capital this year and while there is plenty of venture capital sitting on the sidelines waiting to be deployed, VCs will be much more selective, instead of funding everything that moves as we’ve done over the last few years.
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