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In a recent post at techcrunch.com, Sarah Lacy mused on whether execution is more important than vision. The vast majority of comments testified to the fact that execution (getting things done) is more important than vision (having the idea). In fact, the business world is littered with failed companies that had great ideas and successful [...] “Outside of a dog, a book is a man’s best friend. Inside of a dog, it’s too dark to read.” Groucho Marx. I’ve loved the Marx Brothers since I was in seventh grade. That was the year I switched from Catholic school to public school. It was a year I felt I could breathe again, [...] Companies spend a lot of time talking about their products and how they stack up to the competition. They strategize about the need to reduce their cost or add a bell or whistle to set them apart. Now, I don’t want to discount the need to have a strong product offer. But at the end [...] One summer during college, I worked with my uncle’s firm building microwave towers out West. It was one of those great jobs that pay you more in experiences than dollars that I will always remember. During that time, my uncle noticed that I a book in my backpack. “What are you reading?” he asked. “‘The [...] I am not a pack rat. In fact, at home, I have a six-month rule — if we haven’t looked at or used something for over six months, out it goes. (To be truthful, my wife has a separate rule which requires us to fill the basement to overflowing before we consider throwing anything out, [...] I’m a big fan of Joseph Campbell. Campbell reviewed religions and mythologies around the world to identify the common stories we tell to better understand ourselves and our place in the cosmos. One point that Campbell made regarding Buddhism has stuck with me for many years. It’s the concept that every moment of time contains [...] The above is a quote from the CFO of Goldman Sachs concerning the the current economy. To me, this quote defines how we got to where we are. The financial models used to measure risk were 99% accurate. Unfortunately, the 1% happened and it happened in a big way. The 1% “Nothing” became a huge [...] Perhaps the best words of advice I received in the business world was to hire people who are not like me. The point was, when you want to build a team, you don’t need — or want — a lot of people who think and act the same way; you need contrasting views and opinions [...] My daughter is riding her bike in the driveway right now. Last year, I took her to a school parking lot and in an hour, got her to pedal on her own. Yesterday, she started getting the hang of starting on her own. If any of you have children, you’ve probably gone through what I’ve [...] This week, has been a week I’ve been thinking hard about teams. Specifically, how do people get beyond their own individual motives to work with each other. Ironically, I ran across a June 2006 Fortune Magazine article on teams about a Wharton Business School student, Jim Vesterman, who signed up for the Marines. Here’s a [...] |
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