Innovate or Die

Innovation

“America demands invention and innovation to succeed.” -Kit Bond

Blockbuster. Research in Motion (Blackberry). Borders. AOL. Palm.

What do these companies have in common? They used to be on the leaders in their respective industries, but are now either bankrupt or on the way out. The cause of their slow slides into irrelevancy is their failure to innovate after they hit it big. Their stagnation prevented them from adapting to meet the changing demands of their clientele, provoking their customers to leave them for their more agile competitors. Companies that fail to innovate should rightly be allowed to go out of business.  Read more of this post

Finishing Well

 

Footrace finish line, 1925

If you’re like me, you’ve been watching a lot of Olympic coverage over the past few weeks. This year, over 10,000 athletes from 205 different countries have converged on London to compete in 300 events.

For many of the athletes, the Olympics is the end of a multi-year journey of training, dieting, more training, self-discipline, and (you guessed it) more training. Depending on what event the athlete competes in, they do all this training for just a few minutes (or just around 10 seconds if you’re Usain Bolt) of actual competition. Needless to say, the stakes are high.  Read more of this post

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