1: In the year 2000, Blockbuster was sitting pretty.
The company was “the undisputed leader in movie rentals,” Geoff Woods writes in The AI-Driven Leader. “Millions of customers flocked to their local stores every weekend, driving annual revenues to a staggering $8.7 billion, with $1.4 billion in profits.”
Then, a startup called Netflix pioneered a new concept: DVD rentals by mail, with no late fees.
“The idea quickly caught … continue reading
1: “It’s ten years out, and Netflix is a failed firm. Estimate the probabilities of the different causes.”
That’s the exercise Netflix CEO Reed Hastings poses to his leadership team.
“Let’s say one cause is that a plane crash takes out Netflix’s headquarters,” Carolyn Dewar, Scott Keller, and Vikram Malhotra write in their book CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest.… continue reading
“Culture is coded wisdom.”-Wangari Maathai
1: Seen the movie City Slickers?
At the heart of this classic 1990s comedy is the relationship between Mitch, a Manhattan yuppie played by Billy Crystal, and Curly, a tough, wizened cowboy played by Jack Palance.
Curly tells Mitch, “It all comes down to one thing. You focus on that, and everything else don’t mean s#&t.”
Mitch is confused. He asks Curly … continue reading
