Have you been thinking of how to create products that sell? Just stay there and listen until the end to know the 3 levels great products have.
A product is more than just an item that is traded to satisfy the wants and needs of a customer. Maybe back in the old days, a product is just a product, but it is different now. In this podcast, I will tell you what products that sell have. And yes, when I say product, that is a service too, that provide benefits, satisfaction, and activities, such as salons, consulting firms, and cleaning services. A product can be a person too, like Michael Jordan, place like New York, organization like NBA, or mixtures of these. Continue to Podcast
In this podcast, I will talk about the link between intuition and innovation. I will look at how a company creates knowledge that becomes the source of innovation. Companies that use the knowledge it creates for innovative products or processes and share the knowledge inside the company are called knowledge-creating companies. By the end, you will know 2 types of knowledge used by knowledge-creating companies.
Do you have an idea what’s common between John Lennon and Steve Jobs? Aside from being creative in the artistic sense, both of them are intuitive. Beatles’ producer George Martin describes Lennon’s approach in songwriting and recording as intuitive and this is evident in the song he wrote with Paul, Being for Benefit of Mr. Kite. As for Jobs, in his 2005 Stanford speech, he said, “You have to trust in something, Your gut, destiny, life, karma, whatever, this approach has never let me down, and it has made all the difference in my life.” Also in his biography, Jobs said, “Intuition is a very powerful thing, more powerful than intellect, in my opinion, that’s had a big impact on my work.”
I love watching documentary videos. Before the internet, I used to watch a lot of Discovery and National Geographic features on cable. One of those that I slept at 3AM for was a documentary on Bruce Lee. Now, One that I follow on Youtube, are the viral videos made by Great Big Story, a company by CNN that ran between 2015 to 2020. They envisioned the company to produce videos that are optimistic but not naive.
Their storytelling reminds me of how entrepreneurs think because they tell stories that are unique and far from common. 2 that I always remember are about an instrument used for horror movies & the man behind the game solitaire on windows, which I am sure you played on computer once in your life. That is if you were born sometime between the 1950’s to 80’s.
Seeing something beyond common is exactly how the book Disclosing New Worlds describes the entrepreneur: entrepreneurs are able to determine what will be important in the future. In real life this would be someone like Joy Mangano, the inventor of self-wringing miracle mop, which others call tornado mop. I am sure that others have used mop but she was the one who saw and experienced the mop differently. What entrepreneurs choose to see as opportunity is our point of discussion today.
In my years of listening to students and people who pitch their business ideas, I always hear the word passion and how they have discovered something they are passionate about. And then I wonder, what could they mean when they say they are passionate about something? So let’s talk about passion, and let’s find out its meaning.
According to Google Ngram, a program that checks word mentions in books and searches from 1800 up to today, passion is a word with a high number of mentions during the early 19th century, the period of Romanticism, and regained popularity in the late 90’s and is still going strong today. I suspect that during the 19th century, passion was used to describe romantic love and in the late 90’s, passion, again, I suspect, is associated more with work and career. I say this because Arnie Warren, in 2000, wrote a book called Find you Passion, and here is the description:
Continue to podcast
Today, the topic is business and its definition from the Vatican. It is important to know this so we may expand our perspective and include the Vatican framework into our business activities.
Even if we are doing it, we did not stop to think about it. We accepted it as a learnt tradition. Maybe we can pause and ask what a business is (entrepreneurial venture) and what is asked of us as we do our business.
The most common answer to the definition of business in modernity is providing solutions to customers for profit. There are 2 important objectives here: solve problems and gain profit. Nothing wrong with these, in fact, innovative companies have given us comfort, created wealth and uplifted lives for centuries now. Because of them we have cars, computers, phones, and medical equipment that helped save lives to name a few. So thanks to Science and innovation. Continue to podcast.
From America to Zambia, good day. In this podcast I will talk about the effects of cancel culture on businesses and personalities. I am Jeff and you are listening to Business Class.
Theodor Geisel, wrote on a stationery while inside the ship to New York in 1936, the words, “And this is a story that no one can beat. I saw it all happen on Mulberry Street,”. A year later, that line became the book, “And to Think That I Saw It on Mulberry Street.” What a tongue twister. This is the first book that launched Geisel as Dr. Seuss.
Dr. Seuss was born in 1904 and died in 1991. He is a children’s book author, poet and cartoonist. His books sold over 600 million copies and have been translated in more than 20 languages.
My wife and I read Dr. Seuss’ books to our kids when they were toddlers, my eldest son would fall asleep as we read to him Mr. Brown Can Moo Can You? And when he finally learned to speak, he would moo with us. This, I guess, is the same for all the other parents out there because Dr. Seuss is a standard when it comes to classic children’s literature. So it surprised me to learn that his estate voluntarily stopped publishing 6 books with sensitive racial contents. Since then, a lot of articles have come out associating the news with cancel culture. I am not making a conclusion that the move to stop publishing is related or driven by cancel culture, and to clarify, Dr. Seuss has not been cancelled. According to the news, they just decided to stop printing. But since cancel culture has been mentioned and gaining limelight in culture and society, I think this would be a good opportunity to talk about what it is. In this podcast, I want to discuss cancel culture, wokism and how they are associated, and how it affects businesses and personalities. To understand the culture better we must first understand the philosophy behind it and its history.
Today I will give my insights on the book Lean Start Up by Eric Ries. I will also give an example on how I applied the principles to successfully start a business.
I came across the book Lean Startup by Eric Ries, back in 2012. After reading it, I knew this would be the book that will help entrepreneurs successfully launch their business ideas. This is also the reason why I have incorporated the lessons I learned from this book to my entrepreneurship classes, and I have also applied the principles that helped us successfully launch my consulting business. Check the book it here: Book
Are you fit for entrepreneurship? This is the question that begs to be answered in this podcast and if you have been asking this question to yourself, I offer you what Joseph Schumpeter has to say so your question may be answered by the end of this podcast.
This question, which has been asked a million times, is relevant whether you are 15 or 50. At 15, you start thinking what you want to be, and at 50, retirement is beginning to be a consideration.
Along the lines of am I fit for entrepreneurship are 2 other questions: am I made for entrepreneurship? And, will I be successful as an entrepreneur? The former would be hard to answer because it is philosophical in nature. The word made in the question presupposes there is destiny and asking if you are destined to be an entrepreneur can only be answered by you. On the other hand, the latter, asks about the future, which no one can answer. The only way to know is to test it and only time will tell.
Breaking free from middle age philosophy gave us liberty to think, and the consequence is individualism, the principle favoring one's freedom; Enlightenment gave us this gift. Now, Fast forward to post-modernity. The gift of this period to man is not just freedom to think but also freedom to create himself to his liking, self-definition or self-creation, whatever way you want to call it. Power has been bestowed upon men. As the US Army recruitment slogan goes, “be all that you can be.” It encourages man to do everything, to test everything, to experience everything. These gifts, however, came with a price. These options: ability to self-create and the idea to be everything we can be, put you and I in confusion, in an existential crisis. Now, we ask: What is my niche? Konosuke Matsushita helps us answer this complex question. I will share an essay he wrote in 1986 that gives a clue how he found his niche and its relationship to his mission. Hopefully, this will give you insights on how you can find your own place in life.
I have wanted to do a podcast dedicated to my mentor Dr. Ed Morato since the day I learned of his passing, but I have no idea what to write about. Dr. Ed Morato or Prof. Edmo, as we, his students, call him, was formerly the Dean of Asian Institute of Management, Chairman of Bayan Academy, a social enterprise, as well as the ACE Center for entrepreneurship, the program partner of Ateneo that runs their master in entrepreneurship program where I was a student. Prof. Edmo is a brilliant man who selflessly devoted his life for the development of social enterprises in the Philippines. He mentored thousands of entrepreneurs and educators that is why many people love him. He wrote more than 50 books, enough for his legacy to live forever.
Continue to podcast
Having a vision is vital to a business. It is a way of motivating people and helps in communicating where it wants to be in the future. Most of us are familiar with one type of vision, the corporate vision, the other, not much. Here, I will discuss and attempt to make a clear distinction between the two. Note though that one is not better than the other; both works together. I hope to bring clarity by the end of this podcast.
Vision in the context of business is defined as where the company wants to be in the future or how it sees itself in the future. This is how vision is defined in business books and in schools. Also taught is how a vision statement starts: to be the... continue to podcast
Hi! welcome to the continuation on the topic of market segmentation. in the last podcast, you heard the definition of market segmentation, benefits, and steps in segmenting business consumers. In today’s continuation you will hear an example on how a small training company segmented their business consumers to find their target, followed by an example for segmenting end users using a known company that made them a leader in the industry.
Now, let’s start from the last topic we discussed. How do you then segment the market? continue to podcast....
Do you every wonder why Starbucks and Dunkin’ can be beside one another or a few steps apart yet thrive and still grow? Could it be their coffee or donuts?
Thinking that products grow a business is a mistake. Many marketers have unanimously pointed the direction towards market segmentation as the key to business growth. Here is 1/2 episodes.
Peter Drucker is an Austrian author, educator and management consultant. He has been described as the founder of modern management, and being modern means that he approaches business with science and reason. Joseph Schumpeter, an economist, who tackled the topics of entrepreneurship and innovation, a friend of his father, is Drucker’s major influence on the said topics.
By now, most of us have heard from many management consultants and business authors that innovation is the key to survival and success of a company. This idea has been reduced to a philosophy: innovate or die, which is attributed to Drucker, but this is still a matter of dispute according to a Harvard article entitled, Innovation on the fly.
Here, I will share lessons on innovation I have learned from reading Peter Drucker.... continue to podcast
Let's talk about diskarteng pinoy and how it is present in our culture and mindset. What’s diskarte and where did it come from are few of the things that will be discussed here, and also, I proposed 2 kinds of diskarte.
In this podcast I will share the definition of entrepreneur across time. The key learning here would be the traits that define the entrepreneur. The importance is the understanding of the role and tasks of the entrepreneur that will guide aspiring and entrepreneurs in what they do.