The post kings of companies appeared first on lenny benaïcha strategic technologist.
]]>The original quote — in the land of the blind, the one-eyed man is king — is credited to Desiderius Erasmus’s Adagia around the year 1500. Half a millennium later, the principle remains underrated.
While all your competitors focus on the ultra-short-term, hiring whoever applies, the companies who have a long-term strategy, will reign supreme. Those companies take bi-directional professional expectations into account to build a career perspective.
All hail to the kings of companies.
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]]>The post trailing appeared first on lenny benaïcha strategic technologist.
]]>Never underestimate a hungry underdog.
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]]>The post on a platter appeared first on lenny benaïcha strategic technologist.
]]>Easy to copy business models don’t allow for the business owners to share all their know-how. Reason why? With that know-how, everybody can replicate that business model in a matter of days.
On the other hand, a business model that is hard to copy allows the business owners to share their unique insights. Years of development, an expensive production process, or validation trials could make the business model hard to replicate. From that point of view, owners could share their know-how, even evangelize through thought-leadership.
The caveat is as follows. If the party on the other end of the table has virtually unlimited funds and resources, sharing unique insights is always a risk. Regardless of the complexity of the business model and its ease to copy.
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]]>The post impress yourself appeared first on lenny benaïcha strategic technologist.
]]>Like Ernest Hemingway once said: “There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.”
If you must impress someone, impress yourself.
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]]>The post business grand prix — sportsmanship appeared first on lenny benaïcha strategic technologist.
]]>Finishing second or lower is sometimes hard to understand, especially after a prolonged super natural performance. Even with the maximum amount of planning and preparation, many things can happen. Maybe a racer performed better, but their car is slower than their competitors.
In races, as in enterprises, so many things have to go right. A plethora of different aspects to master, many of them which are hard to control.
In a grand prix, when a racer falls behind, the only option they have is to play catch-up. Too much focus on the car in front almost certainly results in copying their mistakes. When the racer, who is under attack, feels pressure, they might miss their braking point only by a split second, causing them to miss the turn. At all times, a racer must drive their own race.
To compare is to despair. Focusing on why a competitor appears to be “luckier” has no value. Focus on improving your business, with dignity.
This is the ninth and final part in the business grand prix series.
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]]>The post race against everything appeared first on lenny benaïcha strategic technologist.
]]>Without knowing who your competitors are exactly, you have no option but to try as hard as you absolutely can. Are you lapping the last racer? Are you overtaking the leader? Going all out all the time isn’t the most sustainable strategy.
Opponents must be identified first. Without knowing their characteristics, you’re racing against yourself.
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]]>The post goliath and goliath appeared first on lenny benaïcha strategic technologist.
]]>What if the big incumbent’s solution leaves no stone unturned and genuinely is incredible? What if Goliath can service the entire market and excels at doing so? Finally, what if part of their proposition is an incubator where Goliath looks for small fish, allowing them to hitchhike and help them grow into Goliath themselves. Even if they don’t turn out to be a Goliath in the end, as long as they get it right now and then, they’re still winning.
Stuck in a seemingly impenetrable market. There is bound to be something in which your (currently) small company can outperform Goliath. Perhaps a niche? Maybe a level of personalized service? Keep looking for that gap until you find it.
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]]>The post catch-up struggle appeared first on lenny benaïcha strategic technologist.
]]>In motorsports, overtaking is usually a risky maneuver. Imagine getting caught in Michael Schumacher’s slipstream at the first long straight after start/finish on Spa Francorchamps. Adrenaline rushing through your body. At 350 km/h, braking a split second later could mean the difference between becoming world champion or getting gravely injured.
Catching up is, generally speaking, difficult. What’s true of traveling and sports is also true of entrepreneurship.
Catching up to a competitor is equally challenging. Ernest Hemingway once said: “There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.”
Focus on you. Focus on the added value your company creates. Playing catch-up is a challenging game to win.
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]]>The post hostile compassion appeared first on lenny benaïcha strategic technologist.
]]>“Enemy” is a strong word. One that I like to avoid. However, in business, you most likely will encounter a rival or two, and even fellows competing for the same spot, causing you to somehow unite in adversity.
In sports or (performance) arts — as in entrepreneurial careers — so many sacrifices are being made to achieve success. Your opponent understands your struggle because they made the same sacrifices. Perhaps that’s why there is often a fine line between love and hate.
Keep expanding your network daily for personal and professional growth. Likemindedness can be found in unexpected places.
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