What is the standard?
If businesses are judged by the amount of money created, then the metric is revenue. If they are judged based on the ability to make a positive change in people’s lives, then the metric is the purpose of the business.
Tag: Entrepreneurship
Purpose and profit
Making money out of money and maximizing profits irrespective of the quality of the products and the working conditions for people have characterized the capitalist narrative. A crucial difference exists between the amount of value created by companies and the amount of money they generate. If businesses are judged by the amount of money created, […]
Entrepreneurship is not about starting a business
Most people think that entrepreneurship is about starting, organizing, and managing any enterprise and selling anything to people. They think that leadership is about maintaining that enterprise and managing people. Entrepreneurship is a serious and genuine attempt at solving big problems. It is about addressing them in a business model. Entrepreneurship is not about selling […]
Studying leadership
Before practising any trade or a profession, a great deal of study or training is required to perform it right. The case is different for studying leadership. Careful, I am not talking about the irrelevant leadership which is mistakenly taught as a management subject in most business schools. Also, there is a big problem in […]
Me-too companies
The problem with me-too companies is that they lack the problem-solving capacity. Quality is not an objective. They exist to produce similar products and deliver unneeded services. They confuse customers. When problems arise, they do not deal and ignore the following key fact: How a company disintegrates tells us much about why it was structured […]
Who fails the business?
Bad design and a weak foundation are the contributing factors to the collapse of any building. In these cases, certainly, the architects and the civil engineers are at fault, not the workers who build the building. Even a well-designed building will not stand on a bad foundation. The engineers’ top priority is to ensure the […]
Two kinds of companies operate in the world.
The first seeks to maximize the positive impacts for people through solving the problems facing them. The other maximizes profits by ignoring or creating problems. The first one is genuinely empowering people, and the other one is negatively impacting them. Which one is your business?
Are you a doer or a watcher?
By definition, the doers do and the watchers watch. The doers pioneer their way and the watchers just sway. The first are leaders, whereas the second are followers. The doers are entrepreneurs and the watchers are employees. The doers are number one, whereas the watchers are all the other numbers. The doers’ attitude, let’s go […]
The ABCs of running a business.
Do not compromise on prices, improve your offerings Lower prices do indicate that the seller has compromised two main things, either the quality of the products or the working conditions for the workers. Discounts attract customers and empty shelves, but when they become repetitive and bottoming down the prices is the strategy, things go wrong. […]
How I think about leadership in business
The missing link in most organizations around the world is the absence of the purpose language that its absence reinforced the continuity of the factory model of management and spurred the process of dehumanization.
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