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  Why Businesses Fail? S01E05

  Amar Deshpande

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  The One Trick Pony Or, How Lack of Product Development and Innovation can lead to business failure
  
  If we scan the pages of business history, we will find many organizations that once dominated the market segments they operated in. But over time, they simply faded away. The reason in most cases was lack of innovation or ability to adapt to changing market conditions.
  
  Focus on a single product or a service is not a bad way of doing business. In high precision industries such as medicine, optics as well as technology services, there are many great organizations who excel at doing one thing, and one thing right. But reliance on a single product over a long period can prove detrimental to the business.   The title of this episode is derived from a popular term in the United States - a One Trick Pony. The term draws from the era when entertainers in circuses or fairs used to display a variety of tricks to wow the audience. Out of a quiver full of tricks, one or two used to wow the audience, and they used to keep coming back for more. But what if there was a show horse or a Pony who could perform only one trick? The Audience might visit the Act once, maybe twice. But that would pretty much be it.
   We use this term in this episode to describe a company that depends on a single product or service for its survival. Listen to this episode of Why Businesses Fail to get a deeper perspective on this topic.

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  The Perfect Buyer - What to Ask...

  William Walls, Shelly Lanich

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  Having questions is great. Knowing the answers makes it perfect. 
  Do you have 10, 20, or even 50 questions ready to go for the buying process? We start you off with over 100 specific questions all buyers should ask of their real estate professionals. We even give you the answers you should receive. How nice is that? 
  In this book, we give you the exact questions to ask and the answers you should be receiving, all in one resource. 
  The Perfect Buyer is your guide to becoming an informed buyer based on actual questions all buyers should ask when purchasing a home. These aren’t questions like rent vs. buy and how to save for your dream home. These are the exact questions you need to ask. 
  The problem is that you usually don’t encounter these questions until you have actually started with the buying process. You have no time to think it over and all of your decisions are made under pressure. Wouldn’t it be great to know all of this before you ever start? Now you know. 
  You need answers well before you contact a real estate agent who helps you purchase a home. 
  In this book you will learn:Over 100 exact questions to ask to become totally informedThe answers you should be hearing from the professionals around youHow to become the perfect buyer in less than 2 hours 
  If this is your first home or your tenth home, you will now be armed with an entire book of questions you can use today, as you start the buying process. 
  You literally need no experience in purchasing a home to become the perfect buyer. With over 50 combined years of real estate transactions, we have chosen the most important questions a buyer needs to ask to become totally prepared. 
  Also available in EBook and Paperback.

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  The Samsung Way -...

  Kyungmook Lee, Jaeyong Song

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  Learn how to manage, lead, and succeed . . . the Samsung way. 
   
   
  Based on ten years of research and interviews with 80 top executives, the award-winning The Samsung Way is the first definitive guide to the groundbreaking management principles that transformed a lagging electronics company into one of the most successful brands in the world. 
   
   
  Combining professional insights from Samsung insiders with practical applications for managers, executives, and CEOs, this powerhouse of a book shows you how to: 
   
  Speed up decision making and execution, on a bigger scale. 
   
  Create a convergence synergy among diversified businesses, while staying competitive in core businesses. 
   
  Mix and match Western and Eastern management styles. 
   
   
   
   
  Also known as “The Three Paradoxes of Samsung Management,” these seemingly contradictory goals are the keys behind Chairman Lee Kun-Hee’s now-famous New Management Initiative-the business plan that drove Samsung to become the number-one leader in mobile phones, televisions, semiconductors, and other electronics. A revolutionary-and time-tested-approach to innovation, Samsung’s management principles will help you find the perfect balance of styles by combining the best of all worlds. 
   
   
  This ingenious step-by-step guide shows you how to implement Samsung’s proven techniques for grafting American business practices onto a Japanese system, thus keeping costs low and bringing about differentiation. You’ll learn how to achieve both economies of scale and speed in this era of a hypercompetitive world. Best of all, you’ll drive new ideas and innovations at every level of your company while building on your greatest strengths and successes. 
   
   
  That’s The Samsung Way.

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  Choose the Handle That Holds - A...

  Becky Schmooke

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  Here’s the truth: Leadership isn’t handed to you with a job title, a corner office, or a trophy. It’s not about managing others or fitting into someone else’s mold. Leadership is built in the choices you make every day—how you show up, face challenges, and own your moments. 
  In Choose the Handle That Holds, Becky Schmooke dismantles the myths that make leadership seem out of reach. Through her own candid stories, humor, and lessons from professional athletes, military leaders, media executives, and more, Schmooke proves that leadership isn’t about power but about small, intentional choices that lead to big impact. 
  More than anything, leadership is the difference between merely passing time and truly living. Grounded in timeless Stoic wisdom but refreshingly relevant, this book is packed with tools like SAFE and STOA to help you navigate life’s challenges, make meaningful decisions, and live with purpose. Don’t let this book collect dust on your shelf. Use it as a guide you pick up again and again whenever you need clarity, confidence, or a reminder that leadership starts with you. 
  Whether you’re leading others, building a strong foundation for your family, overcoming adversity, or striving for personal growth, this book will remind you that leadership is a lifestyle—and it starts with how you live every day.

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  The Future Ready Organization -...

  Gyan Nagpal

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  What do companies like Walt Disney, Apple and Google have in common? How did Apple go from near bankruptcy to becoming the richest company in the world in just fourteen years? How is the nascent success of Airbnb rewiring Marriott's business model? Is Uber showing us the blueprint of future business? How do the distributed and dynamic capability models powering these businesses distinguish them from traditional competitors? Dynamic Capability Management provides the road map for proactive disruption. It helps modern businesses deal with volatility, rapid growth and new skills in a much smarter manner. This ground-breaking book explains why Dynamic Capability Management is the way to go for the future-ready organization. It demonstrates how traditional management practices are evolving to meet the needs of a blended workforce. It shatters conventional organizational structures, provides a robust new talent framework and presents a practical blueprint to make any business truly future-ready.

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  Why Businesses Fail? S01E10

  Amar Deshpande

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  In the previous episodes of Why Businesses Fail, we have covered a variety of causes for business failure, ranging from Cyber Security to failure to innovate. But one factor has caused more business failures than others. And that factor is Financial Fraud or a financial scam. We had intended to include this reason for failure as a separate episode. But we found not many subject matter experts were willing to go on record to share their experience or insights on Financial failure. This episode covers some softer elements of a financial fraud- loss of reputation, morale of employees, and strained business and inter-personal relations.
   What happens when the largest Internet providers decide to switch off the internet service to a particular part of the world? The recent events in Eastern Europe have impacted cloud based services used by many organizations, for customer support and technology development. Is over reliance on cloud solutions – blinded by the appeal of cloud based services, alone a reason for failure? The Answer is probably no. Is a lack of a Plan B a cause for failure? The Answer is definitely Yes.
  
  Many of the instances cited in this episode can be summed up as "Law of Un Intended Consequences". One example is -Increased commodity prices leading to an increase in electricity costs causing datacenter to raise prices, resulting in cloud based providers raising prices for their customers. But is increased price the only option for the providers? Not adopting an innovative approach to pacify or even delight customers in challenging times certainly is.
  
  We conclude this series by alluding to some other factors, including: entering into partnership with an organization where values (or valuations) do not match, choosing the wrong brand ambassadors or mascots, and even mergers and acquisitions are some of the reasons for Why Businesses Fail.

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