It used to be Wall Street and Main Street.
Now it’s Wall Street versus Main Street.
When you read all the analysis, what can I add, other than connecting the articles to a story that highlights the challenges society faces through this pandemic. The stories are new, the underlying themes are not. I have been talking about them for a couple of years. What is new is that they are getting broader attention. Amplification.
Now we need to do something about it. Before we fall back into the ‘normal’. Or worse – accept a ‘new’ normal, because that is ‘just the way it is’.
Why People First? It’s a question that I am often asked.
Why not? If not people, then what should be first?
“ The questions being asked by mainstream media are primarily about how markets and business will recover – few ask how people will recover.”John Philpin
… Long Live Capitalism.
Here’s a snippet from a long-form interview of Yvon Chouinard in Fast Company.
Question : In the past, you consulted with folks at large companies, such as Walmart, and came away not so convinced of their actual ability to pursue sustainability. If we’re looking to create a better version of capitalism, what do you think should be done with publicly traded companies?
Sadly, this wasn’t what I thought this was going to be about.
“Platforms have become one of the most important business models of the 21st century. Five of the six most valuable firms in the world are built around these types of platforms. However, a study of 252 platform companies showed that 209 of them failed. The most common mistakes into four categories:
(1) mispricing on one side of the market,
(2) failure to develop trust with users and partners,
(3) prematurely dismissing the competition, and
(4) entering too late.
Researchers have extensively studied pricing decisions, yet managers still get them wrong. A platform often requires underwriting one side of the market to encourage the other side to participate. But knowing which side should get charged and which side should get subsidized may be the single most important strategic decision for any platform.”Kyle Westaway
Interesting what each of us takes away when we read articles. The quote above is from Kyle Westaway – and indeed nothing wrong with his takeaway. But there is more – and even the HBR article doesn’t really get down to it.
Strategies for Resistance. A visual documentary of subvertising, an essay against the ad-man.
Excuse the language – but that is the name of the book. The link takes you to their kick-starter.
Funny. Been thinking of doing a kick starter for my book, but I am too busy writing to spend another chunk of time thinking about what the campaign would look like.
Needless to say I have done my pledge – it is such a People First topic that I couldn’t resist and as an extra message, the campaign deadline is my birthday. The ether was in alignment!
My thanks to John Wunderlich for the heads up.