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1 Amy Schumer & Brianne Howey on the Importance of Female Friendships, Navigating Hollywood's Double Standards, Sharing Their Birth Stories, and MORE 50:05
Business Trendsetter Podcast - That’s the Day GE Died
Manage episode 410691277 series 3257207
April 2, 2024 was the day General Electric died. After 132 years, the behemoth founded on invention and innovation by Thomas Edison is no longer. How could one of the founding members of the Dow Jones Industrial Average suffer such a fate? After all, just 24 years ago GE – led by Jack Welch – was the most admired company in the USA; and one of the most admired globally.
Simultaneously, Boston Market has disappeared. Down to just 1 store left (in Newark, NJ.) Once a glowing winner in fast casual dining, and owned by the behemoth McDonald’s, how could such a famous brand just disappear when it has so much resource behind it? McDonald’s spun out Chipotle, which has gone up 70-fold since going it alone 18 years ago, while McDonald’ has only gone up 8 fold while killing Boston Market.
This podcast explains how a focus on earnings, at the expense of revenue generation, doomed both companies. Trying to defend & extend old businesses, rather than growing new businesses far more on trend, was their demise. And the same will befall any business, just like these monsters, if you put profit in front of revenue generation.
Thinking Points:
- Do you put earnings performance or cash flow ahead of revenue when making business decisions?
- Do you look to improve your performance more by selling more, or cutting costs?
- Do you think focusing on your core is more important, or bridging into new businesses to find new revenue streams
- Do you know your customers biggest poorly met needs, or are you too busy trying to keep them buying what you’ve long been selling?
209 bölüm
Manage episode 410691277 series 3257207
April 2, 2024 was the day General Electric died. After 132 years, the behemoth founded on invention and innovation by Thomas Edison is no longer. How could one of the founding members of the Dow Jones Industrial Average suffer such a fate? After all, just 24 years ago GE – led by Jack Welch – was the most admired company in the USA; and one of the most admired globally.
Simultaneously, Boston Market has disappeared. Down to just 1 store left (in Newark, NJ.) Once a glowing winner in fast casual dining, and owned by the behemoth McDonald’s, how could such a famous brand just disappear when it has so much resource behind it? McDonald’s spun out Chipotle, which has gone up 70-fold since going it alone 18 years ago, while McDonald’ has only gone up 8 fold while killing Boston Market.
This podcast explains how a focus on earnings, at the expense of revenue generation, doomed both companies. Trying to defend & extend old businesses, rather than growing new businesses far more on trend, was their demise. And the same will befall any business, just like these monsters, if you put profit in front of revenue generation.
Thinking Points:
- Do you put earnings performance or cash flow ahead of revenue when making business decisions?
- Do you look to improve your performance more by selling more, or cutting costs?
- Do you think focusing on your core is more important, or bridging into new businesses to find new revenue streams
- Do you know your customers biggest poorly met needs, or are you too busy trying to keep them buying what you’ve long been selling?
209 bölüm
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1 How the New CEO is Screwing up Starbucks, and the Lessons from DeepSeek Release 36:06
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1 To Grow Like Netflix Find New Markets 29:02
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1 Building a Community - Frank Vidal - Founder, Thrive 44:52
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1 Will Your Biz Move Forward, or Backward, in 2025 34:20
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1 Transforming Technical Staffing - Molly Gravatt - CEO and Founder 34:52
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1 GM Writes Off Cruise Robotaxi Business – Lessons Learned 35:29
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1 In 2025 Managing for Change – Separate Risk from Uncertainty 30:37
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1 Post Election Scenario Planning – Needed Now More Than Ever! 33:31
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1 What Nvidia Replacing Intel on the DJIA Means for YOU 34:18
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1 Return to Office Mandates Are a Bad Idea 31:30
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1 It’s All About Growth – Starbucks, Tesla and Pharmacy Retailers 34:35
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1 Use Trends to Make Better Business Decisions 34:10
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1 You’ll Succeed or Fail Based on Knowing Your Value Proposition 31:31
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1 Recognizing Trends and Innovatively Exploiting Them 32:32
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1 Why Conventional Wisdom Can Lead to Big Business Problems 31:35
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1 How You Can Succeed Like Microsoft 32:14
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1 When “Best Practices” Become Deadly 29:19
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1 Invest In New Markets to Avoid Intel’s Failure 33:26
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1 How YouTube Became #1 on the TV and Why It Matters to You 29:51
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1 Intel’s Collapse – The Takeaways 32:02
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1 To Succeed Know Your Value Proposition Better Than Your Value Delivery System 23:54
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1 What Skills Do You Need to Excel at Artificial Intelligence (AI)? 27:13
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1 Real Time Case Study – Lessons for Leaders from the Biden Crisis 30:14
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1 To Grow Know Your Customer!!! 29:20
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1 Geopolitical Scenario Planning for All of Us 33:03
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1 How to Apply Big Trends to Your Company – Like Apple 31:55
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1 Make It Now – Using 3D Printing to Charge Up Your Growth 30:49
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1 Follow the Money To Win Planning with Trends 32:31
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1 Why Most People Are Wrong Most of the Time 31:12
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