Categories
Innovation Strategy

Culture vs Strategy

Strategy involves understanding your current position, deciding on a destination, and charting a course from here to there. Culture is about who you are, and why you do things. Culture is arguably more important than strategy because, if you look at it over the lifetime of a product or an organisation, the culture is the […]

Categories
Economics

Cannibalisation Is Not A Useful Choice Of Language

Phil Libin, CEO of Evernote, doesn’t like the word “cannibalisation” because it’s zero sum. It implies that you’re the guy doing the eating or being eaten. He says being in business is not like playing a sport or being in warfare. It’s more like music, it’s more like art. It’s not a zero sum game. […]

Categories
Strategy

Love vs Lock In

Economists love to talk about “scarcity” and the fact that we live in a world of limited resources. However, in the digital world this need not necessarily be the case. Phil Libin of Evernote is of the view that if you’re in a traditional industry like minerals extraction or transportation, then customers will either go […]