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"With high hopes for the future, no prediction is ventured." - Abraham Lincoln

On March 4, 1865, the above words were spoken by Abraham Lincoln in a short, yet very powerful speech given on the day of his second inauguration as President of the United States. As backdrop to this speech, Lincoln had just won a major legislative win in passing the 13th Constitutional Amendment abolishing slavery (as dramatically depicted in the current Steven Spielberg movie) and the Civil War raged on taking over 620,000 lives (the most of any war in USA history) by the time it ended in April 1865. The same month the war ended, roughly one month after this speech, Lincoln was assassinated.

 

"51% of (consumer) respondents said that, in the next eight years (by 2020), they expect retail locations to be showrooms for selecting and ordering products." - CapGemini Study (*)

As a follower of both technology and retail, this is the season to think about what gadgets need to be on the holiday shopping list.

 

"Individuals score points, but teams win games." - Zig Ziglar

Have you ever been part of a highly motivated team breaking through cross functional barriers with everyone wanting to assist in accomplishing a clear mission targeted at delivering clear results? That breakthrough moment when all the team members are pitching in new ideas and each of those ideas builds great content that everyone buys into to the next level of success. These "can do" euphoric moments do happen and what you are experiencing is that great feeling of being on a winning team.

 

This week's favorite post is all about communications. It is a great reminder that communications is one of the most critical elements for the success or failure of any business. It is also the key component for a satisfying and fulfilling personal life with family and friends.

· Favorite post from this past week: From Harvard Business Review "The Silent Killer of Big Companies" ow.ly/eOUhq

 

"Change is the law of life. And those who look only to the past or present are certain to miss the future." -- John F. Kennedy

Life is either an adventure where you explore opportunities to take advantage of all the changes around you or it is bystander sport where you sit there and watch it going by. My favorite post this week was another reminder on the accelerated pace of change we are all experiencing.

 

This week's favorite post was a reminder of one of the initial books that started my personal journey in trying to decipher future technology and retail trends by tracking key global indicators and industry influencers. The title of this blog is actually from a quote in John Naisbitt's book Megatrends. His exact words were that "we are drowning in information but starved for knowledge". There are multiple parallels between this past week's favorite post, Naisbitt's book, and emerging retail data trends.

Favorite Post this past week: The Mega-Trends That Are Changing Retail Forever. http://ow.ly/erxlQ

 

" The (RFID) industry got out in front of its headlights and over invested in a phenomenon that just wasn't ready to take off yet—and that, by the way, happens all the time. The RFID industry, in general, has underperformed, because it was impatient and tried to drive toward a tornado too quickly. It is easy to see that in hindsight. There are real problems to be solved, and in the current market's state of adoption, end users want to give RFID companies money, but not for tags and readers. They want to give them money for solutions to their problems. If the RFID industry responds to that, it will be successful." -- Geoffrey Moore, Author of Crossing the Chasm, as quoted in RFID Journal (June 4, 2012)

 

Building on last week's blog on your own unique success formula, this week we focus on translating those personal skills into profitable business ventures. My favorite news item this past week led me to re-read the Top 10 Rules for BUSINESS SUCCESS written by Wal-mart's founder Sam Walton that are on display in my office. These top ten business success rules are all about focus, passion, discipline, commitment, boundaryless communications, and motivation to win. In other words, familiar themes that build on the personal success formula discussed last week.

 

My favorite post this week went viral on the Business Insider web site with almost 1.4 million views. The article reminded me that the journey of life that we are all on is unique for each of us. There is no magic formula for success. Ultimately, we make the choices on which path to take in our personal future. In many ways, information around us is the food to our thoughts that leads to the choices we make. What we choose to read, what we believe in, how we decide to turn our thoughts into action helps shape the journey.

 

To promote excursions and products from the country, the India Ministry of Tourism has been running a marketing campaign with the brand line "Incredible India." My favorite post this past week was a reminder that this same tag line "Incredible India"can be applied to the nascent modern organized India retail industry.

Favorite Weekly Post: Government of #India opens #retail supermarket sector to foreign chains. http://ow.ly/dJask Good news for global retailers, eg #Walmart