"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
For the last several weeks, Time magazine has been running a series of articles on the "Future of Retail". Following are the four topics highlighted to date:(Retail) Companies That Profit By Investing in Employees - http://ow.ly/dK1rQ Will Amazon Take Over the World? - http://ow.ly/dK1uu Reports of the Shopping Mall's Death Have Been Greatly Exaggerated - http://ow.ly/dK1wB
Meet Michelle Phan, a retail consumer turned YouTube video star by simply going shopping. Follow this link to see her "$20 Makeup Challenge Haul (video)" http://ow.ly/dzhdI that has gone viral with almost 1 million views from around the world.
Eighteen months ago, ran across an article highlighting a new YouTube phenomenon labeled "Haul Shopping Videos". Always keeping on eye on the future of retail, pondered at that time whether this was a fad or a trend of the continued industry evolution.
The current pace of RFID retail expansion and its historical roots sometimes reminds me of that age old question that an innocent child always asks on that long car trip - Are we there yet?
Contemplating that question led to the selection of the following as my favorite post from this past week:
The 2012 London Olympics are now history. As we all cheered through the thrills of victory and yes the agonies of defeat (ABC Sports), we probably missed were some key marketing lessons as they relate to branding. For the Games of the XXX Olympiad, a new technology subplot emerged that in the future will lead participating companies that understand it to either win gold in branding or go home without a medal. Thinking of the marketing lessons from the 2012 Olympics led to selecting the following as the most important post of the week:Four Leadership Lessons From The Olympics http://ow.ly/cOrdW
Some key 2012 London Olympics statistics to set the scene: