The Joy Killers - A business murder Mystery.6 Elo 2021

1. S6 EP Using Live Commerce to stand out, Amazon for e-commerce, Sunk Cost Fallacy

Our first article from McKinsey looks at how live commerce is transforming the shopping experience. By blending entertainment with instant purchasing, live commerce provides the solopreneur the opportunity to stand out from the crowd.

Then we turn to McKinsey Digital “Building e-commerce ecosystems on Amazon. A conversation with Rainforest’s JJ Chai” a cofounder of the Singapore based e-commerce aggregator. By looking at what Mr. Chai looks for a potential acquisition you can learn where you should focus your efforts and maybe achieve that big payday as you exit your business.

After that it is time for some self-refection. From the Harvard Business Review – How susceptible are you to the sunk cost fallacy? Have you continued a project too long after you should have abandoned it? Dragged yourself to an event in miserable weather just because you already bought a ticket with your hard-earned cash. These are examples of the sunk cost effect. Later in the show I will let you know what the author, David Ronayne has to say on the topic. Also, how you can assess your own susceptibility to the sunken cost, or continuation, bias.

Finally from Gartner Business Quarterly we can learn why do executives move forward with Strategic initiatives when they see pitfalls ahead. The author Marc Kelly says its due to overconfidence and in most cases their confidence is not justified.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(237)

Retaining Top Talent When Promotion Isn't an Option

Hello listeners, it's Jeremy Gray here, ready to dive into another episode of "Practical Solutions to Difficult Problems." On today's show, we're unraveling an all-too-common tragedy in the business w...

20 Huhti 202412min

Ascending Past Ability: Navigating the Pitfalls of the Peter's Principle

Hello everyone, and welcome to "Practical Solutions to Difficult Problems." I'm your host, Jeremy Gray, and today, we're going to unravel a particularly tricky issue that haunts many businesses – the ...

19 Huhti 202412min

Handling Poor Employee Performance: A Guide for Business Owners

Welcome to Practical Solutions to Difficult Problems. In this episode, we'll be delving into the challenging issue of dealing with underperforming employees. I'll be sharing practical strategies and p...

18 Huhti 202412min

S17 Wk1 E4 From Adversity to Entrepreneurship The Inspirational Journey of Lorna Farrell

Welcome to Practical Solutions to Difficult Problems. In this episode, we meet Lorna Farrell, a Scottish motivational speaker, poet, and activist. Despite facing challenges with disabilities, Lorna ha...

17 Huhti 202412min

Resource Inventory Key to Achieving Business Goals

Hey there, welcome back to Practical Solutions to Difficult Problems! In today's episode, we're diving into the nitty-gritty of running a successful business. I'll be walking you through the crucial t...

11 Huhti 202412min

S17 Wk1 E2 Uncovering Business Joy Transforming Your Vision for Success

Hey there, it's Jeremy Gray from Practical Solutions to Difficult Problems. In today's episode, we're diving into the key questions and exercises that will help you rediscover the joy of entrepreneurs...

10 Huhti 202412min

S17 Wk1 E1 Rekindling Business Joy Mapping Out Your Path to Success

Hello and welcome back to Practical Solutions to Difficult Problems. I'm Jeremy Gray, your host, and in today's episode, we're diving into the concept of "Joy Killers" in business. Join me as we explo...

9 Huhti 202412min