Dr. Art Langer interviewed Mr. McDermott about his new book Winners Dream: A Journey from Corner Store to Corner Office
He talked about 4 major areas which will lead to extraordinary success for executives.
1. Humility : Any one who aspires to be a leader or even a manager must have lots of humility.
2. Trust: A leader must be able to trust others as well as be trustworthy. This is the secret of being authentic.
3. Discipline : Leadership is a 24X7 thing. Its a constant process of learning and executing. To achieve that level of mental and physical stamina, one must have loads of discipline.
4. RoC (Return on Character): Bill talked about how character plays in the long run. One may get ahead for short periods of time by lying, taking others for a ride or other negatives. But in the long run, only people with good character win the race.
It was a fantastic event!
I know why some of you may think I am just throwing off these ideas. Unless executed well, all ideas are….just ideas. Hence, instead of wasting them away, here I am posting so that some one may get “some other ideas” to build a startup around them.
Spending hours in airports either waiting for luggage or waiting for someone can be a painful activity. Especially in international airports.
Imagine you are waiting at the baggage carousel. The airlines know your name AND know which is your luggage (I hope so). Why can’t be a display system which keeps showing once the baggage drops into the conveyor belt, its scanned and a large display screen shows that your baggage has been dropped. A revenue model? How many Samnsonite’s or American Tourister (even Tumi lovers!!) names would love to show off their brands, if they are displayed like this image!. Or even an app which can get the data from the airport scanners at the loading zone. I would pay $2.99 for that app.
OK…now either you are a passenger in a a strange airport or you are a host waiting to receive a guest whom you have not met. Can there be an easier way? Imagine simply putting a numbering system which is displayed on a large screen that a John Doe is waiting for Jane Doe with a number? Imagine all those guys carrying name plates and searching for your own name etc…Cant there be a smarter and simpler way?
“Certainly, travel is more than the seeing of sights; it is a change that goes on, deep and permanent, in the ideas of living”……. Mary Ritter Beard
Being an avid user of Apple and all of its products since 1994 (except Apple TV), I have 3 major problems with iPhone6. If Steve jobs was alive, may be he would have never released this phone to market.
1. The Camera: iPhone has a camera which protrudes out. Ouch!!! So beautify designed product, except for one damn thing which sticks out. How did Mr. Ive allow such an obvious flaw?
2. The grip: This phone has the smoothest edges. Faaaar too smooth. You are bound to drop it. Its so curvy and smooth, I hated when it dropped. Yes I did drop it a few times!!
3. The fragile glass: The smooth edges leads to obvious drop which breaks the glass. I know, it breaks some hearts too. Couldn’t they have made a little stronger and more durable glass. And its very expensive to fix it. Watch out.
OK enough of complaining…today AAPL stock is at $117 and approximately $682 billion (yes…$682,000,000,000). This still a very low valuation compared to its industry peers. P/E is still 15.79. Where as Google (GOOG) has a valuation of $354B valuation and P/E of 25. So, apple has a lot more to grow.
Will it touch a $1,000,000,000,000 (1Trillion $) valuation…probably.
Whats the next break through innovation? Apple pay or Apple watch or Apple TV(with a TV screes..not just a box, which even I will buy).
Or has the stock peaked? Its a trillion dollar question.
The start of the New Year is a good time to reflect on the year past and to make a new start, whether in your career, your relationships or your health. Post these quotes in areas where you can see them as the year starts and keep them in mind throughout the year to help inspire you to make next year the best ever.
I finished reading SAP CEO Bill McDermott’s book Winners Dream: A Journey from Corner Store to Corner Office
I enjoyed the reading because its simple, straight forward and touches the heart. There is no complicated jargon, no mega theories and no big company CEO speak.
It makes you feel you are talking to a friend in a soft tone. Just sharing some wonderful experiences.
It boosts readers confidence that if you stay focused, work hard and put customers interest always in your heart, success will come. That has been Bill’s life. He gives no-nonsense account of how to build a great team which eventually brings success.
A brilliant book!!
But India’s MOM was more a defence mission than simple space odyssey. Right? Imagine you can launch a rocket deep into space and change direction to land/blast at a specific target. Remember star wars? Who needs ICBMs and other missiles?
Finished reading “Hard Thing About Hard Things” by Ben Horowitz. I couldn’t keep it down till I finished reading!!
This is a “must read” book for all leaders, CEOs, CxOs and would-be entrepreneurs. With a great mix of funny quotes and rap snippets, he has narrated the story of how he built his companies and what it really takes to build a great company.
Far better than the run of the mill management books that we read on a regular basis.
Whats app got sold for a cool $19Billion to Facebook Inc (NASDAQ:FB).
But why should Apple (NASDAQ: AAPL ) stock jump?
There are some 450Million users of Whats App. So their CLTV (Customer lifetime value) works approximately $55/user.
Apple has SOLD at least 500Million+ iPhones. All of them comes installed with iMessage. And most users use this app anyway. And these are your users who pay $600-$700 per handset!!
So, shouldn’t the value of Apple change & go up by another cool $20Billion? I have not seen any research report which puts $20Billion value for iMessage.
Blackberry BBM = Please don’t Cry