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When a large corporation puts money into a small startup, huge innovations can result — like the rapid-fire development of a COVID-19 vaccine. The first two vaccines to win U.S. regulatory approval both came from biotech startups that had received equity investments from pharmaceutical giants: · In January 2015, Merck took a $50 million stake in […]
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Abraham Maslow’s Hierarchy of Needs implies a linearity, with self-actualization crowning our enlightenment, once the rest of the pyramid’s ‘baser needs’ are met. While powerful, it is a misguided notion. In reality, we need to start “at the top”. Here’s why. His was a brilliant piece of reflective­­­ — if intuitive — insight that gave […]

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Value creation is the essence of business. Value is what attracts and keeps customers. Value is what attracts and retains employees. It’s also what attracts and maintains relationships with investors, suppliers, distributors and the wide range of other stakeholders who are critical to the firm’s long-term success. A business that does not create value will eventually […]

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I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […]

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