Tesla Shows How Traditional Business Metrics Are Outdated
At the core of the confusion over a company like Tesla is that traditional business metrics are outdated and can create overconfidence or underestimation. Classic metrics like market penetration and market share, which many leaders are measured on, are the very things causing us to miss market opportunities and threats. I consider someone like Musk to be a category creator — someone who doesn’t rely on incremental innovation but instead changes the rules of the road entirely by creating a new category. In that landscape, our established modes of measurement just don’t work.
5 minute read - sometimes I send an article to colleagues first, one reaction I got was 'so what he creates new metrics', I'm not so sure its as simple as that, I think the way that Tesla has reinvented the automobile and business model is something that the industry still 5 years later is struggling with ^ADJ
Your latest tech news from Lightwire
The Team at Lightwire have been pretty busy, tech update for those that are interested.In this inaugural edition, our founder, Dr Murray Pearson, describes how we're optimising our rural wireless broadband towers (sites) and trialling Next Generation Technologies across the network.
We also introduce our recently launched Rural Broadband Extensions, and describe our challenges in building a complex, private network that connects all 104 of Hamilton City Council's traffic lights.
2 minute read
Why a Great Individual Is Better Than a Good Team
Anytime a CEO, quarterback, engineer or author is paid ridiculous amounts of money, dozens of investors, armchair quarterbacks, and scholars jump in to debate the value of individual contributors versus teams. Bill Taylor wrote the most recent of many interesting pieces, where he argued provocatively that “great people are overrated,” in response to Facebook CEO Mark Zuckerberg’s comment that a great engineer is worth 100 average engineers.
4 minute read
ZipRecruiter’s CEO on Building a $150+ Million Business
CEO of ZipRecruiter sits down with OpenView and interviewed on the start-up journey, and the lesssons leanrnt on product development, growth and marketing.
6 minute read
I’m Sorry, But Those Are Vanity Metrics
Our taste for vanity metrics starts early. Take schools, in which most students receive grades. Does an “A” reflect the promise of a student’s future performance or actually show who's better at studying? On its own, doesn’t a “B” just signal “work harder” rather than “work smarter?”
Grades can easily slip into vanity metric territory, prizing comparison over advancement, and ego over evolution. They can become a tool for teachers to contrast students or for school boards to evaluate schools, rather than for students to improve. It’s easy to fall prey to the “A.”
10 minute read
Using money to buy time linked to increased happiness
New research is challenging the age-old adage that money can't buy happiness.
The study, led by researchers at the University of British Columbia and Harvard Business School, suggests that using money to buy free time-- such as paying to delegate household chores like cleaning and cooking-- is linked to greater life satisfaction.
2 minute read