Category Archives: Business

Lee Iacocca: Education is Concentration & Time Management

The ability to concentrate as well as time management is key in business and Lee Iacocca learnt this in school. He had the discipline to say: “let’s get this done in the next 3 hours and then enjoy something else.” He would work hard during the week and set-aside time during the weekend to spend with family and friends. His approach was built from his parent’s experience. His father was an entrepreneur because that was what Italian immigrants typically did in Pennsylvania. Unfortunately, the Great Depression destroyed Iacocca senior’s businesses, which he had mortgaged to the hilt.

Lee Iacocca grew up in Allentown, Pennsylvania and promised to get the education his father could not have in his native Naples, Italy. The pressure from his father, and the personal drive to success led Lee to get top grades in his high school. He had supportive teachers in debating and mathematics. The core lesson was not to memorize facts but rather to understand how to use facts to position an argument. In other words, he solidified a methodology for attacking problems. He ran for student president and learned (the hard way) that understanding people would help you as a leader. His parents taught him to apply himself, get an education and DO SOMETHING!

This is a synopsis & analysis based on Iacocca: An Autobiography and other miscellaneous research sources. Enjoy.

Linchpin: Are You Indispensable? Part XIII

The GENERAL CRITIQUE of LINCHPIN:

Seth Godin does not provide detailed solutions to practical employment dilemmas of the functionary kind. Godin is abstract, a marketer, and he’s a journalist without the experience of working in an Amazon or Apple corporation. His advice that linchpin’s should be artists seems so out of touch with what it is like to work in startups, or businesses generally. At one point he says, schools should teach two things: 1) solve interesting problems, and 2) be a leader. The only problem is a scarcity of leadership positions that are sustainable, Godin. The Functionaries Paradox is that if everyone believes that they are a leader/entrepreneur, it becomes extremely difficult to get anything done in a business team. There are still millions and millions of functionary roles that need to be completed in Western society. Godin, in fact, is speaking to a very small pool of risk taking entrepreneurs but trying to mask it as if a midlevel manager in a corporation can be linchpin without compromising their execution of tasks, and their functionalist remit. Entrepreneurs or linchpin’s as he calls them are UNEMPLOYABLE. He provides no examples of linchpin from bankers to lawyers or doctors, he is talking about entrepreneurs and more loosely about marketers (whom he loves as it’s what he does) while pretending that being a linchpin can work in any business. Marketers frequently under emphasize the scarcity of resources, the scarcity of eye balls, and time which limits the number of Squidoo.com users, or in the case of the linchpin, the number of leaders that can actually aquire leadership positions that are meaningful. Godin can’t say that he’s talking to a small group of risk takers, because then most job-stability focused people will put the book down. He’s repackaging the ethos of the entrepreneur, and more vaguely the artist.

(This is a series of posts on Seth Godin’s Linchpin: Are You Indispensable?)

Linchpin: Are You Indispensable? Part XII

The GENERAL CRITIQUE of LINCHPIN:

Seth Godin’s Paradox ie. the Functionaries Dilemma. Seth Godin is a pop-culture synthesizer, who repeats himself over and over again as if his audience is truly “lizard brained.” Everyone knows he is deducing these arguments based on his macro-observations. He has limited experience in successful business management having created a mediocre enterprise like Squidoo.com. His primary goal is to convince the reader that you can be the linchpin without his giving substantive advice on how to be one in a practical context. His advice is “to be an artist,” along with a series of similar “be different” slogans. Linchpin is a marketing pep-talk designed to suggest that his target market is ANYONE who is working today. In reality, he is talking about entrepreneurs because most entrepreneurs espouse exactly what he is saying, and Godin wants to convince others to join in the innovative. By pretending that the pie is unlimited, he can argue that his readership can all participate in this linchpin ethos. But framing his book in the way he does, Godin is able to build a larger target market of book purchasers (to use his marketing-think). The trick is that functionaries are very useful for entrepreneurs because those workers never realize that they could do what the entrepreneur is doing. It is difficult to occupy that same space as the leader/entrepreneur/artist inhabit. As with much of his marketing-think, Godin is preaching to the converted who already understand his points, or preaching to the lizard brained who are not going to apply his advice anyway.

From Steve Jobs’ Life: Location Really Does Matter for Entrepreneurship

This is an analysis based on Steve Jobs by Walter Isaacson and other sources of research. Enjoy.

Location Really Does Matter For Entrepreneurs:

You need to be in the right place at the right time. Being exposed to many ideas, variables, and potential inputs for accidental discoveries is better than living in a risk averse environment. In High School, Jobs took an electronics class which would have been less likely in most other cities in the US or Canada. Steve Jobs was fortunate to be raised in Silicon Valley, and because of that location it is less of a mystery as to why Jobs is who he was. Defense contracts in Silicon Valley during the 1950s shaped the history of the valley, military investment was used to build cameras to fly over the USSR, for example. Military companies were on the cutting edge, and made living in Silicon Valley interesting. In the 1930s, Dave Packard moved into Silicon Valley, and his garage was the core of the creation of Hewlett Packard. In the 1960s, HP had 9,000 employees, and it was where all engineers wanted to work. Jobs was ambitious enough at a young age to phone Dave Packard and ask for some parts. That’s how he got a summer job there. Moore’s Law emerged in Silicon Valley, Intel was able to develop the first micro processor. Financial backing was made easier to acquire where rich New Yorker’s retired to…By having the chip technology that could be cost measured for projections, Jobs and Gates would use this metric to revolutionize the technological world.

 More from Steve Job’s Life by Walter Isaacson
Location Really Does Matter for EntrepeurshipChildhood Shapes Your Thinking
Go Get What You Want, If You Have the CourageEducation Is For Conformists
Assume That You Will Die YoungGo To India
Pranking People Requires Creative ThinkingStarting A Company Is Very Difficult
Meet a Brilliant & Nobel EngineerMeetups Bring Insanely Great Ideas Together
Knowing What You Wanted to Do Exclude Relevant Information Where Necessary
Have Discipline Over Body and MindPicking A Name is as Simple As Picking Apples
Crime Does Pay!!??Sharing Ideas Is Fine Up To A Point
Most Good Ideas Have to Be Force Down Peoples ThroatsXerox Parc
Run Your Company Our Of Your Parents HouseMike Markkula’s Marketing Theory Is Built Around Three Areas
MacKenna’s Advertising Style WorkedDon’t Worry About A Business Plan Until You Need Investment in a Serious Venture
Create A Simple Product For HouseholdsYour Product Needs to be a Full Simple Package
Jobs’ Management Style Was “Shit” from ’77 to ’85A Startup Will Become Impersonal With Success
Apple III was a bastard childBeing Abandoned = Ignoring Reality
Good Artists Borrow, Great Artists StealSurround Yourself With “A Players”
Reality Distortion FieldBe At The Nexus of Humanities and Technology
Believe In A Closed System & Product ControlMarket Research Is For Idiots
Motivate With The Big PictureUnhealthy Competition Within A Company Can be Corrosive
The Best & Most Innovative Products Don’t Always WinEras Are Defined by Partnerships & Rivalry – Gates Versus Jobs Round 1
Genius Versus Shit-HeadThe Boardroom Showdown & Emotionality
Advertising Does MatterA Messy Company Can Still Work
A Clean Factory Is Insanely Great But The Product Has To SellBeing Right Isn’t As Important As Winning
Imperfection Is A Moral WrongBringing In An Outside Expert Can Be Costly
The Original Macintosh Had Bad SalesFall From Grace Through Management Incompetence
Finding Similarities Between Yourself & Your Business Partner May Not Be GoodEras Are Defined By Partnerships & Rivalry – Gates Versus Jobs Round 2
Force An Ultimatum To Get Control of a CompanyNever Tell The Allies of Your Opposition That You’re Planning a Coup
Brilliant Failures Help You GrowDesign Should Not Trump Processing
Do Not Disrespect Your Potential Business PartnersGet Real On Your Lean Startup
Get A VC Who Missed Out On A Previous Winning OpportunityAvoid The Problem of Focusing on the Small
Gain Financial Control Against Your Business PartnersRivalry of the Ants & Breaking With Disney
Build A Board That Cannot Operate Independently of the CEODo Not Chase Profits, Chase Value
Do Not Force Other Businesses Into Your Closed SystemHow To Save A Dying Tech Company – Fire the Board Or Resign
Merge Your Venture With A Giant That You Can Take OverTargeting the Education Market Is Not Lucrative
How to Save Dying Tech Company – Return To Your Successful RootsHow to Save a Dying Tech Company – Make Products Not Profit, Fundamentally
Skate Where the Puck’s Going, Not Where It’s BeenThe Loser Now Will Be Soon To Win
The Internet Is Made For MusicBrand Yourself Differently
Don’t Be Afraid to CannibalizeCreate Complimentary Product Offerings Without a Lead Loss Generator
Focus On What People Really Want…1,000 SongsGoogle’s “Don’t Be Evil Mantra” is Bullshit
Get Yourself Into the Cloud & A CastleDon’t Fear Change In Industry, Anticipate It
Create An Inventory Management System & Build a Store That WorksConverge Old Devices Into 1 New Device
Do Not Ignore Medical Diagnoses Make Peace With Your Old Enemies