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How to Adapt to Changing Times | Simon Sinek
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How to Adapt to Changing Times | Simon Sinek

The Importance of Embracing Change in Professional Industries

Learning from Other Industries

  • The speaker emphasizes the advantage of learning from other professions that have faced disruption, highlighting the importance of recognizing both successes and failures.
  • A comparison is made with Netflix's rise, illustrating how the movie and television industry failed to adapt due to a focus on protecting their existing business models.

Case Studies: Blockbuster and iTunes

  • Blockbuster's missed opportunity to adopt a subscription model is discussed; despite recognizing streaming trends, they were hindered by revenue from late fees.
  • The speaker contrasts this with Apple's creation of iTunes, which capitalized on changing consumer behavior while the music industry clung to traditional sales methods.

Risks of Protectionism

  • The discussion highlights that industries focused on protectionism risk obsolescence as new competitors emerge from outside their sectors.
  • Companies like Amazon are cited as examples of innovation coming from unexpected places, underscoring the need for adaptability in business strategies.

Rethinking Industry Foundations

  • Professionals are encouraged to rethink their industry's foundations rather than defend outdated practices. This involves imagining what their industry would look like if built anew.
  • A critical question posed is about personal motivations for entering the profession—whether it was passion or external pressures—which influences one's potential for innovation.

Balancing Rationality and Emotion in Business

  • The speaker discusses understanding both quantitative (financial metrics) and qualitative (cultural change) aspects of business health as essential for effective leadership.
  • Ultimately, professionals should focus on delivering value to customers in a rapidly changing environment, considering how best to serve them moving forward.
Video description

Either you have to be willing to blow up your own business or someone else will blow it up for you. You can't hold fast to what's worked in the past because you have think about how you would start your business in this day and age. + + + Simon is an unshakable optimist who believes in a bright future and our ability to build it together. Described as “a visionary thinker with a rare intellect,” Simon teaches leaders and organizations how to inspire people. With a bold goal to help build a world in which the vast majority of people wake up every single day feeling inspired, feel safe at work, and feel fulfilled at the end of the day, Simon is leading a movement to inspire people to do the things that inspire them. Simon is the author of multiple best-selling books including Start With Why, Leaders Eat Last, Together is Better, and Find Your Why. His new book, The Infinite Game, will be released in 2019. Simon’s WHY: To inspire people to do the things that inspire them so that, together, each of us can change our world for the better. + + + Website: http://simonsinek.com/ Instagram: https://instagram.com/simonsinek/ Linkedin: https://linkedin.com/in/simonsinek/ Twitter: https://twitter.com/simonsinek Facebook: https://www.facebook.com/simonsinek Simon’s books: The Infinite Game: https://simonsinek.com/product/the-in... Start With Why: https://simonsinek.com/product/start-... Find Your Why: https://simonsinek.com/product/find-y... Leaders Eat Last: https://simonsinek.com/product/leader... Together is Better: https://simonsinek.com/product/togeth...