Insight is great stuff to have, but it’s sometimes difficult to find when you are up close to an issue.
A few years ago an ex colleague of mine who had been loosely involved with the travel and tourism industry told me he was buying into a new business venture: a high street travel agency. My heart started beating very fast; my first reaction was to ask: are you sure?
The Top 100 Business Schools avoid this piece of critical thinking in their MBA programs, dismissing it as too soft and somewhat less than tangible. Try telling that to Nordstrom. 10 Minute MBA creator John Quinn explains why entrepreneurs and business leaders need to develop their own version of his Theory of Everything
A touchy subject this, but unfortunately there are many key things about being successful in business that you won't learn in Business School. One of the worst omissions in my view is that of the power of small changes and how these compound to make big improvements to business over remarkably short timescales. One such idea is the one I call my magic profit spell, which shows you how to take specific components of any business and make them unrecognisably better by changing things almost imperceptibly.