It's extremely hard to build a company with a product that everyone loves, is free and has no business model, and then to innovate a business model. I did that with Kazaa, had half a billion downloads but that wasn't a sustainable business.
All too often, a successful new business model becomes the business model for companies not creative enough to invent their own.
I tell my graduate students [at Bard College], ‘There are two ways to change the world: through policy, or through sustainable business.’ With sustainable business, individuals build solutions within the current system… Sustainable business asks, ‘How would nature do this?’
Prestige podcasts, like prestige television shows, tend to have an audience that believes itself literate, well-informed, and reasonable. Listening to podcasts, in this model, is a form of virtue.
A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that.
The same products, services or technologies can fail or succeed depending on the business model you choose. Exploring the possibilities is critical to finding a successful business model. Settling on first ideas risks the possibility of missing potential that can only be discovered by prototyping and testing different alternatives.
A show can be artistically successful; a show can be financially successful; a show can be successful by the transformative experience the audience is having; a show can be successful from the point of view of what is experienced by the cast and the company on a daily basis.
The swamp is a business model. It's a successful business model.
We have to make sustainable living convenient, sustainable business profitable & sustainable change fashionable
Growth does not always lead a business to build on success. All too often it converts a highly successful business into a mediocre large business.
We have to have a business model that can be a sustainable and acceptable one to both regulators and the other stakeholders, clients, and investors.
It's not a long-term business model to take advantage of your consumers in ways that are not sustainable.
I believe that at some point we should come up with a business model that would make us sustainable.
The problem with Wal-Mart is that it's a business model premised on offering the customer low prices at any cost - any cost to society, any cost to workers. They've got a lot of competition and have influenced people to follow their model through simply providing a model that is so successful at making profits.
As you're touring there are so many layers to a live show, it has always been important for me to have a guitar that I can use live and in the studio.
Companies will need to pursue a more diversified business model, but I think those companies that have what I call a focused diversified business model will be more successful.